Tannin Capital, LLC (Charlotte)

Tannin Capital, LLC is a mid-sized advisory firm based in Charlotte. It manages $49.31 million of regulatory assets for 40 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of North Carolina.

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

Tannin Capital: assets under management

The assets under management (AUM) of Tannin Capital, LLC is $49.31 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $49.31 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.23 million each.

Investments

The firm invests in state and local bonds the most. They account for 57% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in investment and business development companies form 8% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Tannin Capital, 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 Tannin Capital serves?

The only and largest group of clients of Tannin Capital is high net worth individuals with 10 clients and $12.87 million of assets under management. Among the 1 most similar advisory firms, Tannin Capital has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $12.87 million for 10 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.

Tannin Capital doesn't advise any private funds.

Careers at Tannin Capital, LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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
Clay Hutchinson Young	Sole member and chief compliance officer	1 Mar 2017	75% - 100%	2256516
Patricia Dunlap Ogburn	Member and chief compliance officer	1 Apr 2017	75% - 100%	1457477
Clay Hutchinson Young	Chief compliance officer and member	1 Apr 2017	75% - 100%	2256516

Based in Charlotte

The principal office where Tannin Capital, LLC performs its advisory services is located at 6201 Fairview Road, Charlotte, NC 28210, 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 704-552-1082. The normal business hours are 9:00am - 5:00pm on Monday - Friday.