Eversource Wealth Advisors, LLC
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Learn more about Eversource Wealth Advisors, LLC
Overview
Eversource Wealth Advisors, LLC is an advisory company that has its headquarters in Birmingham, Alabama. Eversource Wealth Advisors, LLC administers $1.8 billion in total assets across 4,774 client accounts, making it one of the biggest investment advisory firms in the nation by assets under management (AUM). The company has an average-sized group, including 26 financial advisors. Eversource Wealth Advisors, LLC does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets like options, bonds and stocks.
Eversource Wealth Advisors, LLC manages most of its accounts on a discretionary basis. Discretionary management is a structure in which a portfolio manager has the discretion to make buy and sell decisions without requiring client authorization. The company also manages 135 non-discretionary accounts totaling $60.2 million in assets. The company administers roughly $378,668 in assets for every client account. The average advisor at Eversource Wealth Advisors, LLC administers about 184 client accounts.
The company's headquarters is located at 3500 Colonnade Parkway, Birmingham, Alabama 35243. Eversource Wealth Advisors, LLC is legally allowed to serve customers throughout 24 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Eversource Wealth Advisors, LLC by the Numbers
$1.8 billion
40
4,774
$378.7 thousand
Products and Services
Eversource Wealth Advisors, LLC offers a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers, publication of newsletters and educational seminars. In the last financial year, the company provided 1000 of its clients with financial planning services. The firm does sell products or offer services other than investment advice to its customers. Eversource Wealth Advisors, LLC is also affiliated with a number of other companies in the financial services industry, including with an accountant or accounting firm.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Offered by 3% of firms
Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors largely vary depending on which services are provided. However, fees billed by the company can be comprised of the following fee structures: asset-based, hourly or fixed. Eversource Wealth Advisors, LLC does participate in a wrap fee program, in which the company offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company does business with a number of different customers. The company caters to retail investors, high net worth investors, pension plans, charitable organizations, corporations and other. Out of its 4,774 customers, Eversource Wealth Advisors, LLC's biggest client type is high net worth investors, though it also serves 957 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's accounts reside abroad.
- High-Net-Worth Individuals* - 58.42%
- Other Individuals - 11.9%
- Corporations - 29.55%
- Charitable Organizations - 0.12%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Eversource Wealth Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Eversource Wealth Advisors, LLC
Eustis, FL
Jacksboro, TN
Birmingham, AL
Phoenix, AZ
Birmingham, AL
Arlington, VA
Birmingham, AL
Birmingham, AL
Franklin, TN
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