Davis, Davis And Conover Wealth Management, LLC (Nashville)

Davis, Davis And Conover Wealth Management, LLC is a large advisory firm based in Nashville. It manages $109.36 million of regulatory assets for 459 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, New Hampshire, Tennessee, and Texas.

Davis, Davis And Conover Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Davis, Davis And Conover Wealth Management: assets under management

The assets under management (AUM) of Davis, Davis And Conover Wealth Management, LLC is $109.36 million. The firm's AUM has gone down by -3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $109.19 million in discretionary accounts and $175.01 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $239.44 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $58.34 thousand.

Davis, Davis And Conover Wealth Management has custody of $2 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 41% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 22% of the firm’s portfolio. Investments in exchange traded securities form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Davis, Davis And Conover Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Davis, Davis And Conover Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Davis, Davis And Conover Wealth Management is high net worth individuals with 29 clients and $65.88 million of assets under management. Among the 10 most similar advisory firms, Davis, Davis And Conover Wealth Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $106.78 million for 143 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.

Davis, Davis And Conover Wealth Management doesn't advise any private funds.

Careers at Davis, Davis And Conover Wealth Management, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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
Norman Davis	General partner	1 Oct 2016	50% - 75%	2463795
Melissa Denbo Davis	General partner	1 Oct 2016	50% - 75%	1193453
Carolyn C Conover	Chief compliance officer	1 Jan 2017	Other	5196155

Based in Nashville

The principal office where Davis, Davis And Conover Wealth Management, LLC performs its advisory services is located at 3102 West End Ave, Nashville, TN 37203, 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 615-324-7825. The normal business hours are 8-4 on Monday - Friday.