Parthenon LLC

Parthenon LLC is a Registered Investment Adviser founded in 1999 by its four principals: J. McFerran Barr, II, Tony H. Coffey, Thomas A. Corea, and Todd P. Lowe. The firm specializes in working with families, trusts, family foundations, and related entities, offering equity and fixed income management services. Parthenon tailors portfolios to each client based on their profile and tolerances, focusing on tradable equity and fixed income securities. The firm's investment philosophy involves owning companies with consistent earning power and high returns on assets and equity, aiming to outperform the market by purchasing securities at a discount to intrinsic value. Parthenon's fee structure is 1% on the first $2 million of assets under management, 0.75% on the next $3 million, and 0.50% on amounts over $5 million, with a minimum annual fee of $10,000. The firm typically manages client portfolios discretionarily, with clients having the option to place limitations on investment sectors. Parthenon does not engage in wrap fee programs and does not provide economic benefits for client referrals. The firm also acts as the advisor and general partner for Fort Nelson Partners, LP, which is available only to accredited investors and may collect performance-based fees. Parthenon does not engage in any business other than providing investment advice.