Knox Wealth Partners Advisory, LLC (Knoxville)

Name: Knox Wealth Partners Advisory, LLC
Address: 10710 Murdock Drive, Knoxville, TN, 37932
Telephone: (865) 291-2422

Knox Wealth Partners Advisory, LLC is a large advisory firm based in Knoxville. It manages $132 million of regulatory assets for 870 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, Georgia, Kentucky, and 5 other states.

Knox Wealth Partners Advisory provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Knox Wealth Partners Advisory: assets under management

The assets under management (AUM) of Knox Wealth Partners Advisory, LLC is $132 million. The firm's AUM has grown by 14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $17 million in discretionary accounts and $115 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $74.89 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $178.85 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 78% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Knox Wealth Partners Advisory, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Knox Wealth Partners Advisory serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Knox Wealth Partners Advisory is individuals with 830 clients and $74 million of assets under management. Among the 10 most similar advisory firms, Knox Wealth Partners Advisory has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $132 million for 870 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.

Knox Wealth Partners Advisory doesn't advise any private funds.

Careers at Knox Wealth Partners Advisory, LLC

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 7 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Arthur Timm	Managing member / chief compliance officer	1 May 2017	Other	3233169
William Porter Alexander	Managing member / alternative regulatory contact	1 May 2017	Other	4151849
Kristen Terry Tucker	Managing member	1 May 2017	Other	4266988
Charles Ford Farmer	Managing member	1 May 2017	Other	2245087
Jack Russell Meece	Managing member	1 May 2017	Other	4729386
Brian Lee Russell	Managing member	1 May 2017	Other	3267319

Based in Knoxville

The principal office where Knox Wealth Partners Advisory, LLC performs its advisory services is located at 10710 Murdock Drive, Knoxville, TN 37932, 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 (865) 291-2422 or by fax (865) 291-2480. The normal business hours are 8:30 - 5:00 on Monday - Friday. You can find more information about the New York firm at knoxwealthpartners.com.