The Welch Group, LLC is a large advisory firm based in Birmingham. It manages $1.43 billion of regulatory assets for 1,002 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, California, Colorado, and 9 other states.
The Welch Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and advice on matters not involving securities.. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of The Welch Group, LLC is $1.43 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 865% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay The Welch Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of The Welch Group is high net worth individuals with 358 clients and $1.19 billion of assets under management. Among the 8 most similar advisory firms, The Welch Group has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.43 billion for 1,002 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
The Welch Group doesn't advise any private funds.
The company employs 16 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 13 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Charles Hugh Rankin Smith has served as the Chief Investment Officer since 1 Dec 2009. Henry Marshall Clay joined the executive team most recently as the Senior Investment Adviser.
The principal office where The Welch Group, LLC performs its advisory services is located at 3940 Montclair Rd, Birmingham, AL 35213, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 205-879-5001 or by fax 205-879-7979. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at welchgroup.com and its LinkedIn profile.