Eastover Investment Advisors, LLC (Charlotte)

Name: Eastover Investment Advisors, LLC
Address: 509 Fenton Place, Charlotte, NC, 28207
Telephone: 704-336-6818

Eastover Investment Advisors, LLC is a large advisory firm based in Charlotte. It manages $180.21 million of regulatory assets for 464 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Indiana, North Carolina, South Carolina, and Texas.

Eastover Investment Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Eastover Investment Advisors: assets under management

The assets under management (AUM) of Eastover Investment Advisors, LLC is $180.21 million. The firm's AUM has grown by 23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $172.73 million in discretionary accounts and $7.47 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $397.09 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $257.62 thousand.

Eastover Investment Advisors has custody of $65.51 million in cash and securities for 44 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 18% of the firm’s portfolio. Investments in state and local bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Eastover Investment Advisors, LLC 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 Eastover Investment Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Eastover Investment Advisors is high net worth individuals with 120 clients and $153.31 million of assets under management. Among the 7 most similar advisory firms, Eastover Investment Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $159.55 million for 143 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.

Eastover Investment Advisors doesn't advise any private funds.

Careers at Eastover Investment Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 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.

Eastover Investment Advisors, LLC is owned by Yancey Williams Mackey. Charles Wesley Roberts joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Carla Mercedes Roach	Chief compliance officer	1 Jun 2009	Other	4201936
Llc Faim Investments	Owner	1 Jun 2009	25% - 50%	58-2584517
Miron Herbert Allen	Executive committee member	1 Jun 2009	Other	1561147
Richard Gordon Mooney	Executive committee member	1 Jun 2009	Other	1557033
Sandra Bradley Carlson	Executive committee member	1 Jun 2009	Other	4507978
Robby Lee Pitts	Member	1 Jul 2009	Other	2914843
Gordon Daniel Macquirter	Member	1 Jul 2009	Other	4561568
David Jerome Morgan	Managing member	1 Jul 2009	Other	4364710
Travis Stanley Barnes	Member	1 Jul 2009	Other	2158191
J Steven Johnson	Member	1 Jul 2009	Other	5700750
Pamela Anne Cundle	Member	1 Jul 2009	Other	5700747
Kate Ireland	Member	1 Jul 2009	Other	4399396
Yancey Williams Mackey	Owner/ceo	1 Mar 2015	75% - 100%	2370209

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Miron Herbert Allen	Managing partner	1 Jan 2001	Other	1561147
Richard Gordon Mooney	Managing partner	1 Jan 2001	Other	1557033
Kate Ireland	Shareholder	1 Jan 2001	Other	4399396
John Powell Frazee	Shareholder	1 Jan 2001	Other	4399394
Travis Stanley Barnes	Managing member	1 Sep 2005	Other	2158191
Charles Wesley Roberts	Member	1 Oct 2012	Other	6005417

Based in Charlotte

The principal office where Eastover Investment Advisors, LLC performs its advisory services is located at 509 Fenton Place, Charlotte, NC 28207, 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 704-336-6818 or by fax 704-336-6824. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at eastoverwealth.com.