Medley & Brown,LLC (Ridgeland)


Medley & Brown,LLC is a large advisory firm based in Ridgeland. It manages $650.92 million of regulatory assets for 519 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama, Arkansas, Florida, and 6 other states.

Medley & Brown 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.

Medley & Brown: assets under management

The assets under management (AUM) of Medley & Brown,LLC is $650.92 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 129% since the beginning of its operation, and $1.3 million of the total AUM is attributable to clients outside of the United States.

The firm manages $650.92 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.25 million each.
Medley & Brown has custody of $124.49 million in cash and securities for 149 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 78% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% 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 Medley & Brown,LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Medley & Brown serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Medley & Brown is high net worth individuals with 159 clients and $406.31 million of assets under management. Among the 10 most similar advisory firms, Medley & Brown has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $650.68 million for 518 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.

Medley & Brown doesn't advise any private funds.

Careers at Medley & Brown,LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 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 compensates 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
Timothy Cox Medley Managing member 1 Oct 2004 Other 330982
Cecil Charlie Brown Chief compliance officer 1 Oct 2004 Other 2215849
Medley & Company Owner 1 Dec 2004 50% - 75% 64-0757468
Inc. Tim Medley Owner 1 Dec 2004 Other 20-1930154
Inc. Cecil Brown Owner 1 Mar 2006 Other 20-2756445
Inc. Jubilee Investments Owner 1 Mar 2006 Other 20-2737999
Inc. Jubilee Investments Owner 1 Jan 2008 Other 20-2737999
Edward L. Carlisle Chief compliance officer 1 Jan 2010 Other 5221093
Inc. Stockpile Owner 1 Jan 2011 Other 27-2376147
Inc. Edward Carlisle Owner 1 Dec 2011 Other 26-1705852

Indirect Owners

The SEC currently registers 8 indirect owners.

Name Entity Date acquired Ownership Employer ID
Timothy Cox Medley President 1 Apr 1988 75% - 100% 330982
Tim C. Medley President 1 Apr 1988 75% - 100% 105134
Timothy Cox Medley President 1 Dec 2004 75% - 100% 330982
Tim C. Medley President 1 Dec 2004 25% - 50% 20-1930154
Julius M Ridgway President 1 Apr 2005 75% - 100% 4283097
Cecil Charlie Brown President 1 Apr 2005 75% - 100% 2215849
Edward L. Carlisle President 1 Jan 2008 75% - 100% 5221093
Douglas Paul Muenzenmay President 1 Apr 2010 75% - 100% 2115817

Based in Ridgeland

The principal office where Medley & Brown,LLC performs its advisory services is located at 795 Woodlands Parkway Suite 104, Ridgeland, MS 39157 The mailing address of the firm is P. O. Box 16725, Jackson, MS 39236 6725. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 601-982-4123 or by fax 601-366-0013. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at medleybrown.com.