Holderness Investments Co (Greensboro)

Name: Holderness Investments Co
Address: 2102 N. Elm Street, Greensboro, NC, 27408
Telephone: 336-574-1400

Holderness Investments Co is a large advisory firm based in Greensboro. It manages $257.52 million of regulatory assets for 496 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of North Carolina and Texas.

Holderness Investments provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Holderness Investments: assets under management

The assets under management (AUM) of Holderness Investments Co is $257.52 million. The firm's AUM has grown by 46% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $256.22 million in discretionary accounts and $1.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $534.9 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $76.64 thousand.

Holderness Investments has custody of $74.98 million in cash and securities for 89 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 16% of the firm’s portfolio. Investments in investment and business development companies form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Holderness Investments Co 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 Richard Thurston Holderness serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Richard Thurston Holderness is high net worth individuals with 89 clients and $222.07 million of assets under management. Among the 10 most similar advisory firms, Holderness Investments has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $249.59 million for 217 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.

Holderness Investments doesn't advise any private funds.

Careers at Holderness Investments Co

The company employs 6 people that are either part- or full-time employees. 67 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.

Richard Thurston Holderness has been acting as President since 1 Aug 1995. Kim Cummings Carson joined the executive team most recently as the Vice President/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Thurston Holderness	President	1 Aug 1995	75% - 100%	2664120
Kim Cummings Carson	Assistant portfolio mgr.	1 Sep 1995	Other	4356320
Kim Cummings Carson	Vice-president/chief compliance officer	1 Mar 2004	Other	4356320

Based in Greensboro

The principal office where Holderness Investments Co performs its advisory services is located at 2102 N. Elm Street, Greensboro, NC 27408, 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 336-574-1400 or by fax 336-574-1441. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at holdernessinvestments.com.