DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Lbmc Investment Advisors, LLC
Legal name Lbmc Investment Advisors LLC
Latest filing Mar 27, 2026
First filing on the tape Mar 23, 2012 · 32 filings
SEC status approved since May 26, 1998
RAUM
$2.2B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
98%
$2.2B individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$557M
derived; firm RAUM over IAPD count
Employees
8
3 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$2.2B as of Mar 27, 2026
Mar 23, 2012$666M then
HNW client RAUM$2.1B as of Mar 27, 2026
Mar 29, 2018$1.1B then
State-registered IARs (5.B.3)4 as of Mar 27, 2026
Feb 11, 20133 then
Employees (5.A)8 as of Mar 27, 2026
Feb 11, 20135 then
Private funds: no history
RAUM +14% over the last fiscal year+11% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
- RAUM per advisor
- $557MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 121derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $7.4MderivedHNW RAUM over HNW clients
- Average account
- $1.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 0.8derived5 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +2.3%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individuals, otherreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$2.1B95%
- Individuals$68.5M3.1%
- Corporations and businesses$38.3M1.7%
- Charitable organizations$11.5M0.5%
- Individual clients
- 200reported
- HNW clients
- 285reported
- Pension plan clients
- n/areported
- Charitable clients
- 7reported
- Accounts
- 1,667reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.98 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Gregory Michael HermanCertified Financial Planner | Brentwood, Tn | Mar 11, 2004 | 26 y | 0 |
| Thomas Clay Hatfield | Brentwood, Tn | Aug 9, 2024 | 10 y | 1 |
| Derek Christopher BlandCertified Financial Planner, Personal Financial Specialist | Brentwood, Tn | Jan 1, 2026 | 21 y | 2 |
| Andrew St. John ReidCertified Financial Planner | Brentwood, Tn | Jan 1, 2026 | 11 y | 0 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Derek Christopher Bland from Strategic Wealth Management Group, LLCJan 1, 2026 · Other
- Thomas Clay Hatfield from Brasada Capital Management, LPAug 9, 2024 · RIA to RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Michael Gregory Herman · President, Directorcontrolsince 09/2000 · owns 10% to 25%
- Kenneth David Morgan · Secretary, Directorcontrolsince 01/1998 · owns less than 5%
- Alfred John Litchfield · Treasurercontrolsince 10/2013 · owns F of Lbmc Financial Services, LLC
- Christopher Derek Bland · Shareholder- Investment Advisersince 12/2014 · owns 10% to 25%
- Tracey Hill · Chief Compliance Officersince 02/2022 · owns less than 5%
- St. John Andrew Reid · Shareholder-Investment Advisersince 12/2019 · owns less than 5%
Entity owners
- Lbmc Financial Services, LLC · Parent Companydirect · owns 50% to 75%
Related persons
Schedule D 7.A
- Lbmc, Pcinsurancen
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Brentwood, Tn · principal | 4 | 2 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Chattanooga, TN3 employees
- Knoxville, TN3 employees
- Louisville, KY3 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- custody status changedChange between filings · filing Mar 27, 2026custody of client assets (Item 9.A): yes on the filing of 2026-01-02, no on the filing of 2026-03-27peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
- Accounts · 1,655 to 1,667Jan 2, 2026 to Mar 27, 2026
- Corporate clients · 10 to 21Jan 2, 2026 to Mar 27, 2026
- HNW clients · 232 to 285Jan 2, 2026 to Mar 27, 2026
- Individual clients · 242 to 200Jan 2, 2026 to Mar 27, 2026
- Assets in custody · 361386914.0 to unsetJan 2, 2026 to Mar 27, 2026
- Custody of client assets · true to falseJan 2, 2026 to Mar 27, 2026
- Discretionary RAUM · $2.0B to $2.2BJan 2, 2026 to Mar 27, 2026
- HNW RAUM · $1.6B to $2.1BJan 2, 2026 to Mar 27, 2026
- Individual RAUM · $278M to $68.5MJan 2, 2026 to Mar 27, 2026
- Pension RAUM · 241.0 to unsetJan 2, 2026 to Mar 27, 2026
- RAUM · $2.0B to $2.2BJan 2, 2026 to Mar 27, 2026
- Financial planning clients · 0 to 0Jan 29, 2025 to Sep 5, 2025
- Accounts · 1,549 to 1,655Nov 12, 2024 to Jan 29, 2025
- Advisory activities · 1 to 2Nov 12, 2024 to Jan 29, 2025
- HNW clients · 276 to 232Nov 12, 2024 to Jan 29, 2025
- Individual clients · 259 to 242Nov 12, 2024 to Jan 29, 2025
- Pension plan clients · 1.0 to unsetNov 12, 2024 to Jan 29, 2025
- Assets in custody · $256M to $361MNov 12, 2024 to Jan 29, 2025
- Employees · 7 to 8Nov 12, 2024 to Jan 29, 2025
- State-registered IARs · 3 to 4Nov 12, 2024 to Jan 29, 2025
- Other offices · 3 to 4Nov 12, 2024 to Jan 29, 2025
- Discretionary RAUM · $1.8B to $2.0BNov 12, 2024 to Jan 29, 2025
- HNW RAUM · $1.6B to $1.6BNov 12, 2024 to Jan 29, 2025
- Individual RAUM · $109M to $278MNov 12, 2024 to Jan 29, 2025
- Pension RAUM · $1.7M to $241Nov 12, 2024 to Jan 29, 2025
- RAUM · $1.8B to $2.0BNov 12, 2024 to Jan 29, 2025
- Accounts · 1,506 to 1,549Jun 14, 2023 to Feb 1, 2024
- Advisory activities · 2 to 1Jun 14, 2023 to Feb 1, 2024
- Charity clients · 5 to 7Jun 14, 2023 to Feb 1, 2024
- Corporate clients · 8 to 10Jun 14, 2023 to Feb 1, 2024
- HNW clients · 251 to 276Jun 14, 2023 to Feb 1, 2024
- Individual clients · 232 to 259Jun 14, 2023 to Feb 1, 2024
- Pension plan clients · 5 to 1Jun 14, 2023 to Feb 1, 2024
- Assets in custody · $219M to $256MJun 14, 2023 to Feb 1, 2024
- Employees · 9 to 7Jun 14, 2023 to Feb 1, 2024
- State-registered IARs · 4 to 3Jun 14, 2023 to Feb 1, 2024
- Other offices · 2 to 3Jun 14, 2023 to Feb 1, 2024
- Discretionary RAUM · $1.6B to $1.8BJun 14, 2023 to Feb 1, 2024
- HNW RAUM · $1.5B to $1.6BJun 14, 2023 to Feb 1, 2024
- Individual RAUM · $90.6M to $109MJun 14, 2023 to Feb 1, 2024
Signals
3 dated events
- Michael Roy Cain (Treasurer, Director) no longer on Schedule A of Lbmc Investment Advisors, Llc (listed 2023-02-14, absent 2023-06-14)Jun 14, 2023 · Control person left · inference
- Lbmc Investment Advisors, Llc reported RAUM $1.9B, up 25% from $1.5B (2021-02-18 to 2022-03-21)Mar 21, 2022 · RAUM change · derived
- Lbmc Investment Advisors, Llc reported RAUM $1.3B, up 26% from $1.1B (2019-03-07 to 2020-03-05)Mar 5, 2020 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business email
- info@lbmc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- andrew.mcdonald@lbmc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- bryan.wilton@lbmc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- jim.meade@lbmc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- lawrence.alexander@lbmc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- lbmccares@lbmc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- talentacquisition@lbmc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- tammy.wolcott@lbmc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- accountsreceivable@lbmc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- chris.morgan@lbmc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- debbie.elliott@lbmc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- hradmin@lbmc.comreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $557Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026