Water Dog Asset Management LLC (Buffalo)

Water Dog Asset Management LLC is an adviser based in Buffalo. It manages $1.7 million of regulatory assets for 25 client accounts. It has been registered with the SEC as an adviser since 2017.

Water Dog Asset Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Water Dog Asset Management: assets under management

The assets under management (AUM) of Water Dog Asset Management LLC is $1.7 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.5 million in discretionary accounts and $200 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $75 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $40 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 40% 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 Water Dog Asset Management LLC 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 Water Dog Asset Management serves?

The only and largest group of clients of Water Dog Asset Management is individuals with 15 clients and $1.7 million of assets under management. Among the 3 most similar advisory firms, Water Dog Asset Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.7 million for 15 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.

Water Dog Asset Management doesn't advise any private funds.

Careers at Water Dog Asset Management LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Keith Michael Gliner	Managing member/ cco	1 Oct 2015	75% - 100%	6576376

Based in Buffalo

The principal office where Water Dog Asset Management LLC performs its advisory services is located at 408 West Lott St., Buffalo, WY 82834, 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 303-521-1562. The normal business hours are by appointment only on Monday - Friday.