Jackson Thornton Asset Management, LLC (Montgomery)

Jackson Thornton Asset Management, LLC is a large advisory firm based in Montgomery. It manages $890.34 million of regulatory assets for 1,824 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Florida, Georgia, and 6 other states.

Jackson Thornton Asset Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Jackson Thornton Asset Management: assets under management

The assets under management (AUM) of Jackson Thornton Asset Management, LLC is $890.34 million. The firm's AUM has grown by 847% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $875.66 million in discretionary accounts and $14.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $482.46 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.63 million.

Jackson Thornton Asset Management has custody of $1.5 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

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 cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Jackson Thornton Asset Management, LLC 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 Tommy Ray West serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Tommy Ray West is high net worth individuals with 234 clients and $662.24 million of assets under management. Among the 4 most similar advisory firms, Jackson Thornton Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $890.34 million for 812 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.

Jackson Thornton Asset Management doesn't advise any private funds.

Careers at Jackson Thornton Asset Management, LLC

The company employs 16 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Tommy Ray West has been acting as President since 1 Oct 2002. Clarence Crenshaw Pritchett joined the executive team most recently as the Vice President.

Direct owners and executive officers

Based in Montgomery

The principal office where Jackson Thornton Asset Management, LLC performs its advisory services is located at 200 Commerce Street, Montgomery, AL 36104 The mailing address of the firm is P.O. Box 96, Montgomery, AL 36101. An additional office of the firm is in Dothan, AL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 334-834-7660 or by fax 334-240-3692. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at jt-am.com.

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