Portfolio Audit, LLC

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Client assets under management

$38,335,681

Clients

23% high-net-worth

Advisors

of 3 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

Low

Average account size

$891,527

About

Portfolio Audit, LLC provides discretionary fiduciary investment management primarily to individual and high-net-worth clients, managing roughly $38 million for about 40 client families. The firm also offers an integrated economic planning service (branded SCARi1 Economic Planning) and maintains a legacy fiduciary cash-management/bill-paying service for existing clients.

The firm manages accounts on a discretionary basis and employs a range of strategies — including long-term buy-and-hold positions, shorter-term trades, margin transactions, options strategies, and potential cryptocurrency exposure — while emphasizing economic planning over what it describes as traditional “financial planning.” Clients approve an advisory agreement that grants a limited power of attorney for trading and all assets are held with third‑party custodians that provide regular statements.

Portfolio Audit is a two‑generation, family‑run adviser that has folded a previously registered non‑profit, the Institute of Biblical Economy, into its research and educational efforts to explore selected Biblical and historical American economic teachings. Other notable features include an explicit policy of billing cash held in managed accounts (and advising clients to keep larger cash outside managed accounts) and a stated willingness to waive the firm’s stated account minimum in exceptional circumstances.

Client services

Financial planning Portfolio management

Expertise

Wealth management

Fee options

Fixed

Fiduciary Cash Management service at a minimum flat fee of $250 per month (legacy clients only)

Percentage

$0 - $500,000: 2.00% annually $500,001 - $5,000,000: 1.25% annually $5,000,001+: 0.75% annually

Project-based

$400 per hour for 401(k) reviews and special assignments outside normal investment management services

Other

Account minimum: $500,000

Main office location

Portfolio Audit, LLC

Knoxville TN, United States

Number of offices

Most active in

Florida · Tennessee

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

(865) 999-4838

Advisors at this firm

Thomas S

Series 65

Knoxville, TN

Portfolio Audit, LLC

Thomas Sayres II is a financial advisor with Portfolio Audit, LLC in Knoxville, TN, holding a Series 65 designation and seven years of industry experience. He has been with Portfolio Audit since 2008 and has concurrently been a full-time college student since 2006. Portfolio Audit, LLC provides discretionary fiduciary investment management primarily to individual and high-net-worth clients, managing approximately $38 million across about 40 families. The firm employs a variety of investment strategies and offers an integrated economic planning service alongside a legacy fiduciary cash-management and bill-paying service.

Wealth management

Thomas S

Series 63

Knoxville, TN

Portfolio Audit, LLC

Thomas Sayres is a financial advisor with Portfolio Audit, LLC in Knoxville, TN, holding a Series 63 designation and 21 years of industry experience. He has worked at Portfolio Audit, LLC Private Wealth Management since 1999. The firm is a family-run advisory that integrates research from the Institute of Biblical Economy, a previously registered nonprofit, into its educational efforts. Portfolio Audit, LLC provides discretionary fiduciary investment management primarily to individual and high-net-worth clients, managing approximately $38 million for about 40 families. The firm employs diverse investment strategies alongside an integrated economic planning service and maintains a legacy fiduciary cash-management and bill-paying service.

Wealth management

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