The Palmer Knight Company (Jacksonville)
The Palmer Knight Company is a large advisory firm based in Jacksonville. It manages $112.66 million of regulatory assets for 222 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida and Georgia.
The Palmer Knight Company provides portfolio management for individuals and small businesses and 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.
The Palmer Knight Company: assets under management
The assets under management (AUM) of The Palmer Knight Company is $112.66 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 210% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in exchange traded securities the most. They account for 84% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 16% of the firm’s portfolio.Fees & Commissions
The advisory firm has a single stream of revenue. Clients pay The Palmer Knight Company 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 Addison Palmer Knight serves?
The firm provides services to individuals and high net worth individuals. The largest group of clients of Addison Palmer Knight is high net worth individuals with 57 clients and $101.9 million of assets under management. Among the 9 most similar advisory firms, The Palmer Knight Company has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $111.65 million for 103 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.
The Palmer Knight Company doesn't advise any private funds.
Careers at The Palmer Knight Company
The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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.
Addison Palmer Knight has been acting as President since 1 Jan 2008. Christopher Davis Knight joined the executive team most recently as the President/Chief Compliance Officer.
Direct owners and executive officers
Based in Jacksonville
The principal office where The Palmer Knight Company performs its advisory services is located at 1022 Park Street, Jacksonville, FL 32204, 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 904-358-9080 or by fax 800-856-5214. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at palmerknight.com.
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