Bragg Financial Advisors Inc (Charlotte)

Name: Bragg Financial Advisors Inc
Address: 1031 South Caldwell St, Charlotte, NC, 28203
Telephone: 704-377-0261

Bragg Financial Advisors Inc is a large advisory firm based in Charlotte. It manages $1.4 billion of regulatory assets for 1,239 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of North Carolina and South Carolina.

Bragg Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bragg Financial Advisors: assets under management

The assets under management (AUM) of Bragg Financial Advisors Inc is $1.4 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1572% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.4 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.13 million each.

Investments

The firm invests in investment and business development companies the most. They account for 62% of the total AUM. The second-largest asset type is exchange traded securities, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bragg Financial Advisors Inc for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Bragg Financial Advisors serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Bragg Financial Advisors is high net worth individuals with 360 clients and $898.53 million of assets under management. Among the 12 most similar advisory firms, Bragg Financial Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.4 billion for 1,239 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.

Bragg Financial Advisors doesn't advise any private funds.

Careers at Bragg Financial Advisors Inc

The company employs 21 people that are either part- or full-time employees. 52 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
John Frank Bragg	Secretary	1 Aug 1992	25% - 50%	1884207
Katharine Terry Scruggs	Shareholder	1 Jan 1996	Other	4232091
Phillips Mcleod Bragg	Vice president	1 May 1996	25% - 50%	2821569
Benton Sellers Bragg	President, ceo	1 Aug 1998	25% - 50%	2350317
Steven Harrison Scruggs	Chief compliance officer	1 Jan 2002	Other	4127278
Mark Stephen Thompson	Chief research analyst	1 Jan 2002	Other	2928571
Steven Harrison Scruggs	Chief operations officer	1 Jan 2019	Other	4127278
Dawn Marie Cannon	Chief compliance officer	1 Jan 2019	Other	4633109

Based in Charlotte

The principal office where Bragg Financial Advisors Inc performs its advisory services is located at 1031 South Caldwell St, Charlotte, NC 28203, 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 704-377-0261 or by fax 704-334-9754. The normal business hours are 8:30-5:30 on Monday - Friday. You can find more information about the New York firm at braggfinancial.com and its LinkedIn profile.