Lon Magness is a registered investment advisor at Reliant Investment Management, LLC, based in Memphis, TN, with 22 years of industry experience. Lon operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 283 clients with $1.4B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Reliant Investment Management's fees are based on a percentage of your portfolio's value. The specific percentage depends on the type of assets in your portfolio:
- Stocks: 1.00% per year
- Stocks & Bonds: 0.75% per year
- Bonds: 0.50% per year
- Cash Management: 0.25% per year
Fees for portfolios over $50 million may be negotiable. Special projects may be undertaken on an hourly fee basis.
Location
1715 Aaron Brenner Drive, Suite 504, Memphis, TN, 38120
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Lon is a member of the Board of Directors of Evolve Bank & Trust since 2011, overseeing management decisions and functions. This non-investment related position requires minimal time.
Employment History
Current Registrations
Reliant Investment Management, LLC
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.