12 Th Street Asset Management LLC (Nashville)

Name: 12 Th Street Asset Management LLC
Address: 102 Woodmont Blvd., Nashville, TN, 37205
Telephone: 615-915-3701

12 Th Street Asset Management LLC is a large advisory firm based in Nashville. It manages $382.41 million of regulatory assets for 416 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Arizona, California, and 21 other states.

12 Th Street Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.

12 Th Street Asset Management: assets under management

The assets under management (AUM) of 12 Th Street Asset Management LLC is $382.41 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 222% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $382.41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $919.25 thousand each.

12 Th Street Asset Management has custody of $37.29 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 12% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay 12 Th Street Asset Management 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 12 Th Street Asset Management serves?

The firm provides services to investment companies, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of 12 Th Street Asset Management is high net worth individuals with 410 clients and $189.41 million of assets under management. Among the 10 most similar advisory firms, 12 Th Street Asset Management has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $382.41 million for 416 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.

12 Th Street Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at 12 Th Street Asset Management LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 4 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
Michael Gerard Okeefe	Chief compliance officer/ chief manager & member	1 Jul 2007	75% - 100%	1465818
David Andrew Shipman	Member	1 Mar 2011	Other	2430346

Based in Nashville

The principal office where 12 Th Street Asset Management LLC performs its advisory services is located at 102 Woodmont Blvd., Nashville, TN 37205, 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 615-915-3701 or by fax 615-250-4828. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at 12thstreetasset.com.