Atlas Brown, Inc. (Louisville)


Atlas Brown, Inc. is a large advisory firm based in Louisville. It manages $289.8 million of regulatory assets for 788 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Florida, Indiana, and 5 other states.

Atlas Brown provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Atlas Brown: assets under management

The assets under management (AUM) of Atlas Brown, Inc. is $289.8 million. The firm's AUM has gone down by -44% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $279.67 million in discretionary accounts and $10.13 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $369.45 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $326.66 thousand.
Atlas Brown has custody of $94.36 million in cash and securities for 39 clients in total but doesn’t act as a qualified custodian.

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 22% of the firm’s portfolio. Investments in cash and cash equivalents form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Atlas Brown, Inc. for their services and products based on a percentage of assets under management 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.

What kind of clients Charles Gibson Middleton serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Charles Gibson Middleton is high net worth individuals with 36 clients and $167.7 million of assets under management. Among the 9 most similar advisory firms, Atlas Brown has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $289.8 million for 366 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.

Atlas Brown doesn't advise any private funds.

Careers at Atlas Brown, Inc.

The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 don’t receive compensation from other entities for client referrals.

Charles Gibson Middleton has been acting as President since 1 Jan 2005. William Wayne Hancock has served as the Chief Investment Officer since 1 Mar 2009 and Shawn Joseph Ridley is the Chief Executive Officer of Atlas Brown, Inc. family office. Cherri Lyn Lamkin joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Timothy Michael Corley Senior vice president 1 Oct 2004 Other 3124487
Shawn Joseph Ridley Chief executive officer 1 Dec 2004 25% - 50% 1724835
Charles Gibson Middleton Director 1 Jan 2005 Other 4889525
Mary Dennis Jones Executive vice president 1 Mar 2005 Other 3235471
Lawrence Jones Middleton Retired 1 Jan 2007 Other 815600
William Wayne Hancock Executive vice president / chief compliance officer 1 Jun 2007 Other 836955
Iii William Wayne Hancock Vice-chairman 1 Mar 2009 Other 836955
William Wayne Hancock Chief executive officer/chief investment officer/chief compliance officer 1 Mar 2009 Other 836955
Edward John Obrien Chief operating officer/chief financial officer 1 Jun 2009 Other 1062948
Michael Scott Robinson Chief operating officer/chief compliance officer 1 Sep 2009 Other 2476224
Mary Collis Hancock Shareholder 1 Nov 2010 Other 5906655
Jr William Wayne Hancock Shareholder 1 Nov 2010 Other 5906667
Mary C Hancock Shareholder 1 Nov 2010 Other 5906655
Jr William W Hancock Shareholder 1 Nov 2010 Other 5906667
William May Street Chairman 1 Jul 2013 Other 6231904
David Brower Russell Executive vice president 1 May 2014 Other 850934
Michael Scott Robinson President and ceo 1 Jan 2016 Other 2476224
Cherri Lyn Lamkin Chief compliance officer 1 Mar 2016 Other 3083995

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Lawrence Jones Middleton Retired/atlas brown 1 Jan 2005 Other 815600
Shawn Joseph Ridley Retired 1 Mar 2009 25% - 50% 1724835

Based in Louisville

The principal office where Atlas Brown, Inc. performs its advisory services is located at 333 East Main Sreet, Louisville, KY 40202 1259, 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 502-271-2900 or by fax 502-271-2901. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at atlasbrown.com.