Thetford Investment Management, Inc. (Richmond)

Thetford Investment Management, Inc. is an adviser based in Richmond. It manages $76.86 million of regulatory assets for 90 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of North Carolina and Virginia.

Thetford Investment Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Thetford Investment Management: assets under management

The assets under management (AUM) of Thetford Investment Management, Inc. is $76.86 million. The firm's AUM has gone down by -23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $75.43 million in discretionary accounts and $1.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $919.92 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $177.85 thousand.

Thetford Investment Management has custody of $11.93 million in cash and securities for 19 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment grade corporate bonds the most. They account for 29% of the total AUM. The second-largest asset type is state and local bonds, which make up 25% of the firm’s portfolio. Investments in exchange traded securities form 19% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Thetford Investment Management, Inc. for their services and products based on a percentage of assets under management. 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 Thetford Investment Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Thetford Investment Management is high net worth individuals with 21 clients and $64.3 million of assets under management. Among the 5 most similar advisory firms, Thetford Investment Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $76.86 million for 59 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.

Thetford Investment Management doesn't advise any private funds.

Careers at Thetford Investment Management, Inc.

The company employs 2 people that are either part- or full-time employees. 50 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 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
Inc. Thetford Financial Services	Parent corporation	1 Sep 1986	75% - 100%	54-1385028
Michael Bradley Blaylock	Director, vp	1 Sep 1986	Other	1605631
John Sigurd Nielsen	Director, president	1 Sep 1986	Other	1605636
Charles Hylton Neal	Shareholder, director	1 Sep 1986	Other	1605634
Richard Albert Urban	Shareholder, tfs	1 Sep 1986	Other	1605632
John Francis Pataki	Chief compliance officer	1 Oct 2004	Other	4954327
James Derrick Wreden	Chief compliance officer/portfolio manager	1 Jul 2017	Other	6567129

Based in Richmond

The principal office where Thetford Investment Management, Inc. performs its advisory services is located at 5516 Falmouth Street, Richmond, VA 23230 1819, 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 804-782-9338 or by fax 804-643-8206. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday.