Secrest Blakey & Associates, LLC (Raleigh)


Secrest Blakey & Associates, LLC is a large advisory firm based in Raleigh. It manages $226.56 million of regulatory assets for 924 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, District of Columbia, and 10 other states.

Secrest Blakey & Associates provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm also engages as consulting services firm.

Secrest Blakey & Associates: assets under management

The assets under management (AUM) of Secrest Blakey & Associates, LLC is $226.56 million. The firm's AUM has grown by 71% since the beginning of its operation, and $442.14 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $217.09 million in discretionary accounts and $9.47 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $239.88 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $498.37 thousand.
Secrest Blakey & Associates has custody of $117.79 million in cash and securities for 222 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is investment and business development companies, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Secrest Blakey & Associates, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Secrest Blakey & Associates serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Secrest Blakey & Associates is high net worth individuals with 116 clients and $166.05 million of assets under management. Among the 8 most similar advisory firms, Secrest Blakey & Associates has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $226.56 million for 495 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Secrest Blakey & Associates doesn't advise any private funds.

Careers at Secrest Blakey & Associates, LLC

The company employs 13 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 6 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
Llc Cavok Wealth Consulting Managing member 1 Jun 2000 50% - 75% 56-2207191
Inc. Southeast Financial Group Managing member 1 Jul 2001 50% - 75% 56-2262322
Edward Blair Secrest Chief compliance officer 1 Mar 2010 Other 2161058
Llc Cavok Wealth Consulting Managing member 1 Dec 2011 50% - 75% 56-2207191
Inc. Southeast Financial Group Managing member 1 Dec 2011 50% - 75% 56-2262322

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
James Thomas Blakey President 1 Jun 2000 75% - 100% 2934957
Edward Blair Secrest President 1 Jul 2001 75% - 100% 2161058

Based in Raleigh

The principal office where Secrest Blakey & Associates, LLC performs its advisory services is located at 7780 Brier Creek Parkway, Raleigh, NC 27617 The mailing address of the firm is 559 Davidson Gateway Drive, Davidson, NC 28036. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 919-544-0500 or by fax 919-544-0502. 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 sbria.com and its LinkedIn profile.