Garnett Advisors, LLC (Denton)

Garnett Advisors, LLC is a large advisory firm based in Denton. It manages $156.46 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Texas.

Garnett Advisors provides portfolio management for individuals and small businesses and portfolio management for trusts. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Garnett Advisors: assets under management

The assets under management (AUM) of Garnett Advisors, LLC is $156.46 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in exchange traded securities the most. They account for 37% of the total AUM. The second-largest asset type is state and local bonds, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Garnett Advisors, LLC 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.

What kind of clients Garnett Advisors serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and state or municipal government entities. The largest group of clients of Garnett Advisors is corporations or other businesses with 2 clients and $80.02 million of assets under management. Among the 7 most similar advisory firms, Garnett Advisors has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $156.46 million for 6 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.

Garnett Advisors doesn't advise any private funds.

Careers at Garnett Advisors, LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Based in Denton

The principal office where Garnett Advisors, LLC performs its advisory services is located at 1121 Dallas Drive, Denton, TX 76205, 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 940-387-3881. The normal business hours are by appointment only on Other.