Vining Sparks Asset Management, LLC (Memphis)

Name: Vining Sparks Asset Management, LLC
Address: 775 Ridge Lake Blvd., Memphis, TN, 38120
Telephone: 901-766-3000

Vining Sparks Asset Management, LLC is a large advisory firm based in Memphis. It manages $158.62 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of Tennessee.

Vining Sparks Asset Management provides 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.

Vining Sparks Asset Management: assets under management

The assets under management (AUM) of Vining Sparks Asset Management, LLC is $158.62 million. The firm's AUM has gone down by -84% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in government bonds the most. They account for 74% of the total AUM. The second-largest asset type is state and local bonds, which make up 15% of the firm’s portfolio. Investments in other assets form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Vining Sparks Asset Management, LLC for their services and products based on a percentage of assets under management and fixed fees. 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.

Careers at Vining Sparks Asset Management, LLC

The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 4 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.

John Thomas Crawford has been acting as President since 1 Oct 2010. Irving Vincent Boberski has served as the Chief Investment Officer since 1 Oct 2010. Allen Joey Riggs joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Limited Partnership Vining Sparks Ibg	Managing member	1 Oct 2010	75% - 100%	27502
Martin Flanagan Shea	General counsel	1 Oct 2010	Other	4697655
John Thomas Crawford	President	1 Oct 2010	Other	1981766
Irving Vincent Boberski	Chief investment officer	1 Oct 2010	Other	2578528
Larry Bruce Levingston	Chief financial officer	1 Oct 2010	Other	1028551
Charles Christian Thomas	Chief compliance officer	1 Oct 2011	Other	5559594
Allen Joey Riggs	Chief financial officer	1 Nov 2011	Other	4513702

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Vining Sparks Securities	General partner	1 Sep 1990	Other	62-1445536
L. P. Vining Sparks & Associates	Limited partner	1 Dec 1990	25% - 50%	62-1455688
Inc. Vining Sparks Securities	General partner	1 Dec 1990	Other	62-1445536
L. P. Vining Sparks Fund	Limited partner	1 Sep 1993	50% - 75%	62-1542224
Inc. Vining Sparks Securities	General partner	1 Sep 1993	Other	62-1445536
Larry Bruce Levingston	Trustee	1 Jan 2004	Other	1028551
Llc Rbs Sparks	General partner	1 Jan 2005	Other	20-2142212
Robert Dean Sparks	Managing member	1 Jan 2005	Other	1566343
Mark Anthony Medford	Shareholder	1 Jul 2009	75% - 100%	5582726
L. P. Rbs Sparks Holdings	Limited partner	1 Aug 2010	25% - 50%	20-2192120
2004 The James L. Vining Trust U/T/A Dated January 5	Limited partner	1 Sep 2010	25% - 50%	20-6099024

Based in Memphis

The principal office where Vining Sparks Asset Management, LLC performs its advisory services is located at 775 Ridge Lake Blvd., Memphis, TN 38120, 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 901-766-3000 or by fax 901-766-3290. The normal business hours are 8:00 to 5:00 on Monday - Friday. You can find more information about the New York firm at viningsparksam.com.