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RIA / WealthRegistered adviserformer SEC advisernot on rosterRAUM under $100M

COMMERCE ASSET MANAGEMENT, LLC

CRD 159561

MEMPHIS, TN

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Search this name across graphsid dfx:ria:151e411c-66b9-2846-6f96-458c4fcf203f

Data as of Mar 29, 2022 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 12:45 PM UTC and rebuilt at most every 15 minutes.

Relationships: 11
Dated events: 0
On other graphs: 0
Observed: Nov 15, 2011 to Mar 29, 2022
29 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $5.9MItem 5.F on the latest filing (2022-03-29); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $5.9M
Private client RAUM: $5.9MderivedItem 5.D individuals plus high net worth individuals
Private client share: 100%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 2
Advisory employees: 2
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 3
High net worth clients: 3
SEC number: 801-72903
CRD: 159561
Filings on the tape: 29
First filed: Nov 15, 2011
Latest filed: Mar 29, 2022
Organised: Limited Liability Company, Delaware

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
HERITAGE HEDGED EQUITY FUND, LP	Hedge Fund	$36,836	Jul 30, 2015	8	Apr 2, 2012	dropped	021-75547
HERITAGE HEDGED EQUITY FUND, LTD	Hedge Fund	$10,492	Jul 30, 2015	2	Mar 30, 2012	dropped	021-116453

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
BF LEASING LLC	MEMBER OF COMMERCE HOLDINGS LLC	C	yes	07/2012	Aug 13, 2012	Mar 29, 2022
BYRCE, THOMAS, J	MANAGING MEMBER OF BF LEASING	D	yes	07/2012	Aug 13, 2012	Mar 29, 2022
COMMERCE HOLDINGS, LLC	Member	E	yes	08/2009	Nov 15, 2011	Mar 29, 2022
ROBINSON, JOSEPH, VINCENT	CEO COMMERCE HOLDINGS, LLC/CCO	Na	yes	07/2012	Nov 15, 2011	Mar 29, 2022
VOLDENG, KURT, AUSTIN	CIO/COO/COMMERCE HOLDINGS, LLC EMC MEMBER	Na	yes	07/2012	Nov 15, 2011	Mar 29, 2022
WOODMANSEE, WILLIAM, DAVID	PRESIDENT COMMERCE ADVISORS, LLC/COMMERCE HOLDINGS,LLC EMC MEMBER	Na	yes	11/2010	Aug 13, 2012	Mar 29, 2022

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
COMMERCE ADVISORS, LLC	n/a	Independent wealth	$338M	Y	yes	n/a

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2021	Mar 29, 2022	$5.9M	$5.9M	2	2	0	n/a	n/a
2020	Mar 26, 2021	$5.0M	$5.0M	2	2	0	n/a	n/a
2019	Mar 24, 2020	$4.3M	$4.2M	2	2	0	n/a	n/a
2018	Mar 27, 2019	$4.1M	$4.1M	2	2	0	n/a	n/a
2017	Mar 23, 2018	$4.2M	$4.2M	2	2	0	n/a	n/a
2016	Mar 31, 2017	$7.6M	$7.5M	2	2	n/a	n/a	n/a
2015	Mar 30, 2016	$57.5M	$6.9M	3	2	n/a	n/a	n/a
2014	Mar 26, 2015	$78.7M	$9.3M	3	2	n/a	2	$47,328
2013	Mar 20, 2014	$277M	$41.9M	4	3	n/a	2	$33.8M
2012	Mar 28, 2013	$386M	$40.2M	5	4	n/a	2	$35.2M
2011	Mar 30, 2012	$17.1M	$17.1M	n/a	n/a	n/a	1	$17.1M

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2021	$5.9M	$5.0M	18.9%	$4.1M	13.0%	2	2	0	0

Relationships

Affiliated with (1)

→ COMMERCE ADVISORS, LLCRegistered adviserother investment adviser, control, common control
factForm ADV

Controls (6)

← WOODMANSEE, WILLIAM, DAVIDOwnerPRESIDENT COMMERCE ADVISORS, LLC/COMMERCE HOLDINGS,LLC EMC MEMBER, ownership code NA, individual
Aug 13, 2012 to presentfactForm ADV
← ROBINSON, JOSEPH, VINCENTOwnerCEO COMMERCE HOLDINGS, LLC/CCO, ownership code NA, individual
Nov 15, 2011 to presentfactForm ADV
← VOLDENG, KURT, AUSTINOwnerCIO/COO/COMMERCE HOLDINGS, LLC EMC MEMBER, ownership code NA, individual
Nov 15, 2011 to presentfactForm ADV
← BYRCE, THOMAS, JOwnerMANAGING MEMBER OF BF LEASING, ownership code D, individual
Aug 13, 2012 to presentfactForm ADV
← BF LEASING LLCOwnerMEMBER OF COMMERCE HOLDINGS LLC, ownership code C, domestic entity
Aug 13, 2012 to presentfactForm ADV
← COMMERCE HOLDINGS, LLCOwnerMEMBER, ownership code E, domestic entity
Nov 15, 2011 to presentfactForm ADV

Registered with (2)

← KURT AUSTIN VOLDENGAdvisorregistration: previous registration
Apr 2, 2012 to Aug 23, 2022factForm ADV
← JOHN CARTER GIOVANNETTIAdvisorregistration: previous registration
Nov 16, 2012 to Apr 1, 2013factForm ADV

Advises (2)

→ HERITAGE HEDGED EQUITY FUND, LPPrivate fundHedge Fund, IA, no longer reported
Apr 2, 2012 to Jul 30, 2015factForm ADV
→ HERITAGE HEDGED EQUITY FUND, LTDPrivate fundHedge Fund, IA, no longer reported
Mar 30, 2012 to Jul 30, 2015factForm ADV

Dated events

No dated event names this entity yet.

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:151e411c-66b9-2846-6f96-458c4fcf203f
First observed: Nov 15, 2011
Last observed: Mar 29, 2022 54 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

COMMERCE ASSET MANAGEMENT, LLC

CRD 159561

MEMPHIS, TN

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:151e411c-66b9-2846-6f96-458c4fcf203f

Data as of Mar 29, 2022 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 12:45 PM UTC and rebuilt at most every 15 minutes.

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

HERITAGE HEDGED EQUITY FUND, LP

Hedge Fund

$36,836

Jul 30, 2015

Apr 2, 2012

dropped

021-75547

HERITAGE HEDGED EQUITY FUND, LTD

Hedge Fund

$10,492

Jul 30, 2015

Mar 30, 2012

dropped

021-116453

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

BF LEASING LLC

MEMBER OF COMMERCE HOLDINGS LLC

yes

07/2012

Aug 13, 2012

Mar 29, 2022

BYRCE, THOMAS, J

MANAGING MEMBER OF BF LEASING

yes

07/2012

Aug 13, 2012

Mar 29, 2022

COMMERCE HOLDINGS, LLC

Member

yes

08/2009

Nov 15, 2011

Mar 29, 2022

ROBINSON, JOSEPH, VINCENT

CEO COMMERCE HOLDINGS, LLC/CCO

yes

07/2012

Nov 15, 2011

Mar 29, 2022

VOLDENG, KURT, AUSTIN

CIO/COO/COMMERCE HOLDINGS, LLC EMC MEMBER

yes

07/2012

Nov 15, 2011

Mar 29, 2022

WOODMANSEE, WILLIAM, DAVID

PRESIDENT COMMERCE ADVISORS, LLC/COMMERCE HOLDINGS,LLC EMC MEMBER

yes

11/2010

Aug 13, 2012

Mar 29, 2022

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

COMMERCE ADVISORS, LLC

n/a

Independent wealth

$338M

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2021

Mar 29, 2022

$5.9M

n/a

2020

Mar 26, 2021

$5.0M

n/a

2019

Mar 24, 2020

$4.3M

$4.2M

n/a

2018

Mar 27, 2019

$4.1M

n/a

2017

Mar 23, 2018

$4.2M

n/a

2016

Mar 31, 2017

$7.6M

$7.5M

n/a

2015

Mar 30, 2016

$57.5M

$6.9M

n/a

2014

Mar 26, 2015

$78.7M

$9.3M

n/a

$47,328

2013

Mar 20, 2014

$277M

$41.9M

n/a

$33.8M

2012

Mar 28, 2013

$386M

$40.2M

n/a

$35.2M

2011

Mar 30, 2012

$17.1M

n/a

$17.1M

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2021

$5.9M

$5.0M

18.9%

$4.1M

13.0%