Wms Partners, Llc
State-registered
Private Fund Manager · Boutique (under $100M)
CRD 109971
· SEC file 801-46692
· Towson, MD
· www.youtube.com
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ADV data as of Apr 27, 2026
- Regulatory AUM
- $6.1M
- Discretionary
- $6.1M
- Clients
- 1
- Avg AUM / client
- $6.1M
- Accounts
- 1
- Employees
- 0
AUM over time
$6.1M
$5.7B
Nov 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Apr 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 1 | $6.1M | 100.0% |
Private funds (9)
Reported in Form ADV Section 7.B.(1), filing of Apr 2024 · $91.7M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Wms Private Income Fund Ii, Llc | Private Equity Fund | Delaware | $29.7M | 100 |
| Wms Private Income Fund I, Llc | Private Equity Fund | Delaware | $19.6M | 99 |
| Wms Private Income Fund Iii, Llc | Private Equity Fund | Delaware | $18.9M | 100 |
| Wms Private Equity Fund I, Llc | Private Equity Fund | Delaware | $12.1M | 93 |
| Wms Real Estate Opportunity Fund, Llc | Real Estate Fund | Delaware | $4.3M | 26 |
| Wms Income Opportunity Fund, Llc master | Other Private Fund | Delaware | $2.4M | 2 |
| Wms Washington Fund, Llc | Other Private Fund | Delaware | $2.3M | 32 |
| Wms Income Opportunity Fund B, Llc feeder | Other Private Fund | Delaware | $1.6M | 14 |
| Wms Income Opportunity Fund A, Llc feeder | Other Private Fund | Delaware | $914K | 34 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Dla Piper Llp (Us) Profit Sharing And 401(k) Savings Plan Dla Piper Llp (Us) | 2024 |
People (13)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Chase, Timothy, William | Chairman, Member Of Board | Jul 1992 (34y) | Less than 5% | |
| Martin Joseph Eby | Member Of Board | CFP | May 1994 (32y) | Less than 5% |
| Chad Joseph Norfolk | Member Of Board | CFP | Jan 2018 (9y) | Less than 5% |
| Jeffrey Leigh Hill | Member Of Board | Jan 2018 (9y) | Less than 5% | |
| Paul A Speargas | Co Chief Investment Officer | CFA | Jan 2018 (9y) | Less than 5% |
| Todd Michael Wickwire | Chief Executive Officer And Chief Compliance Officer | Sep 2019 (7y) | Less than 5% | |
| Bryan Michael Lopez | Chief Financial Officer | CFA | Dec 2019 (7y) | Less than 5% |
| Cortez, Steven, Edward | Member | Sep 2021 (5y) | ≈ 2.64% – 25% via Tria Capital Partners Holdings, Llc | |
| Kanner, Yvonne, Nadinne | Member | Sep 2021 (5y) | ≈ 2.64% – 25% via Tria Capital Partners Holdings, Llc | |
| Robins, Benjamin, John | Member | Sep 2021 (5y) | ≈ 2.64% – 25% via Tria Capital Partners Holdings, Llc | |
| Carr, Laura, Mary | Chief Operating Officer | Dec 2021 (5y) | Less than 5% | |
| Joshua F Rowe | Co Chief Investment Officer | CFA | Jan 2023 (4y) | Less than 5% |
| Nathan Richardson Allen | Registered representative | Aug 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Wms Partners Holdings, Llc | Member | Sep 2021 | A | 50% – 75% |
| Tria Asset Holdings B, Llc | Member | Sep 2021 | A | 25% – 50% |
| Tria Capital Partners Assetco, Llc | Member | Sep 2021 | B | ≈ 18.75% – 50% via Tria Asset Holdings B, Llc |
| Tria Capital Partners, Llc | Member | Sep 2021 | B | ≈ 14.06% – 50% via Tria Capital Partners Assetco, Llc |
| Tria Capital Partners Holdings, Llc | Member | Sep 2021 | B | ≈ 10.55% – 50% via Tria Capital Partners, Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Cortez, Steven, Edward: 25% – 50% of Tria Capital Partners Holdings, Llc × 75% – 100% of Tria Capital Partners, Llc × 75% – 100% of Tria Capital Partners Assetco, Llc × 75% – 100% of Tria Asset Holdings B, Llc × 25% – 50% direct ≈ 2.64% – 25% of the firm
- Kanner, Yvonne, Nadinne: 25% – 50% of Tria Capital Partners Holdings, Llc × 75% – 100% of Tria Capital Partners, Llc × 75% – 100% of Tria Capital Partners Assetco, Llc × 75% – 100% of Tria Asset Holdings B, Llc × 25% – 50% direct ≈ 2.64% – 25% of the firm
- Robins, Benjamin, John: 25% – 50% of Tria Capital Partners Holdings, Llc × 75% – 100% of Tria Capital Partners, Llc × 75% – 100% of Tria Capital Partners Assetco, Llc × 75% – 100% of Tria Asset Holdings B, Llc × 25% – 50% direct ≈ 2.64% – 25% of the firm
- Tria Capital Partners Assetco, Llc: 75% – 100% of Tria Asset Holdings B, Llc × 25% – 50% direct ≈ 18.75% – 50% of the firm
- Tria Capital Partners, Llc: 75% – 100% of Tria Capital Partners Assetco, Llc × 75% – 100% of Tria Asset Holdings B, Llc × 25% – 50% direct ≈ 14.06% – 50% of the firm
- Tria Capital Partners Holdings, Llc: 75% – 100% of Tria Capital Partners, Llc × 75% – 100% of Tria Capital Partners Assetco, Llc × 75% – 100% of Tria Asset Holdings B, Llc × 25% – 50% direct ≈ 10.55% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (9, $91.7M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Wms Private Income Fund Ii, Llc | Private Equity Fund | $29.7M | $250K | 100 |
| Wms Private Income Fund I, Llc | Private Equity Fund | $19.6M | $250K | 99 |
| Wms Private Income Fund Iii, Llc | Private Equity Fund | $18.9M | $250K | 100 |
| Wms Private Equity Fund I, Llc | Private Equity Fund | $12.1M | $250K | 93 |
| Wms Real Estate Opportunity Fund, Llc | Real Estate Fund | $4.3M | $250K | 26 |
| Wms Income Opportunity Fund, Llc | Other Private Fund | $2.4M | $100K | 2 |
| Wms Washington Fund, Llc | Other Private Fund | $2.3M | $75.0K | 32 |
| Wms Income Opportunity Fund B, Llc | Other Private Fund | $1.6M | $100K | 14 |
| Wms Income Opportunity Fund A, Llc | Other Private Fund | $914K | $100K | 34 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Dla Piper Llp (Us) Profit Sharing And 401(k) Savings Plan | Dla Piper Llp (Us) | 3,042 | $1.7B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/27/2026 | 1.26 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for pooled investment vehicles
Custody
Reported custodians
- Charles Schwab & Co. $3.4B (60% of AUM) Apr 2024
- M&T Bank $461M (13% of AUM) Mar 2019
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 27, 2026.
View current Form ADV (SEC/IAPD) ↗