Tillman Hartley LLC (Nashville)

Name: Tillman Hartley LLC
Address: 40 Burton Hills Boulevard, Nashville, TN, 37215
Telephone: 352-335-9015

Tillman Hartley LLC is a large advisory firm based in Nashville. It manages $423.07 million of regulatory assets for 220 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Delaware, and 4 other states.

Tillman Hartley provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and consulting. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Tillman Hartley: assets under management

The assets under management (AUM) of Tillman Hartley LLC is $423.07 million. The firm's AUM has grown by 1369% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $422.93 million in discretionary accounts and $140 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.93 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $140 thousand.

Tillman Hartley has custody of $40.1 million in cash and securities for 7 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 89% of the total AUM. The second-largest asset type is state and local bonds, which make up 4% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tillman Hartley 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 Tillman Hartley serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Tillman Hartley is high net worth individuals with 39 clients and $357.99 million of assets under management. Among the 7 most similar advisory firms, Tillman Hartley has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $423.07 million for 55 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.

Tillman Hartley doesn't advise any private funds.

Careers at Tillman Hartley LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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
Michael Gerard Tillman	Manager, chief compliance officer	1 Aug 1999	75% - 100%	3213687
Michael Thomas Hartley	Manager	1 Nov 1999	50% - 75%	1522614
Michael David Lambert	Member	1 Sep 2001	Other	4496136
Kevin Robert Schwall	Member	1 Jan 2011	Other	5606521
Gary William Lutes	Member	1 Jan 2011	Other	5907559
Benjamin Robert Cannon	Member	1 Dec 2017	Other	6373834
Benjamin Robert Cannon	Chief compliance officer	1 Jan 2019	Other	6373834

Based in Nashville

The principal office where Tillman Hartley LLC performs its advisory services is located at 40 Burton Hills Boulevard, Nashville, TN 37215 The mailing address of the firm is 3208 E Colonial Dr Pmb 308, Orlando, FL 32803 5127. An additional office of the firm is in Gainesville, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 352-335-9015 or by fax 352-376-0026. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at tillmanhartley.com.