Ewing Asset Management, LLC (Charlotte)

Ewing Asset Management, LLC is a large advisory firm based in Charlotte. It manages $122.45 million of regulatory assets for 112 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida and North Carolina.

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

Ewing Asset Management: assets under management

The assets under management (AUM) of Ewing Asset Management, LLC is $122.45 million. The firm's AUM has grown by 16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $109.53 million in discretionary accounts and $12.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.39 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $391.5 thousand.

Ewing Asset Management has custody of $2.34 million in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 40% of the total AUM. The second-largest asset type is exchange traded securities, which make up 38% of the firm’s portfolio. Investments in other assets form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ewing Asset Management, LLC 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 Robert Allen Hewett serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Robert Allen Hewett is high net worth individuals with 62 clients and $106.31 million of assets under management. Among the 11 most similar advisory firms, Ewing Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $122.45 million for 112 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.

Ewing Asset Management also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Ewing Asset Management, LLC

The company employs 6 people that are either part- or full-time employees. 50 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.

Robert Allen Hewett has been acting as President since 1 Jan 2016. Samuel Drayton Haskell joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Tamarah Daniel Jones	Chief compliance officer	1 Jun 2012	Other	4237020
Robert Allen Hewett	President/chief investment officer	1 Jan 2016	50% - 75%	2194090
David Whitney Jackson	Partner	1 Mar 2016	75% - 100%	1213535
Laura Marshall	Cfo	1 Mar 2016	Other	1443455
Allen R Hewitt	President	1 Mar 2016	50% - 75%	6442174
Samuel Drayton Haskell	Chief operating officer	1 Jul 2016	Other	2632749

Based in Charlotte

The principal office where Ewing Asset Management, LLC performs its advisory services is located at 112 South Tryon Street, Charlotte, NC 28284, which is also the mailing address of the firm. An additional office of the firm is in Jacksonville, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 704-332-2032 or by fax 704-332-2092. The normal business hours are 9:00am - 5:00pm on Monday - Friday.