Sherclar, Inc (Charlotte)


Sherclar, Inc is a large advisory firm based in Charlotte. It manages $96.77 million of regulatory assets for 352 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of North Carolina and South Carolina.

Sherclar provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sherclar: assets under management

The assets under management (AUM) of Sherclar, Inc is $96.77 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $96.77 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $274.92 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is state and local bonds, which make up 11% of the firm’s portfolio. Investments in investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sherclar, Inc for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Sherclar serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Sherclar is high net worth individuals with 30 clients and $66.25 million of assets under management. Among the 6 most similar advisory firms, Sherclar has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $96.77 million for 111 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Sherclar doesn't advise any private funds.

Careers at Sherclar, Inc

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
William Eric Clark President and chief compliance officer 1 Jan 2013 75% - 100% 4853066
Cheryl J Sherrard Secretary 1 Jan 2013 25% - 50% 4853040

Based in Charlotte

The principal office where Sherclar, Inc performs its advisory services is located at 6836 Morrison Blvd., Charlotte, NC 28211 The mailing address of the firm is 6836 Morrison Blvd., Charlotte, NC 28211. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 704-837-4317 or by fax 980-322-0465. The normal business hours are 8:30 - 5:00 on Monday - Friday. You can find more information about the New York firm at clearviewwealthmgmt.com.