Walker Asset Management, LLC (Verona)

Walker Asset Management, LLC is a large advisory firm based in Verona. It manages $137.53 million of regulatory assets for 390 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arkansas, Missouri, and Texas.

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

Walker Asset Management: assets under management

The assets under management (AUM) of Walker Asset Management, LLC is $137.53 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 35% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $137.53 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $352.63 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment and business development companies, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Walker 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 Walker Asset Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Walker Asset Management is high net worth individuals with 40 clients and $104.23 million of assets under management. Among the 8 most similar advisory firms, Walker Asset Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $135.94 million for 179 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.

Walker Asset Management doesn't advise any private funds.

Careers at Walker Asset Management, LLC

The company employs 3 people that are either part- or full-time employees. 33 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Dennis Robin Walker	Manager, member, chief compliance officer	1 Aug 2016	75% - 100%	1058338
Dennis Walker	Manager, member, chief compliance officer	1 Aug 2016	75% - 100%	1058338
Molly Mcgowan Crider	Chief operations officer	1 Feb 2017	Other	4683898

Based in Verona

The principal office where Walker Asset Management, LLC performs its advisory services is located at 13333 Lawrence 2193, Verona, MO 65769 The mailing address of the firm is Po Box 8467, Springfield, MO 65801. An additional office of the firm is in Aurora, MO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 417.235.9125. The normal business hours are by appointment on Other.