Timucuan Asset Management Inc (Jacksonville)

Name: Timucuan Asset Management Inc
Address: 200 West Forsyth Street, Jacksonville, FL, 32202
Telephone: 904-356-1739

Timucuan Asset Management Inc is a large advisory firm based in Jacksonville. It manages $1.66 billion of regulatory assets for 474 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Florida, Indiana, and 8 other states.

Timucuan Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.

Timucuan Asset Management: assets under management

The assets under management (AUM) of Timucuan Asset Management Inc is $1.66 billion. The firm's AUM has grown by 352% since the beginning of its operation, and $1.58 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.53 billion in discretionary accounts and $129.08 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.37 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.79 million.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in government bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Timucuan Asset Management Inc for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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 Russell Brown Newton serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Russell Brown Newton is high net worth individuals with 379 clients and $1.26 billion of assets under management. Among the 9 most similar advisory firms, Timucuan Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.66 billion for 474 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.

Timucuan Asset Management also advises several private funds. Namely, one hedge fund and two private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Timucuan Asset Management Inc

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 7 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.

Russell Brown Newton has been acting as President since 1 Mar 2011. Dennis Dee Blyly joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Russell Brown Newton	President	1 Nov 1981	75% - 100%	4359191
W Randall Mann	Executive vice president	1 Jan 1983	Other	2033579
William Randall Mann	Executive vice president	1 Jan 1983	Other	2033579
Dreama Dawn Vaughn	Vice president	1 Mar 1986	Other	2010435
Dreama Vaughn	Vice president	1 Mar 1986	Other	2010435
Christopher Schmachtenberger	Vice president	1 Nov 1993	Other	2678708
Christopher Herff Schmachtenberger	Vice president	1 Nov 1993	Other	2678708
Christopher James Harrell	Analyst	1 Jul 2000	Other	2613467
Robert Werner Joel	Vice president	1 Jan 2001	Other	2049509
Christopher Reed Fischer	Vice president	1 Jun 2004	Other	2729112
James William Moore	Vice president	1 May 2005	Other	5790877
William Randall Mann	Chief compliance officer / executive vice president	1 Jun 2005	Other	2033579
Todd Breden Martin	Vice president	1 Nov 2010	Other	4361640
Russell Brown Newton	Chairman	1 Mar 2011	75% - 100%	4359191
Christopher Herff Schmachtenberger	President	1 Mar 2011	Other	2678708
Dennis Dee Blyly	Vice president	1 Oct 2011	Other	1521332

Based in Jacksonville

The principal office where Timucuan Asset Management Inc performs its advisory services is located at 200 West Forsyth Street, Jacksonville, FL 32202, which is also the mailing address of the firm. An additional office of the firm is in Sarasota, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 904-356-1739 or by fax 904-358-2344. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at timucuan.com.