St. Johns Investment Management Company, LLC (Jacksonville)

Name: St. Johns Investment Management Company, LLC
Address: 7915 Baymeadows Way, Jacksonville, FL, 32256
Telephone: 904-379-7903

St. Johns Investment Management Company, LLC is a large advisory firm based in Jacksonville. It manages $201.79 million of regulatory assets for 470 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Florida, Georgia, and Texas.

St. Johns Investment Management Company provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

St. Johns Investment Management Company: assets under management

The assets under management (AUM) of St. Johns Investment Management Company, LLC is $201.79 million. The firm's AUM has grown by 7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $200.38 million in discretionary accounts and $1.41 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $427.24 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.41 million.

St. Johns Investment Management Company has custody of $63.02 million in cash and securities for 71 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is government bonds, which make up 18% of the firm’s portfolio. Investments in investment grade corporate bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay St. Johns Investment Management Company, LLC 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 St. Johns Investment Management Company serves?

The firm provides services to individuals, high net worth individuals, and state or municipal government entities. The largest group of clients of St. Johns Investment Management Company is high net worth individuals with 79 clients and $164.37 million of assets under management. Among the 9 most similar advisory firms, St. Johns Investment Management Company has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $192.99 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.

St. Johns Investment Management Company doesn't advise any private funds.

Careers at St. Johns Investment Management Company, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Wall Price	Managing member, ceo, cio	1 Sep 2013	75% - 100%	4347462
John Emery Sawyer	President, chief operating officer	1 Jul 2014	Other	2398228
Albert Julius Toole	Chairman emeritus	1 Aug 2014	Other	4347438
David Andrew Price	Chief compliance officer	1 Mar 2015	Other	5640608

Based in Jacksonville

The principal office where St. Johns Investment Management Company, LLC performs its advisory services is located at 7915 Baymeadows Way, Jacksonville, FL 32256, 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 904-379-7903 or by fax 904-683-3288. The normal business hours are 9 am to 4:45 pm on Monday - Friday. You can find more information about the New York firm at stjohnsinv.com.