Asset manager · Salt Lake City, UT
Wasatch Advisors LP
SEC-registered investment adviser · CRD 106081 · SEC 801-11095
At a glance
Wasatch Advisors LP is an SEC-registered investment adviser based in Salt Lake City, Utah, with $23.3 billion in regulatory assets under management as of its Form ADV filed March 16, 2026. Its largest client group by assets is investment companies, and it reports 60 individual clients. By Form ADV it is a asset manager, ranked 347th of 3,218 asset managers and 794th of 17,210 SEC-registered advisers by assets.
Main office 801-533-0777wasatchglobal.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $23B
- Rank among asset managers
- #347 of 3,218
- Rank among all SEC RIAs
- #794 of 17,210
- Rank in Utah
- #2 of 151
- Individual clients
- 60
- High-net-worth clients
- 51
- Accounts
- 239
- Discretionary
- 100% of AUM
- Employees
- 96
- Advisory staff
- 41
- Offices
- 1
Owners and executives on its Form ADV
- Jeffrey S. CardonDirector
- James B. TaylorDirector
- Eric S. BergesonDirector
- Daniel D. ThurberDirector, Secretary, Chief Compliance Officer, General Counsel
- Michael K. YeatesDirector, Chief Executive Officer
- Ajay C. KrishnanDirector, Portfolio Manager
- Hollie R. StrasburgDirector, Chief Operating Officer
- Catherine K. SwensonDirector, Director of Client Relations
- Ryan B. SnowDirector, Portfolio Manager
- Michael K. ValentineDirector, Portfolio Manager
- Dustin M. McCartyDirector, Head of Distribution
Custody and brokerage
Broker-dealer
Hybrid RIA
Wasatch Advisors LP is a hybrid RIA: 17 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Investment companies | 23 | $9.2B | 39% |
| Pooled investment vehicles | 15 | $5.6B | 24% |
| State or municipal government entities | 27 | $5.5B | 24% |
| Pension and profit sharing plans | 22 | $1.0B | 4% |
| Sovereign wealth funds and foreign official institutions | 2 | $871M | 4% |
| Charitable organizations | 50 | $645M | 3% |
| Corporations or other businesses | 39 | $220M | <1% |
| High-net-worth individuals | 51 | $196M | <1% |
| Other investment advisers | 1 | $7M | <1% |
| Individuals | 9 | $7M | <1% |
Private funds
Wasatch Advisors LP reports 1 private funds with $188M in gross assets: other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Wasatch Advisors LP answers yes to 1 disclosure item in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Other services
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗wasatchglobal.com ↗
AtlasMembers
The full record on Wasatch Advisors LP
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 398 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 11 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Wasatch Advisors LP manage?
Wasatch Advisors LP reports $23.3 billion in regulatory assets under management across 239 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 16, 2026.
What kind of firm is Wasatch Advisors LP?
Wasatch Advisors LP is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are Wasatch Advisors LP’s clients?
By assets, its largest client types are investment companies ($9.2 billion, 23 clients); pooled investment vehicles ($5.6 billion, 15 clients); state or municipal government entities ($5.5 billion, 27 clients).
Does Wasatch Advisors LP manage private funds?
Yes. It reports 1 private funds with $188 million in gross assets, including other private funds.
Does Wasatch Advisors LP have any disciplinary history?
Wasatch Advisors LP answers yes to 1 disclosure item in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Wasatch Advisors LP’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-16), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →