J.D. Frost & Co.

J.D. Frost & Co.

J.D. Frost & Co. took shape in Chattanooga when Jonathan Frost, a third-generation family operator whose grandfather Jack Frost founded the manufacturing firm Tuftco, pivoted the family’s financial oversight from a CPA practice into a multi-family office. That practice remains its operational backbone—Ryan Hood runs tax partnership responsibilities while Frost and business partner Paul Croft manage the investment side, linking accounting diligence directly to allocation decisions. The firm deploys capital across three observable buckets: direct real estate, direct co-investments through special-purpose vehicles, and what its records tag as ClimateTech and Energy Transition & Renewables exposure. Its known property holdings include the Easy Office Building at 1413 Chestnut Street in Chattanooga and a Chestnut Street vacant lot, alongside the Well Fund Real Estate Portfolio spanning Tennessee and Arizona. On the private-company side, Croft’s ties to NHL player Robin Lehner surface a Solarcode investment that illustrates the network-driven sourcing model—relationships, not blind fund commitments, drive deal flow. Geographically, the portfolio is anchored in the US Southeast and Southwest. Staffed as a lean CPA-led partnership, the firm has not disclosed total assets or deployment figures. Its real-property footprint intersects with entities tied to broader family holdings: Jonathan Frost’s parents, Steven and Lisa Frost, acquired the firm’s headquarters through Joseph Investments, LLC, signaling co-investment structures that blur personal, family, and office capital. On the operating side, Croft & Frost and Rhino Onward International—businesses Paul Croft co-founded—serve as both client and sourcing vehicles. What distinguishes the office is its CPA-as-investor architecture. Rather than layering a separate investment committee onto an external RIA or fund-of-funds platform, the tax-and-accounting partnership itself originates, diligences, and administers direct deals. That makes J.D. Frost & Co. function less like a conventional wealth manager and more like an embedded deal shop inside a family-run accounting practice—a configuration that screens opportunities through cash-flow and tax filtration before they reach the portfolio.