Douglas Capital Management Inc (Jacksonville)

Name: Douglas Capital Management Inc
Address: 13500 Sutton Park Drive S, Jacksonville, FL, 32224
Telephone: 904-285-7866

Douglas Capital Management Inc is a large advisory firm based in Jacksonville. It manages $239.24 million of regulatory assets for 50 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Florida.

Douglas Capital Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Douglas Capital Management: assets under management

The assets under management (AUM) of Douglas Capital Management Inc is $239.24 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 90% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $239.24 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.78 million each.

Investments

The firm invests in government bonds the most. They account for 48% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 16% of the firm’s portfolio. Investments in state and local bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Douglas Capital Management Inc for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Alexander Douglas serves?

The only and largest group of clients of James Alexander Douglas is high net worth individuals with 29 clients and $31.11 million of assets under management. Among the 10 most similar advisory firms, Douglas Capital Management has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $31.11 million for 29 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Douglas Capital Management doesn't advise any private funds.

Careers at Douglas Capital Management Inc

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

James Alexander Douglas has been acting as President since 1 Dec 2007. Christopher Douglas has served as the Chief Investment Officer since 1 Dec 2007. G Bruce Douglas joined the executive team most recently as the Chairman Emeritus.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
G Bruce Douglas	Chairman of the board	1 Apr 1980	25% - 50%	1883161
Anne Louise Steedman	Vice-president	1 Jul 1991	Other	1052236
James Alexander Douglas	Executive vice president	1 Jul 1998	Other	1470485
Christopher Douglas	President	1 Jul 1998	Other	2282806
James Alexander Douglas	Chief compliance officer	1 Oct 2004	25% - 50%	1470485
James Alexander Douglas	President	1 Dec 2007	25% - 50%	1470485
Christopher Douglas	Ceo/chief investment officer	1 Dec 2007	50% - 75%	2282806
G Bruce Douglas	Chairman emeritus	1 Dec 2007	Other	1883161

Based in Jacksonville

The principal office where Douglas Capital Management Inc performs its advisory services is located at 13500 Sutton Park Drive S, Jacksonville, FL 32224, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 904-285-7866 or by fax 904-285-7677. The normal business hours are 9:00-4:30 on Monday - Friday. You can find more information about the New York firm at douglascapitalmanagement.com.