Founders Financial Alliance, LLC (Chapel Hill)

Name: Founders Financial Alliance, LLC
Address: 1450 Raleigh Road Suite 204, Chapel Hill, NC, 27517
Telephone: 855-860-5940

Founders Financial Alliance, LLC is a large advisory firm based in Chapel Hill. It manages $250.26 million of regulatory assets for 1,032 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Connecticut, Florida, and 12 other states.

Founders Financial Alliance provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Founders Financial Alliance: assets under management

The assets under management (AUM) of Founders Financial Alliance, LLC is $250.26 million. The firm's AUM has grown by 300% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $249.17 million in discretionary accounts and $1.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $241.91 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $547.93 thousand.

Investments

The firm invests in pooled investment vehicles the most. They account for 49% of the total AUM. The second-largest asset type is exchange traded securities, which make up 38% of the firm’s portfolio. Investments in other assets form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Founders Financial Alliance, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Founders Financial Alliance serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Founders Financial Alliance is individuals with 364 clients and $127.82 million of assets under management. Among the 6 most similar advisory firms, Founders Financial Alliance has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $250.26 million for 521 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.

Founders Financial Alliance doesn't advise any private funds.

Careers at Founders Financial Alliance, LLC

The company employs 20 people that are either part- or full-time employees. 85 percent of the employees work as investment advisers or researchers. 19 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Tommy Wayne Porter	Managing member	1 Sep 2014	Other	2198860
James Allen Sloop	Chief compliance officer	1 Mar 2017	Other	4749806
Llc Founders Wealth Holdings	Holding company	1 Jan 2018	75% - 100%	82-4688444

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Tommy Wayne Porter	Managing member	1 Jan 2018	75% - 100%	2198860

Based in Chapel Hill

The principal office where Founders Financial Alliance, LLC performs its advisory services is located at 1450 Raleigh Road Suite 204, Chapel Hill, NC 27517, which is also the mailing address of the firm. An additional office of the firm is in Locust, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 855-860-5940 or by fax 919-636-7342. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at ibxwm.com.