Augustine Asset Management Inc is a large advisory firm based in Jacksonville. It manages $271.27 million of regulatory assets for 247 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, and Georgia.
Augustine Asset Management provides portfolio management for individuals and small businesses 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.
The assets under management (AUM) of Augustine Asset Management Inc is $271.27 million. The firm's AUM has gone down by -29% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Augustine Asset 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Jack C. Demetree is high net worth individuals with 48 clients and $230.53 million of assets under management. Among the 13 most similar advisory firms, Augustine Asset Management has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $271.27 million for 67 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.
Augustine Asset Management doesn't advise any private funds.
The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 5 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.
Jack C. Demetree has been acting as President since 1 Aug 1985. Gregory Michael Estes joined the executive team most recently as the Vice President.
The principal office where Augustine Asset Management Inc performs its advisory services is located at 1551 Atlantic Blvd, Jacksonville, FL 32207 3369, 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 904-396-6944 or by fax 904-396-7275. 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 augustineasset.com.