William Howard & Co Financial Advisors Inc (Memphis)

Name: William Howard & Co Financial Advisors Inc
Address: 6410 Poplar Ave, Memphis, TN, 38119
Telephone: 901-761-5068

William Howard & Co Financial Advisors Inc is a large advisory firm based in Memphis. It manages $198.77 million of regulatory assets for 450 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Mississippi, Tennessee, and Texas.

William Howard & Co Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

William Howard & Co Financial Advisors: assets under management

The assets under management (AUM) of William Howard & Co Financial Advisors Inc is $198.77 million. The firm's AUM has grown by 195% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $186.4 million in discretionary accounts and $12.37 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $660.98 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $73.62 thousand.

William Howard & Co Financial Advisors has custody of $14.18 million in cash and securities for 46 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay William Howard & Co Financial Advisors Inc 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 William Barker Howard serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of William Barker Howard is high net worth individuals with 53 clients and $175.48 million of assets under management. Among the 11 most similar advisory firms, William Howard & Co Financial Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $198.77 million for 127 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.

William Howard & Co Financial Advisors doesn't advise any private funds.

Careers at William Howard & Co Financial Advisors Inc

The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. No 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.

William Barker Howard has been acting as President since 1 May 1987. Christopher David Pack joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Barker Howard	Ceo/president	1 May 1987	75% - 100%	1040874
Elnora Walter Fugitt	Treasurer/secretary	1 May 1987	Other	4333394
Sonya Ellzey Howard	Vice president	1 Nov 1996	Other	4333402
Randal Edmond Ellzey	Vice president - secretary/treasurer	1 Jan 2004	Other	1706555
Sandra Mitchell Owens	Chief compliance officer	1 Oct 2004	Other	1401565
Elnora Fuggitt Estate	Deceased shareholder	1 Jan 2014	Other	6472722
Estate Of Elnora W Fugitt	Shareholder	1 Dec 2014	Other	47-6682988
Christopher David Pack	Chief compliance officer	1 Jul 2019	Other	7154031

Based in Memphis

The principal office where William Howard & Co Financial Advisors Inc performs its advisory services is located at 6410 Poplar Ave, 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 901-761-5068 or by fax 901-761-2217. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at whcfa.com.