Old North State Trust, LLC (Greensboro)

Name: Old North State Trust, LLC
Address: 125 South Elm Street, Greensboro, NC, 27401
Telephone: 336-2729944

Old North State Trust, LLC is a large advisory firm based in Greensboro. It manages $235.95 million of regulatory assets for 370 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of North Carolina and Virginia.

Old North State Trust provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Old North State Trust: assets under management

The assets under management (AUM) of Old North State Trust, LLC is $235.95 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 54% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $235.95 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $637.71 thousand each.

Old North State Trust has custody of $476.06 million in cash and securities for 538 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Old North State Trust, LLC 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.

Careers at Old North State Trust, LLC

Michael Kirkman has been acting as President since 1 Jan 2004. Ovide Tam De St Aubin has served as the Chief Investment Officer since 1 Nov 1997. Kristopher Shea Abernethy joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Denis Robert De St Aubin	Managing member/president owning preferred and common units of onst	1 Nov 1994	25% - 50%	2673684
Denis De St Aubin	Managing member/ceo	1 Nov 1994	50% - 75%	2673684
Ovide Edward De St Aubin	Member owning preferred and common units of onst/trustee of trust 2	1 Jun 1996	Other	4414370
Ovide Tam De St Aubin	Secretary/treasurer/chief compliance officer/chief investment officer	1 Nov 1997	Other	2710468
Jr Dr. Byron Jay Hoffman	Manager	1 Nov 2003	Other	5316531
Arnold Livingston Head	Manager	1 Nov 2003	Other	5316604
Clifton Gerald Stephens	Manager	1 Nov 2003	Other	5316613
Russell Marable Robinson	Manager	1 Nov 2003	Other	5316617
Stan Meady White	Manager	1 Nov 2003	Other	5317437
Michael Todd Spohn	Chief financial officer	1 Jan 2004	Other	4782628
Michael Kirkman	President	1 Jan 2004	Other	4516827
James J Szafran	Trust officer	1 Jan 2004	Other	4782650
Michael Glenn Kirkman	President	1 Jan 2004	Other	4516827
James Joseph Szafran	Trust officer	1 Jan 2004	Other	4782650
Trustee U/W Ovide De St Aubin Jr Trust 2 Trust 2 Ovide E De St Aubin	Member owning preferred and common units of onst	1 Apr 2005	Other	13-6835325
Trust #2 Uw O Fbo Oe	Trust	1 Apr 2005	Other	13-6835325
Pohatcong Investors Inc	Member owning preferred and common units of onst	1 Jun 2005	Other	05-0296792
Hoffman Family Re	Llc	1 Sep 2005	Other	20-0506976
Hoffman Family Llc	Member owning preferred and common units of onst	1 Sep 2005	Other	20-0506976
Margaret Blanchard Irrevocable Trust	Member owning preferred and common units of onst	1 Nov 2007	Other	xxx-xx-xxxx
Susan Willett	Director of trust services	1 Nov 2011	Other	6049201
Susan Skipper	Director of trust services/vp	1 Nov 2011	Other	6049201
Susan Waid Beard	Vice president	1 Nov 2012	Other	4349690
Kristopher Shea Abernethy	Chief compliance officer	1 Dec 2016	Other	4971818

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ovide Edward De St Aubin	Sole trustee for 3 trusts and co-trustee for 1 trust	1 Oct 1966	50% - 75%	4414370
Sydney Dodd Frissell Farrar	Beneficiary	1 Mar 2000	25% - 50%	5511477
Denis R De St Aubin	Beneficiary	1 Mar 2000	25% - 50%	5512850
William Wren Farrar	Beneficiary	1 Mar 2000	25% - 50%	5512853
Jr Dr. Byron Jay Hoffman	Member	1 Sep 2002	25% - 50%	5316531
Iii Byron Jay Hoffman	Member	1 Sep 2002	25% - 50%	5316993
Henry Maxwell Hoffman	Member	1 Sep 2002	25% - 50%	5316996

Based in Greensboro

The principal office where Old North State Trust, LLC performs its advisory services is located at 125 South Elm Street, Greensboro, NC 27401 The mailing address of the firm is P.O. Box 1380, Greensboro, NC 27401. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 336-2729944. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at oldnorthstatetrust.com.