Welton Investment Partners LLC (Carmel)

Name: Welton Investment Partners LLC
Address: Eastwood Building, Carmel, CA, 93921 6147
Telephone: 831-626-5190

Welton Investment Partners LLC is a large advisory firm based in Carmel. It manages $411.97 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2014.

Welton Investment Partners provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Welton Investment Partners: assets under management

The assets under management (AUM) of Welton Investment Partners LLC is $411.97 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 190% since the beginning of its operation, and $300.1 million of the total AUM is attributable to clients outside of the United States.

The firm manages $411.97 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $45.77 million each.

Welton Investment Partners has custody of $256.85 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 75% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 19% of the firm’s portfolio. Investments in derivatives form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Welton Investment Partners LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Donald Harding Putnam serves?

The firm provides services to pooled investment vehicles and state or municipal government entities. The largest group of clients of Donald Harding Putnam is pooled investment vehicles with 8 clients and $300.1 million of assets under management. Among the 11 most similar advisory firms, Welton Investment Partners has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $411.97 million for 8 clients. 63% of the firm’s clients are foreign persons or businesses.

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

Careers at Welton Investment Partners LLC

The company employs 27 people that are either part- or full-time employees. 26 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Donald Harding Putnam has been acting as President since 1 Jul 2014. Basil Constantine Williams joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Welton Investment Corporation	Managing member	1 Jul 2014	75% - 100%	77-0201264
Chalice Welton Llc	Member	1 Jul 2014	Other	46-5710898
Patrick Lloyd Welton	Chief executive officer	1 Jul 2014	Other	1884594
Guillaume Pierre Detrait	Chief operating officer	1 Jul 2014	Other	6041245
David Scott Nowlin	Chief compliance officer	1 Jul 2014	Other	1447064
Donald Harding Putnam	Director	1 Jul 2014	Other	1065385
Annette Leah Welton	Board chair	1 Jul 2014	Other	1884590
Arthur Frederick Bell	Director	1 Jul 2014	Other	6041249
Knights Of Columbus	Member	1 May 2018	Other	06-0416470
Todd Walker Merrell	Chief financial officer	1 Oct 2018	Other	7091758
Basil Constantine Williams	President	1 Feb 2019	Other	717300

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Patrick Lloyd Welton	Trustee	1 Jan 1992	Other	1884594
Annette Leah Welton	Trustee	1 Jan 1992	Other	1884590
1992 The Welton Family Trust Dated January 28	Sole shareholder	1 May 1997	75% - 100%	xxx-xx-xxxx
Donald Harding Putnam	Managing partner	1 Jun 2005	Other	1065385
Grail Partners Llc	General partner	1 Oct 2006	Other	59-3797643
The Chalice Fund L.P.	Managing member	1 May 2014	Other	43-2113011

Based in Carmel

The principal office where Welton Investment Partners LLC performs its advisory services is located at Eastwood Building, Carmel, CA 93921 6147 The mailing address of the firm is P.O. Box 6147, Carmel, CA 93921 6147. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 831-626-5190 or by fax 831-626-5199. The normal business hours are 8:00 am to 5:00 pm pst on Monday - Friday. You can find more information about the New York firm at welton.com.