Weatherly Asset Management LP (Del Mar)

Name: Weatherly Asset Management LP
Address: 832 Camino Del Mar, Suite 4, Del Mar, CA, 92014
Telephone: 858-259-4507

Weatherly Asset Management LP is a large advisory firm based in Del Mar. It manages $863.76 million of regulatory assets for 1,310 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Illinois, and 8 other states.

Weatherly Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Weatherly Asset Management: assets under management

The assets under management (AUM) of Weatherly Asset Management LP is $863.76 million. The firm's AUM has grown by 1011% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $853.91 million in discretionary accounts and $9.84 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $671.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $252.37 thousand.

Weatherly Asset Management has custody of $284.12 million in cash and securities for 206 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is other assets, which make up 12% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Weatherly Asset Management LP for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Weatherly Asset Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Weatherly Asset Management is high net worth individuals with 238 clients and $782.24 million of assets under management. Among the 8 most similar advisory firms, Weatherly Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $863.76 million for 369 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Weatherly Asset Management doesn't advise any private funds.

Careers at Weatherly Asset Management LP

The company employs 12 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Carolyn Person Taylor	Limited partner, chief compliance officer	1 Sep 1994	75% - 100%	1258663
Carolyn Person Taylor	Limited partner, chief compliance officer	1 Dec 1994	75% - 100%	1258663
Inc. Weatherly Asset Management	General partner	1 Dec 1994	Other	33-0638186
Carolyn Person Taylor	Chief compliance officer	1 Sep 2004	75% - 100%	1258663

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Carolyn Person Taylor	President	1 Oct 1994	75% - 100%	1258663

Based in Del Mar

The principal office where Weatherly Asset Management LP performs its advisory services is located at 832 Camino Del Mar, Suite 4, Del Mar, CA 92014, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 858-259-4507 or by fax 858-259-0782. The normal business hours are 6:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at weatherlyassetmgt.com.