Colonial Trust Advisors, Inc. (Spartanburg)

Name: Colonial Trust Advisors, Inc.
Address: 359 South Pine Street, Spartanburg, SC, 29302
Telephone: 864-582-3356

Colonial Trust Advisors, Inc. is a large advisory firm based in Spartanburg. It manages $769.38 million of regulatory assets for 1,611 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Florida, Georgia, New York, and 5 other states.

Colonial Trust Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Colonial Trust Advisors: assets under management

The assets under management (AUM) of Colonial Trust Advisors, Inc. is $769.38 million. The firm's AUM has grown by 50% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $693.02 million in discretionary accounts and $76.36 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $451.18 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.02 million.

Colonial Trust Advisors has custody of $58.95 million in cash and securities for 35 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Colonial Trust Advisors, Inc. for their services and products based on a percentage of assets under management 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 Barry Dean Wynn 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 Barry Dean Wynn is high net worth individuals with 169 clients and $481.74 million of assets under management. Among the 8 most similar advisory firms, Colonial Trust Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $769.38 million for 744 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.

Colonial Trust Advisors doesn't advise any private funds.

Careers at Colonial Trust Advisors, Inc.

The company employs 14 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. 6 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.

Barry Dean Wynn has been acting as President since 1 Jan 1996. Camp Rooker Wynn joined the executive team most recently as the Executive Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Barry Dean Wynn	President	1 Jan 1996	Other	473736
Henry Walter Barre	Chief operating officer	1 Jan 1996	Other	830712
Inc. Colonial Group	Holding company	1 Dec 1996	75% - 100%	58-2285039
Bert Dixon Barre	Chief compliance officer/executive vice president	1 Sep 2005	Other	4119994
Camp Rooker Wynn	Executive vice president	1 Jan 2007	Other	3118195

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Bert Dixon Barre	Shareholder	1 Jan 2007	Other	4119994

Based in Spartanburg

The principal office where Colonial Trust Advisors, Inc. performs its advisory services is located at 359 South Pine Street, Spartanburg, SC 29302 The mailing address of the firm is P.O. Box 1724, Spartanburg, SC 29304. An additional office of the firm is in Greenville, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 864-582-3356 or by fax 864-582-7839. The normal business hours are 8:30 - 5:00 on Monday - Friday. You can find more information about the New York firm at colonialtrust.com.