Pillar Financial Advisors, LLC (Louisville)

Name: Pillar Financial Advisors, LLC
Address: 3046 Breckenridge Lane, Louisville, KY, 40220
Telephone: 502-384-3890

Pillar Financial Advisors, LLC is a large advisory firm based in Louisville. It manages $154.81 million of regulatory assets for 526 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Indiana, Kentucky, and Missouri.

Pillar Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pillar Financial Advisors: assets under management

The assets under management (AUM) of Pillar Financial Advisors, LLC is $154.81 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 407% since the beginning of its operation, and $2.27 million of the total AUM is attributable to clients outside of the United States.

The firm manages $154.81 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $294.31 thousand each.

Pillar Financial Advisors has custody of $4 million in cash and securities for 14 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 98% of the total AUM. The second-largest asset type is exchange traded securities, which make up 1% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pillar Financial Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Pillar Financial Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Pillar Financial Advisors is high net worth individuals with 41 clients and $117.6 million of assets under management. Among the 12 most similar advisory firms, Pillar Financial Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $154.81 million for 145 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Pillar Financial Advisors doesn't advise any private funds.

Careers at Pillar Financial Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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
Gregory Michael Curry	Member, chief compliance officer	1 Nov 1997	75% - 100%	2824530
Ben Dick Allison	Member	1 Jan 2017	25% - 50%	2867393

Based in Louisville

The principal office where Pillar Financial Advisors, LLC performs its advisory services is located at 3046 Breckenridge Lane, Louisville, KY 40220, 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 502-384-3890 or by fax 888-276-1420. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at pillar.net.