Avondale Advisors, LLC., an Investment Counsel firm, offers financial advisory and portfolio management services to individuals seeking capital preservation and long-term growth in quality investments. Originally founded in 1985 as The Steine & Gooch and acquired by Nashville-based Avondale Group in 2016, the company is a registered investment advisor with the state of Tennessee. Based in Nashville, Tennessee, the fee-only investment advisory firm serves as financial advisor primarily to clients who reside in Middle Tennessee. However, the firm also serves as money manager to clients in 15 other states.
The firm takes an individualized and personalized approach to each client based on the client’s own needs and desires. So, each client’s portfolio is unique rather than a boiler plate copy of a fund designed to meet a theoretical investment objective. The firm provides individually tailored investment advisory services to achieve success in an investment climate marked by increasing variety, complexity and flexibility. This environment makes independent, unbiased advice more important–and more productive–than ever before.
David Gooch and David Steine, Jr., Managing Directors of Avondale Advisors, work closely with each client to understand his or her needs and objectives for employing an effective strategy to meet those objectives over time.
Portfolio management by Avondale Advisors is aimed specifically at individuals seeking responsive, personal attention regarding their investments. In consultation with the client, the principals of the firm set guidelines by which to manage and monitor the client’s funds. The firm maintains a regular schedule of communication with the client in order to meet the specified objectives. The fee for the portfolio management services is based on the market value of the managed assets.
When managing a client’s portfolio, Avondale Advisors instructs an unaffiliated brokerage firm to buy and sell securities for the account. A third-party custodian, usually a brokerage firm or bank trust department, holds the assets for the client. As an independent advisor, Avondale Advisors uses its established relationships with brokers and banks to negotiate discounted commissions and administrative support on its clients’ behalf.
For every trade, the client receives confirmation from both the broker and Avondale Advisors. Monthly statements are sent from the custodian, supplemented by a quarterly review of the account’s performance from Avondale. This performance is compared to appropriate benchmarks and presented in graph form for quick and easy reference. Additionally, the company’s Managing Directors meet with each client routinely for account review, and at tax time, provide the necessary account information to the tax preparer.
A fee-only investment advisor, Avondale Advisors sells no financial products and receives no commissions. The market value of the assets under management determines the fee, which is charged as a percentage of the client’s total fund value. Consequently, the company’s well being is linked to the success of the client’s portfolio. Moreover, the client benefits because the fee percentage decreases as the fund value grows.
The company’s Managing Directors, David Steine, Jr. and David Gooch, work closely with each client to establish investment goals based on personal needs and objectives, in balance with risk preferences and tax consequences. Assets are then allocated among stocks, bonds and mutual funds. Unlike the approach of managers who distribute client funds among pre-selected securities, Avondale Advisors seeks specific securities and funds appropriate to the individual client’s objectives. Each portfolio holds liquid securities that are characterized by attractive fundamentals-tailored investments that can stand the test of time, beyond the flash of popularity.
In addition to direct, continual investment management, Avondale Advisors gives value-added service to its clients. The principals’ broad knowledge of financial strategy and extensive contacts can be tapped for other financial needs such as mortgage loan and personal credit line negotiation and placement. This valuable service expands Avondale Advisors understanding of the client’s financial position, complements the goals of investment management and strengthens its professional relationship with its clients.
Avondale Advisors prides itself in giving personal attention to each of its clients. Using their complementary strengths, David Steine, Jr. and David Gooch take equal responsibility for understanding the financial needs of and communicating directly with every client to provide them with the most responsive service possible.
David Steine, Jr. supervises investment services for Avondale Advisors. He has over 30 years experience managing corporate and individual trusts and pooled stock and bond funds, in addition to three years in international lending. Mr. Steine holds an MBA from Vanderbilt University’s Owen Graduate School of Management. He was a principal in he Steine & Gooch Company, Inc. until July 2016.
David Gooch manages investor and administrative services of Avondale Advisors. He has held management and administrative positions in state government and private organizations where his responsibilities included supervising private foundation funds and federal grants. Mr. Gooch holds an MBA from Vanderbilt University’s Owen Graduate School of Management. He was a principal in he Steine & Gooch Company, Inc. until July 2016.
Luther McDaniel, CPA is Director of Financial Operations for Avondale Advisors. Prior to joining the company in 1998, he was business manager for Vanderbilt University’s Athletic Department, comptroller for a publicly-traded health services company and auditor for Arthur Andersen. Mr. McDaniel holds a BS degree in accounting from the University of Alabama.
Avondale Advisors may be contacted by phone at 615-321-0222 or email at firstname.lastname@example.org. Offices are at Two American Center, 3102 West End Avenue, 11thn Floor, Nashville, TN 37203.
Avondale Advisors, LLC is a wholly owned subsidiary of Avondale Group, LLC and an affiliate of Avondale Partners, LLC.