Mercantile Advisors I, LLC (Wichita Falls)

Name: Mercantile Advisors I, LLC
Address: 901 Indiana Ave, Wichita Falls, TX, 76301
Telephone: 940-723-5565

Mercantile Advisors I, LLC is a large advisory firm based in Wichita Falls. It manages $107.69 million of regulatory assets for 73 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Texas.

Mercantile Advisors I provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mercantile Advisors I: assets under management

The assets under management (AUM) of Mercantile Advisors I, LLC is $107.69 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -46% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $107.69 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.48 million each.

Investments

The firm invests in investment and business development companies the most. They account for 30% of the total AUM. The second-largest asset type is state and local bonds, which make up 29% of the firm’s portfolio. Investments in exchange traded securities form 27% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Mercantile Advisors I, LLC for their services and products based on a percentage of assets under management. 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 Mercantile Advisors I serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mercantile Advisors I is high net worth individuals with 26 clients and $74.31 million of assets under management. Among the 11 most similar advisory firms, Mercantile Advisors I has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $107.69 million for 73 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.

Mercantile Advisors I doesn't advise any private funds.

Careers at Mercantile Advisors I, LLC

The company employs 3 people that are either part- or full-time employees. 67 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Jacob Ford	Cco, president, sole member	1 Jul 2012	75% - 100%	1951895
Gloria Ann Bohannon	Vice president	1 Jul 2012	Other	1938011

Based in Wichita Falls

The principal office where Mercantile Advisors I, LLC performs its advisory services is located at 901 Indiana Ave, Wichita Falls, TX 76301 The mailing address of the firm is 901 Indiana Ave, Wichita Falls, TX 76301. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 940-723-5565 or by fax 940-322-3887. The normal business hours are 8:30 to 4:30 on Monday - Friday. You can find more information about the New York firm at herbsmith.com.