Norris Financial Group, LLC (Greenville)

Name: Norris Financial Group, LLC
Address: 605 N. Main Street, Greenville, SC, 29601
Telephone: 864-235-6408

Norris Financial Group, LLC is a large advisory firm based in Greenville. It manages $117.5 million of regulatory assets for 486 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Louisiana, Ohio, and South Carolina.

Norris Financial Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Norris Financial Group: assets under management

The assets under management (AUM) of Norris Financial Group, LLC is $117.5 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 151% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $117.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $241.77 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 57% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Norris Financial Group, 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 Norris Financial Group serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Norris Financial Group is high net worth individuals with 40 clients and $73.45 million of assets under management. Among the 7 most similar advisory firms, Norris Financial Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $117.33 million for 328 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.

Norris Financial Group doesn't advise any private funds.

Careers at Norris Financial Group, LLC

The company employs 5 people that are either part- or full-time employees. 60 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
Corp. Terry L. Norris Financial Services	Member	1 Dec 1999	75% - 100%	58-2280206
Terry Lynn Norris	Chief compliance officer	1 Mar 2007	Other	841386

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Terry Lynn Norris	President	1 Mar 1997	75% - 100%	841386

Based in Greenville

The principal office where Norris Financial Group, LLC performs its advisory services is located at 605 N. Main Street, Greenville, SC 29601, 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 864-235-6408 or by fax 864-235-1186. The normal business hours are 8:30 a.m. to 5:00 p.m. on Other. You can find more information about the New York firm at facebook.com/norrisfinancialgroup/.