Waddell & Associates, LLC (Memphis)

Name: Waddell & Associates, LLC
Address: 5188 Wheelis Drive, Memphis, TN, 38117
Telephone: 901-767-9187

Waddell & Associates, LLC is a large advisory firm based in Memphis. It manages $691.46 million of regulatory assets for 2,393 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 15 other states.

Waddell & Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Waddell & Associates: assets under management

The assets under management (AUM) of Waddell & Associates, LLC is $691.46 million. The firm's AUM has gone down by -6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $633.92 million in discretionary accounts and $57.53 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $271.49 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $991.93 thousand.

Waddell & Associates has custody of $57.8 million in cash and securities for 14 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 45% of the total AUM. The second-largest asset type is exchange traded securities, which make up 43% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Waddell & Associates, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Waddell & Associates 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 Waddell & Associates is high net worth individuals with 174 clients and $483.03 million of assets under management. Among the 7 most similar advisory firms, Waddell & Associates has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $691.46 million for 882 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.

Waddell & Associates doesn't advise any private funds.

Careers at Waddell & Associates, LLC

The company employs 19 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 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
Llc Focus Operating	Member	1 Apr 2016	75% - 100%	20-8161914
Tara Lynn Meeks	Chief compliance officer	1 Apr 2016	Other	1378220
David Sewall Waddell	President, chief executive officer and director	1 Apr 2016	Other	2682170
Perry Jenkins Green	Senior vice president	1 Apr 2016	Other	4748372

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
Llc Focus Financial Partners	Member	1 Apr 2016	75% - 100%	16-1728260
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Llc Trident Ffp Blocker	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Memphis

The principal office where Waddell & Associates, LLC performs its advisory services is located at 5188 Wheelis Drive, Memphis, TN 38117, which is also the mailing address of the firm. An additional office of the firm is in Brentwood, TN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 901-767-9187 or by fax 901-767-0056. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at waddellandassociates.com.