Colonial Asset Management Inc (Spartanburg)

Colonial Asset Management Inc is a large advisory firm based in Spartanburg. It manages $513.21 million of regulatory assets for 1,412 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Georgia, New York, and 5 other states.

Colonial Asset Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Colonial Asset Management: assets under management

The assets under management (AUM) of Colonial Asset Management Inc is $513.21 million. The firm's AUM has grown by 433% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $484.61 million in discretionary accounts and $28.6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $365.74 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $328.69 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Colonial Asset Management Inc for their services and products based on a percentage of assets under management 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.

Careers at Colonial Asset Management Inc

Rana Stubbs Sanders has been acting as President since 1 Nov 2000. Thomas Jeffrey Stringfield joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Barry Dean Wynn	President	1 Jan 1996	25% - 50%	473736
Henry Walter Barre	Chief operating officer	1 Jan 1996	25% - 50%	830712
Inc. Colonial Group	Holding company	1 Dec 1996	75% - 100%	58-2285039
Walter Flake Oakley	Director	1 May 1998	Other	4367933
Inc. The Colonial Bancgroup	Owner	1 May 1998	75% - 100%	63-0661573
Colonial Bank	Owner	1 Apr 1999	75% - 100%	63-0015320
William Anthony Mccrary	Secretary	1 May 2000	Other	4367945
Rana Stubbs Sanders	President	1 Nov 2000	Other	2387409
Beth Phillips Johnson	Vp compliance officer	1 Nov 2000	Other	4334497
Camp Rooker Wynn	Vice president	1 Sep 2001	Other	3118195
Beth Dixon Keaton	Chief compliance officer	1 Dec 2003	Other	1642660
Beth Gillmann	Chief compliance officer	1 Dec 2003	Other	1642660
Richard Charles Peterson	Sales director	1 Jan 2004	Other	1629373
Linda Lloyd Green	Director	1 Jun 2004	Other	4907934
Kerry Jean Kimmel Geiger	Supervisor	1 Sep 2004	Other	2730438
Nan Coley Johnson	Secretary	1 Sep 2004	Other	4859163
Helena T Duncan	Vice president	1 Sep 2004	Other	4859164
Herman Anderson Rippy	Sales manager	1 Nov 2004	Other	2704826
Bert Dixon Barre	Chief compliance officer	1 Sep 2005	Other	4119994
Camp Rooker Wynn	Executive vice president	1 Jan 2007	Other	3118195
Brian Scott Brewer	Chief compliance officer	1 May 2007	Other	2973586
Cary A Guffey	President	1 Jan 2008	Other	4255639
Thomas Jeffrey Stringfield	Chief compliance officer	1 Feb 2008	Other	1989467
Thomas Jeffrey Stringfield	Chief compliance officer	1 Apr 2008	Other	1989467
Daniel Wayne Overbey	President	1 Apr 2008	Other	3194846

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Bert Dixon Barre	Shareholder	1 Jan 2007	Other	4119994

Based in Spartanburg

The principal office where Colonial Asset Management Inc performs its advisory services is located at 359 South Pine Street, Spartanburg, SC 29302 The mailing address of the firm is P.O. Box 1724, Spartanburg, SC 29304. An additional office of the firm is in Greenville, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 864-582-3356 or by fax 864-582-7839. The normal business hours are 8:30 - 5:00 on Monday - Friday.