Lbmc Investment Advisors Llc
- Regulatory AUM
- $2.2B
- Discretionary
- $2.2B
- Clients
- 513
- Avg AUM / client
- $4.3M
- Accounts
- 1,667
- Employees
- 8
AUM over time
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 200 | $68.5M | 3.08% |
| High net worth individuals | 285 | $2.1B | 94.7% |
| Charitable organizations | 7 | $11.5M | 0.52% |
| Corporations and other businesses | 21 | $38.3M | 1.72% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Bradley Arant Boult Cummings Llp Retirement Plan Bradley Arant Boult Cummings Llp | 2024 | |
| Baker Donelson Bearman Caldwell & Berkowitz Retirement Savings Plan Baker Donelson Bearman Caldwell & Berkowitz P.C. | 2024 |
People (7)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Morgan, David, Kenneth | Secretary, Director | Jan 1998 (29y) | Less than 5% | |
| Gregory Michael Herman | President, Director | CFP | Sep 2000 (26y) | 10% – 25% |
| Litchfield, John, Alfred | Treasurer | Oct 2013 (13y) | GP / trustee / elected manager of Lbmc Financial Services, Llc (indirect) | |
| Derek Christopher Bland | Shareholder Investment Adviser | CFP Personal Financial Specialist | Dec 2014 (12y) | 10% – 25% |
| Andrew St. John Reid | Shareholder Investment Adviser | CFP | Dec 2019 (7y) | Less than 5% |
| Hill, Tracey | Chief Compliance Officer | Feb 2022 (5y) | Less than 5% | |
| Thomas Clay Hatfield | Registered representative | Aug 2024 (2y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Lbmc Financial Services, Llc | Parent Company | Jan 1998 | A | 50% – 75% |
Undisclosed: 0% – 30% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (2)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Bradley Arant Boult Cummings Llp Retirement Plan | Bradley Arant Boult Cummings Llp | 1,172 | $694M | 01/01/2024 |
| Baker Donelson Bearman Caldwell & Berkowitz Retirement Savings Plan | Baker Donelson Bearman Caldwell & Berkowitz P.C. | 1,160 | $628M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 1.09 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Portfolio management for individuals/small businesses
- • Other services
Custody
Reported custodians
- Charles Schwab & Co. $1.6B (72% of AUM) Mar 2026
- National Financial Services (Fidelity) $608M (27% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗