# Wayzata Investment Partners LLC

> Wayzata Investment Partners LLC is an SEC-registered investment advisory firm in Wayzata, MN, registered since 2004, reporting under $25 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 132046
- Filed as: WAYZATA INVESTMENT PARTNERS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Wayzata, MN
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/132046
- AdvisorCensus page: https://advisorcensus.com/firm/wayzata-investment-partners-llc-wayzata-mn-132046

## Quick answers

**How is Wayzata Investment Partners LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Wayzata Investment Partners LLC reports these compensation arrangements: performance-based fees.

**Where is Wayzata Investment Partners LLC located?**
Wayzata Investment Partners LLC's principal office is in Wayzata, MN, according to its Form ADV.

**Is Wayzata Investment Partners LLC registered with the SEC or a state?**
Wayzata Investment Partners LLC is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 132046.

**How much does Wayzata Investment Partners LLC manage?**
Wayzata Investment Partners LLC reports $9,378,296 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Wayzata Investment Partners LLC's assets and staff changed since 2021?**
In the Form ADV data for Wayzata Investment Partners LLC: Regulatory assets under management: $805,044,395 in the October 2021 data and $9,378,296 in the October 2026 data, down 99%. Total employees: 7 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Wayzata Investment Partners LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does Wayzata Investment Partners LLC report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation) and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/132046

**What changed in Wayzata Investment Partners LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 3 to 2. Regulatory assets under management went from $45,788,542 to $9,378,296 (-80%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $9,378,296
- Discretionary: $9,378,296
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $9,378,296 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2004 (22 years)
- Employees: 4 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA, MN
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/132046

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $805,044,395 | 7 | March 31, 2021 |
| October 2022 | $697,356,061 | 7 | March 30, 2022 |
| October 2023 | $644,393,169 | 7 | March 30, 2023 |
| October 2024 | $376,008,738 | 7 | March 29, 2024 |
| October 2025 | $45,788,542 | 5 | March 28, 2025 |
| October 2026 | $9,378,296 | 4 | March 30, 2026 |

Regulatory assets under management: $805,044,395 in the October 2021 data and $9,378,296 in the October 2026 data, down 99%.
Total employees: 7 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 3 to 2.
- Regulatory assets under management went from $45,788,542 to $9,378,296 (-80%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Wayzata Investment Partners LLC (CRD 132046): Form ADV filing data as of October 2026.