Welton Investment Partners LLC (Carmel)


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.