Wayzata Investment Partners LLC (Plymouth)

Name: Wayzata Investment Partners LLC
Address: One Carlson Parkway North, Plymouth, MN, 55447
Telephone: 952-345-0700

Wayzata Investment Partners LLC is a large advisory firm based in Plymouth. It manages $1.15 billion of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Massachusetts and Minnesota.

Wayzata Investment Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wayzata Investment Partners: assets under management

The assets under management (AUM) of Wayzata Investment Partners LLC is $1.15 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -23% since the beginning of its operation, and $62.26 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.15 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $190.95 million each.

Wayzata Investment Partners has custody of $13.03 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wayzata Investment Partners LLC for their services and products based on a percentage of assets under management and performance-based 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 Wayzata Investment Partners serves?

The only and largest group of clients of Wayzata Investment Partners is pooled investment vehicles with 6 clients and $1.15 billion of assets under management. Among the 7 most similar advisory firms, Wayzata Investment Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.15 billion for 6 clients. 50% of the firm’s clients are foreign persons or businesses.

Wayzata Investment Partners also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons is $10,000,000 for each fund.

Careers at Wayzata Investment Partners LLC

The company employs 7 people that are either part- or full-time employees. 71 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
Patrick Joseph Halloran	Manager	1 May 2004	Other	1686827
Mary Irene Burns	Vice president, chief financial officer and chief compliance officer	1 May 2004	Other	4813691
Steven Mark Adams	Member-general counsel	1 May 2004	Other	4623632
John David Mcevoy	Member	1 May 2004	Other	1955637
John Edward Foley	Member	1 May 2004	Other	2303774
Joseph Martin Deignan	Member	1 May 2004	Other	2647532
Blake Matthew Carlson	Member	1 May 2004	Other	4813696
Timothy Joseph Scallen	Chief legal officer	1 Aug 2008	Other	5655808
Joseph Martin Deignan	Vice president	1 Dec 2009	Other	2647532
Map Holdings Llc	Member	1 Dec 2009	50% - 75%	41-1991305
Cheesemaker Partners Llc	Member	1 Dec 2009	Other	27-1495549
Ajz Windmill Llc	Member	1 Dec 2009	Other	80-0519110
Mcevoy Family Holdings Llc	Member	1 Dec 2009	Other	27-1502397
Llc Bcwl Holdings	Member	1 Dec 2009	Other	27-1512339
Kelly Marie Aubrey	Chief operations officer	1 Oct 2016	Other	6723085
Pia Ellen Schutt	Chief financial officer	1 Oct 2016	Other	6723086
Patrick Reilly Shane	Chief compliance officer	1 Oct 2016	Other	6723088
Mary Irene Burns	Vice president and chief compliance officer	1 Oct 2017	Other	4813691

Indirect Owners

The SEC currently registers 20 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Patrick Joseph Halloran	Manager	1 Jan 2004	Other	1686827
Patrick J. Halloran Living Trust Agreement	Member	1 Jan 2004	50% - 75%	xxx-xx-xxxx
Kathleen A. Halloran Living Trust Agreement	Member	1 Jan 2004	25% - 50%	xxx-xx-xxxx
Kathleen Anne Halloran	Trustee	1 Jan 2004	75% - 100%	2181619
Kathy Anne Mcquade	Member	1 Jan 2004	25% - 50%	2181619
Joseph Martin Deignan	Trustee	1 Mar 2009	75% - 100%	2647532
Megan Kelly Deignan	Trustee	1 Mar 2009	75% - 100%	5748448
John David Mcevoy	Manager-member	1 Dec 2009	25% - 50%	1955637
John Edward Foley	Manager-member	1 Dec 2009	50% - 75%	2303774
Blake Matthew Carlson	Manager	1 Dec 2009	Other	4813696
Joseph M. Deignan Revocable Trust Dated 3/13/2009	Member	1 Dec 2009	25% - 50%	xxx-xx-xxxx
Julieann Aedie Mcevoy	Member	1 Dec 2009	25% - 50%	5748451
Danae Ann Foley	Member	1 Dec 2009	25% - 50%	5748450
Megan K. Deignan Revocable Trust Dated 3/13/2009	Member	1 Dec 2009	25% - 50%	xxx-xx-xxxx
Candace Rae Carlson	Member	1 Dec 2009	25% - 50%	5748463
Megan K. Revocable Trust Dated 3/13/2009	Member	1 Dec 2009	25% - 50%	xxx-xx-xxxx
2010 Blake M. Carlson Living Trust Dated May 24	Member	1 Jun 2010	50% - 75%	xxx-xx-xxxx
Blake Matthew Carlson	Trustee	1 Jun 2010	75% - 100%	4813696
2010 Candace R. Herstad Carlson Living Trust Dated May 24	Member	1 Jun 2010	25% - 50%	xxx-xx-xxxx
Candace Rae Carlson	Trustee	1 Jun 2010	75% - 100%	5748463

Based in Plymouth

The principal office where Wayzata Investment Partners LLC performs its advisory services is located at One Carlson Parkway North, Plymouth, MN 55447, 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 952-345-0700. The normal business hours are 8:00 am - 5:00 pm central standard time on Monday - Friday. You can find more information about the New York firm at wayzatainvestmentpartners.com.