Elgethun Capital Management (Sioux Falls)


Elgethun Capital Management is a large advisory firm based in Sioux Falls. It manages $339.99 million of regulatory assets for 502 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Florida, Minnesota, Nebraska, South Dakota, and Texas.

Elgethun Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and publication of newsletters. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Elgethun Capital Management: assets under management

The assets under management (AUM) of Elgethun Capital Management is $339.99 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 555% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $339.99 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $677.28 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 45% of the total AUM. The second-largest asset type is state and local bonds, which make up 18% of the firm’s portfolio. Investments in investment and business development companies form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Elgethun Capital Management for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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 Terry Vaughn Elgethun serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Terry Vaughn Elgethun is high net worth individuals with 67 clients and $280.13 million of assets under management. Among the 9 most similar advisory firms, Elgethun Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $339.99 million for 178 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.

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

Careers at Elgethun Capital Management

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

Terry Vaughn Elgethun has been acting as President since 1 Jun 2003. John A Barker joined the executive team most recently as the President; Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Elgethun Capital Management President 1 Jun 2003 75% - 100% 127616
Terry Vaughn Elgethun President 1 Jun 2003 75% - 100% 1286462
Denise Ann Ferrie Chief compliance officer 1 Jan 2006 Other 5140358
John A Barker President; chief compliance officer 1 Feb 2013 75% - 100% 5761066

Based in Sioux Falls

The principal office where Elgethun Capital Management performs its advisory services is located at 231 S. Phillips Ave., Sioux Falls, SD 57104, 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 (605) 367-3336 or by fax (605) 367-1118. The normal business hours are 8:00a.m. to 5:00p.m. on Monday - Friday. You can find more information about the New York firm at elgethuncapitalmanagement.com.