Carter Asset Management, Inc. (Abilene)

Name: Carter Asset Management, Inc.
Address: 242 Beech Street, Abilene, TX, 79601
Telephone: 325-673-6171

Carter Asset Management, Inc. is a large advisory firm based in Abilene. It manages $289.74 million of regulatory assets for 500 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California and Texas.

Carter Asset Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Carter Asset Management: assets under management

The assets under management (AUM) of Carter Asset Management, Inc. is $289.74 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 955% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $289.74 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $579.49 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 94% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 2% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Carter Asset Management, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 David Landon Carter serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of David Landon Carter is high net worth individuals with 87 clients and $154.3 million of assets under management. Among the 9 most similar advisory firms, Carter Asset Management has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $289.74 million for 500 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.

Carter Asset Management doesn't advise any private funds.

Careers at Carter Asset Management, Inc.

The company employs 8 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 3 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Landon Carter has been acting as President since 1 Feb 1997. David Carter joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Landon Carter	President/chief compliance officer	1 Feb 1997	75% - 100%	2856165
David Carter	President	1 Feb 1997	75% - 100%	2856165

Based in Abilene

The principal office where Carter Asset Management, Inc. performs its advisory services is located at 242 Beech Street, Abilene, TX 79601, 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 325-673-6171 or by fax 325-675-5029. The normal business hours are 8 am - 5 pm (central time) on Monday - Friday. You can find more information about the New York firm at carterasset.com.