Leavell Investment Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 51–100 clients last fiscal year.
Leavell Investment Management reports 3,023 clients. They include 2,314 individual clients, 536 high-net-worth individuals, and 72 corporations and other businesses. Of its assets, 93.2% ($3.17B across 2,984 accounts) are managed with discretion; $231M across 39 accounts are not. It advised 11 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 77% | 14% |
| High-net-worth individuals | 18% | 56% |
| Banking or thrift institutions | 0% | 0% |
| Investment companies | <1% | 5% |
| Pension and profit-sharing plans | 1% | 7% |
| Other client typesCharitable organizations; State or municipal government entities; Other investment advisers; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses; Other | 4% | 18% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 2,314 | $475M | 13.9% | $205K |
| High-net-worth individuals | 536 | $1.9B | 55.7% | $3.54M |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| Investment companies | 2 | $185M | 5.4% | $92.6M |
| Pension and profit-sharing plans | 43 | $227M | 6.7% | $5.28M |
| Charitable organizations | 22 | $133M | 3.9% | $6.05M |
| State or municipal government entities | Fewer than 5 | $0 | 0.0% | — |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| Insurance companies | Fewer than 5 | $0 | 0.0% | — |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 | 0.0% | — |
| Corporations and other businesses | 72 | $258M | 7.6% | $3.59M |
| Other | 34 | $231M | 6.8% | $6.79M |
| Total | 3,023 | $3.4B | 100% | — |
- Clients
- 2,314
- Regulatory AUM
- $475M
- AUM share
- 13.9%
- Avg. per client
- $205K
- Clients
- 536
- Regulatory AUM
- $1.9B
- AUM share
- 55.7%
- Avg. per client
- $3.54M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 2
- Regulatory AUM
- $185M
- AUM share
- 5.4%
- Avg. per client
- $92.6M
- Clients
- 43
- Regulatory AUM
- $227M
- AUM share
- 6.7%
- Avg. per client
- $5.28M
- Clients
- 22
- Regulatory AUM
- $133M
- AUM share
- 3.9%
- Avg. per client
- $6.05M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 72
- Regulatory AUM
- $258M
- AUM share
- 7.6%
- Avg. per client
- $3.59M
- Clients
- 34
- Regulatory AUM
- $231M
- AUM share
- 6.8%
- Avg. per client
- $6.79M
Total
- Clients
- 3,023
- Regulatory AUM
- $3.4B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 11
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Leavell Investment Management charges up to 1.25% for its Fee Schedule. The brochure does not state whether the rate is annual. The fee is billed in advance, is negotiable and has a $5,000 annual minimum. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Bookkeeping and bill pay
- General bookkeeping and bill pay services are negotiated on an individual basis; the brochure gives no rate.
The leadership team of Leavell Investment Management includes President Eugene Grinstead, Chief Financial Officer Randall Freeman and Chief Compliance Officer Margaret Alves. It has 36 employees, 24 of them in advisory roles.
Staff
- 36 employees
- 24 in advisory functions
- 24 state-registered reps
- 1 soliciting firm
- Owns 10% to 25% of Leavell Investment Management, Inc.
Janet Hayes
Control person · since July 2004
- Owns 10% to 25% of Leavell Investment Management, Inc.
Michael Teel
since December 2006
- Owns 10% to 25% of Leavell Investment Management, Inc.
Richard Anthony
since December 2006
- Owns 10% to 25% of Leavell Investment Management, Inc.
Richard Stimpson
Control person · since December 2006
- Owns 10% to 25% of Leavell Investment Management, Inc.
John Williams
Control person · since December 2008
- Owns 10% to 25% of Leavell Investment Management, Inc.
William Nicrosi
Control person · since July 2014
- Owns 5% to 10% of Leavell Investment Management, Inc.
Eugene Grinstead
Control person · since January 2014
Leavell Investment Management’s regulatory assets grew 1.8× from $1.89B (May 2021) to $3.4B (September 2026); clients rose from 1,875 to 3,023 and employees from 27 to 36.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Sep 2026September 2026 | $3.4B | 3,023 | 36 | 8 |
| Mar 2025March 2025 | $2.97B | 2,847 | 34 | 6 |
| Mar 2024March 2024 | $2.49B | 2,543 | 31 | 5 |
| Mar 2023March 2023 | $2.14B | 2,366 | 29 | 5 |
| Mar 2022March 2022 | $2.32B | 2,168 | 28 | 3 |
| May 2021May 2021 | $1.89B | 1,875 | 27 | 3 |
Besides its headquarters, Leavell Investment Management has 7 offices (4 private residences, listed without an address), with 4 listed addresses in 1 state.
Alabama · 4 listed addresses
- 210 Saint Joseph Street, MobileHQ
- 2712 18th Place South, Birmingham
- 557 Fairhope Avenue, Fairhope
- 3800 Airport Boulevard, Mobile
Other business names
Leavell Investment Management has reported 1 other business name to the SEC.
- Leavell Investments
Contact and registration details
- Legal name
- Leavell Investment Management, Inc.
- Headquarters
- 210 Saint Joseph Street, Mobile, AL 36602
- Website
- leavellinvestments.com
- Phone
- 251-433-3709
- @leavell-investment-management
- SEC file
- 801-14752
- Structure
- Alabama corporation
- Fiscal year end
- December
Leavell Investment Management’s named custodian for separately managed accounts is Charles Schwab ($2.68B). Leavell Investment Management has custody of $2.14B for 1,975 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Orlando, FL · $2.68B100%
At year end, Leavell Investment Management’s separately managed accounts were mostly in funds (61%) and stocks (35%). Its reported 13F holdings for the quarter ended 30 June 2026 total $2.74B across 633 positions; the largest are Nvidia Corp. (6.4%), Vanguard Mega Cap ETF (5.1%) and Apple Inc. (2.6%).
What the accounts hold
- Stocks35%
- Funds61%
- Bonds2%
- U.S. government and agency bonds1%
- State and local bonds1%
- Other2%
- Timber, mineral rights, cds, cmos, loans, etc.2%
How many clients does Leavell Investment Management have?
Leavell Investment Management has 3,023 clients and manages $3.4 billion for them, as of September 2026. They include 2,314 individual clients, 536 high-net-worth individuals, and 72 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 22 September 2026
What services does Leavell Investment Management offer?
Leavell Investment Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Leavell Investment Management charge?
Leavell Investment Management charges up to 1.25% for its Fee Schedule. The brochure does not state whether the rate is annual. The fee is billed in advance, is negotiable and has a $5,000 annual minimum.
Which custodians does Leavell Investment Management use?
Leavell Investment Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Orlando, FL), with $2.68B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 22 September 2026
How many financial advisors does Leavell Investment Management have?
Leavell Investment Management has 24 investment adviser representatives registered with state securities authorities, out of 36 employees, and 24 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 Leavell Investment Management invest in?
At the end of its last fiscal year, Leavell Investment Management’s separately managed accounts held 61% registered funds (mutual funds, ETFs, BDCs), 35% exchange-traded equities, 2% other, 1% U.S. government and agency bonds and 1% state and local bonds. The 2% other category is described as: Timber, Mineral Rights, CDS, Cmos, Loans, Etc.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Leavell Investment Management?
Leavell Investment Management’s direct owners are Janet Hayes, Michael Teel, Richard Anthony, Richard Stimpson, John Williams, Eugene Grinstead and William Nicrosi, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 22 September 2026
How does Leavell Investment Management get paid?
Leavell Investment Management 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 Leavell Investment Management?
Leavell Investment Management’s main office is at 210 Saint Joseph Street, Mobile, AL 36602. Its phone number is 251-433-3709. Its website is leavellinvestments.com.