Kraft Asset Management, LLC (Nashville)

Name: Kraft Asset Management, LLC
Address: 555 Great Circle Road, Nashville, TN, 37228
Telephone: 615-346-2437

Kraft Asset Management, LLC is a large advisory firm based in Nashville. It manages $357.71 million of regulatory assets for 581 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Louisiana, Tennessee, and Texas.

Kraft Asset Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kraft Asset Management: assets under management

The assets under management (AUM) of Kraft Asset Management, LLC is $357.71 million. The firm's AUM has grown by 340% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $357.19 million in discretionary accounts and $528.78 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $625.54 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $52.88 thousand.

Kraft Asset Management has custody of $4.57 million in cash and securities for 5 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 56% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 19% of the firm’s portfolio. Investments in state and local bonds form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kraft Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kraft Asset Management 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 Kraft Asset Management is high net worth individuals with 99 clients and $312.5 million of assets under management. Among the 9 most similar advisory firms, Kraft Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $357.71 million for 211 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.

Kraft Asset Management doesn't advise any private funds.

Careers at Kraft Asset Management, LLC

The company employs 7 people that are either part- or full-time employees. 100 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 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
Pllc Kraftcpas	Member	1 Dec 2000	75% - 100%	62-0713250
Pllc Kraft Cpas	Member	1 Dec 2000	75% - 100%	62-0713250
Stephen Patterson High	Chief manager	1 Dec 2001	Other	1266152
Vic Lamon Alexander	Secretary	1 Dec 2001	Other	4502077
Richard Evan Flohr	Chief compliance officer	1 Apr 2006	Other	3215202
Cortney Ann Cost	Chief compliance officer	1 Nov 2017	Other	4573767

Based in Nashville

The principal office where Kraft Asset Management, LLC performs its advisory services is located at 555 Great Circle Road, Nashville, TN 37228, which is also the mailing address of the firm. An additional office of the firm is in Columbia, TN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 615-346-2437 or by fax 615-634-2554. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at thebamalliance.com and its LinkedIn profile.