On July 1, 2025, detailed information was shared via email regarding the current status of the Humane Society’s investment account, which is held at Bank of Tennessee under LPL Financial. The account includes approximately $182,000 in investments, with $30,000 in cash. Over the past four years, the account has experienced a 25% loss (approximately $49,000) while the market has reached new highs.
The proposed action is to transfer these funds to Mountain Commerce Bank, where the account will be actively managed by Mr. Jones for a 0.5% management fee. This change aims to stabilize the account and improve its performance.
A majority board vote is required to approve this action.
