Parthenon LLC (Louisville)

Name: Parthenon LLC
Address: 9900 Corporate Campus Dr, Louisville, KY, 40223 5010
Telephone: 502-327-5660

Parthenon LLC is a large advisory firm based in Louisville. It manages $651.98 million of regulatory assets for 399 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Florida, Indiana, Kentucky, and 4 other states.

Parthenon provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and portfolio management for a limited partnership. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Parthenon: assets under management

The assets under management (AUM) of Parthenon LLC is $651.98 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 $635.09 million in discretionary accounts and $16.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.64 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.41 million.

Parthenon has custody of $18.48 million in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is state and local bonds, which make up 12% of the firm’s portfolio. Investments in investment grade corporate bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Parthenon LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Mcferran Barr serves?

The firm provides services to charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of John Mcferran Barr is high net worth individuals with 197 clients and $537.17 million of assets under management. Among the 9 most similar advisory firms, Parthenon has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $651.98 million for 219 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.

Parthenon also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Parthenon LLC

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 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.

John Mcferran Barr has been acting as President since 1 Mar 1999. Matthew William Carper joined the executive team most recently as the Senior Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Todd Parker Lowe	President, chief compliance officer	1 Dec 1998	Other	1105618
Dianna Lane Saylor	Vice president	1 Jan 1999	Other	1899902
Thomas Alexander Corea	Chief executive officer	1 Mar 1999	25% - 50%	1711319
John Mcferran Barr	Chairman	1 Mar 1999	Other	1014461
Tony Howard Coffey	Chief financial officer	1 Mar 1999	Other	2464952
Panayiota G Jones	Vice president	1 Mar 1999	Other	1240508
Ii John Mcferran Barr	Chairman	1 Mar 1999	Other	1014461
Beverly Sue Clark	Vice president	1 Mar 1999	Other	1378198
Matthew William Carper	Senior vice president	1 Sep 2014	Other	2890738

Based in Louisville

The principal office where Parthenon LLC performs its advisory services is located at 9900 Corporate Campus Dr, Louisville, KY 40223 5010, 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 502-327-5660 or by fax 502-327-6232. The normal business hours are 8 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at parthenonllc.com.