Nachman Norwood & Parrott, Inc. (Greenville)

Name: Nachman Norwood & Parrott, Inc.
Address: 1116 South Main Street, Greenville, SC, 29601 3300
Telephone: 864-467-9800

Nachman Norwood & Parrott, Inc. is a large advisory firm based in Greenville. It manages $1.57 billion of regulatory assets for 1,037 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alabama, California, Colorado, and 10 other states.

Nachman Norwood & Parrott provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and publication of newsletters. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Nachman Norwood & Parrott: assets under management

The assets under management (AUM) of Nachman Norwood & Parrott, Inc. is $1.57 billion. The firm's AUM has grown by 3% since the beginning of its operation, and $140.35 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $1.27 billion in discretionary accounts and $299.51 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.29 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.99 million.

Nachman Norwood & Parrott has custody of $360.82 million in cash and securities for 332 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 56% of the total AUM. The second-largest asset type is exchange traded securities, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nachman Norwood & Parrott, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Alvin Cannon serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of James Alvin Cannon is high net worth individuals with 413 clients and $1.1 billion of assets under management. Among the 10 most similar advisory firms, Nachman Norwood & Parrott has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.57 billion for 1,037 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.

Nachman Norwood & Parrott doesn't advise any private funds.

Careers at Nachman Norwood & Parrott, Inc.

The company employs 16 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 9 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.

James Alvin Cannon has been acting as President since 1 May 2010. Angela Sheppard joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Flick Parrott	President and cco	1 May 2010	Other	1176120
Gary Curtis Davis	Secretary	1 May 2010	Other	2637543
Alan Robert Nachman	Treasurer	1 May 2010	25% - 50%	1553733
Benjamin King Norwood	Vice president	1 May 2010	25% - 50%	2421070
Angela Sheppard	Compliance officer and registered associate	1 May 2010	Other	4181686
James Alvin Cannon	Director	1 May 2010	Other	2218524
Gary Curtis Davis	Partner and vice president	1 Nov 2018	Other	2637543
Alan Robert Nachman	Partner and president	1 Nov 2018	Other	1553733
Benjamin King Norwood	Partner and secretary	1 Nov 2018	Other	2421070
James Alvin Cannon	Partner	1 Nov 2018	Other	2218524
Russell B Miller	Partner and treasurer	1 Nov 2018	Other	5143225
Wesley Mattox Boyce	Partner	1 Nov 2018	Other	3126947
Angela Sheppard	Chief compliance officer	1 Jan 2019	Other	4181686

Based in Greenville

The principal office where Nachman Norwood & Parrott, Inc. performs its advisory services is located at 1116 South Main Street, Greenville, SC 29601 3300, 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 864-467-9800 or by fax 864-467-9443. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at nnpwealth.com.