Arnold Weitz & Co (Elkhorn)

Arnold Weitz & Co is a large advisory firm based in Elkhorn. It manages $237.24 million of regulatory assets for 66 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Nebraska and Texas.

Arnold Weitz & provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Arnold Weitz &: assets under management

The assets under management (AUM) of Arnold Weitz & Co is $237.24 million. The firm's AUM has gone down by -77% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $57.93 million in discretionary accounts and $179.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.16 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $11.21 million.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is government bonds, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Arnold Weitz & Co for their services and products based on a percentage of assets under management, fixed fees, and commissions. 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 Arnold Weitz & serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Arnold Weitz & is high net worth individuals with 8 clients and $202.18 million of assets under management. Among the 11 most similar advisory firms, Arnold Weitz & has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $237.24 million for 54 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.

Arnold Weitz & doesn't advise any private funds.

Careers at Arnold Weitz & Co

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone 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
Arnold David Weitz	Owner	1 Sep 1993	75% - 100%	462620

Based in Elkhorn

The principal office where Arnold Weitz & Co performs its advisory services is located at 20488 Park Rd, Elkhorn, NE 68022, 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 402-392-2244 or by fax 402-392-0320. The normal business hours are 8-4:30 on Monday - Friday.