LBMC Investment Advisors provides portfolio management for individuals and small businesses.
LBMC Investment Advisors reports 513 clients. They include 285 high-net-worth individuals, 200 individual clients, and 21 corporations and other businesses. Of its assets, 100.0% ($2.23B across 1,667 accounts) are managed with discretion. It advised 5 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 39% | 3% |
| High-net-worth individuals | 56% | 95% |
| Charitable organizations | 1% | <1% |
| Corporations and other businesses | 4% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 200 | $68.5M | 3.1% | $343K |
| High-net-worth individuals | 285 | $2.11B | 94.7% | $7.4M |
| Charitable organizations | 7 | $11.5M | 0.5% | $1.65M |
| Corporations and other businesses | 21 | $38.3M | 1.7% | $1.82M |
| Total | 513 | $2.23B | 100% | $4.34M |
- Clients
- 200
- Regulatory AUM
- $68.5M
- AUM share
- 3.1%
- Avg. per client
- $343K
- Clients
- 285
- Regulatory AUM
- $2.11B
- AUM share
- 94.7%
- Avg. per client
- $7.4M
- Clients
- 7
- Regulatory AUM
- $11.5M
- AUM share
- 0.5%
- Avg. per client
- $1.65M
- Clients
- 21
- Regulatory AUM
- $38.3M
- AUM share
- 1.7%
- Avg. per client
- $1.82M
Total
- Clients
- 513
- Regulatory AUM
- $2.23B
- AUM share
- 100%
- Avg. per client
- $4.34M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 5
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
LBMC Investment Advisors charges 0.50%–1.00% a year for its Portfolio Management. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and has a $2,000 annual minimum.
| Asset band | Annual rate |
|---|---|
| $0–$2M | 1.00% |
| $2M–$4M | 0.75% |
| $4M–$6M | 0.65% |
| $6M–$10M | 0.60% |
| $10M and above | 0.50% |
Fee details and sources
LBMC Financial Services, LLC owns 50% to 75% of LBMC Investment Advisors. The leadership team of LBMC Investment Advisors includes President Gregory Herman and Chief Compliance Officer Myles Blechner. It has 8 employees, 3 of them in advisory roles.
Leadership
- Gregory HermanPresident, Director
- Myles BlechnerChief Compliance Officer
- Derek BlandInvestment Advisor, Shareholder As of 12/2014 Director As of 01/2025
- John LitchfieldDirector As of 01/2025 Treasurer As of 01/2022
- David MorganDirector Since 01/1998, Secretary As of 1/1/2025
- Andrew ReidInvestment Advisor, Shareholder As of 12/2019 Director As of 01/2025
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
- Derek Christopher Bland
- Thomas Clay Hatfield
- Gregory Michael Herman
- Andrew St. John Reid
Staff
- 8 employees
- 3 in advisory functions
- 4 state-registered reps
- 8 soliciting firms
- Owns 50% to 75% of LBMC Investment Advisors LLC
LBMC Financial Services, LLC
Control person · since January 1998
- Owns 10% to 25% of LBMC Investment Advisors LLC
Gregory Herman
Control person · since September 2000
- Owns 10% to 25% of LBMC Investment Advisors LLC
Derek Bland
since December 2014
LBMC Investment Advisors’ regulatory assets grew from $1.52B (February 2021) to $2.23B (March 2026); clients rose from 425 to 513 and employees fell from 9 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $2.23B | 513 | 8 | 5 |
| January 2025 | $1.95B | 491 | 8 | 5 |
| February 2024 | $1.81B | 553 | 7 | 4 |
| June 2023 | $1.62B | 501 | 9 | 3 |
| March 2022 | $1.9B | 488 | 9 | 3 |
| February 2021 | $1.52B | 425 | 9 | 3 |
Besides its headquarters, LBMC Investment Advisors has 4 offices, with 5 listed addresses in Kentucky and Tennessee.
Tennessee · 4 listed addresses
- 201 Franklin Road, Suite 400, BrentwoodHQ
- 605 Chestnut Street, Chattanooga
- 2095 Lakeside Centre Way, Knoxville
- 5100 Poplar Avenue, Memphis
Kentucky · 1 listed address
- 325 West Main Street, Louisville
Contact and registration details
- Legal name
- LBMC Investment Advisors LLC
- Headquarters
- 201 Franklin Road, Suite 400, Brentwood, TN 37027
- Website
- lbmcinvestmentadvisors.com
- Phone
- 615-377-4603
- View profile
- SEC file
- 801-55589
- Founded
- 1998
- Structure
- Tennessee LLC
- Fiscal year end
- December
LBMC Investment Advisors uses Charles Schwab ($1.61B, 73%) and Fidelity ($608M, 27%) as custodians for its separately managed accounts. LBMC Investment Advisors has custody of client assets.
- FidelityNational Financial Services LLC · Boston, MA · $608M27%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.61B73%
At year end, LBMC Investment Advisors’ separately managed accounts were mostly in funds (74%) and bonds (18%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.85B across 245 positions; the largest are iShares TR (16.9%), Invesco Exchange Traded FD T (15.2%) and iShares TR (11.4%).
What the accounts hold
- Stocks9%
- Funds74%
- Registered funds68%
- Pooled vehicles6%
- Bonds18%
- State and local bonds9%
- Investment grade corporate bonds4%
- High-yield corporate bonds3%
- U.S. government and agency bonds2%
Reported 13F holdings
- $1.85B
- Reported 13F value
- 245
- Positions
- 61.7%
- In the 10 largest
- +12.5%
- Value vs. prior quarter
- iShares TR · Core S&P500 ETF16.9%
- Invesco Exchange Traded FD T · S&P500 Eql Wgt15.2%
- iShares TR · Russell 2000 ETF11.4%
- iShares TR · Core High DV ETF3.4%
- iShares TR · Core MSCI Eafe3.3%
- iShares TR · MSCI Eafe ETF2.7%
- iShares TR · Ibonds 28 TR HI2.5%
- iShares TR · Ibonds 29 TR HI2.2%
- iShares TR · Ibon 2027 TE ETF2.1%
- iShares TR · Select Divid ETF2.0%
Together, the ten largest are 61.7% of reported value.
How many clients does LBMC Investment Advisors have?
LBMC Investment Advisors has 513 clients and manages $2.23 billion for them, as of March 2026. They include 285 high-net-worth individuals, 200 individual clients, and 21 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does LBMC Investment Advisors offer?
LBMC Investment Advisors provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does LBMC Investment Advisors charge?
LBMC Investment Advisors charges 0.50%–1.00% a year for its Portfolio Management. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and has a $2,000 annual minimum.
Which custodians does LBMC Investment Advisors use?
LBMC Investment Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.61B and National Financial Services LLC (Boston, MA), with $608M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does LBMC Investment Advisors have?
LBMC Investment Advisors has 4 investment adviser representatives registered with state securities authorities, out of 8 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does LBMC Investment Advisors invest in?
At the end of its last fiscal year, LBMC Investment Advisors’ separately managed accounts held 68% registered funds (mutual funds, ETFs, BDCs), 9% exchange-traded equities, 9% state and local bonds, 6% pooled vehicles (private funds and similar), 4% investment grade corporate bonds, 3% high-yield corporate bonds and 2% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns LBMC Investment Advisors?
LBMC Investment Advisors’ direct owners are Gregory Herman (10% to 25%), LBMC Financial Services, LLC (50% to 75%) and Derek Bland (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does LBMC Investment Advisors get paid?
LBMC Investment Advisors is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact LBMC Investment Advisors?
LBMC Investment Advisors’ main office is at 201 Franklin Road, Suite 400, Brentwood, TN 37027. Its phone number is 615-377-4603. Its website is lbmcinvestmentadvisors.com.