Yacktman Asset Management LP is a large advisory firm based in Austin. It manages $13.39 billion of regulatory assets for 701 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 27 other states.
Yacktman 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.
The assets under management (AUM) of Yacktman Asset Management LP is $13.39 billion. The firm's AUM has gone down by -22% since the beginning of its operation, and $685.53 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Yacktman Asset Management LP 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.
The firm provides services to investment companies, high net worth individuals, and pooled investment vehicles. The largest group of clients of Yacktman Asset Management is investment companies with 4 clients and $10.71 billion of assets under management. Among the 8 most similar advisory firms, Yacktman Asset Management has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $13.12 billion for 698 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.
Yacktman Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.
The company employs 17 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people 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 receive compensation from other entities for client referrals.
The principal office where Yacktman Asset Management LP performs its advisory services is located at 6300 Bridgepoint Parkway, Austin, TX 78730 5073, 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 512-767-6700 or by fax 512-767-6729. The normal business hours are 8:00 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at yacktman.com/index.html.