First Tennessee Advisory Services, Inc. (Memphis)

First Tennessee Advisory Services, Inc. is a large advisory firm based in Memphis. It manages $3.42 billion of regulatory assets for 3,728 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 23 other states.

First Tennessee Advisory Services provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, 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.

First Tennessee Advisory Services: assets under management

The assets under management (AUM) of First Tennessee Advisory Services, Inc. is $3.42 billion. The firm's AUM has grown by 1094% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.97 billion in discretionary accounts and $448.4 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $879.56 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.27 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Tennessee Advisory Services, Inc. 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 First Tennessee Advisory Services, Inc.

Karen Morton Kruse has been acting as President since 1 Apr 2007. Gerald William Laurain has served as the Chief Investment Officer since 1 Apr 2007. Paul Howard Mann joined the executive team most recently as the Chief Compliance Officer, President Brokerage Services.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Karen Morton Kruse	President	1 Apr 2007	Other	2862059
Rhomes C Aur	Director	1 Apr 2007	Other	4470169
Gerald William Laurain	Chief investment officer	1 Apr 2007	Other	843872
First Tennessee Bank National Association	Sole shareholder	1 Apr 2007	75% - 100%	62-0201385
Paul Howard Mann	Chief compliance officer	1 Sep 2007	Other	722488
Karen Morton Kruse	President, advisory services	1 Jun 2013	Other	2862059
Paul Howard Mann	Chief compliance officer, president brokerage services	1 Jun 2013	Other	722488
David T. Popwell	Director	1 Jun 2013	Other	4348329
Ottis Mims Clayton	Svp, coo	1 Jun 2013	Other	3162472

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
First Horizon National Coporation	Sole shareholder	1 Sep 1968	75% - 100%	62-0803242

Based in Memphis

The principal office where First Tennessee Advisory Services, Inc. performs its advisory services is located at 165 Madison Avenue, Memphis, TN 38103, 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 901-818-6065 or by fax 901-818-6099. The normal business hours are 8:00am to 5:00pm cst on Monday - Friday.