Minis & Co., Inc. (Savannah)

Name: Minis & Co., Inc.
Address: 25 Bull Street, Savannah, GA, 31401
Telephone: 912-629-6644

Minis & Co., Inc. is a large advisory firm based in Savannah. It manages $607.62 million of regulatory assets for 380 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Florida, Georgia, and 4 other states.

Minis & Co. provides 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.

Minis & Co.: assets under management

The assets under management (AUM) of Minis & Co., Inc. is $607.62 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 43% since the beginning of its operation, and $2.34 million of the total AUM is attributable to clients outside of the United States.

The firm manages $607.62 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.6 million each.

Investments

The firm invests in exchange traded securities the most. They account for 63% 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 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Minis & Co., 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.

What kind of clients Keith Shepherd Rainwater serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Keith Shepherd Rainwater is high net worth individuals with 115 clients and $333.54 million of assets under management. Among the 10 most similar advisory firms, Minis & Co. has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $607.62 million for 258 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.

Minis & Co. doesn't advise any private funds.

Careers at Minis & Co., Inc.

The company employs 10 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. 5 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.

Keith Shepherd Rainwater has been acting as President since 1 Jul 2013. Raymond Marcus Hrin joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Albert Felton Jenkins	Portfolio manager	1 Sep 2007	Other	5153257
Inc. Savannah Bancorp	Direct owner	1 Sep 2007	75% - 100%	58-1861820
Olin Thompson Smith	Director	1 Sep 2007	Other	428473
James Wiley Ellis	Director	1 Sep 2007	Other	5426896
John Cord Helmken	Director	1 Sep 2007	Other	5427515
Michael Wayne Harden	Chief financial officer	1 Jun 2008	Other	5558485
Mark Irvin Allen	Chairman / chief executive officer	1 Jul 2010	Other	2410852
Russell Woodie Carpenter	Chairman / director	1 Jul 2010	Other	4344865
Lora Lee Jex	Chief compliance officer	1 Dec 2011	Other	6008335
South State Bank	Direct owner	1 Dec 2012	75% - 100%	57-0219408
Scbt	Direct owner	1 Dec 2012	75% - 100%	57-0219408
Keith Shepherd Rainwater	Director	1 Jul 2013	Other	6228884
Holden Thompson Hayes	Secretary / director	1 Jul 2013	Other	4242372
Raymond Marcus Hrin	Chief compliance officer	1 Sep 2013	Other	2784349

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
South State Corporation	Shareholder	1 Feb 1985	75% - 100%	57-0799315

Based in Savannah

The principal office where Minis & Co., Inc. performs its advisory services is located at 25 Bull Street, Savannah, GA 31401, 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 912-629-6644 or by fax 912-629-6655. The normal business hours are 8:30am-5:00pm on Monday - Friday. You can find more information about the New York firm at minisinc.com.