Banes Capital Management, LLC (Memphis)

Name: Banes Capital Management, LLC
Address: 6410 Poplar Avenue, Memphis, TN, 38119 4836
Telephone: 901-261-5900

Banes Capital Management, LLC is a large advisory firm based in Memphis. It manages $275 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Tennessee, and Texas.

Banes Capital Management provides private investment fund. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Banes Capital Management: assets under management

The assets under management (AUM) of Banes Capital Management, LLC is $275 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 836% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $275 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $91.67 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Banes Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based 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.

What kind of clients John David Hanover serves?

The only and largest group of clients of John David Hanover is pooled investment vehicles with 3 clients and $275 million of assets under management. Among the 7 most similar advisory firms, Banes Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $275 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Banes Capital Management also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Banes Capital Management, LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

John David Hanover has been acting as President since 1 Feb 2012. George Douglas Ingram joined the executive team most recently as the Managing Director Funds Management.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joel Leigh Banes	Managing member	1 Dec 2004	50% - 75%	1279396
Sharon Jones Dunn	Chief compliance officer	1 Dec 2006	Other	821918
Margaret Tivisay Briceno	Chief compliance officer	1 Jul 2008	Other	2268995
Michael Warner Kochman	Vice president	1 Oct 2008	Other	4404110
Kevin E Bentley	Chief compliance officer	1 Aug 2011	Other	2968193
George Douglas Ingram	Managing director funds management	1 Oct 2011	Other	1317240
John David Hanover	President	1 Feb 2012	50% - 75%	6011724
John David Hanover	President	1 Feb 2015	Other	6011724

Based in Memphis

The principal office where Banes Capital Management, LLC performs its advisory services is located at 6410 Poplar Avenue, Memphis, TN 38119 4836, 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 901-261-5900 or by fax 901-261-5999. The normal business hours are 8-4:30 on Monday - Friday. You can find more information about the New York firm at banescapital.com.