Lee Danner & Bass Inc (Nashville)

Name: Lee Danner & Bass Inc
Address: 3100 West End Avenue, Nashville, TN, 37203
Telephone: 615-244-7775

Lee Danner & Bass Inc is a large advisory firm based in Nashville. It manages $1.1 billion of regulatory assets for 864 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arkansas, Florida, and 10 other states.

Lee Danner & Bass 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.

Lee Danner & Bass: assets under management

The assets under management (AUM) of Lee Danner & Bass Inc is $1.1 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 176% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.1 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.27 million each.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 6% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lee Danner & Bass 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 Francis Marion Bass serves?

The firm provides services to charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Francis Marion Bass is high net worth individuals with 802 clients and $896.72 million of assets under management. Among the 9 most similar advisory firms, Lee Danner & Bass has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.1 billion for 864 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.

Lee Danner & Bass doesn't advise any private funds.

Careers at Lee Danner & Bass Inc

The company employs 12 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Francis Marion Bass has been acting as President since 1 Mar 2012. Lawson Coffee Allen joined the executive team most recently as the President/ Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Raymond Louis Danner	Director	1 Jun 1988	25% - 50%	4356469
Mark Bryan Smith	Chief compliance officer/ secretary/ treasurer/ director	1 Apr 1996	Other	4356479
Francis Marion Bass	President	1 Apr 1998	25% - 50%	4356472
Lawson Coffee Allen	Vice-president	1 May 1998	Other	4356491
Francis Marion Bass	Vice-president/ director	1 Apr 2005	Other	4749541
Ernest Nmn Williams	Vice president/ director	1 Jan 2007	25% - 50%	4331411
Francis Marion Bass	Chairman/ director	1 Mar 2012	25% - 50%	4356472
Lawson Coffee Allen	President/ director	1 Mar 2012	25% - 50%	4356491

Based in Nashville

The principal office where Lee Danner & Bass Inc performs its advisory services is located at 3100 West End Avenue, Nashville, TN 37203, 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 615-244-7775 or by fax 615-244-5778. The normal business hours are 8:00 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at leedannerbass.com.