Trustcore Financial Services, LLC (Brentwood)

Name: Trustcore Financial Services, LLC
Address: 5314 Maryland Way, Brentwood, TN, 37027 6219
Telephone: 615-377-1177

Trustcore Financial Services, LLC is a large advisory firm based in Brentwood. It manages $1.26 billion of regulatory assets for 6,035 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alabama, California, Colorado, and 15 other states.

Trustcore Financial Services provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 2,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Trustcore Financial Services: assets under management

The assets under management (AUM) of Trustcore Financial Services, LLC is $1.26 billion. The firm's AUM has grown by 0% since the beginning of its operation, and $749 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $1.15 billion in discretionary accounts and $115.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $250.02 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $80.52 thousand.

Investments

The firm invests in state and local bonds the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Trustcore Financial Services, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mikael Winnie Jacobs serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Mikael Winnie Jacobs is high net worth individuals with 417 clients and $917.51 million of assets under management. Among the 9 most similar advisory firms, Trustcore Financial Services has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.26 billion for 1,753 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.

Trustcore Financial Services doesn't advise any private funds.

Careers at Trustcore Financial Services, LLC

The company employs 42 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. No 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.

Mikael Winnie Jacobs has been acting as President since 1 Dec 2017. Mikael Allen Jacobs joined the executive team most recently as the Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Trustcore Llc	Holding company	1 Dec 2017	75% - 100%	62-1250059
Darryl Lynn Edmonds	Director, chairman of the board	1 Dec 2017	Other	1048644
Mikael Winnie Jacobs	Director	1 Dec 2017	Other	1347389
Bobby Weatherford Sinclair	Director	1 Dec 2017	Other	1153428
William Craig Reed	President	1 Dec 2017	Other	3022148
Larue Gee Mcintyre	Chief compliance officer	1 Dec 2017	Other	717700
Jr. Gary Hilton Dean	Vice president, partner	1 Dec 2017	Other	4006137
Mikael Allen Jacobs	Partner	1 Mar 2018	Other	5701593
Erik Cannon Milam	Partner	1 Mar 2018	Other	4565645
Randall Scott Lee	Partner	1 Mar 2018	Other	4154988
Jefferson Charles Adcock	Partner	1 Mar 2018	Other	5393857
Margaret Jane Macdonald	Partner	1 Mar 2018	Other	2909753
Robert Bradley Caldwell	Partner	1 Mar 2018	Other	4327111
Clifton Randall Taylor	Partner	1 Mar 2018	Other	5380579
Matthew Tyler Sinclair	Partner	1 Mar 2018	Other	5820279

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mikael Allen Jacobs	Partner	1 Dec 2017	Other	5701593
Matthew Tyler Sinclair	Partner	1 Dec 2017	Other	5820279

Based in Brentwood

The principal office where Trustcore Financial Services, LLC performs its advisory services is located at 5314 Maryland Way, Brentwood, TN 37027 6219, 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 615-377-1177 or by fax 615-371-1941. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at trustcore.com and its LinkedIn profile.