Leconte Wealth Management, LLC (Maryville)

Name: Leconte Wealth Management, LLC
Address: 703 William Blount Drive, Maryville, TN, 37801
Telephone: (865) 379-8200

Leconte Wealth Management, LLC is a large advisory firm based in Maryville. It manages $157.32 million of regulatory assets for 203 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Tennessee and Texas.

Leconte Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Leconte Wealth Management: assets under management

The assets under management (AUM) of Leconte Wealth Management, LLC is $157.32 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 36% since the beginning of its operation, and $231.2 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $157.32 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $774.99 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is state and local bonds, which make up 25% of the firm’s portfolio. Investments in investment and business development companies form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Leconte Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Leconte Wealth Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Leconte Wealth Management is high net worth individuals with 25 clients and $98.89 million of assets under management. Among the 12 most similar advisory firms, Leconte Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $157.32 million for 204 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Leconte Wealth Management doesn't advise any private funds.

Careers at Leconte Wealth Management, LLC

The company employs 8 people that are either part- or full-time employees. 50 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
Kevin A. Painter	Managing member/chief compliance officer	1 Mar 2007	50% - 75%	4332055
Hoy Carter Grimm	Managing member	1 Mar 2007	50% - 75%	1565185
Jonathan Keith Dockery	Member	1 Jan 2019	Other	6416799

Based in Maryville

The principal office where Leconte Wealth Management, LLC performs its advisory services is located at 703 William Blount Drive, Maryville, TN 37801, 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 (865) 379-8200 or by fax (865) 379-8045. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at lecontewealth.com.