Waycross Partners, LLC (Louisville)

Name: Waycross Partners, LLC
Address: 4965 U.S. Highway 42, Suite 2900, Louisville, KY, 40222
Telephone: 502-410-1900

Waycross Partners, LLC is an investment adviser to an investment company based in Louisville. It manages $76.49 million of regulatory assets for 19 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Kentucky.

Waycross Partners 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.

Waycross Partners: assets under management

The assets under management (AUM) of Waycross Partners, LLC is $76.49 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 119% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $76.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.03 million each.

Waycross Partners has custody of $24.61 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 4% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Waycross Partners, LLC for their services and products based on a percentage of assets under management, fixed fees, 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 Waycross Partners serves?

The firm provides services to investment companies, high net worth individuals, and pooled investment vehicles. The largest group of clients of Waycross Partners is investment companies with 1 clients and $35.4 million of assets under management. Among the 2 most similar advisory firms, Waycross Partners has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $75.99 million for 12 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.

Waycross Partners also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Waycross Partners, LLC

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 4 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 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
Matthew Griswold Bevin	Member	1 Oct 2007	Other	2407814
Larry Joe Walker	Member, chief compliance officer	1 Apr 2008	Other	4347870
John William Ferreby	Member	1 Mar 2009	Other	4347846
Inc. Waycross Holdings	Managing member	1 Dec 2013	75% - 100%	46-4352113
Llc Navian Capital	Member	1 Dec 2016	Other	14-1928469
Jessica Leigh Moss	Chief compliance officer	1 Jan 2017	Other	5263643
Emily Ann O'leary	Chief compliance officer	1 Jan 2018	Other	6903950

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Timothy John Bonacci	Elected manager	1 May 2005	Other	4194271
Richard Keith Spayd	Elected manager	1 Mar 2012	Other	2858348
Richard Guillaume	Elected manager	1 Mar 2012	Other	6760705
Benjamin Henry Thomas	President of waycross holdings, inc.	1 Dec 2013	75% - 100%	3013937

Based in Louisville

The principal office where Waycross Partners, LLC performs its advisory services is located at 4965 U.S. Highway 42, Suite 2900, Louisville, KY 40222, 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 502-410-1900 or by fax 502-410-1913. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at waycrosspartners.com.