The Nalls Sherbakoff Group, LLC (Knoxville)

Name: The Nalls Sherbakoff Group, LLC
Address: 9724 Kingston Pike, Knoxville, TN, 37922
Telephone: 865-691-0898

The Nalls Sherbakoff Group, LLC is a large advisory firm based in Knoxville. It manages $180.38 million of regulatory assets for 889 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Georgia, Louisiana, Tennessee, and Texas.

The Nalls Sherbakoff Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Nalls Sherbakoff Group: assets under management

The assets under management (AUM) of The Nalls Sherbakoff Group, LLC is $180.38 million. The firm's AUM has grown by 43% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $176.56 million in discretionary accounts and $3.82 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $199.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.27 million.

The Nalls Sherbakoff Group has custody of $43.8 million in cash and securities for 76 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 9% of the firm’s portfolio. Investments in other assets form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Nalls Sherbakoff Group, LLC for their services and products based on a percentage of assets under management, hourly charges, subscription fees, and fixed fees. 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 The Nalls Sherbakoff Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of The Nalls Sherbakoff Group is high net worth individuals with 51 clients and $117.28 million of assets under management. Among the 13 most similar advisory firms, The Nalls Sherbakoff Group has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $180.38 million for 408 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.

The Nalls Sherbakoff Group doesn't advise any private funds.

Careers at The Nalls Sherbakoff Group, LLC

The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Donald Eugene Nalls	Managing member/chief compliance officer	1 Jun 2013	75% - 100%	2262062
Thomas Lee Sherbakoff	Member	1 Oct 2014	Other	6101627

Based in Knoxville

The principal office where The Nalls Sherbakoff Group, LLC performs its advisory services is located at 9724 Kingston Pike, Knoxville, TN 37922, which is also the mailing address of the firm. An additional office of the firm is in Atlanta, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 865-691-0898 or by fax 865-691-0900. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at nallssherbakoff.com and its LinkedIn profile.