Laurel Wealth Advisors, LLC is a large advisory firm based in Charlotte. It manages $457.9 million of regulatory assets for 1,369 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Florida, Georgia, Louisiana, and 7 other states.
Laurel Wealth Advisors provides financial planning services and portfolio management for individuals and small businesses. 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 Laurel Wealth Advisors, LLC is $457.9 million. The firm's AUM has grown by 815% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Laurel Wealth Advisors, 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Laurel Wealth Advisors is high net worth individuals with 108 clients and $324.72 million of assets under management. Among the 11 most similar advisory firms, Laurel Wealth Advisors has the 5th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $457.9 million for 394 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.
Laurel Wealth Advisors doesn't advise any private funds.
The company employs 14 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people 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 receive compensation from other entities for client referrals.
The principal office where Laurel Wealth Advisors, LLC performs its advisory services is located at 309 S. Laurel Avenue, Charlotte, NC 28207, which is also the mailing address of the firm. An additional office of the firm is in Huntersville, NC. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 704-927-4379 or by fax (704) 705-1558. The normal business hours are 8:30am - 5:00pm on Monday - Friday.