Water Street Capital, Inc. (Jacksonville)

Name: Water Street Capital, Inc.
Address: 4306 Pablo Oaks Court, Jacksonville, FL, 32224
Telephone: 904-355-5959

Water Street Capital, Inc. is a large advisory firm based in Jacksonville. It manages $4.74 billion of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Florida.

Water Street Capital provides portfolio management for pooled investment vehicles. 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 Street Capital: assets under management

The assets under management (AUM) of Water Street Capital, Inc. is $4.74 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 4% since the beginning of its operation, and $379.38 million of the total AUM is attributable to clients outside of the United States.

The firm manages $4.74 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $676.81 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Water Street Capital, Inc. 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 Gilchrist Baker Berg serves?

The only and largest group of clients of Gilchrist Baker Berg is pooled investment vehicles with 7 clients and $4.74 billion of assets under management. Among the 10 most similar advisory firms, Water Street Capital has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.74 billion for 7 clients. 29% of the firm’s clients are foreign persons or businesses.

Water Street Capital also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Water Street Capital, Inc.

The company employs 23 people that are either part- or full-time employees. 43 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.

Gilchrist Baker Berg has been acting as President since 1 Jul 1987. Christopher Michael Todd joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gilchrist Baker Berg	President	1 Jul 1987	75% - 100%	852533
John K. Adams	Coo	1 Jul 2005	Other	4376926
John Kinnett Adams	Coo	1 Jul 2005	Other	4376926
Edythe Pearl Best	Cco	1 Sep 2010	Other	6028553
Christopher Michael Todd	Chief financial officer	1 Aug 2015	Other	6626764
Christopher Michael Todd	Cco	1 Dec 2016	Other	6626764

Based in Jacksonville

The principal office where Water Street Capital, Inc. performs its advisory services is located at 4306 Pablo Oaks Court, Jacksonville, FL 32224, 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 904-355-5959 or by fax 904-359-2029. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at wscapital.com.