Webster Equity Partners, LLC (Waltham)

Name: Webster Equity Partners, LLC
Address: 1000 Winter Street, Waltham, MA, 02451
Telephone: 781-419-1515

Webster Equity Partners, LLC is a large advisory firm based in Waltham. It manages $1.82 billion of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Florida and Massachusetts.

Webster Equity Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Webster Equity Partners: assets under management

The assets under management (AUM) of Webster Equity Partners, LLC is $1.82 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.82 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $259.73 million each.

Webster Equity Partners has custody of $355.22 thousand in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Webster Equity 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 Webster Equity Partners serves?

The only and largest group of clients of Webster Equity Partners is pooled investment vehicles with 7 clients and $1.82 billion of assets under management. Among the 11 most similar advisory firms, Webster Equity Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.82 billion for 7 clients. None of the firm’s clients are foreign persons or businesses.

Webster Equity Partners also advises several private funds. Namely, one other private fund and six private equity funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $100,000.

Careers at Webster Equity Partners, LLC

The company employs 16 people that are either part- or full-time employees. 75 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
Mark Lewis Greene	Cfo	1 Jan 2012	Other	2653735
David P Malm	Managing member	1 Feb 2018	50% - 75%	2069304
Donald J Steiner	Member	1 Feb 2018	25% - 50%	5925981
Justin Carter Dausch	Chief compliance officer	1 Apr 2018	Other	6919209

Based in Waltham

The principal office where Webster Equity Partners, LLC performs its advisory services is located at 1000 Winter Street, Waltham, MA 02451, which is also the mailing address of the firm. An additional office of the firm is in West Palm Beach, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-419-1515 or by fax 781-419-1516. The normal business hours are 9-6 on Monday - Friday. You can find more information about the New York firm at websterequitypartners.com/.