Aull & Monroe Investment Management Corp (Mobile)

Name: Aull & Monroe Investment Management Corp
Address: 3605 Springhill Business Park Suite A, Mobile, AL, 36608
Telephone: (251)342-3339

Aull & Monroe Investment Management Corp is a large advisory firm based in Mobile. It manages $279.53 million of regulatory assets for 481 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Mississippi, and Texas.

Aull & Monroe Investment Management Corp provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Aull & Monroe Investment Management Corp: assets under management

The assets under management (AUM) of Aull & Monroe Investment Management Corp is $279.53 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 63% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $279.53 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $581.13 thousand each.

Aull & Monroe Investment Management Corp has custody of $258.96 thousand in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is investment and business development companies, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aull & Monroe Investment Management Corp for their services and products based on a percentage of assets under management, hourly charges, 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 Aull & Monroe Investment Management Corp serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Aull & Monroe Investment Management Corp is high net worth individuals with 70 clients and $210.8 million of assets under management. Among the 11 most similar advisory firms, Aull & Monroe Investment Management Corp has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $273.46 million for 214 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.

Aull & Monroe Investment Management Corp doesn't advise any private funds.

Careers at Aull & Monroe Investment Management Corp

The company employs 4 people that are either part- or full-time employees. 75 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Earl Monroe	Partner	1 Jan 1990	25% - 50%	2185266
James Paul Aull	Partner	1 Jan 1990	25% - 50%	2245495
James Aull	Partner	1 Jan 1990	50% - 75%	2245495
Earl Monroe	Partner	1 Jan 1990	50% - 75%	2185266
Jamie Lynn Thuss	Partner/chief compliance officer	1 Sep 2004	Other	3188652

Based in Mobile

The principal office where Aull & Monroe Investment Management Corp performs its advisory services is located at 3605 Springhill Business Park Suite A, Mobile, AL 36608, 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 (251)342-3339 or by fax (251)342-3113. The normal business hours are 8:30am- 4:00pm on Monday - Friday. You can find more information about the New York firm at aullmonroe.com.