Rather & Kittrell, Inc. (Knoxville)

Name: Rather & Kittrell, Inc.
Address: 11905 Kingston Pike, Knoxville, TN, 37934
Telephone: 865-218-8400

Rather & Kittrell, Inc. is a large advisory firm based in Knoxville. It manages $728.22 million of regulatory assets for 1,919 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Florida, Georgia, Hawaii, and 5 other states.

Rather & Kittrell provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and consulting. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Rather & Kittrell: assets under management

The assets under management (AUM) of Rather & Kittrell, Inc. is $728.22 million. The firm's AUM has grown by 436% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $468.18 million in discretionary accounts and $260.05 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $253.2 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.71 million.

Rather & Kittrell has custody of $474.06 million in cash and securities for 712 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rather & Kittrell, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Rather & Kittrell serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Rather & Kittrell is high net worth individuals with 209 clients and $344.66 million of assets under management. Among the 12 most similar advisory firms, Rather & Kittrell has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $728.22 million for 769 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.

Rather & Kittrell doesn't advise any private funds.

Careers at Rather & Kittrell, Inc.

The company employs 21 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. 10 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lytle Alexander Rather	President, director & chief compliance officer	1 May 2000	25% - 50%	1897153
Christian Garth Kittrell	Vp., secretary & director	1 May 2000	25% - 50%	2710166
Paul Jeffrey Hall	Partner, senior advisor	1 Jan 2012	Other	3197264
Gregory D Mcmurry	Chief operating officer	1 Oct 2015	Other	5418621
Inc. Rk Holdings	Owner	1 Jan 2017	75% - 100%	81-4917117

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lytle Alexander Rather	Owner, president	1 Jan 2017	25% - 50%	1897153
Christian Garth Kittrell	Owner, secretary	1 Jan 2017	25% - 50%	2710166

Based in Knoxville

The principal office where Rather & Kittrell, Inc. performs its advisory services is located at 11905 Kingston Pike, Knoxville, TN 37934, 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 865-218-8400 or by fax 865-218-8460. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at rkcapital.com.