Augustine Asset Management Inc (Jacksonville)

Name: Augustine Asset Management Inc
Address: 1551 Atlantic Blvd, Jacksonville, FL, 32207 3369
Telephone: 904-396-6944

Augustine Asset Management Inc is a large advisory firm based in Jacksonville. It manages $271.27 million of regulatory assets for 247 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, and Georgia.

Augustine 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.

Augustine Asset Management: assets under management

The assets under management (AUM) of Augustine Asset Management Inc is $271.27 million. The firm's AUM has gone down by -29% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $266.03 million in discretionary accounts and $5.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.11 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $655.59 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Augustine Asset Management Inc for their services and products based on a percentage of assets under management. 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.

What kind of clients Jack C. Demetree serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Jack C. Demetree is high net worth individuals with 48 clients and $230.53 million of assets under management. Among the 13 most similar advisory firms, Augustine Asset Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $271.27 million for 67 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.

Augustine Asset Management doesn't advise any private funds.

Careers at Augustine Asset Management Inc

The company employs 9 people that are either part- or full-time employees. 67 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.

Jack C. Demetree has been acting as President since 1 Aug 1985. Gregory Michael Estes joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ronald J Burns	President, sec-treas, director	1 Aug 1985	50% - 75%	809794
Jack C. Demetree	Director	1 Aug 1985	Other	4344059
William C. Demetree	Director	1 Aug 1985	Other	4344065
Frank William Schornagle	Senior vice president	1 May 1998	Other	1257056
Kimberly Ann Williamson	Vice president	1 Dec 1998	Other	4344015
Jeffrey Randall Hines	Senior vice president-fixed income	1 Apr 1999	Other	861837
Thomas William Shaw	Senior vice president-marketing	1 Feb 2000	Other	2249456
Jr. Jack C. Demetree	Stockholder, director	1 Sep 2000	Other	4344152
Leslie A. Demetree Doherty	Stockholder	1 Sep 2000	Other	4344169
Mark C. Demetree	Stockholder	1 Sep 2000	Other	4344171
Christopher C. Demetree	Stockholder	1 Sep 2000	Other	4344131
Elisa A Demetree	Stockholder	1 Sep 2000	Other	4344077
Leslie Alexandra Demetree Doherty	Stockholder	1 Sep 2000	Other	4344169
Mark Charles Demetree	Stockholder, director	1 Sep 2000	Other	4344171
Christopher Charles Demetree	Stockholder	1 Sep 2000	Other	4344131
Elisa Ann Demetree	Stockholder	1 Sep 2000	Other	4344077
Neil Joseph Sullivan	Executive vice president	1 Oct 2000	Other	4344039
Ronald J Burns	Chairman, chief investment officer, sec-treas, director	1 Jun 2001	50% - 75%	809794
Neil Joseph Sullivan	President, chief operations officer	1 Jun 2001	Other	4344039
Lorraine Hurt Tucker	Vice president	1 Jan 2002	Other	4515566
Frederick Max Blum	Vice president/chief compliance officer	1 Jul 2003	Other	4359571
Jeffrey Emmanuel Bernardo	President, stockholder, director	1 Dec 2008	25% - 50%	2402915
Christopher Reed Fischer	Vice president	1 Jul 2010	Other	2729112
Gregory Michael Estes	Vice president	1 Feb 2018	Other	4359754
Steven Morgan Herbert	Vice president/chief compliance officer	1 Feb 2018	Other	3225400
Steven Herbert	Vice president/chief compliance officer	1 Feb 2018	Other	3225400

Based in Jacksonville

The principal office where Augustine Asset Management Inc performs its advisory services is located at 1551 Atlantic Blvd, Jacksonville, FL 32207 3369, 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 904-396-6944 or by fax 904-396-7275. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at augustineasset.com.