Resource Advisory Services, Inc. is a large advisory firm based in Knoxville. It manages $101.77 million of regulatory assets for 450 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of Tennessee.
Resource Advisory Services provides financial planning services, portfolio management for individuals and small businesses, and advice on matters not involving securities.. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Resource Advisory Services, Inc. is $101.77 million. The firm's AUM has grown by 176% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Resource Advisory Services, 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of James David Lewis is high net worth individuals with 35 clients and $88 million of assets under management. Among the 8 most similar advisory firms, Resource Advisory Services has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $100.76 million for 76 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.
Resource Advisory Services doesn't advise any private funds.
The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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.
James David Lewis has been acting as President since 1 Mar 1985. Robert Bryan Hankla joined the executive team most recently as the Principal/Vice President.
The principal office where Resource Advisory Services, Inc. performs its advisory services is located at 2095 Lakeside Centre Way, Knoxville, TN 37922, 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 865-560-0140 or by fax 865-560-0150. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at resourceadv.com.