Waud Capital Partners, LLC (Chicago)


Waud Capital Partners, LLC is a large advisory firm based in Chicago. It manages $1.88 billion of regulatory assets for 19 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Illinois.

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Waud Capital Partners provides portfolio management for pooled investment vehicles and portfolio company management 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.

Waud Capital Partners: assets under management

The assets under management (AUM) of Waud Capital Partners, LLC is $1.88 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 82% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $1.88 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $98.83 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Waud Capital 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 Waud Capital Partners serves?

The only and largest group of clients of Waud Capital Partners is pooled investment vehicles with 19 clients and $1.88 billion of assets under management. Among the 8 most similar advisory firms, Waud Capital Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $1.88 billion for 19 clients. None of the firm’s clients are foreign persons or businesses.

Waud Capital Partners also advises several private funds. Namely, nineteen private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Waud Capital Partners, LLC

The company employs 38 people that are either part- or full-time employees. 87 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives 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
Reeve Byron Waud Managing partner 1 Jul 1998 75% - 100% 1499256
Lp Waud Family Partners Member 1 Jul 1998 Other 36-4103533
Jr. Exclusion Trust Reeve B. Waud Member 1 Jul 1998 Other 36-7145468
Cecily R. M. Waud Exclusion Trust Member 1 Jul 1998 Other 36-7145466
David O Neighbours Partner 1 Sep 2003 Other 4016559
Mark Daniel Flower Cco / cfo 1 Feb 2004 Other 2082147
Matthew William Clary Partner 1 Oct 2004 Other 6019380

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Cornelius Byron Waud Trustee 1 Mar 1996 Other 6019386
Reeve Byron Waud Partner 1 Jul 1996 75% - 100% 1499256

Based in Chicago

The principal office where Waud Capital Partners, LLC performs its advisory services is located at 300 North Lasalle Street, Chicago, IL 60654, 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 312-676-8400 or by fax 312-676-8444. The normal business hours are 9:00 to 5:00 on Monday - Friday. You can find more information about the New York firm at waudcapital.com.