# Boyd Watterson Asset Management

Boyd Watterson Asset Management is an Asset Manager based in Cleveland, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Cleveland, United States
- **Region:** North America
- **Address:** Cleveland, OH, United States
- **Founded:** 1928
- **Assets under management:** Approximately $55 billion (per the firm, 2024)
- **Website:** www.boydwatterson.com
- **LinkedIn:** https://www.linkedin.com/company/boyd-watterson-asset-management

## Regulatory record

- **CRD number:** 107808
- **SEC file number:** 801-57468
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/107808

## About

Boyd Watterson Asset Management is an employee-owned firm that traces its roots to 1928. For more than 85 years, we have successfully managed a broad range of portfolios for both institutions and individuals. Our team members rely on a collective wisdom borne from decades of experience to navigate portfolios through challenging and diverse market cycles and economic environments. Our focus is on the management of money and a dedication to superior client service. We offer the unique benefits of a boutique firm but with the resources usually attributable to much larger asset management firms. Stability in our investment beliefs, our people, and our client relationships are the hallmarks of our organization.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Fixed Income
- Real Assets

## Offices

- Philadelphia, PA
- Washington, D.C.
- New York, NY

## People

- Robert W. Boyd — Chairman & CEO
- John C. Sbardellati — President & CIO

## Questions

### Who runs investment decisions at Boyd Watterson?

Robert W. Boyd serves as Chairman & CEO, and John C. Sbardellati is President & Chief Investment Officer. Both have been with the firm for decades, with Sbardellati overseeing the investment committee and portfolio management process (public record).

### How does Boyd Watterson source proprietary deal flow?

In private credit and real assets, the firm leverages relationships with municipal issuers, financial intermediaries, and institutional clients built over 90-plus years. For fixed-income investments, the team relies on primary-market underwriting and secondary-market research, not syndicated allocations (public record).

### Does Boyd Watterson participate in fund commitments or only direct deals?

The firm primarily manages separately managed accounts and commingled vehicles focused on fixed-income and real asset strategies. It does not operate a fund-of-funds or direct private-equity platform, but rather invests directly in securities and real assets on behalf of clients.

### What investment stages does Boyd Watterson typically target?

The firm focuses on income-producing, investment-grade assets across the capital stack: primarily publicly traded municipal and corporate bonds, and private credit and real estate investments that offer yield with lower volatility than equity-oriented strategies.

### Which sectors does Boyd Watterson explicitly avoid?

The firm avoids speculative-grade high-yield bonds, unsecured private equity, and venture-stage investments. It also historically avoids equities entirely, maintaining a strict fixed-income and real asset focus.

### How is Boyd Watterson related to other investment firms?

Boyd Watterson is independently owned and not affiliated with a bank, insurance company, or larger financial conglomerate. It operates as a standalone registered investment adviser with no disclosed relation to other asset managers or family offices.

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Last updated: 2026-06-03T20:00:00.000Z

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