Duncan Williams Asset Management, LLC (Memphis)

Name: Duncan Williams Asset Management, LLC
Address: 6263 Poplar Avenue, Memphis, TN, 38119
Telephone: (901) 435-4250

Duncan Williams Asset Management, LLC is a large advisory firm based in Memphis. It manages $103.77 million of regulatory assets for 536 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Arkansas, California, and 12 other states.

Duncan Williams Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Duncan Williams Asset Management: assets under management

The assets under management (AUM) of Duncan Williams Asset Management, LLC is $103.77 million. The firm's AUM has gone down by -23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $72.35 million in discretionary accounts and $31.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $178.21 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $241.7 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 50% 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 exchange traded securities form 24% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Duncan Williams Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Duncan Williams Asset Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Duncan Williams Asset Management is charitable organizations with 19 clients and $36.87 million of assets under management. Among the 10 most similar advisory firms, Duncan Williams Asset Management has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $103.77 million for 271 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.

Duncan Williams Asset Management doesn't advise any private funds.

Careers at Duncan Williams Asset Management, LLC

The company employs 8 people that are either part- or full-time employees. 63 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Duncan Franklin Williams	Member; chairman of board of managers	1 Apr 2015	75% - 100%	2085774
George Demetri Patikas	Manager; president, cco & cfo	1 Apr 2015	Other	2601622
Patrick Thompson Burnett	Manager (board of managers)	1 Apr 2015	Other	5988733
Heather Diane Smith	Chief compliance officer	1 Feb 2017	Other	4349745
David Nicholas Scully	Manager; president	1 Feb 2017	Other	5023371
Franklin Farley Reid	Manager (board of managers)	1 Jul 2017	Other	1393146

Based in Memphis

The principal office where Duncan Williams Asset Management, LLC performs its advisory services is located at 6263 Poplar Avenue, Memphis, TN 38119, 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 (901) 435-4250 or by fax (901) 435-4052. The normal business hours are 8:30 a.m. to 4:30 p.m. cst on Monday - Friday. You can find more information about the New York firm at dwamllc.com.