Herndon Capital Management, LLC is a large advisory firm based in Atlanta. It manages $1.09 billion of regulatory assets for 305 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, Colorado, and 24 other states.
Herndon Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and model portfolios to intermediaries. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Herndon Capital Management, LLC is $1.09 billion. The firm's AUM has gone down by -31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Herndon Capital Management, LLC for their services and products based on a percentage of assets under management 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.
The firm provides services to insurance companies, other investment advisers, and state or municipal government entities. The largest group of clients of Drake John Craig is state or municipal government entities with 9 clients and $528.19 million of assets under management. Among the 10 most similar advisory firms, Herndon Capital Management has the 2nd highest percentage of state or municipal government entities out of all clients.
The amount of regulatory assets under management is $1.07 billion for 296 clients. None of the firm’s clients are foreign persons or businesses.
Herndon Capital Management doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. 2 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.
Drake John Craig has been acting as President since 1 Jan 2002. Kenneth Richard Holley has served as the Chief Investment Officer since 1 Jan 2002. Douglas Jay Vander Linde joined the executive team most recently as the Executive Committee Member/President/Chief Compliance Officer.
The principal office where Herndon Capital Management, LLC performs its advisory services is located at 191 Peachtree Street, Ne, Atlanta, GA 30303, 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 404-232-8801 or by fax 404-232-8815. The normal business hours are 8:30m-5:30pm on Monday - Friday. You can find more information about the New York firm at herndoncap.com.