Carrthaxton Financial Group, LLC (Lexington)

Name: Carrthaxton Financial Group, LLC
Address: 420 Bedford Street, Lexington, MA, 02420
Telephone: (781) 861-9700

Carrthaxton Financial Group, LLC is a large advisory firm based in Lexington. It manages $139.75 million of regulatory assets for 384 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, Louisiana, Massachusetts, New Hampshire, and Washington.

Carrthaxton Financial Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Carrthaxton Financial Group: assets under management

The assets under management (AUM) of Carrthaxton Financial Group, LLC is $139.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 30% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $139.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $363.94 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 57% of the total AUM. The second-largest asset type is exchange traded securities, which make up 39% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Carrthaxton Financial Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Carrthaxton Financial Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Carrthaxton Financial Group is high net worth individuals with 100 clients and $117.17 million of assets under management. Among the 9 most similar advisory firms, Carrthaxton Financial Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $134.39 million for 184 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.

Carrthaxton Financial Group doesn't advise any private funds.

Careers at Carrthaxton Financial Group, LLC

The company employs 6 people that are either part- or full-time employees. 50 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Scott Edward Thaxton	President / chief compliance officer	1 Jul 2015	75% - 100%	2657760

Based in Lexington

The principal office where Carrthaxton Financial Group, LLC performs its advisory services is located at 420 Bedford Street, Lexington, MA 02420, which is also the mailing address of the firm. An additional office of the firm is in Nashua, NH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (781) 861-9700 or by fax (781) 861-3855. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at carrthaxton.com.