Woodmont Investment Counsel, LLC (Nashville)

Woodmont Investment Counsel provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and private investment fund management. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Woodmont Investment Counsel: assets under management

The assets under management (AUM) of Woodmont Investment Counsel, LLC is $715.07 million. The firm's AUM has grown by 97% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $672.74 million in discretionary accounts and $42.33 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.21 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.02 million.

Woodmont Investment Counsel has custody of $45.94 million in cash and securities for 21 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Woodmont Investment Counsel, LLC for their services and products based on a percentage of assets under management and performance-based 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 Woodmont Investment Counsel serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Woodmont Investment Counsel is high net worth individuals with 128 clients and $379.86 million of assets under management. Among the 11 most similar advisory firms, Woodmont Investment Counsel has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $715.07 million for 319 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.

Woodmont Investment Counsel also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Woodmont Investment Counsel, LLC

The company employs 6 people that are either part- or full-time employees. 100 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 3 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.

Direct owners and executive officers

Based in Nashville

The principal office where Woodmont Investment Counsel, LLC performs its advisory services is located at 401 Commerce Street, Nashville, TN 37219, 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 615-297-6144 or by fax 615-297-7048. The normal business hours are 8:00am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at woodmontcounsel.com and its LinkedIn profile.

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