Cannon Financial Strategists, Inc. (Athens)

Name: Cannon Financial Strategists, Inc.
Address: 649 8 South Milledge Ave, Athens, GA, 30605
Telephone: 706-548-3422

Cannon Financial Strategists, Inc. is a large advisory firm based in Athens. It manages $577.97 million of regulatory assets for 1,566 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdiction of Georgia.

Cannon Financial Strategists provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cannon Financial Strategists: assets under management

The assets under management (AUM) of Cannon Financial Strategists, Inc. is $577.97 million. The firm's AUM has grown by 354% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $550.8 million in discretionary accounts and $27.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $392.59 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $166.7 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 63% of the total AUM. The second-largest asset type is other assets, which make up 29% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cannon Financial Strategists, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Aubrey Sutton Garrison 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 Aubrey Sutton Garrison is high net worth individuals with 159 clients and $350.13 million of assets under management. Among the 5 most similar advisory firms, Cannon Financial Strategists has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $577.97 million for 397 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.

Cannon Financial Strategists doesn't advise any private funds.

Careers at Cannon Financial Strategists, Inc.

The company employs 24 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 12 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.

Cannon Financial Strategists, Inc. is owned by Kim Young. Aubrey Sutton Garrison has been acting as President since 1 Jan 2011. Jeffrey Jon Young joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
George Hamilton Williams	Managing partner	1 Jan 1984	50% - 75%	710072
Robert Allan Bisplinghoff	Partner	1 Jan 1984	50% - 75%	843236
George Hamilton Williams	President	1 Dec 2004	50% - 75%	710072
Jr. Joe Burwell Stallings	Chief compliance officer	1 Dec 2004	Other	4637065
Aubrey Sutton Garrison	Cfo	1 Jan 2005	Other	1060558
David Alvin Conine	Director	1 Jan 2006	Other	1414662
Jeffrey Jon Young	Director	1 Jan 2006	Other	4712342
Jr. Joe Burwell Stallings	Chief compliance officer/president	1 Feb 2007	Other	4637065
Joe Burwell Stallings	Owner	1 Feb 2007	Other	4637065
Kim Young	Owner	1 Jan 2010	25% - 50%	6093458
Aubrey Sutton Garrison	Director	1 Jan 2011	Other	1060558
Kelly L Dixon	Chief compliance officer, cfo	1 Jan 2011	25% - 50%	5854982
George Hamilton Williams	Owner	1 Jun 2011	Other	710072
Nancy Williams	Owner	1 Jun 2011	Other	6092115
Jeffrey Jon Young	President	1 Jan 2012	Other	4712342

Based in Athens

The principal office where Cannon Financial Strategists, Inc. performs its advisory services is located at 649 8 South Milledge Ave, Athens, GA 30605, which is also the mailing address of the firm. An additional office of the firm is in Albany, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 706-548-3422 or by fax 706-548-4526. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at cannonplanners.com/.