Cravens & Company Advisors, LLC (Cookeville)

Name: Cravens & Company Advisors, LLC
Address: 1080 Interstate Drive, Cookeville, TN, 38501
Telephone: (931) 528-6865

Cravens & Company Advisors, LLC is a large advisory firm based in Cookeville. It manages $144.6 million of regulatory assets for 472 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Georgia, Tennessee, and Texas.

Cravens & Company Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cravens & Company Advisors: assets under management

The assets under management (AUM) of Cravens & Company Advisors, LLC is $144.6 million. The firm's AUM has grown by 468% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $133.84 million in discretionary accounts and $10.76 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $287.2 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.79 million.

Investments

The firm invests in investment and business development companies the most. They account for 36% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cravens & Company Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients Cravens & Company Advisors serves?

The firm provides services to individuals, 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 Cravens & Company Advisors is individuals with 140 clients and $71.5 million of assets under management. Among the 9 most similar advisory firms, Cravens & Company Advisors has the 4th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $144.6 million for 168 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.

Cravens & Company Advisors doesn't advise any private funds.

Careers at Cravens & Company Advisors, LLC

The company employs 6 people that are either part- or full-time employees. 33 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Wayne Harris Cravens	Chief compliance officer	1 Mar 2007	Other	1678991
Progressive Savings Bank	Managing member	1 Mar 2007	75% - 100%	621084675
Amanda Jane Clark	Chief compliance officer	1 Mar 2007	Other	4677762

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Lee Rains	Shareholder	1 Mar 2005	25% - 50%	4239530

Based in Cookeville

The principal office where Cravens & Company Advisors, LLC performs its advisory services is located at 1080 Interstate Drive, Cookeville, TN 38501 The mailing address of the firm is 500 North Main Street, Jamestown, TN 38556. An additional office of the firm is in Wartburg, TN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (931) 528-6865 or by fax (931) 646-3619. 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 cravensco.com.