Tull Financial Group, Inc. (Chesapeake)

Name: Tull Financial Group, Inc.
Address: 640 Independence Parkway, Chesapeake, VA, 23320 5205
Telephone: (757)436-1122

Tull Financial Group, Inc. is a large advisory firm based in Chesapeake. It manages $183.57 million of regulatory assets for 816 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, North Carolina, Texas, and Virginia.

Tull Financial Group provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Tull Financial Group: assets under management

The assets under management (AUM) of Tull Financial Group, Inc. is $183.57 million. The firm's AUM has grown by 242% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $180.46 million in discretionary accounts and $3.11 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $238.39 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $52.72 thousand.

Tull Financial Group has custody of $51.43 million in cash and securities for 100 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tull Financial Group, Inc. 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 Robert White Tull serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Robert White Tull is high net worth individuals with 64 clients and $112.15 million of assets under management. Among the 12 most similar advisory firms, Tull Financial Group has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $176.69 million for 233 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.

Tull Financial Group doesn't advise any private funds.

Careers at Tull Financial Group, Inc.

The company employs 7 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. 2 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.

Robert White Tull has been acting as President since 1 Feb 1989. Kirstin Lynn Hark joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert White Tull	President	1 Feb 1989	50% - 75%	1387893
Cathy Climpson Tull	Director; secretary	1 Feb 1989	50% - 75%	4386024
Kirstin Lynn Hark	Chief compliance officer	1 Jun 2004	Other	4714916
Terry Lee Crawford	Chief compliance officer	1 Jan 2015	Other	6457662
Kirstin Lynn Hark	Chief compliance officer	1 Jul 2015	Other	4714916

Based in Chesapeake

The principal office where Tull Financial Group, Inc. performs its advisory services is located at 640 Independence Parkway, Chesapeake, VA 23320 5205, 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 (757)436-1122 or by fax (757)436-1803. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at tullfinancial.com.