Camg Solamere Management, LLC (Charlotte)

Name: Camg Solamere Management, LLC
Address: 6101 Carnegie Boulevard, Charlotte, NC, 28209
Telephone: 704-547-3100

Camg Solamere Management, LLC is a large advisory firm based in Charlotte. It manages $505.75 million of regulatory assets for 494 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Georgia, North Carolina, South Carolina, and Texas.

Camg Solamere Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Camg Solamere Management: assets under management

The assets under management (AUM) of Camg Solamere Management, LLC is $505.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1402% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $505.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.02 million each.

Camg Solamere Management has custody of $16.36 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 39% of the total AUM. The second-largest asset type is investment and business development companies, which make up 25% of the firm’s portfolio. Investments in investment grade corporate bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Camg Solamere Management, LLC for their services and products based on a percentage of assets under management 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 Bert Deems May serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Bert Deems May is corporations or other businesses with 9 clients and $212.44 million of assets under management. Among the 2 most similar advisory firms, Camg Solamere Management has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $440.95 million for 188 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.

Camg Solamere Management doesn't advise any private funds.

Careers at Camg Solamere Management, LLC

The company employs 10 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 8 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Bert Deems May has been acting as President since 1 May 2009. Eric Mcclinton Teal joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bert Deems May	Director	1 May 2009	Other	4445278
Christopher Robert Smith	Director	1 May 2009	Other	5680201
Llc Camg Solamere	Member	1 May 2009	25% - 50%	80-0408771
Charlotte Asset Management Group Llc	Member	1 May 2009	25% - 50%	80-0400430
Timothy Lewis Bambauer	Director, co-chief executive officer	1 May 2009	Other	2086558
Stephen Edward Wilson	Director, co-chief executive officer	1 May 2009	Other	2371673
Brandon Richard Phillips	Chief compliance officer	1 May 2009	Other	4258855
Taggart Mitt Romney	Director	1 May 2009	Other	5680183
Eric Franz Scheuermann	Director	1 May 2009	Other	5680194
Stephen Richard Barber	Chief financial officer	1 May 2009	Other	5446830
Leila Taratus Evans	Director	1 Sep 2011	Other	2939186
Craig Martin Cmiel	Chief operating officer	1 Jan 2013	Other	1668811
Winston Winfield Way	Director/member/chief compliance officer	1 Oct 2013	Other	1077497
Eric Mcclinton Teal	Chief compliance officer	1 Sep 2015	Other	2175414

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Taggart Mitt Romney	Member	1 Jun 2008	25% - 50%	5680183
Spencer Johnson Zwick	Member	1 Jun 2008	25% - 50%	5680287
Eric Franz Scheuermann	Member	1 Jun 2008	25% - 50%	5680194
Llc Solamere Group	Elected manager	1 May 2009	Other	27-0338140
Leila Taratus Evans	Member	1 May 2009	25% - 50%	2939186
Spencer Johnson Zwick	Elected manager	1 May 2009	Other	5680287
Bert Deems May	Member/elected manager	1 Mar 2014	25% - 50%	4445278
Leila Taratus Evans	Member/elected manager	1 Mar 2014	25% - 50%	2939186

Based in Charlotte

The principal office where Camg Solamere Management, LLC performs its advisory services is located at 6101 Carnegie Boulevard, Charlotte, NC 28209, 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 704-547-3100 or by fax 704-547-3101. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at solamereadvisors.com.