Intrepid Capital Management Inc (Jacksonville Beach)

Name: Intrepid Capital Management Inc
Address: 1400 Marsh Landing Parkway Ste 106, Jacksonville Beach, FL, 32250
Telephone: 904-246-3433

Intrepid Capital Management Inc is a large advisory firm based in Jacksonville Beach. It manages $501.68 million of regulatory assets for 298 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida and Texas.

Intrepid Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Intrepid Capital Management: assets under management

The assets under management (AUM) of Intrepid Capital Management Inc is $501.68 million. The firm's AUM has grown by 378% since the beginning of its operation, and $432.15 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $489.23 million in discretionary accounts and $12.45 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.9 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $311.21 thousand.

Intrepid Capital Management has custody of $35.53 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 49% of the total AUM. The second-largest asset type is exchange traded securities, which make up 36% of the firm’s portfolio. Investments in government bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Intrepid Capital Management Inc for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mark Forrest Travis serves?

The firm provides services to individuals, investment companies, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mark Forrest Travis is investment companies with 6 clients and $422.07 million of assets under management. Among the 11 most similar advisory firms, Intrepid Capital Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $501.68 million for 132 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

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

Careers at Intrepid Capital Management Inc

The company employs 16 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Mark Forrest Travis has been acting as President since 1 Oct 1994. Elizabeth Paula Holbrook joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Forrest Travis	President/ceo	1 Oct 1994	Other	1353458
Intrepid Capital Corporation	Parent corporation	1 Dec 1998	75% - 100%	59-3546446
Eric Kent Cinnamond	Vice president	1 Dec 1998	Other	4359759
Gregory Michael Estes	Treasurer/portfolio manager	1 Sep 2000	Other	4359754
Jack Alan Ablin	Managin director	1 Nov 2000	Other	4359773
Richard Raymond Zanghetti	Senior vice president/portfolio manager	1 Jan 2001	Other	1568357
Jerry Henry Tempelman	Portfolio manager/high yield analyst	1 Jun 2002	Other	2707014
David Marshall Brock	Vice president, sales & marketing	1 Jul 2002	Other	2194378
Amy Allen Lord	Vice president, portfolio manager	1 Jul 2002	Other	2269391
Fred John Shockley	Senior vice president	1 Jul 2002	Other	1927150
Donald Charles White	Cfo/chief compliance officer	1 Sep 2003	Other	4745801
Jayme Clark Wiggins	Vice president/high yield analyst	1 Sep 2005	Other	2895904
Matthew Thomas Berquist	Chief operations officer	1 May 2016	Other	3126351
Elizabeth Paula Holbrook	Chief compliance officer	1 Mar 2017	Other	6793139

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Otis Forrest Travis	Chairman	1 Apr 1998	25% - 50%	448967
Raymond Knight Mason	Shareholder	1 Dec 2010	25% - 50%	2736580

Based in Jacksonville Beach

The principal office where Intrepid Capital Management Inc performs its advisory services is located at 1400 Marsh Landing Parkway Ste 106, Jacksonville Beach, FL 32250, 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 904-246-3433 or by fax 904-246-3533. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at intrepidcapital.net.