{ "crd_number": 107588, "slug": "southeast-asset-advisors-llc-thomasville-ga-107588", "primary_business_name": "SOUTHEAST ASSET ADVISORS, LLC", "legal_name": "SOUTHEAST ASSET ADVISORS, LLC", "dbas": [], "city": "Thomasville", "state": "GA", "country": "United States", "cbsa_code": "45620", "metro": null, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1992-12-22", "years_registered": 33, "period": "2026-10-01", "filing_date": "2026-05-21", "carried_forward": false, "raum_total": 4199822999.0, "raum_discretionary": 2417726852.0, "raum_non_discretionary": 1782096147.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 14, "advisory_employees": 6, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 1005586903.0, "count": 23 }, "individuals": { "raum": 36341299.0, "count": 96 }, "state_municipal": { "raum": 52505007.0, "count": null, "fewer_than_5": true }, "pension_profit_sharing": { "raum": 32218898.0, "count": 7 }, "high_net_worth_individuals": { "raum": 2569687933.0, "count": 185 }, "pooled_investment_vehicles": { "raum": 443818945.0, "count": 7 }, "corporations_other_businesses": { "raum": 59664014.0, "count": 16 } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "financial_planning", "pension_consulting", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_pooled_vehicles", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "AL", "FL", "GA", "LA", "NC", "SC", "TN", "TX", "VA" ], "websites": [ "https://assetadvisor.com", "https://linkedin.com/company/southeast-asset-advisors-llc/about" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107588", "city_as_filed": "THOMASVILLE", "url": "https://advisorcensus.com/firm/southeast-asset-advisors-llc-thomasville-ga-107588", "display_name": "Southeast Asset Advisors, LLC", "summary": "Southeast Asset Advisors, LLC is an SEC-registered investment advisory firm in Thomasville, GA, registered since 1992, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 21, 2026.", "citation": "AdvisorCensus. Southeast Asset Advisors, LLC (CRD 107588): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges", "Fixed fees (other than subscription fees)", "Performance-based fees" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients", "Pension consulting services", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is Southeast Asset Advisors, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Southeast Asset Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); performance-based fees." }, { "q": "Where is Southeast Asset Advisors, LLC located?", "a": "Southeast Asset Advisors, LLC's principal office is in Thomasville, GA, according to its Form ADV; the June 2026 filing also lists 4 other offices (Schedule D, Section 1.F)." }, { "q": "Is Southeast Asset Advisors, LLC registered with the SEC or a state?", "a": "Southeast Asset Advisors, LLC is an SEC-registered investment advisory firm, registered since 1992. Status as filed: Approved. CRD 107588." }, { "q": "How much does Southeast Asset Advisors, LLC manage?", "a": "Southeast Asset Advisors, LLC reports $4,199,822,999 in regulatory assets under management in its Form ADV filing dated May 21, 2026 (58% discretionary)." }, { "q": "How have Southeast Asset Advisors, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Southeast Asset Advisors, LLC: Regulatory assets under management: $2,902,272,639 in the October 2021 data and $4,199,822,999 in the October 2026 data, up 45%. Total employees: 14 in October 2021 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Southeast Asset Advisors, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (185); individuals (other than high net worth individuals) (96); charitable organizations (23)." }, { "q": "Which custodians does Southeast Asset Advisors, LLC use?", "a": "Southeast Asset Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BofA Securities, Inc., Charles Schwab & Co., Inc. and Regions Bank as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Southeast Asset Advisors, LLC report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/107588" }, { "q": "Does Southeast Asset Advisors, LLC state an account minimum?", "a": "Its Form ADV Part 2A brochure dated May 21, 2026 says: \"With some exceptions, the minimum portfolio value eligible for conventional investment advisory services is $1,000,000.\"" }, { "q": "What changed in Southeast Asset Advisors, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 7 to 6. Regulatory assets under management went from $3,717,428,235 to $4,199,822,999 (+13%). Registered or notice-filed in LA." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 2902272639.0, "total_employees": 14, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 3689542420.0, "total_employees": 13, "filing_date": "2022-05-17" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3239114249.0, "total_employees": 15, "filing_date": "2023-07-20" }, { "period": "2024-10-01", "regulatory_assets_under_management": 3747179661.0, "total_employees": 14, "filing_date": "2024-05-14" }, { "period": "2025-10-01", "regulatory_assets_under_management": 3717428235.0, "total_employees": 15, "filing_date": "2025-06-02" }, { "period": "2026-10-01", "regulatory_assets_under_management": 4199822999.0, "total_employees": 14, "filing_date": "2026-05-21" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 7 to 6.", "Regulatory assets under management went from $3,717,428,235 to $4,199,822,999 (+13%).", "Registered or notice-filed in LA." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated May 21, 2026", "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "$1,000,000", "account_minimum_may_be_waived": true, "minimum_annual_fee": null, "figures": [ { "label": "Account minimum", "statements": [ "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)" ], "quotes": [ "With some exceptions, the minimum portfolio value eligible for conventional investment advisory services is $1,000,000." ] } ], "quotes": [ "With some exceptions, the minimum portfolio value eligible for conventional investment advisory services is $1,000,000." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "BofA Securities, Inc.", "name_as_filed": "BOFA SECURITIES, INC.", "affiliated": false }, { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "Regions Bank", "name_as_filed": "REGIONS BANK", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/southeast-asset-advisors-llc-thomasville-ga-107588.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 96, "fewer_than_5": false, "raum": 36341299.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 185, "fewer_than_5": false, "raum": 2569687933.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 7, "fewer_than_5": false, "raum": 443818945.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 7, "fewer_than_5": false, "raum": 32218898.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 23, "fewer_than_5": false, "raum": 1005586903.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": null, "fewer_than_5": true, "raum": 52505007.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 16, "fewer_than_5": false, "raum": 59664014.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107588", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }