Thoroughbred Financial Services, LLC (Brentwood)

Name: Thoroughbred Financial Services, LLC
Address: 5110 Maryland Way, Suite 300, Brentwood, TN, 37027 7508
Telephone: 615-371-0001

Thoroughbred Financial Services, LLC is a large advisory firm based in Brentwood. It manages $1.72 billion of regulatory assets for 5,141 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, California, Colorado, and 15 other states.

Thoroughbred Financial Services provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Thoroughbred Financial Services: assets under management

The assets under management (AUM) of Thoroughbred Financial Services, LLC is $1.72 billion. The firm's AUM has grown by 181% since the beginning of its operation, and $516 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $1.15 billion in discretionary accounts and $571.87 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $309.56 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $399.91 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 47% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 31% of the firm’s portfolio. Investments in exchange traded securities form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Thoroughbred Financial Services, LLC for their services and products based on a percentage of assets under management, fixed fees, and commissions. 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 Thoroughbred Financial Services serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Thoroughbred Financial Services is high net worth individuals with 540 clients and $757.99 million of assets under management. Among the 8 most similar advisory firms, Thoroughbred Financial Services has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.72 billion for 2,484 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.

Thoroughbred Financial Services doesn't advise any private funds.

Careers at Thoroughbred Financial Services, LLC

The company employs 32 people that are either part- or full-time employees. 97 percent of the employees work as investment advisers or researchers. 31 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Jenkins Parker	President, ceo	1 Jun 1999	Other	356789
Jack Clark Jr Herndon	Executive v.p. securities	1 Jun 1999	Other	1286530
Parker Family Trust	Member	1 Jun 1999	25% - 50%	62-6359990
Susan Sweeney Parker	Trustee of parker family trust	1 Jun 1999	Other	3265529
Lawrence Randall Hartley	Member	1 Jun 1999	Other	1235172
John Sexton Atkins	Member	1 Jun 1999	Other	709695
William Allen Weddington	Member	1 Jun 1999	Other	709720
Barry Gene Steele	Member	1 Jun 1999	Other	1000525
Patrick Gibbons Parker	Member	1 Jun 1999	Other	709713
Daniel James Kelly	V.p. operations - chief compliance officer, financial operations principal	1 Jun 1999	Other	2378762

Based in Brentwood

The principal office where Thoroughbred Financial Services, LLC performs its advisory services is located at 5110 Maryland Way, Suite 300, Brentwood, TN 37027 7508, which is also the mailing address of the firm. An additional office of the firm is in Knoxville, TN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 615-371-0001 or by fax 615-371-0184. The normal business hours are 8:30-5:30 on Monday - Friday. You can find more information about the New York firm at thoroughbredfinancial.com.