Invictus Fiduciary Services, LLC (Memphis)

Name: Invictus Fiduciary Services, LLC
Address: 1755 Kirby Parkway,, Memphis, TN, 38120
Telephone: (901) 260-1449

Invictus Fiduciary Services, LLC is a large advisory firm based in Memphis. It manages $367.68 million of regulatory assets for 26 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California and Tennessee.

Invictus Fiduciary Services provides esop 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.

Invictus Fiduciary Services: assets under management

The assets under management (AUM) of Invictus Fiduciary Services, LLC is $367.68 million. The firm's AUM has grown by 20% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $288.49 million in discretionary accounts and $79.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $14.42 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $13.2 million.

Invictus Fiduciary Services has custody of $367.68 million in cash and securities for 26 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Invictus Fiduciary Services, 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 Invictus Fiduciary Services serves?

The only and largest group of clients of Invictus Fiduciary Services is corporations or other businesses with 1 clients and $1.28 million of assets under management. Among the 11 most similar advisory firms, Invictus Fiduciary Services has the 2nd highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $1.28 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Invictus Fiduciary Services doesn't advise any private funds.

Careers at Invictus Fiduciary Services, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Kenneth Bryan Lenoir	Managing member	1 Jul 2016	25% - 50%	1616541
Clyde Douglas Kelso	Member & chief compliance officer	1 Jul 2016	25% - 50%	2430343
Michael Eugene New	Member	1 Jul 2016	25% - 50%	6738436

Based in Memphis

The principal office where Invictus Fiduciary Services, LLC performs its advisory services is located at 1755 Kirby Parkway,, 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) 260-1449 or by fax N/A. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at invictusfiduciary.com.