OPTIMUM FINANCIAL SERVICES, LLC
Adviser information for OPTIMUM FINANCIAL SERVICES, LLC last updated from Form ADV on March 6th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Mississippi, United States |
Employees
| Total Number of Employees | 4 |
|---|---|
| Investment Advisory/Research | 3 |
| Registered Broker-Dealer Representatives | 0 |
| Registered State Investment Advisers | 3 |
| Licensed Agents of an Insurance Company | 1 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 465 | $257.2M |
| Non-Discretionary | 1 | $283,773 |
| Total | 466 | $257.5M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 168 | $35.1M |
| HNW Individuals | 48 | $204.0M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | <5 | $8.7M |
| Charitable organizations | <5 | $4.8M |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | <5 | $4.8M |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
Services
| Advisory Services | Portfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers) |
|---|---|
| Compensation | % of AUMHourly charges |
Identifiers
| SEC RIA File Number | 801-38310 |
|---|---|
| SEC ERA File Number | 801-38310 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 105878 |
| Legal Entity Identifier | None |
Principal Office
1817 CRANE RIDGE DRIVESUITE 200
JACKSON
MS
United States
Monday - Friday, 8:30 - 4:30
Tel: 601-981-5900, Fax: 601-981-5939
Chief Compliance Officer
JOHN W. GARRARD II
PRESIDENT AND ASSET MANAGER
1817 CRANE RIDGE DRIVE
SUITE 200
JACKSON
MS
United States
Tel:
601-981-5900
Fax:
601-981-5939
J***@********M
(Full email address available in API data)
Industry Affiliates
| None |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| GARRARD, JOHN, WALTER | Individual | – | PRESIDENT/CHIEF COMPLIANCE OFFICER | 04/2015 | < 5% |
| GARRARD, WILLIAM, HUGH | Individual | – | EXECUTIVE VICE PRESIDENT | 04/2015 | < 5% |
| OPTIMUM HOLDINGS, LLC | Domestic Entity | – | MEMBER | 04/2015 | > 75% |
| BRUMFIELD, FRANK, SWAYZE | Individual | OPTIMUM HOLDINGS, LLC | MANAGER | 04/2007 | 25-50% |