Rfg Advisory, LLC (Vestavia Hills)


Rfg Advisory, LLC is a large advisory firm based in Vestavia Hills. It manages $948.86 million of regulatory assets for 6,312 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Rfg Advisory provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Rfg Advisory: assets under management

The assets under management (AUM) of Rfg Advisory, LLC is $948.86 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $948.86 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $150.33 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in non-exchange traded securities form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rfg Advisory, LLC for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients Rfg Advisory serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Rfg Advisory is individuals with 2,841 clients and $500.54 million of assets under management. Among the 9 most similar advisory firms, Rfg Advisory has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $936.53 million for 3,151 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Rfg Advisory doesn't advise any private funds.

Careers at Rfg Advisory, LLC

The company employs 42 people that are either part- or full-time employees. 81 percent of the employees work as investment advisers or researchers. 41 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.

Frederick George Wedell has served as the Chief Investment Officer since 1 Jan 2017. Shannon Parrott Spotswood joined the executive team most recently as the President And Managing Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Bobby Ray White Managing member 1 Jul 2011 50% - 75% 3095184
Brian Alan Ryals Managing member 1 Jul 2011 25% - 50% 2406393
Victoria A Scoles Chief compliance officer 1 Jan 2016 Other 1121595
Shannon Parrott Spotswood President and managing member 1 Mar 2016 Other 5010326
Frederick George Wedell Chief investment officer 1 Jan 2017 Other 6701615

Based in Vestavia Hills

The principal office where Rfg Advisory, LLC performs its advisory services is located at 1400 Urban Center Drive, Vestavia Hills, AL 35242, which is also the mailing address of the firm. An additional office of the firm is in Warsaw, KY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 205-397-2450 or by fax 205-968-6089. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at 314advisor.com.