Parthenon LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$1,073,248,564
Clients
219
Advisors
5
of 7 employees
About
Parthenon LLC primarily serves families, trusts, family foundations and related entities, offering discretionary equity and fixed‑income portfolio management and acting as adviser and general partner to a private pooled partnership (Fort Nelson) that accepts accredited investors. The firm manages about $1.22 billion across roughly 219 client relationships and typically requires a $1 million minimum account size, indicating a client base concentrated among high‑net‑worth households rather than non‑HNW individual clients.
Investment decisions are driven by original, in‑house research for both equities and bonds, with each client assigned a portfolio manager and administrator and a dedicated fixed‑income specialist handling bond selection and maturity management. Portfolios are tailored to client objectives, favor long‑term ownership (average holding period over four years with turnover under 25%), and use high‑quality fixed‑income securities while seeking concentrated equity positions bought at discounts to estimated intrinsic value.
Notable distinctions include the firm’s role as general partner and advisor to a pooled investment vehicle that may collect performance‑based fees for accredited investors, and stated procedures to monitor trading and manage side‑by‑side conflicts between the fund and advisory clients; the fund’s custodian arrangement involves a broker‑dealer agent with a familial relationship to a firm principal. The brochure also discloses a recent regulatory order arising from a clerical oversight that allowed an employee to act without proper registration, the firm’s limited custody arrangements subject to surprise audits, universal employee ownership, and an AUM‑per‑advisor level that is high relative to many peer teams.
Client services
Expertise
Fee options
$0 - $2,000,000: 1.00% $2,000,001 - $5,000,000: 0.75% $5,000,001+: 0.50%
Performance fees may be charged only for Fort Nelson Partners, LP, subject to certain performance thresholds; details available to accredited investors in the Partnership
Account minimum: $1,000,000 minimum, but firm may accept lesser amounts Minimum fee: $10,000 minimum annual fee Fee-only: Management fees based on assets under management; no other compensation received
Main office
435 N Whittington Parkway, Suite 180
Louisville KY 40222
Advisors at this office
5
Most active in
Indiana · Kentucky · Ohio · Texas
Also doing business as
Fort Nelson Partners, Lp · Parthenon Capital Management LLC · Parthenon LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
John B
Series 63
Louisville, KY
Parthenon LLC
John Barr II is a financial advisor with Parthenon LLC in Louisville, KY, holding a Series 63 designation and 27 years of industry experience. He has been with Parthenon Capital Management, LLC since 1999 and has over four decades of experience at J.J.B. Hilliard, W.L. Lyons, Inc. Parthenon LLC primarily serves high-net-worth families, trusts, and family foundations, providing discretionary equity and fixed-income portfolio management. The firm emphasizes original in-house research, long-term ownership, and tailored portfolios, managing approximately $1.22 billion across more than 200 client relationships.
Tony C
Series 63
Louisville, KY
Parthenon LLC
Tony Coffey is a financial advisor with Parthenon LLC in Louisville, KY, holding a Series 63 designation and 27 years of industry experience. He has worked with Parthenon Capital Management since 1998 and has been affiliated with J.J.B. Hilliard, W.L. Lyons, Inc. since 1994. Parthenon LLC primarily serves families, trusts, family foundations, and related entities, managing discretionary equity and fixed-income portfolios. The firm emphasizes original, in-house research and long-term investment strategies, typically working with high-net-worth clients.
Todd L
CFP®, CFA®, Series 63
Louisville, KY
Parthenon LLC
Todd Lowe is a CFP®, CFA® with 27 years of industry experience. He has been with Parthenon LLC in Louisville, KY since 1998. Parthenon LLC primarily serves high-net-worth families, trusts, and family foundations, offering discretionary equity and fixed-income portfolio management. The firm emphasizes original in-house research, long-term ownership strategies, and tailored portfolios, managing approximately $1.22 billion across 219 client relationships.
Thomas C
Series 63
Louisville, KY
Parthenon LLC
Thomas Corea is a financial advisor with Parthenon LLC in Louisville, KY, holding a Series 63 designation and 27 years of industry experience. He has been with Parthenon Capital Management LLC and Parthenon LLC since 1998 and is also affiliated with J.J.B. Hilliard, W.L. Lyons, Inc. since 1987. Parthenon LLC serves families, trusts, family foundations, and related entities, managing approximately $1.22 billion primarily in discretionary equity and fixed-income portfolios. The firm emphasizes original, in-house research, long-term ownership strategies, and tailored portfolio management for high-net-worth clients.
Matthew C
CFA®, Series 63
Louisville, KY
Parthenon LLC
Matthew Carper is a CFA® charterholder with three years of industry experience. He has been with Parthenon LLC since 2014 and also maintains a role at SG Cowen Securities. Parthenon LLC serves families, trusts, family foundations, and related entities, offering discretionary equity and fixed-income portfolio management. The firm manages approximately $1.22 billion across about 219 client relationships, focusing on high-net-worth households and employing original in-house research to guide long-term, tailored investment strategies.
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