Highland Capital Management, LLC

CRD#104842
Investment Advisor Firm

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Learn more about Highland Capital Management, LLC

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

    • Overview

    Highland Capital Management, LLC is a financial advisor firm headquartered in Memphis, Tennessee. The company manages $3.1 billion in total assets throughout 953 customer accounts, placing it among the biggest investment advisory firms in the nation by assets under management (AUM). The company has a small group, including 11 financial advisors. Highland Capital Management, LLC does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial investments like bonds, equities and options.

    Highland Capital Management, LLC manages all of its client assets in a discretionary manner. Discretionary management means that a portfolio manager makes buy and sell choices for the client's account without requiring the client's approval. The advisory firm administers roughly $3.3 million for every account. The typical financial advisor at Highland Capital Management, LLC oversees around 87 client accounts.

    The firm's central office is located at 850 Ridge Lake Blvd, Memphis, Tennessee 38120. The firm is permitted to provide services to investors across 11 U.S. states and territories.

    Assets Under Management

    $3.1 billion

    Number of Advisors

    11

    Disclosures

    No

    Office Location

    850 Ridge Lake Blvd
    Memphis, TN 38120

    Highland Capital Management, LLC by the Numbers

    Total Assets Under Management

    $3.1 billion

    National Average: $8.6 billion
    Total Number of Employees

    20

    National Average: 64
    Total Number of Accounts

    953

    National Average: 375,227
    Average Account Size

    $3.3 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial management fees are based on which service is offered. Fees billed by the firm most likely consist of the following fee types: asset-based, performance-based or other. The firm does participate in a wrap fee program, in which the company offers a bundle of services for a single fee.

    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 26% of firms

      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.

    • Offered by 10% of firms

      Other

      Show Explanation

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

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      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.

    • 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 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 32% of firms that offer this fee type

      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.

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    Types of Clients

    Highland Capital Management, LLC works with a broad range of investors. Highland Capital Management, LLC caters to retail investors, high net worth investors, pension plans, charitable organizations, state or municipal government entities, corporations and other. Out of its 953 clients, Highland Capital Management, LLC's largest client type is high net worth investors, though it also serves 445 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are non-U.S. persons.

    • High-Net-Worth Individuals* - 46.69%
    • Other Individuals - 18.68%
    • Corporations - 28.12%
    • Charitable Organizations - 6.51%

    * 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

    Highland Capital Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Highland Capital Management, LLC

    Scott Notowich
    Memphis, TN
    James Story
    Memphis, TN
    Todd Wishnia
    Memphis, TN
    Brian Escobedo
    Memphis, TN
    Andrew O'Sullivan
    Memphis, TN
    Jed Miller
    Memphis, TN
    Steven Stack
    Lake Mary, FL
    Mark Cronin
    Memphis, TN
    Bart Mcmurry
    Castle Rock, CO

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