Waterton Investment Adviser, L.L.C. (Chicago)


Waterton Investment Adviser, L.L.C. is a large advisory firm based in Chicago. It manages $127.97 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2018.

Waterton Investment Adviser, L.L.C provides portfolio management for pooled investment vehicles and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Waterton Investment Adviser, L.L.C: assets under management

The assets under management (AUM) of Waterton Investment Adviser, L.L.C. is $127.97 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $127.97 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $18.28 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Waterton Investment Adviser, L.L.C. for their services and products based on fixed fees and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Waterton Investment Adviser, L.L.C serves?

The only and largest group of clients of Waterton Investment Adviser, L.L.C is pooled investment vehicles with 7 clients and $127.97 million of assets under management. Among the 8 most similar advisory firms, Waterton Investment Adviser, L.L.C has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $127.97 million for 7 clients. None of the firm’s clients are foreign persons or businesses.

Waterton Investment Adviser, L.L.C also advises several private funds. Namely, seven real estate funds. The minimum investment commitment required of non-related persons ranges from $0 to $100,000,000.

Careers at Waterton Investment Adviser, L.L.C.

The company employs 203 people that are either part- or full-time employees. 24 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Richard Hanford Hurd has served as the Chief Investment Officer since 1 Aug 2013 and David Reuben Schwartz is the Chief Executive Officer of Waterton Investment Adviser, L.L.C. family office. L.L.C. Sc Intermediate joined the executive team most recently as the Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Waterton Associates L.L.C. Member 1 May 1995 75% - 100% 160616
Peter Michael Vilim Manager 1 Jun 1995 Other 6025770
Douglas George Denyer Chief financial officer 1 Feb 2013 Other 4045640
David Reuben Schwartz Chief executive officer 1 Aug 2013 Other 6025768
Richard Hanford Hurd Chief investment officer 1 Aug 2013 Other 6718715
Erin Harris Ankin General counsel and chief compliance officer 1 Apr 2014 Other 6026172

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
L.L.C. Waterton Enterprises Member 1 Jun 2009 75% - 100% 27-0358418
L.L.C. Schwartz Consolidated Member 1 Jun 2009 75% - 100% 27-0357725
Jamie Diamond Schwartz Family Gift Trust Member 1 Jun 2011 50% - 75% 36-7470235
David Reuben Schwartz Trustee 1 Jun 2011 Other 6025768
David Schwartz Family Gift Trust Member 1 Jun 2011 25% - 50% 36-7470236
Jamie Diamond Schwartz Trustee 1 Jun 2011 Other 4344198
L.L.C. Sc Intermediate Member 1 Nov 2016 75% - 100% 81-4540241

Based in Chicago

The principal office where Waterton Investment Adviser, L.L.C. performs its advisory services is located at 30 S. Wacker Drive, Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-948-4500 or by fax 312-948-4501. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at waterton.com.