Wmg Financial Advisors, LLC (Knoxville)

Name: Wmg Financial Advisors, LLC
Address: 620 Mabry Hood Road, Knoxville, TN, 37932
Telephone: (865) 290-4000

Wmg Financial Advisors, LLC is a large advisory firm based in Knoxville. It manages $119.23 million of regulatory assets for 465 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Florida, Georgia, Louisiana, and 3 other states.

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

Wmg Financial Advisors: assets under management

The assets under management (AUM) of Wmg Financial Advisors, LLC is $119.23 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $119.23 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $256.42 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 68% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wmg Financial 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 Wmg Financial Advisors serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, banking or thrift institutions, and pension and profit sharing plans. The largest group of clients of Wmg Financial Advisors is high net worth individuals with 35 clients and $50.51 million of assets under management. Among the 10 most similar advisory firms, Wmg Financial Advisors has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $119.23 million 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.

Wmg Financial Advisors doesn't advise any private funds.

Careers at Wmg Financial Advisors, LLC

The company employs 15 people that are either part- or full-time employees. 80 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 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
Dieter William Bergner	Managing member & chief compliance officer	1 Oct 2016	75% - 100%	1994381

Based in Knoxville

The principal office where Wmg Financial Advisors, LLC performs its advisory services is located at 620 Mabry Hood Road, Knoxville, TN 37932, which is also the mailing address of the firm. An additional office of the firm is in Brandon, MS. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (865) 290-4000 or by fax (865) 290-4018. 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 wmgfa.com.