Pope Asset Management, LLC is a large advisory firm based in Memphis. It manages $285.72 million of regulatory assets for 91 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Georgia, Mississippi, and Tennessee.
Pope Asset Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Pope Asset Management, LLC is $285.72 million. The firm's AUM has gone down by -5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Pope Asset Management, 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.
The firm provides services to charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Pope Asset Management is high net worth individuals with 84 clients and $131.82 million of assets under management. Among the 9 most similar advisory firms, Pope Asset Management has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $285.72 million for 91 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.
Pope Asset Management also advises several private funds. Namely, two hedge funds and two private equity funds. The minimum investment commitment required of non-related persons ranges from $10,000 to $250,000.
The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people 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.
Casey Scott Mccandless joined the executive team most recently as the Chief Compliance Officer.
The principal office where Pope Asset Management, LLC performs its advisory services is located at 5100 Poplar Avenue, Memphis, TN 38137, 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 901-763-4001 or by fax 901-763-4229. The normal business hours are 8:00 am to 5:00 pm cst on Monday - Friday. You can find more information about the New York firm at popeasset.com.