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.

Former SEC-registered adviser

Jolley Asset Management, LLC

Former SEC-registered adviserRocky Mount, North CarolinaCRD 113600SEC 801-60529IAPD
Latest filing Mar 17, 2020
First filing on the tape Mar 26, 2012 · 20 filings
RAUM
$283M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
91%
$257M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$283M as of Mar 17, 2020
Mar 26, 2012$148M then
HNW client RAUM$236M as of Mar 17, 2020
Mar 8, 2018$204M then
State-registered IARs (5.B.3)5 as of Mar 17, 2020
Feb 28, 20133 then
Employees (5.A)5 as of Mar 17, 2020
Feb 28, 20133 then
Private funds1 as of Mar 8, 2018
Mar 26, 20121 then
RAUM +16% over the last fiscal year+7.2% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 17, 2020; every figure names its basis
RAUM per advisor
$56.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
48derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.7MderivedHNW RAUM over HNW clients
Average account
$687,061derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
2.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
5.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+16%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+7.6%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$56.7M, 35 clientsreportedItem 9.A
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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$236M83%
  • Individuals$21.1M7.4%
  • Corporations and businesses$15.3M5.4%
  • Charitable organizations$6.3M2.2%
  • Other investment advisers$3.5M1.2%
  • Pension and profit-sharing plans$693,8630.2%
Individual clients
99reported
HNW clients
141reported
Pension plan clients
1reported
Charitable clients
4reported
Accounts
412reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $1.1M managedreported
Custody of client assets
$56.7M for 35 clientsreported
Compensation
% of AUMreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    1 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Jam Partners, LPno longer reportedHedge Fund$9.5M23Mar 26, 2012
    Owners and control persons
    Schedule A and B, latest filing
    • Gehman Frank Jolley · President, Managing Member, Chief Investment Officercontrol
      since 07/1998 · owns 50% to 75%
    • Henry William Collier · Vice President, Member, Senior Portfolio Manager
      since 01/2016 · owns 10% to 25%
    • Webb Terry Sapp · Vice President - Chief Compliance Officer
      since 02/2006 · owns less than 5%
    • Alan William Vogel · Member
      since 07/1998 · owns 10% to 25%
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 368 to 412
      Dec 5, 2019 to Mar 17, 2020
    • Advisory employees · 5 to 4
      Dec 5, 2019 to Mar 17, 2020
    • Charity clients · 5 to 4
      Dec 5, 2019 to Mar 17, 2020
    • Corporate clients · unset to 9.0
      Dec 5, 2019 to Mar 17, 2020
    • HNW clients · 130 to 141
      Dec 5, 2019 to Mar 17, 2020
    • Individual clients · 93 to 99
      Dec 5, 2019 to Mar 17, 2020
    • Pension plan clients · unset to 1.0
      Dec 5, 2019 to Mar 17, 2020
    • Assets in custody · $53.8M to $56.7M
      Dec 5, 2019 to Mar 17, 2020
    • Discretionary RAUM · $244M to $283M
      Dec 5, 2019 to Mar 17, 2020
    • HNW RAUM · $207M to $236M
      Dec 5, 2019 to Mar 17, 2020
    • Individual RAUM · $21.4M to $21.1M
      Dec 5, 2019 to Mar 17, 2020
    • Pension RAUM · $652,705 to $693,863
      Dec 5, 2019 to Mar 17, 2020
    • RAUM · $244M to $283M
      Dec 5, 2019 to Mar 17, 2020
    • Wrap assets (manager) · $398,257 to $1.1M
      Dec 5, 2019 to Mar 17, 2020
    • Advisory activities · 2 to 3
      Apr 24, 2019 to Jul 9, 2019
    • Financial planning clients · unset to 0
      Apr 24, 2019 to Jul 9, 2019
    • Accounts · 362 to 368
      Nov 28, 2018 to Mar 8, 2019
    • Advisory employees · 4 to 5
      Nov 28, 2018 to Mar 8, 2019
    • Advisory activities · 3 to 2
      Nov 28, 2018 to Mar 8, 2019
    • Charity clients · 6 to 5
      Nov 28, 2018 to Mar 8, 2019
    • HNW clients · 220 to 130
      Nov 28, 2018 to Mar 8, 2019
    • Individual clients · 131 to 93
      Nov 28, 2018 to Mar 8, 2019
    • Pooled vehicle clients · 1 to 0
      Nov 28, 2018 to Mar 8, 2019
    • Assets in custody · $97.6M to $53.8M
      Nov 28, 2018 to Mar 8, 2019
    • Employees · 4 to 5
      Nov 28, 2018 to Mar 8, 2019
    • State-registered IARs · 4 to 5
      Nov 28, 2018 to Mar 8, 2019
    • Private funds · 1 to unset
      Nov 28, 2018 to Mar 8, 2019
    • Discretionary RAUM · $251M to $244M
      Nov 28, 2018 to Mar 8, 2019
    • HNW RAUM · $204M to $207M
      Nov 28, 2018 to Mar 8, 2019
    • Individual RAUM · $26.2M to $21.4M
      Nov 28, 2018 to Mar 8, 2019
    • Pension RAUM · $751,333 to $652,705
      Nov 28, 2018 to Mar 8, 2019
    • Pooled vehicle RAUM · 9482188.0 to unset
      Nov 28, 2018 to Mar 8, 2019
    • RAUM · $251M to $244M
      Nov 28, 2018 to Mar 8, 2019
    • Wrap assets (manager) · unset to 398257.0
      Nov 28, 2018 to Mar 8, 2019
    • Wrap assets (sponsor) · unset to 0.0
      Nov 28, 2018 to Mar 8, 2019
    • Advisory employees · 3 to 4
      Feb 21, 2017 to Mar 8, 2018
    • Charity clients · unset to 6.0
      Feb 21, 2017 to Mar 8, 2018
    • HNW clients · unset to 220.0
      Feb 21, 2017 to Mar 8, 2018
    • Individual clients · unset to 131.0
      Feb 21, 2017 to Mar 8, 2018
    • Pooled vehicle clients · unset to 1.0
      Feb 21, 2017 to Mar 8, 2018
    Signals
    No event on the tape.
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    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
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026