Garrett Investment Advisors, LLC (Manhattan)

Name: Garrett Investment Advisors, LLC
Address: 1107 Hylton Heights Rd, Manhattan, KS, 66502
Telephone: 910-333-6659

Garrett Investment Advisors, LLC is a large advisory firm based in Manhattan. It manages $108.65 million of regulatory assets for 496 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Arkansas, California, Colorado, and 22 other states.

Garrett Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Garrett Investment Advisors: assets under management

The assets under management (AUM) of Garrett Investment Advisors, LLC is $108.65 million. The firm's AUM has grown by 5958% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $85.79 million in discretionary accounts and $22.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $245.11 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $156.58 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 12% of the firm’s portfolio. Investments in exchange traded securities form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Garrett Investment Advisors, 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 Justin Wayne Nichols 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 Justin Wayne Nichols is high net worth individuals with 33 clients and $60.64 million of assets under management. Among the 13 most similar advisory firms, Garrett Investment Advisors has the 6th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $108.65 million for 181 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.

Garrett Investment Advisors doesn't advise any private funds.

Careers at Garrett Investment Advisors, LLC

The company employs 41 people that are either part- or full-time employees. 98 percent of the employees work as investment advisers or researchers. 39 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.

Justin Wayne Nichols has been acting as President since 1 Oct 2011. Michael Lawrence Greim joined the executive team most recently as the Principal, Chief Investment Officer & Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Sheryl Diane Garrett	Chief executive officer/chief compliance officer/managing member	1 Oct 2011	50% - 75%	1631873
Justin Wayne Nichols	President/chief operating officer/managing member	1 Oct 2011	50% - 75%	5469690
Mary Elizabeth Harris King	Chief compliance officer	1 Nov 2011	Other	4099056
Michael Lawrence Greim	Principal, chief investment officer & chief compliance officer	1 Jan 2019	Other	2585181
Llc Cgn Companies	Managing member	1 Jan 2019	75% - 100%	83-3361245
Chad Edward Chase	Principal	1 Jan 2019	Other	6612151

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Justin Wayne Nichols	Member	1 Jan 2019	25% - 50%	5469690

Based in Manhattan

The principal office where Garrett Investment Advisors, LLC performs its advisory services is located at 1107 Hylton Heights Rd, Manhattan, KS 66502, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 910-333-6659 or by fax 910-378-1808. The normal business hours are by appointment only on Other. You can find more information about the New York firm at fredricksonfinancial.com and its LinkedIn profile.