Griffin Family Partners, LLC (Nashville)

Griffin Family Partners, LLC is a large advisory firm based in Nashville. It manages $147.19 million of regulatory assets for 137 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Tennessee and Texas.

Griffin Family Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Griffin Family Partners: assets under management

The assets under management (AUM) of Griffin Family Partners, LLC is $147.19 million. The firm's AUM has grown by 28% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $114.13 million in discretionary accounts and $33.06 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $959.1 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.84 million.

Griffin Family Partners has custody of $46.55 million in cash and securities for 47 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 25% of the firm’s portfolio. Investments in investment and business development companies form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Griffin Family Partners, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Griffin Family Partners serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Griffin Family Partners is high net worth individuals with 14 clients and $97.49 million of assets under management. Among the 10 most similar advisory firms, Griffin Family Partners has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $142.49 million for 38 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.

Griffin Family Partners doesn't advise any private funds.

Careers at Griffin Family Partners, LLC

The company employs 1 person that is either a part- or full-time employee. 100 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
Mark Todd Vandiver	Manager; cco	1 Aug 2016	75% - 100%	1695188

Based in Nashville

The principal office where Griffin Family Partners, LLC performs its advisory services is located at 511 Union Street, Nashville, TN 37219 The mailing address of the firm is P.O. Box 150325, Nashville, TN 37215 0325. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 615-948-4060 or by fax (866) 292-4607. The normal business hours are 9-5 on Monday - Friday.