Sweeney Asset Management LLC (Brentwood)

Sweeney Asset Management LLC is a large advisory firm based in Brentwood. It manages $95.06 million of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Florida, Louisiana, and Tennessee.

Sweeney Asset Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sweeney Asset Management: assets under management

The assets under management (AUM) of Sweeney Asset Management LLC is $95.06 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 19% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $95.06 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.07 million each.

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 37% of the firm’s portfolio. Investments in exchange traded securities form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sweeney Asset Management LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Sweeney Asset Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Sweeney Asset Management is high net worth individuals with 16 clients and $64.65 million of assets under management. Among the 6 most similar advisory firms, Sweeney Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $66.13 million for 25 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.

Sweeney Asset Management doesn't advise any private funds.

Careers at Sweeney Asset Management LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
James Robert Sweeney	Manager/chief compliance officer	1 Mar 2004	75% - 100%	1485105
Llc Bdmj	Member	1 May 2004	Other	32-0117202

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Debra Jean Malkiewicz	Member	1 May 2004	25% - 50%	4804882
Joseph Wayne Barrett	Member	1 May 2004	25% - 50%	4804889
Herbert Michael Barrett	Member	1 May 2004	25% - 50%	4804892
Betty J Barrett	Member	1 Jun 2009	25% - 50%	5768650

Based in Brentwood

The principal office where Sweeney Asset Management LLC performs its advisory services is located at 911 Stuart Lane, Brentwood, TN 37027, 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 615-714-7264. The normal business hours are by appointment only on Monday - Friday.