Wela Strategies, Inc. is a large advisory firm based in Atlanta. It manages $153.8 million of regulatory assets for 1,512 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Arizona, California, and 16 other states.
Wela Strategies provides portfolio management for individuals and small businesses and model portfolio provider. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Wela Strategies, Inc. is $153.8 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 48% since the beginning of its operation, and $729 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Wela Strategies, Inc. for their services and products based on a percentage of assets under management. 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.
The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Wela Strategies is individuals with 712 clients and $131.2 million of assets under management. Among the 10 most similar advisory firms, Wela Strategies has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $153.8 million for 733 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.
Wela Strategies doesn't advise any private funds.
The company employs 23 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 12 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.
The principal office where Wela Strategies, Inc. performs its advisory services is located at 10 Glenlake Parkway, Atlanta, GA 30328, 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 404-531-0018 or by fax 404-531-0010. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at welastrategies.com.