Resource Advisory Services, Inc. (Knoxville)

Name: Resource Advisory Services, Inc.
Address: 2095 Lakeside Centre Way, Knoxville, TN, 37922
Telephone: 865-560-0140

Resource Advisory Services, Inc. is a large advisory firm based in Knoxville. It manages $101.77 million of regulatory assets for 450 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of Tennessee.

Resource Advisory Services provides financial planning services, portfolio management for individuals and small businesses, and advice on matters not involving securities.. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Resource Advisory Services: assets under management

The assets under management (AUM) of Resource Advisory Services, Inc. is $101.77 million. The firm's AUM has grown by 176% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $88.52 million in discretionary accounts and $13.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $220.74 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $270.5 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 81% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in other assets form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Resource Advisory Services, Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James David Lewis serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of James David Lewis is high net worth individuals with 35 clients and $88 million of assets under management. Among the 8 most similar advisory firms, Resource Advisory Services has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $100.76 million for 76 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.

Resource Advisory Services doesn't advise any private funds.

Careers at Resource Advisory Services, Inc.

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.

James David Lewis has been acting as President since 1 Mar 1985. Robert Bryan Hankla joined the executive team most recently as the Principal/Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James David Lewis	President/chief compliance officer(cco)	1 Mar 1985	75% - 100%	1281128
Christie Nance Lewis	Secretary	1 Jun 1998	Other	6073592
Robert Bryan Hankla	Principal/vice president	1 Nov 2012	Other	5322558

Based in Knoxville

The principal office where Resource Advisory Services, Inc. performs its advisory services is located at 2095 Lakeside Centre Way, Knoxville, TN 37922, 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 865-560-0140 or by fax 865-560-0150. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at resourceadv.com.