Coker & Palmer, Inc. (Jackson)

Name: Coker & Palmer, Inc.
Address: 1667 Lelia Drive, Jackson, MS, 39216
Telephone: 601-354-0860

Coker & Palmer, Inc. is a large advisory firm based in Jackson. It manages $186.52 million of regulatory assets for 591 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Louisiana, Mississippi, Tennessee, and Texas.

Coker & Palmer provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Coker & Palmer: assets under management

The assets under management (AUM) of Coker & Palmer, Inc. is $186.52 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 70% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $186.52 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $315.6 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is investment and business development companies, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Coker & Palmer, Inc. for their services and products based on a percentage of assets under management, fixed fees, and commissions. 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 James David Coker serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of James David Coker is high net worth individuals with 122 clients and $99.22 million of assets under management. Among the 8 most similar advisory firms, Coker & Palmer has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $176.5 million for 581 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.

Coker & Palmer doesn't advise any private funds.

Careers at Coker & Palmer, Inc.

The company employs 34 people that are either part- or full-time employees. 35 percent of the employees work as investment advisers or researchers. 9 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.

James David Coker has been acting as President since 1 Sep 1991. James Young Palmer joined the executive team most recently as the Secretary/Tresurer, Sr. Reg Options Prin., Compliance Reg Opt Prin.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James David Coker	Chief executive officer / chief financial operations officer / chief legal officer / cco/president	1 Sep 1991	50% - 75%	1238444
James Young Palmer	Secretary/tresurer, sr. reg options prin., compliance reg opt prin	1 May 1996	50% - 75%	355620

Based in Jackson

The principal office where Coker & Palmer, Inc. performs its advisory services is located at 1667 Lelia Drive, Jackson, MS 39216, 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 601-354-0860 or by fax 601-354-0857. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at cokerpalmer.com/.