Wedgewood Partners

What Wedgewood Partners does

Wedgewood Partners is a privately held investment management firm founded in 1988 and headquartered in St. Louis, Missouri. Operating as an SEC Registered Investment Advisor, the firm runs a focused large-cap growth equity strategy holding approximately 20 stocks, anchored on a proprietary "Invest as Business Owners" philosophy in place since 1992 that emphasizes peer-leading Cash Flow Return on Invested Capital, double-digit annualized earnings growth over a 3–5 year horizon, and reasonable valuations acquired patiently as a margin of safety.

The firm serves institutional investors and high net worth individuals via direct advisory relationships governed by formal advisory agreements and fiduciary duty. Its core product is the Focused Large Cap Growth strategy, which is also made available to retail investors through the Wedgewood Fund mutual fund (RWGIX/RWGFX), distributed via RiverPark Funds under a partnership in which RiverPark Advisors LLC's voting trust holds a 5.95% stake in Wedgewood Partners, Inc. Compliance infrastructure includes GIPS-verified composite reporting, Form ADV Part 2A/2B filings, and Form CRS disclosures.

The business model is fee-based and recurring, generating revenue primarily through investment advisory fees calculated as a percentage of assets under management under private advisory agreements. The firm is employee-owned, has 11–50 employees, operates from a single US office, and markets through its website, quarterly client letters, and an email newsletter rather than via broad distribution channels. Leadership comprises William M. Thomas (CEO, President, and Chairman since 2015) and David A. Rolfe, CFA (Chief Investment Officer since 1992), supported by additional CFA-credentialed portfolio managers and operations staff.

Name

Wedgewood Partners

Legal name

Wedgewood Partners, Inc.

Website

https://wedgewoodpartners.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

Wedgewood Partners is a St. Louis-based SEC Registered Investment Advisor that runs a concentrated ~20-stock large-cap growth strategy for institutional investors and high net worth individuals, with retail access via the Wedgewood Fund distributed through RiverPark Funds.

Ownership category

akta.pro rank

Product category

Investment Management — Large Cap Growth Equity

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Fixed Income Mutual Funds (FSAAAEAB)

Keywords

• Large cap growth investing
• Investment management
• Mutual fund management
• Wealth advisory services
• Concentrated growth strategy

Headquarters

HQ city

St Louis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Advisory Fees: Wedgewood Partners generates revenue through investment advisory fees, typically calculated as a percentage of assets under management (AUM). As an SEC Registered Investment Advisor, the firm operates under a fiduciary duty to act in clients' best interests.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Wedgewood Partners is a SEC Registered Investment Advisor that manages a concentrated portfolio of approximately 20 large-cap growth stocks for institutional investors and high net worth individuals under formal advisory agreements. The firm also offers the Wedgewood Fund (RWGIX/RWGFX) mutual fund, distributed through RiverPark Funds, applying its proprietary "Invest as Business Owners" research philosophy to deliver long-term capital appreciation.

Product overview

Wedgewood Partners offers a focused large-cap growth investment strategy centered on approximately 20 large-cap stocks. The firm's core products include the Wedgewood Fund (RWGIX/RWGFX), a mutual fund implementing their investment approach through RiverPark Funds distribution. Their strategy emphasizes peer-leading profitability measured by Cash Flow Return on Invested Capital, targeting double-digit annualized earnings growth over multi-year timeframes. The firm also provides regulatory disclosure documents including Form ADV filings and Client Relationship Summary to meet SEC compliance requirements.

Differentiator

Problem solved

Functional benefit

Products and services

• Focused Large Cap Growth Strategy Wedgewood Partners' core investment strategy focused on approximately 20 large-cap growth stocks, targeting double-digit annualized earnings growth over a multi-year timeframe with peer-leading Cash Flow Return on Invested Capital as the research focus. Provided to institutional investors and high net worth individuals under formal advisory agreements.
• Wedgewood Fund (RWGIX/RWGFX) A mutual fund managed by Wedgewood Partners using the firm's focused large-cap growth investment strategy, offered in two share classes (RWGIX and RWGFX) and distributed to retail and intermediary investors through RiverPark Funds.
• Direct Investment Advisory Services Direct investment advisory services delivered to institutional investors and high net worth individuals under formal advisory agreements, applying Wedgewood's "Invest as Business Owners" framework with a fiduciary duty as an SEC Registered Investment Advisor.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Jensen Investment Management: Boutique RIA managing a focused large-cap quality-growth equity strategy for institutional and individual clients, closely comparable in concentrated stock approach, AUM-based fee model, and similar employee-owned structure.
• Polen Capital Management: Boutique growth-equity manager offering concentrated large-cap growth strategies (Polen Focus, Polen Global Growth), matching Wedgewood's high-conviction, business-owner approach to quality growth investing.
• Winslow Capital Management: Concentrated large-cap growth equity manager serving institutional and intermediary channels, closely aligned with Wedgewood's strategy in stock selection philosophy and target investor base.
• AKRE Capital Management: Focused, concentrated US growth manager run by long-tenured investment professionals, comparable to Wedgewood in boutique scale, AUM-based fee model, and high-conviction business-owner approach.
• Hodges Capital Management: Employee-owned boutique offering large-cap and small-cap growth strategies to institutional and retail clients via mutual funds, comparable in firm size, structure, and growth-equity mandate.
• Argent Capital Management: Concentrated large-cap value and growth equity manager serving institutional and intermediary clients, comparable to Wedgewood in boutique scale, AUM-based fees, and high-conviction approach.
• Bartlett & Co. Private, employee-owned investment management firm offering equity and fixed income strategies with a long-tenured investment approach, comparable in operating structure and HNW/institutional client base.

Broad incumbents

• Brown Brothers Harriman Investor Services: Large, multi-strategy private investment manager and custodian offering institutional and HNW advisory services including large-cap equity management, comparable as a broader incumbent serving overlapping client segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wedgewood Partners