Itrust Asset Management, LLC (Lexington)

Name: Itrust Asset Management, LLC
Address: 3320 Tates Creek Road, Lexington, KY, 40502
Telephone: 859-425-1222

Itrust Asset Management, LLC is a large advisory firm based in Lexington. It manages $107.08 million of regulatory assets for 336 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Kentucky, Louisiana, and Texas.

Itrust Asset Management provides financial planning services, 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.

Itrust Asset Management: assets under management

The assets under management (AUM) of Itrust Asset Management, LLC is $107.08 million. The firm's AUM has grown by 124% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $106.65 million in discretionary accounts and $430.83 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $319.31 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $215.42 thousand.

Itrust Asset Management has custody of $107.08 million in cash and securities for 336 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Itrust Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients Itrust Asset Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Itrust Asset Management is individuals with 309 clients and $49.41 million of assets under management. Among the 9 most similar advisory firms, Itrust Asset Management has the 4th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $107.08 million for 336 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.

Itrust Asset Management doesn't advise any private funds.

Careers at Itrust Asset Management, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Todd Stricklin	Managing member and chief compliance officer	1 Apr 2012	25% - 50%	2853219
John Francis Gettler	Managing member	1 Apr 2012	25% - 50%	1013865
William B Conner	Managing member	1 Apr 2012	25% - 50%	2158220
Joseph Todd Stricklin	Managing member and chief compliance officer	1 May 2012	25% - 50%	2853219
John Francis Gettler	Managing member	1 May 2012	25% - 50%	1013865
William Beltzhoover Conner	Managing member	1 May 2012	25% - 50%	2158220

Based in Lexington

The principal office where Itrust Asset Management, LLC performs its advisory services is located at 3320 Tates Creek Road, Lexington, KY 40502, 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 859-425-1222 or by fax 859-425-1221. The normal business hours are 9:00am-4:30pm on Monday - Friday. You can find more information about the New York firm at itrustonline.com.