W Advisors LLC (Memphis)

Name: W Advisors LLC
Address: 1715 Aaron Brenner Dr, Memphis, TN, 38120
Telephone: 901-410-8050

W Advisors LLC is a large advisory firm based in Memphis. It manages $94.7 million of regulatory assets for 275 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Louisiana, Mississippi, Tennessee, and Texas.

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

W Advisors: assets under management

The assets under management (AUM) of W Advisors LLC is $94.7 million. The firm's AUM has gone down by -8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $60.3 million in discretionary accounts and $34.4 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $331.3 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $369.88 thousand.

W Advisors has custody of $28.53 million in cash and securities for 31 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 81% of the total AUM. The second-largest asset type is investment and business development companies, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay W 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.

What kind of clients W Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of W Advisors is high net worth individuals with 17 clients and $80.31 million of assets under management. Among the 7 most similar advisory firms, W Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $94.7 million for 64 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.

W Advisors doesn't advise any private funds.

Careers at W Advisors LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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
Robert B Wade	Managing member	1 Aug 2013	75% - 100%	2321731
William Henry French Iii	Chief compliance officer	1 Sep 2013	Other	1730784
Angela Cox	Chief compliance officer	1 Feb 2018	Other	6914573

Based in Memphis

The principal office where W Advisors LLC performs its advisory services is located at 1715 Aaron Brenner Dr, Memphis, TN 38120, 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 901-410-8050 or by fax 800-396-9073. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at wadvisorsllc.com.