Campbell Rooks Wealth Management, L.L.C. (Chattanooga)

Name: Campbell Rooks Wealth Management, L.L.C.
Address: 301 Forest Avenue, Chattanooga, TN, 37405 3922
Telephone: 423-265-7931

Campbell Rooks Wealth Management, L.L.C. is a large advisory firm based in Chattanooga. It manages $109.31 million of regulatory assets for 441 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Florida, Georgia, and 3 other states.

Campbell Rooks Wealth Management, L.L.C provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Campbell Rooks Wealth Management, L.L.C: assets under management

The assets under management (AUM) of Campbell Rooks Wealth Management, L.L.C. is $109.31 million. The firm's AUM has grown by 2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $101.85 million in discretionary accounts and $7.47 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $236.85 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $678.7 thousand.

Campbell Rooks Wealth Management, L.L.C has custody of $54.84 million in cash and securities for 102 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment grade corporate bonds the most. They account for 54% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in other assets form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Campbell Rooks Wealth Management, L.L.C. for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients Campbell Rooks Wealth Management, L.L.C serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Campbell Rooks Wealth Management, L.L.C is high net worth individuals with 37 clients and $63.86 million of assets under management. Among the 11 most similar advisory firms, Campbell Rooks Wealth Management, L.L.C has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $109.31 million for 190 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.

Campbell Rooks Wealth Management, L.L.C doesn't advise any private funds.

Careers at Campbell Rooks Wealth Management, L.L.C.

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 5 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Perry Campbell	Principal, managing member, chief investment officer/co-compliance officer	1 Jan 2003	75% - 100%	2732568
Bradley Clay Rooks	Principal, managing member, investmentadviser/chief compliance officer	1 Nov 2015	25% - 50%	5882475
Bradley Clay Rooks	Principal, chief compliance officer	1 Jan 2016	25% - 50%	5882475

Based in Chattanooga

The principal office where Campbell Rooks Wealth Management, L.L.C. performs its advisory services is located at 301 Forest Avenue, Chattanooga, TN 37405 3922, 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 423-265-7931 or by fax 423-265-7932. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at campbellrooks.com.