Old North State Trust, LLC (Greensboro)


Old North State Trust, LLC is a large advisory firm based in Greensboro. It manages $235.95 million of regulatory assets for 370 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of North Carolina and Virginia.

Old North State Trust provides financial planning services, portfolio management for individuals and small businesses, 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.

Old North State Trust: assets under management

The assets under management (AUM) of Old North State Trust, LLC is $235.95 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 54% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $235.95 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $637.71 thousand each.
Old North State Trust has custody of $476.06 million in cash and securities for 538 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Old North State Trust, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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.

Careers at Old North State Trust, LLC

Michael Kirkman has been acting as President since 1 Jan 2004. Ovide Tam De St Aubin has served as the Chief Investment Officer since 1 Nov 1997. Kristopher Shea Abernethy joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Denis Robert De St Aubin Managing member/president owning preferred and common units of onst 1 Nov 1994 25% - 50% 2673684
Denis De St Aubin Managing member/ceo 1 Nov 1994 50% - 75% 2673684
Ovide Edward De St Aubin Member owning preferred and common units of onst/trustee of trust 2 1 Jun 1996 Other 4414370
Ovide Tam De St Aubin Secretary/treasurer/chief compliance officer/chief investment officer 1 Nov 1997 Other 2710468
Jr Dr. Byron Jay Hoffman Manager 1 Nov 2003 Other 5316531
Arnold Livingston Head Manager 1 Nov 2003 Other 5316604
Clifton Gerald Stephens Manager 1 Nov 2003 Other 5316613
Russell Marable Robinson Manager 1 Nov 2003 Other 5316617
Stan Meady White Manager 1 Nov 2003 Other 5317437
Michael Todd Spohn Chief financial officer 1 Jan 2004 Other 4782628
Michael Kirkman President 1 Jan 2004 Other 4516827
James J Szafran Trust officer 1 Jan 2004 Other 4782650
Michael Glenn Kirkman President 1 Jan 2004 Other 4516827
James Joseph Szafran Trust officer 1 Jan 2004 Other 4782650
Trustee U/W Ovide De St Aubin Jr Trust 2 Trust 2 Ovide E De St Aubin Member owning preferred and common units of onst 1 Apr 2005 Other 13-6835325
Trust #2 Uw O Fbo Oe Trust 1 Apr 2005 Other 13-6835325
Pohatcong Investors Inc Member owning preferred and common units of onst 1 Jun 2005 Other 05-0296792
Hoffman Family Re Llc 1 Sep 2005 Other 20-0506976
Hoffman Family Llc Member owning preferred and common units of onst 1 Sep 2005 Other 20-0506976
Margaret Blanchard Irrevocable Trust Member owning preferred and common units of onst 1 Nov 2007 Other xxx-xx-xxxx
Susan Willett Director of trust services 1 Nov 2011 Other 6049201
Susan Skipper Director of trust services/vp 1 Nov 2011 Other 6049201
Susan Waid Beard Vice president 1 Nov 2012 Other 4349690
Kristopher Shea Abernethy Chief compliance officer 1 Dec 2016 Other 4971818

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
Ovide Edward De St Aubin Sole trustee for 3 trusts and co-trustee for 1 trust 1 Oct 1966 50% - 75% 4414370
Sydney Dodd Frissell Farrar Beneficiary 1 Mar 2000 25% - 50% 5511477
Denis R De St Aubin Beneficiary 1 Mar 2000 25% - 50% 5512850
William Wren Farrar Beneficiary 1 Mar 2000 25% - 50% 5512853
Jr Dr. Byron Jay Hoffman Member 1 Sep 2002 25% - 50% 5316531
Iii Byron Jay Hoffman Member 1 Sep 2002 25% - 50% 5316993
Henry Maxwell Hoffman Member 1 Sep 2002 25% - 50% 5316996

Based in Greensboro

The principal office where Old North State Trust, LLC performs its advisory services is located at 125 South Elm Street, Greensboro, NC 27401 The mailing address of the firm is P.O. Box 1380, Greensboro, NC 27401. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 336-2729944. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at oldnorthstatetrust.com.

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