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

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. 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 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

Indirect Owners

The SEC currently registers 10 indirect owners.

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.

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