Boys, Arnold & Company, Inc. (Asheville)

Name: Boys, Arnold & Company, Inc.
Address: 1272 Hendersonville Rd, Asheville, NC, 28803
Telephone: 828-274-1542

Boys, Arnold & Company, Inc. is a large advisory firm based in Asheville. It manages $1.09 billion of regulatory assets for 1,051 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, California, Connecticut, and 9 other states.

Boys, Arnold & Company provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and trust services thru our affiliated trust company. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Boys, Arnold & Company: assets under management

The assets under management (AUM) of Boys, Arnold & Company, Inc. is $1.09 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 10% since the beginning of its operation, and $70.51 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $1.09 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.04 million each.

Boys, Arnold & Company has custody of $306.49 million in cash and securities for 195 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is state and local bonds, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Boys, Arnold & Company, Inc. 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 Jon Loveless Vannice serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Jon Loveless Vannice is high net worth individuals with 221 clients and $908.22 million of assets under management. Among the 7 most similar advisory firms, Boys, Arnold & Company has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.07 billion for 393 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Boys, Arnold & Company doesn't advise any private funds.

Careers at Boys, Arnold & Company, Inc.

The company employs 18 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 9 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.

Jon Loveless Vannice has been acting as President since 1 Dec 1995. Jay Garst Reese joined the executive team most recently as the Investment Counselor.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Arnold And Company Inc. Esop Boys	Employee stock owenership plan	1 Dec 1994	50% - 75%	56-1178340
John Phillip Rhodin	Vice president & chief compliance officer	1 Apr 1995	Other	2361029
Thomas Clingman Arnold	Member, board of directors	1 Jul 1995	Other	1798833
Jon Loveless Vannice	President	1 Dec 1995	Other	2305363
Stanley Howland Cocke	Secretary	1 Dec 2001	Other	4348538
Jay Garst Reese	Investment counselor	1 Dec 2014	Other	2452844

Based in Asheville

The principal office where Boys, Arnold & Company, Inc. performs its advisory services is located at 1272 Hendersonville Rd, Asheville, NC 28803 The mailing address of the firm is P.O. Box 5255, Asheville, NC 28813. An additional office of the firm is in Hilton Head Island, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 828-274-1542 or by fax 828-277-9233. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at boysarnold.com.