Carson Advisory, Inc. (Athens)

Name: Carson Advisory, Inc.
Address: 470 Hill St., Athens, GA, 30601
Telephone: 706-543-6578

Carson Advisory, Inc. is a large advisory firm based in Athens. It manages $447.25 million of regulatory assets for 1,681 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, California, Florida, and 11 other states.

Carson Advisory provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Carson Advisory: assets under management

The assets under management (AUM) of Carson Advisory, Inc. is $447.25 million. The firm's AUM has grown by 24% since the beginning of its operation, and $2.43 million of the total AUM is attributable to clients outside of the United States.

The firm manages $341.2 million in discretionary accounts and $106.05 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $271.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $250.71 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 26% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Carson Advisory, Inc. 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 Robert Howard Carson serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Robert Howard Carson is high net worth individuals with 118 clients and $239.36 million of assets under management. Among the 7 most similar advisory firms, Carson Advisory has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $447.25 million for 970 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Carson Advisory doesn't advise any private funds.

Careers at Carson Advisory, Inc.

The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 6 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
Robert Howard Carson	President/chief compliance officer	1 Jan 2000	75% - 100%	1013355

Based in Athens

The principal office where Carson Advisory, Inc. performs its advisory services is located at 470 Hill St., Athens, GA 30601, 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 706-543-6578 or by fax 706-543-6579. The normal business hours are 8:30-5:30 on Monday - Friday. You can find more information about the New York firm at carsonadv.com.