Alliance Wealth Management Partners LLC

CRD#313195
Investment Advisor Firm

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Learn more about Alliance Wealth Management Partners LLC

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

    • Overview

    Alliance Wealth Management Partners LLC operates as an advisory firm based in Knoxville, Tennessee. It oversees $158.8 million in assets under management throughout 644 customer accounts, making it a mid-tier investment advisory firm in the United States by assets under management (AUM). The company has a small group, including 5 financial advisors. Alliance Wealth Management Partners LLC is not a registered broker-dealer, signifying that the company is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are tradable financial investments such as options, bonds and equities.

    Alliance Wealth Management Partners LLC administers the majority of the firm's accounts in a discretionary manner. Discretionary management means that buy and sell choices are made by a portfolio manager without needing client authorization. Alliance Wealth Management Partners LLC also oversees 31 non-discretionary accounts with a total of $37.2 million in assets. The advisory firm administers an average of $246,522 for every customer account. The typical advisor at Alliance Wealth Management Partners LLC administers around 129 client accounts.

    Alliance Wealth Management Partners LLC's main office is located at 1111 N. Northshore Drive, Knoxville, Tennessee 37919. Alliance Wealth Management Partners LLC is legally permitted to provide services to investors across a few states, including Alabama, Florida, Georgia, Louisiana, Oklahoma, South Carolina, Tennessee, Texas and Virginia.

    Assets Under Management

    $158.8 million

    Number of Advisors

    5

    Disclosures

    No

    Office Location

    1111 N. Northshore Drive
    Knoxville, TN 37919

    Alliance Wealth Management Partners LLC by the Numbers

    Total Assets Under Management

    $158.8 million

    National Average: $8.6 billion
    Total Number of Employees

    11

    National Average: 64
    Total Number of Accounts

    644

    National Average: 375,227
    Average Account Size

    $246.5 thousand

    National Average: $23.0 thousand
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    Products and Services

    Alliance Wealth Management Partners LLC provides multiple services, which can include financial planning services, portfolio management for individuals and small businesses and pension consulting services. In the prior fiscal year, the firm provided financial planning services to 1-10 of its clients. It is involved in selling products or offering services aside from investment advisory services to its customers. The company is also affiliated with one or more other service providers in the financial services industry, including with an insurance company or agency.

    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

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    Fee Structure

    Financial management fees usually are based on which services are offered. Fees billed by the firm can consist of any combination of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Alliance Wealth Management Partners LLC.

    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 works with retail investors, high net worth investors and pension plans. Out of its 644 clients, Alliance Wealth Management Partners LLC's largest client is retail investors, but it also manages money for 98 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 the firm's customers are non-U.S. persons.

    • High-Net-Worth Individuals* - 17.35%
    • Other Individuals - 75.58%
    • Corporations - 7.08%
    • Charitable Organizations - 0%

    * 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

    Alliance Wealth Management Partners LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Alliance Wealth Management Partners LLC

    Charissa Leonard
    Knoxville, TN
    Lori Bishop
    Alcoa, TN
    Michael Bishop
    Knoxville, TN
    Michael Lawson
    Knoxville, TN
    Kristyn Bullard
    Knoxville, TN
    Patrick Clark
    Knoxville, TN

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