Fsm Wealth Advisors, LLC (Cleveland)

Fsm Wealth Advisors, LLC is a large advisory firm based in Cleveland. It manages $214.42 million of regulatory assets for 204 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Ohio, and Texas.

Fsm Wealth Advisors provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fsm Wealth Advisors: assets under management

The assets under management (AUM) of Fsm Wealth Advisors, LLC is $214.42 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 54% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $214.42 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.05 million each.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 40% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fsm Wealth Advisors, LLC for their services and products based on a percentage of assets under management 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 Fsm Wealth Advisors serves?

The only and largest group of clients of Fsm Wealth Advisors is individuals with 56 clients and $214.42 million of assets under management. Among the 9 most similar advisory firms, Fsm Wealth Advisors has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $214.42 million for 56 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.

Fsm Wealth Advisors doesn't advise any private funds.

Careers at Fsm Wealth Advisors, LLC

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 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
David Alan Lightner	Ceo	1 Sep 2018	75% - 100%	4374749
Lauren Irene Maclaren	Cco	1 Feb 2019	Other	5821518

Based in Cleveland

The principal office where Fsm Wealth Advisors, LLC performs its advisory services is located at 6060 Parkland Blvd. Suite 100, Cleveland, OH 44124, 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 216-916-8426. The normal business hours are 8:30-5:00 on Monday - Friday.