Reliant Investment Management, LLC (Memphis)

Name: Reliant Investment Management, LLC
Address: 1715 Aaron Brenner Drive, Memphis, TN, 38120 1446
Telephone: 901-843-0600

Reliant Investment Management, LLC is a large advisory firm based in Memphis. It manages $927.94 million of regulatory assets for 410 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Louisiana, Mississippi, Tennessee, and Texas.

Reliant Investment Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and non-discretionary investment adviser to retirement plans. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Reliant Investment Management: assets under management

The assets under management (AUM) of Reliant Investment Management, LLC is $927.94 million. The firm's AUM has grown by 592% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $713.86 million in discretionary accounts and $214.09 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.75 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $107.04 million.

Reliant Investment Management has custody of $3.95 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 41% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 24% of the firm’s portfolio. Investments in exchange traded securities form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Reliant Investment Management, LLC 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 Reliant Investment Management serves?

The firm provides services to individuals, charitable organizations, and state or municipal government entities. The largest group of clients of Reliant Investment Management is state or municipal government entities with 15 clients and $372.66 million of assets under management. Among the 5 most similar advisory firms, Reliant Investment Management has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $672.06 million for 206 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.

Reliant Investment Management doesn't advise any private funds.

Careers at Reliant Investment Management, LLC

The company employs 10 people that are either part- or full-time employees. 60 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 5 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Richard Huffman	Vice manager and secretary	1 Feb 2001	25% - 50%	2455752
Susan Logan Huffman	Chief manager	1 Feb 2001	25% - 50%	2033809
Carl Norbert Weibel	Chief manager	1 Feb 2001	25% - 50%	2030741
Dennese Yother Black	Assistant secretary	1 Jul 2002	Other	2943768
Lon M. Magness	Vice manager and chief compliance officer	1 Dec 2002	Other	4348335

Based in Memphis

The principal office where Reliant Investment Management, LLC performs its advisory services is located at 1715 Aaron Brenner Drive, Memphis, TN 38120 1446, which is also the mailing address of the firm. An additional office of the firm is in Shreveport, LA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 901-843-0600 or by fax 901-843-0325. The normal business hours are 8 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at reliantllc.com.