Independent Advisor Alliance, LLC

CRD#168267
Investment Advisor Firm

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Learn more about Independent Advisor Alliance, LLC

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

    • Overview

    Independent Advisor Alliance, LLC is an advisory company based in Charlotte, North Carolina. The company administers $10.1 billion in assets across 47,432 customer accounts, making it one of the biggest firms in the United States by assets under management (AUM). The company has a large group, including 227 financial advisors. Independent Advisor Alliance, LLC does not act as a registered broker-dealer, signifying that it cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer firm to do so. Securities are tradable financial investments like bonds, equities and options.

    Independent Advisor Alliance, LLC oversees all of its accounts in a discretionary manner. Discretionary management is a structure in which buy and sell judgments are made by an investment advisor without needing the customer's approval. Independent Advisor Alliance, LLC's average account size is $212,846. The average financial advisor at Independent Advisor Alliance, LLC manages about 209 client accounts.

    The company's headquarters is at 11215 N. Community House Rd., Charlotte, North Carolina 28277. The firm is legally allowed to serve investors across 51 U.S. states and territories.

    Assets Under Management

    $10.1 billion

    Number of Advisors

    227

    Disclosures

    No

    Office Location

    11215 N. Community House Rd.
    Charlotte, NC 28277

    Independent Advisor Alliance, LLC by the Numbers

    Total Assets Under Management

    $10.1 billion

    National Average: $8.6 billion
    Total Number of Employees

    227

    National Average: 64
    Total Number of Accounts

    47,432

    National Average: 375,227
    Average Account Size

    $212.8 thousand

    National Average: $23.0 thousand
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    Products and Services

    Independent Advisor Alliance, LLC offers a number of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, publication of newsletters and educational seminars. In the past fiscal year, the firm provided 251-500 of its clients with financial planning services. Independent Advisor Alliance, LLC does sell products or offer services aside from investment advice to its customers. Independent Advisor Alliance, LLC also has a number of financial industry affiliations, including with an accountant or accounting firm.

    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.

    • Offered by 3% of firms

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

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

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    Fee Structure

    Financial management fees largely are based on which services the firm provides the client. However, fee types billed by the firm can be comprised of any blend of the following fee structures: asset-based, hourly or fixed. Independent Advisor Alliance, LLC does participate in a wrap fee program, in which the firm offers a bundle of services for a single fee.

    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 firm does business with a broad range of customers. It provides services to retail investors, high net worth investors, investment companies, pension plans, charitable organizations, corporations and other. Out of its 47,432 customers, Independent Advisor Alliance, LLC's largest client group is retail investors, although it also caters to 8,308 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are non-U.S. persons.

    • High-Net-Worth Individuals* - 28.02%
    • Other Individuals - 70.54%
    • Corporations - 1.13%
    • Charitable Organizations - 0.31%

    * 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

    Independent Advisor Alliance, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Independent Advisor Alliance, LLC

    Alexander Lewis
    Irmo, SC
    Steven Dye
    Sussex, WI
    Wesley Burrell
    Springfield, MO
    George Jameson Jr
    Columbia, SC
    Mona Khairi
    Little Rock, AR
    David Bolick
    Salisbury, NC
    William Addison
    Columbia, SC
    Garrett Railsback
    Cary, NC
    John Black
    Rock Hill, SC

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