Waycross Investment Management provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 1–10 clients last fiscal year.
Waycross Investment Management reports 160 clients. They include 96 individual clients, 50 high-net-worth individuals and 14 charitable organizations. Of its assets, 100.0% ($252M across 161 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 60% | 14% |
| High-net-worth individuals | 31% | 57% |
| Charitable organizations | 9% | 29% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 96 | $34.5M | 13.7% | $360K |
| High-net-worth individuals | 50 | $144M | 57.2% | $2.89M |
| Charitable organizations | 14 | $73.4M | 29.1% | $5.24M |
| Total | 160 | $252M | 100% | $1.58M |
- Clients
- 96
- Regulatory AUM
- $34.5M
- AUM share
- 13.7%
- Avg. per client
- $360K
- Clients
- 50
- Regulatory AUM
- $144M
- AUM share
- 57.2%
- Avg. per client
- $2.89M
- Clients
- 14
- Regulatory AUM
- $73.4M
- AUM share
- 29.1%
- Avg. per client
- $5.24M
Total
- Clients
- 160
- Regulatory AUM
- $252M
- AUM share
- 100%
- Avg. per client
- $1.58M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Waycross Investment Management charges 0.60%–1.00% a year for its Discretionary Management Fees. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M–$3M | 0.75% |
| $3M–$5M | 0.70% |
| $5M and above | 0.60% |
Fee details and sources
Other fees
- Non-discretionary consulting
- Portfolio reviews and analysis for clients who do not contract for discretionary management are billed at up to $250.00 per hour.
Luther Hodges owns 50% to 75% of Waycross Investment Management. The leadership team of Waycross Investment Management includes President Luther Hodges. It has 5 employees, 3 of them in advisory roles.
Leadership
- Luther HodgesPresident & Chief Compliance Officer
- David SchneiderVice President
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
- Luther Hartwell Hodges
- Lino Marioni
- Michael Frederick Ryan
- David Geoffrey Schneider
Staff
- 5 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 50% to 75% of Waycross Investment Management Company
Luther Hodges
Control person · since July 2017
- Owns 50% to 75% of Waycross Investment Management Company
David Schneider
Control person · since August 2018
Waycross Investment Management’s regulatory assets grew 1.9× from $135M (February 2021) to $252M (March 2026); clients rose from 128 to 160 and employees from 4 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $252M | 160 | 5 | 1 |
| February 2025 | $217M | 156 | 4 | 1 |
| March 2024 | $195M | 149 | 4 | 1 |
| March 2023 | $153M | 149 | 4 | 1 |
| March 2022 | $158M | 137 | 4 | 1 |
| February 2021 | $135M | 128 | 4 | 1 |
Besides its headquarters, Waycross Investment Management has 0 offices, with 1 listed address in Washington.
Washington · 1 listed address
- 119 N Commercial St, Ste 191, BellinghamHQ
Contact and registration details
- Legal name
- Waycross Investment Management Company
- Headquarters
- 119 N Commercial St, Ste 191, Bellingham, WA 98225
- Website
- waycross.com
- Phone
- 360-671-0148
- SEC file
- 801-120007
- Structure
- Washington corporation
- Fiscal year end
- December
Waycross Investment Management uses Charles Schwab ($252M) as custodian for its separately managed accounts. Waycross Investment Management has custody of $1.94M in client assets for 161 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $252M100%
At year end, Waycross Investment Management’s separately managed accounts were mostly in funds (70%) and stocks (27%). Its reported 13F holdings for the quarter ended 30 June 2026 total $131M across 59 positions; the largest are iShares TR (7.9%), iShares TR (7.3%) and First TR Exchange-traded FD (5.8%).
What the accounts hold
- Stocks27%
- Funds70%
- Bonds2%
- U.S. government and agency bonds1%
- State and local bonds1%
- Cash1%
Reported 13F holdings
- $131M
- Reported 13F value
- 59
- Positions
- 54.2%
- In the 10 largest
- +25.4%
- Value vs. prior quarter
- iShares TR · Ibond Dec 20307.9%
- iShares TR · Ibonds 29 Trm TS7.3%
- First TR Exchange-traded FD · Nasdq Cln Edge5.8%
- Dimensional ETF Trust · US High Prof ETF5.5%
- Select Sector SPDR TR · ST Str Util ETF5.1%
- Invesco Exchange Traded FD T · S&P500 Eql Wgt5.0%
- State Str SPDR S&P 500 ETF T · TR Unit4.7%
- Invesco Exch Trd Slf Idx FD · Invsco 30 Corp.4.7%
- Invesco Exch Trd Slf Idx FD · Buletshs 2031 CP4.7%
- Jabil Inc.3.5%
Together, the ten largest are 54.2% of reported value.
How many clients does Waycross Investment Management have?
Waycross Investment Management has 160 clients and manages $252 million for them, as of March 2026. They include 96 individual clients, 50 high-net-worth individuals and 14 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 March 2026
What services does Waycross Investment Management offer?
Waycross Investment Management provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Waycross Investment Management charge?
Waycross Investment Management charges 0.60%–1.00% a year for its Discretionary Management Fees. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: WAYCROSS INVESTMENT MANAGEMENT CO FORM ADV PART 2 MARCH 2026, filed 6 March 2026
Which custodians does Waycross Investment Management use?
Waycross Investment Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $252M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 March 2026
How many financial advisors does Waycross Investment Management have?
Waycross Investment Management has 3 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Waycross Investment Management invest in?
At the end of its last fiscal year, Waycross Investment Management’s separately managed accounts held 70% registered funds (mutual funds, ETFs, BDCs), 27% exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local bonds and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Waycross Investment Management?
Waycross Investment Management’s direct owners are Luther Hodges (50% to 75%) and David Schneider (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 6 March 2026
How does Waycross Investment Management get paid?
Waycross Investment Management is paid through a percentage of assets under management and hourly charges. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Waycross Investment Management registered with the SEC?
Yes, Waycross Investment Management has been registered with the SEC as an investment adviser since 18 December 2020. Its CRD number is 105034 and its SEC file number is 801-120007.
Source: Form ADV Part 1A, Item 1, filed 6 March 2026; IAPD firm record
How do I contact Waycross Investment Management?
Waycross Investment Management’s main office is at 119 N Commercial St, Ste 191, Bellingham, WA 98225. Its phone number is 360-671-0148. Its website is waycross.com.