Welch Hornsby, Inc. is a large advisory firm based in Montgomery. It manages $1.82 billion of regulatory assets for 1,759 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Florida, Georgia, and 5 other states.
Welch Hornsby provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and consulting services for individuals in transition. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Welch Hornsby, Inc. is $1.82 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 23% since the beginning of its operation, and $610.87 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Welch Hornsby, Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. 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, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Welch Hornsby is high net worth individuals with 252 clients and $896.64 million of assets under management. Among the 11 most similar advisory firms, Welch Hornsby has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.82 billion for 465 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.
Welch Hornsby also advises several private funds. Namely, two venture capital funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 27 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. 14 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.
Ginger Baker Glenn joined the executive team most recently as the Chief Compliance Officer.
The principal office where Welch Hornsby, Inc. performs its advisory services is located at One Commerce Street, Suite 800, Montgomery, AL 36104 The mailing address of the firm is P.O. Box 4959, Montgomery, AL 36103. An additional office of the firm is in Birmingham, AL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 334-272-1192 or by fax 334-244-9091. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at welchhornsby.com.