Delta Asset Management, LLC (Memphis)

Name: Delta Asset Management, LLC
Address: 700 Colonial Rd, Memphis, TN, 38117
Telephone: 901-767-4791

Delta Asset Management, LLC is a large advisory firm based in Memphis. It manages $920.44 million of regulatory assets for 983 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arkansas, California, Florida, and 3 other states.

Delta Asset Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Delta Asset Management: assets under management

The assets under management (AUM) of Delta Asset Management, LLC is $920.44 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 296% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $920.44 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $936.35 thousand each.

Delta Asset Management has custody of $203.01 million in cash and securities for 353 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 68% 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 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Delta Asset Management, LLC for their services and products based on a percentage of assets under management. 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 Delta Asset Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Delta Asset Management is high net worth individuals with 186 clients and $660.59 million of assets under management. Among the 11 most similar advisory firms, Delta Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $920.44 million for 503 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.

Delta Asset Management doesn't advise any private funds.

Careers at Delta Asset Management, LLC

The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 6 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 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
M.M. Mall Corp.	Owner, member	1 May 2001	Other	62-1855103
Inc. Wealth Trust	Owner	1 May 2001	50% - 75%	62-1696932
A.G. Conaway Corp.	Owner	1 May 2001	Other	62-1855102
Alexander Gordon Conaway	Executive vp, compliance officer	1 May 2001	Other	2240134
E. Taylor Investments Corp	Owner, member	1 Jan 2002	Other	90-0011678
Myron Merriell Mall	Managing director	1 Jan 2006	Other	2270098
Alexander Gordon Conaway	President, chief compliance officer	1 Jan 2006	Other	2240134
Edward Tennent Taylor	Senior vice president	1 Jan 2006	Other	4346174
Michael Keith Henry	Chief compliance officer	1 Jun 2006	Other	2445770
Wealthtrust Llc	Member	1 Nov 2006	50% - 75%	20-5389611
Edward Tennent Taylor	Managing director	1 Jun 2009	Other	4346174
Alexander Gordon Conaway	Managing director	1 Jun 2009	Other	2240134
Candice Harbison Chrisman	Chief compliance officer	1 Feb 2010	Other	5774225
David Charles Smith	Managing director	1 Jan 2012	Other	2240592
Dc Smith Corp	Owner, member	1 Jan 2012	Other	45-4542455
Robert Jeffery Corne	Vice president and secretary	1 May 2016	Other	4993108
Llc Wt Acquisition	Owner	1 May 2017	75% - 100%	82-151473
Robert Steven Pagliuco	Evp and treasurer	1 Jun 2017	Other	2617931
Daniel Jeremy Berg	Executive director of finance	1 Mar 2019	Other	6146365
Timothy Bernard Woods	Manager	1 Mar 2019	Other	4428777

Indirect Owners

The SEC currently registers 44 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Fredric Mark Edelman	Shareholder	1 Jun 1996	75% - 100%	1537980
Morgan Asset Management	Shareholder	1 Nov 1999	75% - 100%	62-1277223
Regions Financial Corp.	Shareholder	1 Mar 2001	75% - 100%	63-0371391
Mk Holding Corp.	Shareholder	1 Mar 2001	75% - 100%	62-1858414
Myron Merriell Mall	Shareholder	1 May 2001	75% - 100%	2270098
Myron Mall	Elected mgr	1 May 2001	75% - 100%	2270098
Alexander Conaway	Member	1 May 2001	75% - 100%	2240134
Regions Financial Corp.	Shareholder	1 May 2001	75% - 100%	63-0371391
Morgan Asset Management	Shareholder	1 May 2001	75% - 100%	62-1277223
Mk Holding Corp.	Shareholder	1 May 2001	75% - 100%	62-1858414
Edward Tennent Taylor	Shareholder	1 Jan 2002	75% - 100%	4346174
Thomas Haskell Lee	Managing member	1 Aug 2006	75% - 100%	305494
Wealthtrust Holdings Co	Member	1 Nov 2006	75% - 100%	20-5576278
Wealthtrust Holdings Llc	Shareholder	1 Nov 2006	75% - 100%	20-5493778
Cpc Wt Investment Llc	Member	1 Nov 2006	25% - 50%	20-5509625
Falcon Mezzanine Partners Ii Lp	Member	1 Nov 2006	25% - 50%	20-2506252
Nmc Cpc Wt Investment Llc	Member	1 Nov 2006	25% - 50%	42-1717706
Mark Kevin Gormley	Managing member	1 Mar 2009	25% - 50%	718402
Llc Lee Equity Partners	Manager	1 Apr 2012	Other	157422
Lp Lee Equity Partners Fund Summer Aiv	Member	1 Apr 2012	75% - 100%	80-0802317
Llc Lee Equity Partners Gp	General partner	1 Apr 2012	Other	26-1532912
Teachers Retirement System Of Texas	Limited partner	1 Apr 2012	25% - 50%	76-6000164
Llc Affiliated Wealth Partners Holdings	Member - managed	1 Sep 2015	75% - 100%	47-4536791
Awp Ii Llc	Member - managed	1 Sep 2015	75% - 100%	47-4845839
Awp I Lp	Member - managed	1 Sep 2015	75% - 100%	47-5311229
Llc Lep Summer Holdings	Limited partner	1 Sep 2015	50% - 75%	37-1689318
Awp Gp Llc	General partner	1 Sep 2015	Other	47-5305328
George Lester Ball	Board of managers	1 Sep 2015	Other	11332
Mark Kevin Gormley	Board of managers	1 Sep 2015	Other	718402
Holly Day Deem	Board of managers	1 Sep 2015	Other	2665529
Llc Lee Equity Partners	Member	1 Sep 2015	50% - 75%	157422
Inc. The Edelman Financial Center	Member	1 Sep 2015	25% - 50%	81-0672613
Llc Lee Equity Partners Realization Fund Gp	General partner	1 Sep 2015	Other	47-5092925
Achi Yaffe	Board of managers	1 Sep 2015	Other	5167335
Edward Philip Moore	Board of managers	1 Sep 2015	Other	1468827
Bruce Robert Mcmaken	Board of managers	1 Dec 2015	Other	2851043
Daniel Joseph Rodriguez	Board of managers	1 Feb 2016	Other	4981411
Daniel J Rodriguez	Board of managers	1 Feb 2016	Other	4981411
L.P. Lee Equity Partners Realization Fund Summer Aiv	Member	1 Mar 2016	75% - 100%	36-4818709
Lep Realization Summer Llc	Limited partner	1 Mar 2016	50% - 75%	47-5027114
Mark Kevin Gormley	Managing member	1 Mar 2016	25% - 50%	718402
L.P. Lep Realization Feeder	Member	1 Mar 2016	75% - 100%	47-5356981
Llc Hightower Holding	Owner	1 May 2017	75% - 100%	26-2270729
Llc Thl Equity Fund Vii Investors (Ht)	Owner	1 Jan 2018	50% - 75%	82-3551026

Based in Memphis

The principal office where Delta Asset Management, LLC performs its advisory services is located at 700 Colonial Rd, Memphis, TN 38117, 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 901-767-4791 or by fax 901-767-1224. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at deltaasset.com.