Watermark Funds Management Proprietary Limited (Sydney, New South Wales)

Name: Watermark Funds Management Proprietary Limited
Address: Level 23, Governor Phillip Tower, 1 Farrer Place, Sydney, New South Wales, 2000
Telephone: +61292520225

Watermark Funds Management Proprietary Limited is an adviser based in Sydney, New South Wales. It manages $330.12 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2017.

Watermark Funds Management Proprietary Limited 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.

Watermark Funds Management Proprietary Limited: assets under management

The assets under management (AUM) of Watermark Funds Management Proprietary Limited is $330.12 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -45% since the beginning of its operation, and $282.2 million of the total AUM is attributable to clients outside of the United States.

The firm manages $330.12 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $66.02 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Watermark Funds Management Proprietary Limited 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 Watermark Funds Management Proprietary Limited serves?

The only and largest group of clients of Watermark Funds Management Proprietary Limited is pooled investment vehicles with 5 clients and $330.12 million of assets under management. Among the 6 most similar advisory firms, Watermark Funds Management Proprietary Limited has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $330.12 million for 5 clients. 83% of the firm’s clients are foreign persons or businesses.

Watermark Funds Management Proprietary Limited also advises several private funds.

Careers at Watermark Funds Management Proprietary Limited

The company employs 10 people that are either part- or full-time employees. 50 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
First Covenant Pty Ltd	Sole shareholder	1 Dec 2003	75% - 100%	foreign
Justin Boyd Braitling	Director; chief investment officer	1 Dec 2003	Other	6826129
Timothy James Bolger	Chief operating officer; chief compliance officer	1 Jan 2014	Other	6826133

Based in Sydney, New South Wales

The principal office where Watermark Funds Management Proprietary Limited performs its advisory services is located at Level 23, Governor Phillip Tower, 1 Farrer Place, Sydney, New South Wales, 2000, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number +61292520225 or by fax +61292521220. The normal business hours are 9 a.m. - 5: p.m. on Monday - Friday. You can find more information about the New York firm at wfunds.com.au/.