Brooks, Moore & Associates, Inc. (Chattanooga)

Name: Brooks, Moore & Associates, Inc.
Address: 3905 Saint Elmo Avenue, Chattanooga, TN, 37409 1239
Telephone: 423-756-8628

Brooks, Moore & Associates, Inc. is a large advisory firm based in Chattanooga. It manages $208.1 million of regulatory assets for 229 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Georgia and Tennessee.

Brooks, Moore & Associates provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Brooks, Moore & Associates: assets under management

The assets under management (AUM) of Brooks, Moore & Associates, Inc. is $208.1 million. The firm's AUM has grown by 22% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $192.91 million in discretionary accounts and $15.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $888.98 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.27 million.

Investments

The firm invests in exchange traded securities the most. They account for 52% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Brooks, Moore & Associates, Inc. for their services and products based on a percentage of assets under management 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 Brooks, Moore & Associates serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Brooks, Moore & Associates is high net worth individuals with 69 clients and $180.87 million of assets under management. Among the 12 most similar advisory firms, Brooks, Moore & Associates has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $193.97 million for 104 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.

Brooks, Moore & Associates doesn't advise any private funds.

Careers at Brooks, Moore & Associates, Inc.

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
Jay William Brooks	Managing director/chief compliance officer	1 Mar 1986	25% - 50%	4343684
Richard Logan Moore	Managing director	1 Aug 1995	50% - 75%	1822214
Debbie U Callahan	Chief compliance officer/vp	1 Aug 2015	Other	6556355
Jay William Brooks	Chief compliance officer, vp, portfolio manager	1 Nov 2018	Other	6915191

Based in Chattanooga

The principal office where Brooks, Moore & Associates, Inc. performs its advisory services is located at 3905 Saint Elmo Avenue, Chattanooga, TN 37409 1239, 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 423-756-8628 or by fax 423-265-9436. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at brooksmoore.net.