Vining Sparks Asset Management, LLC (Memphis)
Vining Sparks Asset Management, LLC is a large advisory firm based in Memphis. It manages $158.62 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of Tennessee.
Vining Sparks Asset Management provides portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Vining Sparks Asset Management: assets under management
The assets under management (AUM) of Vining Sparks Asset Management, LLC is $158.62 million. The firm's AUM has gone down by -84% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in government bonds the most. They account for 74% of the total AUM. The second-largest asset type is state and local bonds, which make up 15% of the firm’s portfolio. Investments in other assets form 6% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Vining Sparks Asset Management, LLC for their services and products based on a percentage of assets under management 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.
Careers at Vining Sparks Asset Management, LLC
The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
John Thomas Crawford has been acting as President since 1 Oct 2010. Irving Vincent Boberski has served as the Chief Investment Officer since 1 Oct 2010. Allen Joey Riggs joined the executive team most recently as the Chief Financial Officer.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 11 indirect owners.Based in Memphis
The principal office where Vining Sparks Asset Management, LLC performs its advisory services is located at 775 Ridge Lake Blvd., Memphis, TN 38120, 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 901-766-3000 or by fax 901-766-3290. The normal business hours are 8:00 to 5:00 on Monday - Friday. You can find more information about the New York firm at viningsparksam.com.
Registered investment advisers similar to Vining Sparks Asset Management, LLC
- Innovation Partners
- Geometric Wealth Advisors
- Bryan Advisory Services
- Strasbaugh Financial Advisory
- James Robert Martin
- Kolinsky Wealth Management
- Shaker Financial Services
- Rezny Wealth Management
- Banker Investment Group
- Navy Federal Asset Management
- Pettee Investors
- Hoey Investments
- P&A Fund Management
- P&A Capital Advisors
- Portfolio