Family Wms, LLC (Atlanta)

Name: Family Wms, LLC
Address: 3155 Roswell Road, Atlanta, GA, 30305
Telephone: 404-961-1051

Family Wms, LLC is a large advisory firm based in Atlanta. It manages $512.9 million of regulatory assets for 593 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arkansas, Florida, Georgia, and 7 other states.

Family Wms provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and tax accounting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Family Wms: assets under management

The assets under management (AUM) of Family Wms, LLC is $512.9 million. The firm's AUM has grown by 49% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $416.11 million in discretionary accounts and $96.79 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $842.33 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $977.63 thousand.

Investments

The firm invests in non-exchange traded securities the most. They account for 39% of the total AUM. The second-largest asset type is state and local bonds, which make up 15% of the firm’s portfolio. Investments in investment and business development companies form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Family Wms, 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 Dan M. Palmer serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Dan M. Palmer is high net worth individuals with 48 clients and $459.9 million of assets under management. Among the 10 most similar advisory firms, Family Wms has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $461.21 million for 53 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.

Family Wms doesn't advise any private funds.

Careers at Family Wms, LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. No 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.

Dan M. Palmer has been acting as President since 1 Apr 2003. Steven E. House joined the executive team most recently as the Director Of Tax.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Scott Alan Shows	Chief financial officer	1 Apr 2003	50% - 75%	4599894
Dan M. Palmer	Chairman	1 Apr 2003	25% - 50%	4653146
Leslie White Allen	President, cio, chief compliance officer	1 Jun 2003	50% - 75%	1350568
Steven E. House	Director of tax	1 Feb 2004	Other	4784114

Based in Atlanta

The principal office where Family Wms, LLC performs its advisory services is located at 3155 Roswell Road, Atlanta, GA 30305, which is also the mailing address of the firm. An additional office of the firm is in Memphis, TN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 404-961-1051 or by fax 404-961-1054. The normal business hours are 8:00 am to 7:00 pm on Monday - Friday. You can find more information about the New York firm at familywms.com.