Brooks, Moore & Associates, Inc
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Overview
Brooks, Moore & Associates, Inc operates as a financial advisor company headquartered in Chattanooga, Tennessee. It has $268.1 million in assets under management throughout 296 customer accounts, placing it in the mid-tier of investment advisory firms in the country by assets under management (AUM). The company has a small group, including 3 financial advisors. Brooks, Moore & Associates, Inc is not a registered broker-dealer, meaning it cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer firm to do so. Securities are exchangable financial assets like bonds, options and equities.
Brooks, Moore & Associates, Inc manages 292 of the firm's accounts on a discretionary basis. Discretionary management signifies that buy and sell decisions are made by an investment advisor without requiring the client's permission. Brooks, Moore & Associates, Inc also manages four non-discretionary accounts with a total of $10.0 million in assets under management. The firm administers about $905,786 in assets for every account. The average financial advisor at Brooks, Moore & Associates, Inc administers around 99 client accounts.
Brooks, Moore & Associates, Inc's headquarters is at 3905 Saint Elmo Avenue, Chattanooga, Tennessee 37409-1239. The company is permitted to provide services to clients throughout a number of states, including Alabama, Georgia and Tennessee.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Brooks, Moore & Associates, Inc by the Numbers
$268.1 million
6
296
$905.8 thousand
Fee Structure
Fees for financial advice largely vary depending on which service is provided. Fee types billed by the company can be comprised of any blend of the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 32% of firms
Fixed
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
-
Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It provides services to retail investors, high net worth investors and corporations. Out of its 296 accounts, Brooks, Moore & Associates, Inc's largest client group is high net worth investors, but it also caters to 80 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients reside abroad.
- High-Net-Worth Individuals* - 48.78%
- Other Individuals - 43.29%
- Corporations - 7.93%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Brooks, Moore & Associates, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Brooks, Moore & Associates, Inc
Chattanooga, TN
Chattanooga, TN
Chattanooga, TN
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