Coulter & Justus Financial Services, LLC (Oak Ridge)


Coulter & Justus Financial Services, LLC is a large advisory firm based in Oak Ridge. It manages $184.73 million of regulatory assets for 871 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, Georgia, Tennessee, and Texas.

Coulter & Justus Financial Services provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Coulter & Justus Financial Services: assets under management

The assets under management (AUM) of Coulter & Justus Financial Services, LLC is $184.73 million. The firm's AUM has grown by 292% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $176.28 million in discretionary accounts and $8.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $204.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $939.62 thousand.
Coulter & Justus Financial Services has custody of $63.03 million in cash and securities for 147 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Coulter & Justus Financial Services, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Larry Eugene Beeman serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Larry Eugene Beeman is high net worth individuals with 71 clients and $114.17 million of assets under management. Among the 9 most similar advisory firms, Coulter & Justus Financial Services has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $181.1 million for 339 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.

Coulter & Justus Financial Services doesn't advise any private funds.

Careers at Coulter & Justus Financial Services, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

Larry Eugene Beeman has been acting as President since 1 Feb 2005. Robert Scott Smith joined the executive team most recently as the Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Ronald Alan Justus Chief manager 1 Nov 2004 Other 3151148
Nanette Crawford Bobbett Member 1 Nov 2004 Other 4889970
Michael Scott Parton Member 1 Nov 2004 Other 4889974
Ronnie Eugene Pratt Member 1 Nov 2004 Other 4889976
Donald Lee Talbott Member 1 Nov 2004 Other 4889978
Larry Eugene Beeman Chief compliance officer 1 Nov 2004 Other 1053731
John Mack Majors Member 1 Nov 2004 Other 4375193
Timothy Gerard Phillips Member 1 Nov 2004 Other 4076712
Jeffrey Mark King Member 1 Nov 2004 Other 3039028
Nanette C. Bobbett Member 1 Nov 2004 Other 4889970
Samuel Leonard Coulter Member 1 Nov 2004 Other 4889973
Michael S. Parton Member 1 Nov 2004 Other 4889974
Ronnie E. Pratt Member 1 Nov 2004 Other 4889976
Donald L. Talbott Member 1 Nov 2004 Other 4889978
Larry Eugene Beeman President 1 Feb 2005 Other 1053731
Richard Alan Jackson Member 1 Jan 2006 Other 5759881
Marc Alan Zuckerman Member 1 Jan 2006 Other 5759888
Jeffrey Mark King Chief compliance officer 1 Mar 2008 Other 3039028
Julie Anne Wheeler Member 1 Jul 2008 Other 5759885
Kevin Conor Odonoghue Member 1 Jul 2009 Other 5759884
Robert John Wildi Member 1 Jul 2011 Other 5971008
Todd Joel Harms Member 1 Jul 2012 Other 6150685
Kevin Lee Mccollum Member 1 Jul 2013 Other 6311753
Robert Scott Smith Member 1 Jan 2016 Other 4651913

Based in Oak Ridge

The principal office where Coulter & Justus Financial Services, LLC performs its advisory services is located at 575 Oak Ridge Turnpike, Oak Ridge, TN 37830, which is also the mailing address of the firm. An additional office of the firm is in Knoxville, TN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 865-481-0385 or by fax 865-483-7930. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at cj-fs.com.