Simmons Financial Services, Inc.

The firm provides discretionary investment supervisory services to individual investors, trusts, and estates, managing approximately $1.3 million in discretionary assets across 32 client relationships and an additional $190,000 non-discretionary. Services are limited to publicly traded equities, bonds and exchange-traded funds, and fees are charged as a percentage of assets under management.

The firm typically establishes client objectives and risk tolerance in an initial meeting, then implements portfolios using a mix of long- and short-term purchases and occasional margin transactions while allowing clients to impose investment restrictions. Security analysis combines charting, fundamental and technical methods, drawing on TD Ameritrade research as well as public sources such as financial newsletters and television programs.

Compared with many peers, the firm is led by an attorney who specializes in estate planning and also conducts estate-planning work under a d/b/a, and the advisor continues to practice law and sell insurance and fixed annuities — relationships that may lead clients to receive coordinated estate-planning and insurance services alongside investment management. The client base does not include high-net-worth individuals, and the firm is a small, single-advisor practice that executes trades through TD Ameritrade without taking custody of client assets.