Wedge Capital Management LLP (Charlotte)
Wedge Capital Management LLP is a large advisory firm based in Charlotte. It manages $11.15 billion of regulatory assets for 366 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Georgia, New York, and 3 other states.
Wedge Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Wedge Capital Management: assets under management
The assets under management (AUM) of Wedge Capital Management LLP is $11.15 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 342% since the beginning of its operation, and $477 million of the total AUM is attributable to clients outside of the United States.
Investments
The firm invests in exchange traded securities the most. They account for 78% of the total AUM. The second-largest asset type is derivatives, which make up 6% of the firm’s portfolio. Investments in state and local bonds form 4% of the total invested assets.Fees & Commissions
The advisory firm has a single stream of revenue. Clients pay Wedge Capital Management LLP for their services and products based on a percentage of assets under management. 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 Wedge Capital Management serves?
The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Wedge Capital Management is pension and profit sharing plans with 169 clients and $5.61 billion of assets under management. Among the 10 most similar advisory firms, Wedge Capital Management has the highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $11.15 billion for 366 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.
Wedge Capital Management doesn't advise any private funds.
Careers at Wedge Capital Management LLP
The company employs 32 people that are either part- or full-time employees. 84 percent of the employees work as investment advisers or researchers. 30 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
Based in Charlotte
The principal office where Wedge Capital Management LLP performs its advisory services is located at 301 South College Street, Charlotte, NC 28202 6002, 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 704-334-6475 or by fax 704-334-3542. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at wedgecapital.com/ and its LinkedIn profile.
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