Day & Ennis, LLC (Macon)


Day & Ennis, LLC is a large advisory firm based in Macon. It manages $249.75 million of regulatory assets for 697 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdiction of Georgia.

Day & Ennis 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 more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Day & Ennis: assets under management

The assets under management (AUM) of Day & Ennis, LLC is $249.75 million. The firm's AUM has grown by 80% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $248.72 million in discretionary accounts and $1.02 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $363.1 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $85.36 thousand.
Day & Ennis has custody of $71.22 million in cash and securities for 74 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 73% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Day & Ennis, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Richard Day serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of John Richard Day is high net worth individuals with 76 clients and $187.61 million of assets under management. Among the 12 most similar advisory firms, Day & Ennis has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $249.75 million for 224 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.

Day & Ennis doesn't advise any private funds.

Careers at Day & Ennis, LLC

The company employs 6 people that are either part- or full-time employees. 67 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.

John Richard Day has been acting as President since 1 Jun 1998. Matthew Edward Heller joined the executive team most recently as the Member, Senior Financial Planner.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
John Richard Day President/managing member 1 Jun 1998 25% - 50% 3063323
William Winston Ennis Member, chief compliance officer 1 Jul 2004 Other 4771832
Stephanie Gandy Hall Member, operations manager 1 Dec 2012 Other 6139985
Stephanie Gandy Davidson Operations manager 1 Dec 2012 Other 6139985
Matthew Edward Heller Member, senior financial planner 1 Jan 2018 25% - 50% 5050933

Based in Macon

The principal office where Day & Ennis, LLC performs its advisory services is located at 125 Plantation Centre Drive South, Macon, GA 31210, which is also the mailing address of the firm. An additional office of the firm is in Blairsville, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 478-474-7480 or by fax 478-474-1980. The normal business hours are 8:30 a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at dayandennis.com.