Founders Financial Alliance, LLC

CRD#173011
Investment Advisor Firm

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Learn more about Founders Financial Alliance, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Founders Financial Alliance, LLC operates as a financial advisory firm headquartered in Raleigh, North Carolina. Founders Financial Alliance, LLC administers $617.1 million in assets under management over 2,661 client accounts, placing it among the larger investment advisory firms in the country by assets under management (AUM). It has a small group, including 28 financial advisors. Founders Financial Alliance, LLC does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal assets such as stocks, options and bonds.

    Founders Financial Alliance, LLC manages more than half of the company's accounts on a discretionary basis. Discretionary management signifies that buy and sell decisions for the client's account are made by a portfolio manager without requiring client consent. The firm also oversees two non-discretionary accounts with a total of $814,666 in assets. Founders Financial Alliance, LLC supervises roughly $231,914 in assets for every client account. The typical advisor at Founders Financial Alliance, LLC manages about 95 client accounts.

    The firm's central office is located at 9212 Falls Of Neuse Rd., Suite 221, Raleigh, North Carolina 27615. It is allowed to provide services to customers throughout 27 U.S. states and territories.

    Assets Under Management

    $617.1 million

    Number of Advisors

    28

    Disclosures

    No

    Office Location

    9212 Falls Of Neuse Rd., Suite 221
    Raleigh, NC 27615

    Founders Financial Alliance, LLC by the Numbers

    Total Assets Under Management

    $617.1 million

    National Average: $8.6 billion
    Total Number of Employees

    28

    National Average: 64
    Total Number of Accounts

    2,661

    National Average: 375,227
    Average Account Size

    $231.9 thousand

    National Average: $23.0 thousand
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    Products and Services

    Founders Financial Alliance, LLC offers multiple financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and other services. Notably, the firm did not provide any of its customers with financial planning services in the previous fiscal year. The company does not sell products or offer services aside from investment advisory services to its investment advisory accounts.

    Core Advisor Services

    • 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.

    • 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.

    • 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

    • 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.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial management depend on which services the firm provides the client. However, fee types billed by Founders Financial Alliance, LLC most likely include the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company does business with a broad range of customers. Founders Financial Alliance, LLC provides services to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 2,661 customers, Founders Financial Alliance, LLC's biggest client group by number of accounts is retail investors, although it also manages money for 914 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers reside abroad.

    • High-Net-Worth Individuals* - 34.35%
    • Other Individuals - 60.62%
    • Corporations - 4.62%
    • Charitable Organizations - 0.41%

    * 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

    Founders Financial Alliance, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Founders Financial Alliance, LLC

    James Sloop
    Raleigh, NC
    Gregory Mitro
    St. Petersburg, FL
    Ethan Porter
    Raleigh, NC
    Brian T Nelan
    Cary, NC
    Dustin Defranco
    Raleigh, NC
    Nicholas Livecchi
    Raleigh, NC
    John Billiter
    Raleigh, NC
    Ronald Perry
    Blowing Rock, NC
    Brad Pinter
    Raleigh, NC

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    The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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