Obermeyer Wood Investment Counsel, LlLP (Aspen)

Name: Obermeyer Wood Investment Counsel, LlLP
Address: 501 Rio Grande Place, Aspen, CO, 81611
Telephone: 970-925-8747

Obermeyer Wood Investment Counsel, LlLP is a large advisory firm based in Aspen. It manages $1.35 billion of regulatory assets for 1,937 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Colorado, and 12 other states.

Obermeyer Wood Investment Counsel, L provides portfolio management for individuals and small businesses 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.

Obermeyer Wood Investment Counsel, L: assets under management

The assets under management (AUM) of Obermeyer Wood Investment Counsel, LlLP is $1.35 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -20% since the beginning of its operation, and $25.3 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.35 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $695.19 thousand each.

Obermeyer Wood Investment Counsel, L has custody of $48.98 million in cash and securities for 47 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 74% of the total AUM. The second-largest asset type is investment and business development companies, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Obermeyer Wood Investment Counsel, LlLP for their services and products based on a percentage of assets under management. 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 Obermeyer Wood Investment Counsel, L serves?

The firm provides services to individuals, 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 Obermeyer Wood Investment Counsel, L is high net worth individuals with 331 clients and $1.09 billion of assets under management. Among the 11 most similar advisory firms, Obermeyer Wood Investment Counsel, L has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.35 billion for 794 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Obermeyer Wood Investment Counsel, L doesn't advise any private funds.

Careers at Obermeyer Wood Investment Counsel, LlLP

The company employs 18 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Roger David Hennefeld	Vice president	1 Feb 2008	Other	1459199
Laurence John Kandel	Vice president	1 Feb 2008	Other	2156275
Wade Hampton King	Vice president	1 Jan 2012	Other	2825290
Walter Raymond Obermeyer	General partner, co-chairman and president	1 Oct 2014	Other	4369855
John Robert Goltermann	Limited partner, senior vice president and chief compliance officer	1 Oct 2014	Other	2145136
Alexandra Flynn Phillips	Limited partner and senior vice president	1 Oct 2014	Other	2810726
Inc. Walter R. Obermeyer Holdings	Managing member	1 Oct 2014	25% - 50%	47-1965805
George Francis Wood	General partner and co-chairman	1 Oct 2014	25% - 50%	2106601
George Tod Wood	Limited partner and vice president	1 Oct 2014	Other	6142264
Lee Worsham Dines	Limited partner and senior vice president	1 Oct 2014	Other	4374613
Joseph Shi Ping Chin	Limited partner and vice president	1 Oct 2014	Other	4876311
Mary Anne Elisberg	Limited partner	1 Oct 2014	Other	1079300
Dana Lyn Nightingale	Vice president	1 Jan 2017	Other	6164005
Charlton Alexander Rugg	Chief compliance officer	1 Mar 2017	Other	6774892

Based in Aspen

The principal office where Obermeyer Wood Investment Counsel, LlLP performs its advisory services is located at 501 Rio Grande Place, Aspen, CO 81611, which is also the mailing address of the firm. An additional office of the firm is in Haiku, HI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 970-925-8747 or by fax 970-925-8723. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at obermeyerwood.com.