Eton Advisors Group, LLC (Chapel Hill)

Name: Eton Advisors Group, LLC
Address: 5915 Farrington Road,, Chapel Hill, NC, 27517
Telephone: 919-442-1550

Eton Advisors Group, LLC is a large advisory firm based in Chapel Hill. It manages $1.47 billion of regulatory assets for 143 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, Illinois, Maryland, and 4 other states.

Eton Advisors Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, selection of other advisers, publication of newsletters, and family office 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.

Eton Advisors Group: assets under management

The assets under management (AUM) of Eton Advisors Group, LLC is $1.47 billion. The firm's AUM has gone down by -7% since the beginning of its operation, and $449.54 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.04 billion in discretionary accounts and $434.26 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $9.28 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $14.01 million.

Eton Advisors Group has custody of $634.27 million in cash and securities for 120 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 43% of the total AUM. The second-largest asset type is investment and business development companies, which make up 29% of the firm’s portfolio. Investments in pooled investment vehicles form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Eton Advisors Group, LLC for their services and products based on a percentage of assets under management 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 Teresa Eriksson serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Teresa Eriksson is high net worth individuals with 75 clients and $450.14 million of assets under management. Among the 9 most similar advisory firms, Eton Advisors Group has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $668.71 million for 104 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Eton Advisors Group also advises several private funds. Namely, five hedge funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Eton Advisors Group, LLC

The company employs 11 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. No 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.

Teresa Eriksson has been acting as President since 1 Jul 2017. William Jackson Parham has served as the Chief Investment Officer since 1 Jul 2017. Focus Financial Partners Inc. joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Edward Mallernee	Ceo & cco	1 Jul 2017	Other	5114053
William Jackson Parham	Chief investment officer	1 Jul 2017	Other	1798332
Teresa Eriksson	President	1 Jul 2017	Other	5671462
Llc Focus Formation Holdings	Member (manager)	1 Jul 2017	75% - 100%	82-2237678
Llc Focus Operating	Member (manager)	1 Sep 2017	75% - 100%	20-8161914

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Llc Trident Ffp Blocker	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Chapel Hill

The principal office where Eton Advisors Group, LLC performs its advisory services is located at 5915 Farrington Road,, Chapel Hill, NC 27517, 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 919-442-1550 or by fax 919-442-1530. The normal business hours are 8:30 a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at etonadvisors.com and its LinkedIn profile.