Boyd Watterson Asset Management, LLC (Cleveland)


Boyd Watterson Asset Management, LLC is a large advisory firm based in Cleveland. It manages $6.92 billion of regulatory assets for 1,541 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Boyd Watterson Asset 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.

Boyd Watterson Asset Management: assets under management

The assets under management (AUM) of Boyd Watterson Asset Management, LLC is $6.92 billion. The firm's AUM has grown by 123% since the beginning of its operation, and $61.09 million of the total AUM is attributable to clients outside of the United States.

The firm manages $6.41 billion in discretionary accounts and $506.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.19 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $46.05 million.
Boyd Watterson Asset Management has custody of $1.87 billion in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment grade corporate bonds the most. They account for 31% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 30% of the firm’s portfolio. Investments in government bonds form 22% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Boyd Watterson Asset Management, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Boyd Watterson Asset Management serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Boyd Watterson Asset Management is pension and profit sharing plans with 306 clients and $2.89 billion of assets under management. Among the 10 most similar advisory firms, Boyd Watterson Asset Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $6.92 billion for 1,542 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.

Boyd Watterson Asset Management doesn't advise any private funds.

Careers at Boyd Watterson Asset Management, LLC

The company employs 78 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. 21 employees are registered as investment adviser representatives with the state securities authorities.

There are 6 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
Michael Edward Bee Senior executive vice president 1 Mar 2003 Other 3177645
Timothy Michael Hyland Senior executive vice president 1 Jan 2006 Other 1203753
Brian Lee Gevry Ceo / chief investment officer 1 Jan 2006 Other 2456218
James Richard Shirak Executive vice president 1 Jan 2006 Other 4345411
James Allan Waler Executive vice president/chief operations officer 1 Jan 2006 Other 4514932
Clyde Edwin Bartter Co-chief investment officer 1 Jan 2006 Other 2445117
William Allen Spetrino Executive vice president 1 Jan 2006 Other 1240458
John Lee Walsh Chief compliance officer 1 Jun 2008 Other 3138029
Boyd Watterson Holding Co. Member 1 Dec 2008 75% - 100% 20-8444031
Titanium Asset Management Corp. Member 1 Dec 2008 75% - 100% 20-8444031
Robert Emmett Kelly Vice chairman 1 Oct 2009 Other 4373780
Thomas Joseph Tarantino Chief compliance officer 1 Mar 2016 Other 6627855
Patricia Jane Jamieson Chief financial officer 1 Mar 2016 Other 1211524

Indirect Owners

The SEC currently registers 13 indirect owners.

Name Entity Date acquired Ownership Employer ID
Clal Finance Ltd. Shareholder 1 May 2007 25% - 50% foreign
Idb Development Corporation Ltd. Shareholder 1 May 2007 50% - 75% foreign
Idb Holding Corporation Ltd. Shareholder 1 May 2007 50% - 75% foreign
Ganden Holdings Ltd. Shareholder 1 May 2007 25% - 50% foreign
Nochi Dankner Shareholder 1 May 2007 50% - 75% 5440186
Clal Insurance Enterprises Holdings Ltd. Shareholder 1 May 2008 75% - 100% foreign
Llc Tamco Holdings Majority shareholder 1 Dec 2012 75% - 100% 46-1508006
Boyd Tamco Holdings Llc Shareholder 1 Dec 2012 50% - 75% 46-1554716
Llc Nis Acquisition Shareholder 1 Dec 2012 50% - 75% 46-1523598
Llc Boyd Tamco Holdings Shareholder 1 Oct 2013 75% - 100% 46-1554716
Llc Tamco Intermediary Shareholder 1 Oct 2013 75% - 100% 46-4015071
Boyd Tamco Holdings Llc Shareholder 1 Oct 2013 50% - 75% 46-1554716
Llc Nis Acquisition Shareholder 1 Oct 2013 50% - 75% 46-1523598

Based in Cleveland

The principal office where Boyd Watterson Asset Management, LLC performs its advisory services is located at 1301 East 9 Th Street, Cleveland, OH 44114, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 216-771-3450 or by fax 216-771-4454. The normal business hours are 8am to 4:45pm on Monday - Friday. You can find more information about the New York firm at boydwatterson.com.