Pya Waltman Capital, LLC (Knoxville)


Pya Waltman Capital, LLC is a large advisory firm based in Knoxville. It manages $630.84 million of regulatory assets for 846 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Indiana, Louisiana, Tennessee, and Texas.

Pya Waltman Capital provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pya Waltman Capital: assets under management

The assets under management (AUM) of Pya Waltman Capital, LLC is $630.84 million. The firm's AUM has grown by 169% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $227.56 million in discretionary accounts and $403.28 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $275.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $20.16 million.

Investments

The firm invests in investment and business development companies the most. They account for 82% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pya Waltman Capital, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, 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 Pya Waltman Capital serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Pya Waltman Capital is pension and profit sharing plans with 17 clients and $235.91 million of assets under management. Among the 4 most similar advisory firms, Pya Waltman Capital has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $628.98 million for 307 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Pya Waltman Capital doesn't advise any private funds.

Careers at Pya Waltman Capital, LLC

The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 6 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Jack William Waltman President, member 1 Oct 2005 25% - 50% 4313008
Douglas Andrew Yoakley Member 1 Oct 2005 25% - 50% 5049810
Edward Vaughan Pershing Member 1 Oct 2005 25% - 50% 5049813
James Douglas Arnold Member 1 Oct 2005 Other 5049825
Gregory Paul Gheen Member 1 Oct 2005 Other 5049829
Martin Douglas Brown Member 1 Oct 2005 Other 5049835
Jennifer Sue Banner Member 1 Oct 2005 Other 5049838
Eric E Foster Member 1 Jan 2007 Other 4577593
Jessica Lee Ott Chief compliance officer 1 Mar 2009 Other 5652629

Based in Knoxville

The principal office where Pya Waltman Capital, LLC performs its advisory services is located at 2076 Lakeside Centre Way, Knoxville, TN 37922, 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 865-693-6301 or by fax 865-693-6302. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at pyawaltman.com.