Livingston Group Asset Management Company (Chattanooga)

Name: Livingston Group Asset Management Company
Address: 100 W. Mlk Blvd. Suite 300, Chattanooga, TN, 37402 2936
Telephone: 423-265-2700

Livingston Group Asset Management Company is a large advisory firm based in Chattanooga. It manages $395.24 million of regulatory assets for 1,761 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, California, and 14 other states.

Livingston Group Asset Management Company provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, 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.

Livingston Group Asset Management Company: assets under management

The assets under management (AUM) of Livingston Group Asset Management Company is $395.24 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 369% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $395.24 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $224.44 thousand each.

Livingston Group Asset Management Company has custody of $34 million in cash and securities for 46 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is investment and business development companies, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Livingston Group Asset Management Company for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Clayton Parker serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of James Clayton Parker is high net worth individuals with 318 clients and $218.25 million of assets under management. Among the 4 most similar advisory firms, Livingston Group Asset Management Company has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $384.3 million for 1,755 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.

Livingston Group Asset Management Company doesn't advise any private funds.

Careers at Livingston Group Asset Management Company

The company employs 24 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. 13 employees are registered as investment adviser representatives with the state securities authorities.

There are 8 people 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.

James Clayton Parker has been acting as President since 1 Nov 2011. Jennifer Rebecca Greene joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Livingston Company	Shareholder	1 May 2001	75% - 100%	582571803
Curtis Wagner Seiler	Managing director of wealth management	1 May 2001	Other	1682408
Scott Livingston Probasco	Ceo/director	1 May 2001	Other	4407726
R. Alton Duke	Coo/director	1 May 2001	Other	4408616
Vincent Thomas Murray	Director	1 May 2001	Other	1613799
Albert Vincent Keyes	Vice president	1 Jun 2001	Other	1562906
Donald Reid Tomlin	Vice president	1 Jun 2001	Other	4364865
James Clayton Parker	Vice president	1 May 2002	Other	2793582
Jimmy Moncrief	Director research	1 Jul 2004	Other	4408616
Iii Llc Horizon Private Equity	Shareholder	1 Jun 2008	75% - 100%	20-5295896
Llc Horizon Private Equity	Shareholder	1 Jun 2008	75% - 100%	20-5295896
Llc Horizon Private Equity Fund Ii	Shareholder	1 Jun 2008	75% - 100%	20-5295896
Lloyd Kathleen	Chief financial officer	1 Jun 2008	Other	5562179
James Wallace Woods	Portfolio manager and director	1 Jun 2008	Other	734272
John Justin Woods	Director	1 Jun 2008	Other	1949233
Lloyd Kathleen	Director	1 Jul 2008	Other	5562179
James Clayton Parker	Shareholder	1 Jan 2009	Other	2793582
Curtis Wagner Seiler	Chief compliance officer	1 Jan 2009	Other	1682408
Curtis Wagner Seiler	Vice president	1 Jul 2009	Other	1682408
Jon Christopher Long	Chief operating officer	1 Jan 2011	Other	4286356
James Clayton Parker	President	1 Nov 2011	Other	2793582
James Wallace Woods	Vice president and manager of atlanta office	1 Nov 2011	Other	734272
Jon Christopher Long	Chief operating officer and chief compliance officer	1 Nov 2011	Other	4286356
James Arthur Wilson	Chief compliance officer	1 May 2013	Other	2443448
Iris Cecelia Israel	Chief compliance officer	1 Aug 2015	Other	1547363
Michael Jeremiah Mooney	Shareholder	1 Jan 2016	Other	4037101
John Justin Woods	President and shareholder	1 Feb 2018	50% - 75%	1949233
Jennifer Rebecca Greene	Chief compliance officer	1 Jul 2018	Other	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Janelle B. Woods	Member	1 Jun 2008	75% - 100%	5562180
William B. Conn	Member	1 Jun 2008	75% - 100%	5562180
Kathleen Lloyd	Officer	1 Jun 2008	75% - 100%	5562180
William V Conn	Elected manager	1 Aug 2008	Other	6255584

Based in Chattanooga

The principal office where Livingston Group Asset Management Company performs its advisory services is located at 100 W. Mlk Blvd. Suite 300, Chattanooga, TN 37402 2936, which is also the mailing address of the firm. An additional office of the firm is in Greenville, KY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 423-265-2700 or by fax 423-265-3560. The normal business hours are 8:00 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at southportcapital.com and its LinkedIn profile.