Duncan Williams Asset Management, LLC

CRD#174809
Investment Advisor Firm

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Learn more about Duncan Williams Asset Management, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Duncan Williams Asset Management, LLC is a financial advisory firm based at 5350 Poplar Avenue, Memphis, Tennessee, 38119. The firm is registered in a number of states across the country, including Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Illinois, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Mexico, New York, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

    The firm is not a registered broker dealer, but it does have affiliations in the financial industry as a broker-dealer or securities dealer. Duncan Williams Asset Management, LLC manages $632.0 million in assets under management (AUM), categorizing it as a large-sized firm in terms of AUM. These assets are spread across 1104 client accounts, which are managed by a team of 9 financial advisors.

    The firm manages 998 discretionary accounts, meaning the firm’s portfolio managers can buy and sell investments on behalf of their clients without first seeking approval. Additionally, it manages 106 non-discretionary accounts.

    Duncan Williams Asset Management, LLC offers a variety of services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars.

    The firm uses different types of fee structures, such as asset-based, hourly, and fixed. It also participates in a wrap fee program.

    Duncan Williams Asset Management, LLC works with various types of investors, including retail investors, high net worth investors, pension plans, charitable organizations, and corporations. The largest client type by accounts is retail investors. The firm also serves 9 high net worth clients.

    Assets Under Management

    $632.0 million

    Number of Advisors

    9

    Disclosures

    No

    Office Location

    5350 Poplar Avenue
    Memphis, TN 38119

    Duncan Williams Asset Management, LLC by the Numbers

    Total Assets Under Management

    $632.0 million

    National Average: $8.6 billion
    Total Number of Employees

    11

    National Average: 64
    Total Number of Accounts

    1,104

    National Average: 375,227
    Average Account Size

    $572.5 thousand

    National Average: $23.0 thousand
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    Products and Services

    Duncan Williams Asset Management, LLC offers multiple services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, publication of newsletters and educational seminars. However, it did not provide financial planning services to any of its clients in the last financial year. Duncan Williams Asset Management, LLC is not involved in selling products or offering services other than investment advice to its investment advisory customers. The firm is affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Offered by 3% of firms

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial management fees typically depend on the financial services provided. However, fee types billed by the firm most likely consist of the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the firm.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    Duncan Williams Asset Management, LLC manages money for a broad range of investors. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 1,104 customers, Duncan Williams Asset Management, LLC's largest client is retail investors, although it also manages money for 54 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are non-U.S. persons.

    • High-Net-Worth Individuals* - 9.22%
    • Other Individuals - 74.57%
    • Corporations - 9.56%
    • Charitable Organizations - 6.66%

    * 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

    Duncan Williams Asset Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Duncan Williams Asset Management, LLC

    Kyle Gowen
    Memphis, TN
    David Scully
    Memphis, TN
    Robert Atkins
    Memphis, TN
    William Hensley
    Memphis, TN
    Patrick O'Connor
    Memphis, TN
    Edwin Bennett
    Memphis, TN
    Peyton Wade
    Memphis, TN
    Heather Smith
    Memphis, TN

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    The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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