J.J.B. Hilliard, W.L. Lyons, LLC (Louisville)

Name: J.J.B. Hilliard, W.L. Lyons, LLC
Address: 500 West Jefferson Street, Louisville, KY, 40202
Telephone: 502-588-8400

J.J.B. Hilliard, W.L. Lyons, LLC is a large advisory firm based in Louisville. It manages $9.28 billion of regulatory assets for 31,198 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 45 other states.

J.J.B. Hilliard, W.L. Lyons provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

J.J.B. Hilliard, W.L. Lyons: assets under management

The assets under management (AUM) of J.J.B. Hilliard, W.L. Lyons, LLC is $9.28 billion. The firm's AUM has grown by 137% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.88 billion in discretionary accounts and $4.4 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $284.99 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $312.49 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is investment and business development companies, which make up 41% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay J.J.B. Hilliard, W.L. Lyons, LLC for their services and products based on a percentage of assets under management 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 Paul Edward Purcell serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Paul Edward Purcell is individuals with 29,063 clients and $6.57 billion of assets under management. Among the 9 most similar advisory firms, J.J.B. Hilliard, W.L. Lyons has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $9.28 billion for 31,013 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.

J.J.B. Hilliard, W.L. Lyons doesn't advise any private funds.

Careers at J.J.B. Hilliard, W.L. Lyons, LLC

The company employs 1,025 people that are either part- or full-time employees. 37 percent of the employees work as investment advisers or researchers. 562 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 receive compensation from other entities for client referrals.

Paul Edward Purcell has been acting as President since 1 Apr 2019. Steven Gregory Booth joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Michael Rogers	Director, chief operating officer, executive vice president	1 Nov 1996	Other	870075
Corp. Pnc Hl Holding	Parent	1 Dec 1998	75% - 100%	24-1435979
Paul James Moretti	Executive vice president, chief financial officer	1 Jan 1999	Other	2863073
Robert Donald Doll	Senior vice president, director of operations	1 Jan 1999	Other	1463539
Charles Morrison Grimley	Comptroller	1 Sep 2000	Other	1121284
Joan L Gulley	Board director	1 Oct 2002	Other	xxx-xx-xxxx
Joseph Clinton Guyaux	Board director	1 Oct 2002	Other	xxx-xx-xxxx
William Stanton Demchak	Board director	1 Oct 2002	Other	1876620
Carmella Rasi Miller	Director, chief administrative officer, executive vice president	1 Jan 2003	Other	1879379
James Reid Allen	Chairman of the board, ceo, president	1 Jan 2004	Other	1014622
John Randall Bugh	Director, executive vice president	1 Jan 2005	Other	1041111
Darryl Keith Metzger	Director, executive vice president	1 Jan 2005	Other	3198458
Elizabeth C Kaplan	Chief compliance officer (investment advisory only)	1 Sep 2005	Other	4619011
Donald Lee Asfahl	Executive vice president	1 Dec 2005	Other	2824358
Jeffrey Stephen Holik	Chief counsel	1 Jul 2006	Other	xxx-xx-xxxx
Wesley Lee Ringo	Senior vice president, chief compliance officer	1 Nov 2006	Other	1480802
Llc Hl Financial Services	Parent	1 Mar 2008	75% - 100%	30-0450751
Charles Morrison Grimley	Director, executive vice president, chief financial officer	1 Feb 2010	Other	1121284
Jaleigh Jeffers White	Director, executive vice president	1 Jan 2012	Other	5950788
Gary William England	Executive vice president	1 Jul 2014	Other	4587837
Thomas Burks Iii Kessinger	Director, president	1 Jun 2017	Other	2366538
Alan Hamburg Newman	Director, executive vice president	1 Jul 2017	Other	719981
Charles Joseph Jr. Cutsinger	Executive vice president	1 Jul 2017	Other	2065360
Berrian Austin Dedge	Executive vice president	1 Jul 2017	Other	4215897
Nicholas Papachristou	Chief marketing officer, executive vice president	1 Apr 2018	Other	6464162
Anthony Nicholas Jr Amato	Principal operations officer	1 Jan 2019	Other	1329288
Paul Edward Purcell	Director	1 Apr 2019	Other	844873
Steven Gregory Booth	Director	1 Apr 2019	Other	2147388
Michael John Schroeder	Director	1 Apr 2019	Other	1483012

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Employee Stock Ownership Trust Houchens Industries	Parent	1 Nov 1988	75% - 100%	61-6036577
James Payton Gipson	Trustee	1 Nov 1988	Other	xxx-xx-xxxx
William Ruel Houchens	Trustee	1 Nov 1988	Other	xxx-xx-xxxx
Inc. Employee Stock Ownership Trust Houchens Industries	Parent	1 Nov 1998	75% - 100%	61-6036577
Inc. The Pnc Financial Services Group	Parent	1 Dec 1998	75% - 100%	51-0404585
Baird Holding Company	Shareholder	1 May 2001	75% - 100%	39-2027336
Noel Nelson Hunt	Trustee	1 Jan 2003	Other	xxx-xx-xxxx
Inc Houchens Industries	Parent	1 Mar 2008	50% - 75%	20-2505350
Inc. Baird Financial Group	Shareholder	1 Oct 2012	75% - 100%	80-0844225
Baird Financial Corporation	Shareholder	1 Nov 2018	75% - 100%	30-1289533

Based in Louisville

The principal office where J.J.B. Hilliard, W.L. Lyons, LLC performs its advisory services is located at 500 West Jefferson Street, Louisville, KY 40202, which is also the mailing address of the firm. An additional office of the firm is in Evansville, IN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 502-588-8400 or by fax 502-588-9194. 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 hilliard.com.