Shobe & Associates, Inc (Baton Rouge)

Name: Shobe & Associates, Inc
Address: 8280 Ymca Plaza Drive, Baton Rouge, LA, 70810
Telephone: 225-763-7010

Shobe & Associates, Inc is a large advisory firm based in Baton Rouge. It manages $258.55 million of regulatory assets for 375 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Louisiana and Texas.

Shobe & Associates 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 business consulting. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Shobe & Associates: assets under management

The assets under management (AUM) of Shobe & Associates, Inc is $258.55 million. The firm's AUM has grown by 592% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $215 million in discretionary accounts and $43.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $581.08 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $8.71 million.

Investments

The firm invests in investment and business development companies the most. They account for 94% of the total AUM. The second-largest asset type is exchange traded securities, which make up 2% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Shobe & Associates, 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 Jason Peter Windham serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and state or municipal government entities. The largest group of clients of Jason Peter Windham is high net worth individuals with 65 clients and $134.4 million of assets under management. Among the 11 most similar advisory firms, Shobe & Associates has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $226.25 million for 203 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.

Shobe & Associates doesn't advise any private funds.

Careers at Shobe & Associates, Inc

The company employs 15 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 10 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jason Peter Windham has been acting as President since 1 Dec 2006. Betty Lewis Laakson joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Ralph Pomeroy	Executive vice president/board member	1 Mar 1986	Other	1334740
Susan Shobe Windham	Vice president/board member	1 Feb 1998	Other	4106984
Edward Louis Shobe	Chairman of the board	1 Dec 2006	75% - 100%	1134702
Jason Peter Windham	President	1 Dec 2006	Other	3051908
Betty Lewis Laakson	Chief compliance officer	1 Jan 2010	Other	2873437
Jason Peter Windham	Chief compliance officer	1 Sep 2016	Other	3051908

Based in Baton Rouge

The principal office where Shobe & Associates, Inc performs its advisory services is located at 8280 Ymca Plaza Drive, Baton Rouge, LA 70810, 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 225-763-7010 or by fax 225-763-7040. The normal business hours are 8:30 am -5:30 pm on Monday - Friday. You can find more information about the New York firm at shobe.com/.