Westport Capital Partners LLC (Wilton)

Name: Westport Capital Partners LLC
Address: 40 Danbury Road, Wilton, CT, 06897
Telephone: 203-429-8600

Westport Capital Partners LLC is a large advisory firm based in Wilton. It manages $3.2 billion of regulatory assets for 24 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Connecticut, and Montana.

Westport Capital Partners provides portfolio management for pooled investment vehicles 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.

Westport Capital Partners: assets under management

The assets under management (AUM) of Westport Capital Partners LLC is $3.2 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1492% since the beginning of its operation, and $42.8 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.2 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $133.49 million each.

Westport Capital Partners has custody of $2.96 billion in cash and securities for 21 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Westport Capital Partners LLC for their services and products based on a percentage of assets under management, 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 Westport Capital Partners serves?

The only and largest group of clients of Westport Capital Partners is pooled investment vehicles with 21 clients and $3.11 billion of assets under management. Among the 10 most similar advisory firms, Westport Capital Partners has the 3rd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.11 billion for 21 clients. 17% of the firm’s clients are foreign persons or businesses.

Westport Capital Partners also advises several private funds. Namely, seventeen hedge funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $5,000,000.

Careers at Westport Capital Partners LLC

The company employs 33 people that are either part- or full-time employees. 39 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
Russel Samuel Bernard	Managing principal	1 Nov 2005	Other	2746290
Westport Capital Partners Llc	Member (wcp investment manager, llc)	1 Mar 2006	75% - 100%	157493
Sean Frederick Armstrong	Principal	1 Apr 2006	Other	5937569
Peter Aronson	Principal	1 Apr 2006	Other	5937577
William Gregory Geiger	Principal	1 Apr 2006	Other	5937688
Bruce Ira Nuzie	Principal	1 Apr 2006	Other	5937690
Marc Jeffrey Porosoff	Principal, general counsel and chief compliance officer	1 Apr 2006	Other	5937720
Jordan Sean Socaransky	Principal	1 Apr 2006	Other	5937731
Scott Bernard Chernoff	Principal	1 Apr 2006	Other	5937679
Howard Benjamin Fife	Principal and head trader	1 Jul 2006	Other	1399441
Llc (Owner Of Wcp Investment Manager Llc Only) Skybridge Residual Holding Company	Member	1 Jul 2006	Other	000000
(Owner Of Wcp Investment Manager Llc Only) Skybridge Im (Cayman) Residual Holding Company	Member	1 Jul 2006	Other	000000
Westport Capital Partners Llc	Sole member (fr investment manager, llc)	1 Dec 2010	75% - 100%	157493
Steven Alan Russell	Principal and chief administrative officer	1 Jan 2011	Other	5937737
Talj Llc	Member	1 Nov 2012	25% - 50%	46-1374968
Westport Capital Partners Llc	Member (westport capital partners (uk) llp)	1 Dec 2013	75% - 100%	157493
Wcp (Uk) Limited	Member (westport capital partners (uk) llp)	1 Dec 2013	Other	98-1153720
Llc Wcp Holding Company	Sole member (westport capital partners llc)	1 Jul 2014	75% - 100%	47-2139251
Llc Wcp Gp Holding Company	Member (wcp real estate fund i gp, llc)	1 Jul 2014	75% - 100%	47-2152625
Llc Wcp Gp Holding Compnay	Sole member (wcp real estate fund iii gp, llc)	1 Jul 2014	75% - 100%	47-2152625
Llc Wcp Gp Holding Company	Sole member (wcp newcold gp, llc)	1 May 2015	75% - 100%	47-2152625
Westport Capital Partners Llc	Member (wcp real estate fund i gp, llc)	1 Jun 2015	75% - 100%	47-2152625

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Russel S Bernard 2012 Irrevocable Trust	Member	1 Nov 2012	50% - 75%	46-6354581
Russel Samuel Bernard	Member and elected manager	1 Nov 2012	50% - 75%	2746290
Lp Westport Capital Partners	Sole member	1 Jul 2014	75% - 100%	47-2139167
Llc Wcp Gp	General partner	1 Jul 2014	Other	47-2139078
Talj Llc	Limited partner	1 Jul 2014	25% - 50%	46-1374968

Based in Wilton

The principal office where Westport Capital Partners LLC performs its advisory services is located at 40 Danbury Road, Wilton, CT 06897, which is also the mailing address of the firm. An additional office of the firm is in El Segundo, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-429-8600 or by fax 203-429-8599. The normal business hours are 9:00am to 6:00pm on Monday - Friday. You can find more information about the New York firm at westportcp.com/.