Cornercap Investment Counsel Inc (Atlanta)

Name: Cornercap Investment Counsel Inc
Address: 1355 Peachtree Street N.E., Atlanta, GA, 30309
Telephone: 404.870.0700

Cornercap Investment Counsel Inc is a large advisory firm based in Atlanta. It manages $1.12 billion of regulatory assets for 474 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, California, and 31 other states.

Cornercap Investment Counsel provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cornercap Investment Counsel: assets under management

The assets under management (AUM) of Cornercap Investment Counsel Inc is $1.12 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 245% since the beginning of its operation, and $12 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.12 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.37 million each.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 16% of the firm’s portfolio. Investments in investment and business development companies form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cornercap Investment Counsel Inc 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 James C Carr serves?

The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of James C Carr is high net worth individuals with 380 clients and $815.64 million of assets under management. Among the 9 most similar advisory firms, Cornercap Investment Counsel has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.12 billion for 423 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Cornercap Investment Counsel doesn't advise any private funds.

Careers at Cornercap Investment Counsel Inc

The company employs 20 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 9 people 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.

James C Carr has been acting as President since 1 Dec 1998. James Cannon Carr has served as the Chief Investment Officer since 1 Aug 2007. Donald Peebles joined the executive team most recently as the Senior Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Quinn	Ceo, cfo	1 Dec 1989	75% - 100%	2428968
Thomas Edward Quinn	Ceo, cfo	1 Dec 1989	50% - 75%	2428968
James C Carr	President	1 Dec 1998	Other	5083186
John Allen Hackney	Chief compliance officer	1 Oct 2004	Other	2621139
James Cannon Carr	Chief investment officer	1 Aug 2007	Other	2963397
Kevin M. Mcgonigle	Executive vice-president	1 Sep 2007	Other	5652127
Richard Thomas Bean	Senior vice president	1 Dec 2010	Other	1986865
Jeffrey Pierce Moeller	Director of research	1 Mar 2014	Other	6911437
Donald Peebles	Senior vice president	1 Jan 2016	Other	2438136

Based in Atlanta

The principal office where Cornercap Investment Counsel Inc performs its advisory services is located at 1355 Peachtree Street N.E., Atlanta, GA 30309, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 404.870.0700 or by fax 404.870.0770. The normal business hours are 8:30am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at cornercap.com.