Porter White Investment Advisors, Inc. (Birmingham)

Name: Porter White Investment Advisors, Inc.
Address: 15 Richard Arrington Jr., Blvd North, Birmingham, AL, 35203 4103
Telephone: 205-252-3681

Porter White Investment Advisors, Inc. is a large advisory firm based in Birmingham. It manages $474.44 million of regulatory assets for 263 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama and Texas.

Porter White Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Porter White Investment Advisors: assets under management

The assets under management (AUM) of Porter White Investment Advisors, Inc. is $474.44 million. The firm's AUM has grown by 160% since the beginning of its operation, and $1 million of the total AUM is attributable to clients outside of the United States.

The firm manages $428.1 million in discretionary accounts and $46.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.71 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.86 million.

Investments

The firm invests in investment and business development companies the most. They account for 82% of the total AUM. The second-largest asset type is government bonds, which make up 14% of the firm’s portfolio. Investments in exchange traded securities form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Porter White Investment Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Porter White Investment Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Porter White Investment Advisors is high net worth individuals with 60 clients and $265.7 million of assets under management. Among the 5 most similar advisory firms, Porter White Investment Advisors has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $474.44 million for 103 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Porter White Investment Advisors doesn't advise any private funds.

Careers at Porter White Investment Advisors, Inc.

The company employs 10 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 8 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Porter White Companies	Corporation	1 May 1984	75% - 100%	63-0877615
James Herbert White	Chairman of the board	1 Jul 2009	Other	465104
Goodloe Herr White	President and cco	1 Jul 2009	Other	2929235
Charles Kennedy Porter	Executive vice president	1 Jul 2009	Other	1277023
Walter Russell Costenbader	Cco	1 Oct 2014	Other	1828345

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
James Herbert White	Stockholder	1 May 1984	75% - 100%	465104

Based in Birmingham

The principal office where Porter White Investment Advisors, Inc. performs its advisory services is located at 15 Richard Arrington Jr., Blvd North, Birmingham, AL 35203 4103, 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 205-252-3681 or by fax 205-252-8803. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at pwco.com.