Wakefield Asset Management, LlLP (Englewood)


Wakefield Asset Management, LlLP is a large advisory firm based in Englewood. It manages $240.76 million of regulatory assets for 644 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arizona, California, Colorado, and 7 other states.

Wakefield Asset Management, L provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wakefield Asset Management, L: assets under management

The assets under management (AUM) of Wakefield Asset Management, LlLP is $240.76 million. The firm's AUM has grown by 194% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $240.01 million in discretionary accounts and $748 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $377.97 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $83.11 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 79% of the total AUM. The second-largest asset type is investment and business development companies, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wakefield Asset Management, LlLP 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 Wakefield Asset Management, L 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 Wakefield Asset Management, L is high net worth individuals with 99 clients and $162 million of assets under management. Among the 13 most similar advisory firms, Wakefield Asset Management, L has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $240.76 million for 304 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.

Wakefield Asset Management, L doesn't advise any private funds.

Careers at Wakefield Asset Management, LlLP

The company employs 8 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 3 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 compensates 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
Geoffrey Todd Gervasini Managing partner, chief investment officer 1 Dec 2006 75% - 100% 2443483
Wakefield Asset Management Corporation General partner 1 Dec 2006 Other 20-8251717
Michael Anthony Markovich Partner, chief compliance officer 1 Dec 2006 25% - 50% 2559391
Jennifer C. Mancini Finance officer, chief compliance officer 1 Jan 2008 Other 5504382
Jennifer C. Yaeger Finance officer, chief compliance officer 1 Jan 2008 Other 5504382

Based in Englewood

The principal office where Wakefield Asset Management, LlLP performs its advisory services is located at 7887 East Belleview Ave, Suite #800, Englewood, CO 80111, 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 303-771-0630 or by fax 303-770-0160. The normal business hours are 7:30am to 4:30pm on Monday - Friday. You can find more information about the New York firm at wakefieldinc.com.