Asset management companies in Alabama play a pivotal role in helping individuals and institutions handle their investment portfolios. These firms offer services ranging from wealth management to retirement planning, often tailoring their strategies to fit specific client needs. With a focus on fiduciary responsibility, they maneuver through various asset classes including equities, fixed income, and alternative investments. A growing trend in the industry sees an emphasis on transparency and responsible investing, reflecting participants’ increasing demand for sustainable strategies. As technology evolves, many companies are also integrating advanced analytics to enhance decision-making and improve client outcomes.

The companies featured in this list represent a mix of sizes, with employee counts ranging from small teams to larger firms. Their headquarters are primarily located in Birmingham and other key cities around Alabama, with founding dates stretching back to the 1970s. Specializations vary, including private wealth management, investment advisory services, and real estate management. While many firms cater to high-net-worth individuals, others offer broader services for businesses and institutions, highlighting varying market needs within the state.

Continue reading to learn about Alabama's top asset management companies.

Top 19 Asset Management Companies in Alabama

1. NBC Securities, Inc.

• Website: nbcsecurities.com
• Ownership type: Private
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: United States (USA) 98%, South Africa 2%
• Founded year: 1995
• Headcount: 51-200
• LinkedIn: nbc-securities-inc--a-correspondent-of-rbc-correspondent-services

NBC Securities, Inc., founded in 1995 and based in Birmingham, Alabama, operates as a full-service independent broker-dealer and registered investment advisor. The firm is employee-owned and emphasizes the importance of building relationships with clients to help them achieve their financial goals. NBC Securities offers a comprehensive suite of services, including private wealth management, asset management, and investment advisory. They cater to individuals, businesses, and financial advisors, providing tailored strategies to meet unique financial needs. With approximately $5 billion in assets under management or advisement, NBC Securities has established a solid foothold in the asset management industry. Their strategic partnership with RBC Clearing and Custody allows them to leverage additional resources and expertise, enhancing their service offerings. The firm operates across multiple states in the U.S., showcasing their commitment to accessibility and client service.

2. Aptus Capital Advisors

• Website: aptuscapitaladvisors.com
• Ownership type: Private
• Headquarters: Fairhope, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2013
• Headcount: 11-50
• LinkedIn: aptus-capital-advisors

Aptus Capital Advisors, based in Fairhope, Alabama, is an investment advisory firm that specializes in providing financial services tailored to wealth managers and financial advisors. Founded in 2013, the firm focuses on Active ETFs and Managed Portfolios, aiming to enhance client investment outcomes through risk-managed strategies. Aptus is dedicated to helping advisors navigate market fluctuations by offering custom portfolio designs and ongoing investment support. Their strategies are designed to capture favorable market conditions while managing downside risks, reflecting a modern approach to asset management. As a Registered Investment Advisor (RIA) with the Securities and Exchange Commission, Aptus operates with a commitment to compliance and transparency, ensuring that their clients receive informed and effective investment guidance.

3. EverSource Wealth Advisors

• Website: eversourcewealthadvisors.com
• Ownership type: Venture Capital
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Seed, $50,000, January 2018
• Founded year: 2017
• Headcount: 51-200
• LinkedIn: eversource-wealth-advisors

EverSource Wealth Advisors, based in Birmingham, Alabama, is a wealth management firm that specializes in comprehensive financial planning and investment advisory services. Founded in 2017, the firm aims to help individuals and families achieve peace of mind through organized financial strategies that align with their personal values. EverSource emphasizes a fiduciary duty, ensuring that their advisors act in the best interest of their clients. The firm offers a range of services, including risk identification, retirement planning, and investment policy design. With a team of experienced professionals, EverSource has expanded its operations across multiple states, recently integrating practices with significant assets under management. The firm has also received seed funding, which supports its growth and operational capabilities. EverSource's commitment to transparency and client-centric service positions it as a relevant player in the asset management industry.

4. Leavell Investments

• Website: leavellinvestments.com
• Ownership type: Private
• Headquarters: Mobile, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1979
• Headcount: 11-50
• LinkedIn: leavell-investment-management

Leavell Investments, based in Mobile and Birmingham, Alabama, is an investment advisory firm that has been serving clients since 1979. The firm specializes in tailored financial planning and portfolio management, primarily for high-net-worth individuals, families, and organizations. With a strong emphasis on fiduciary responsibility, Leavell Investments ensures that their clients' interests are always at the forefront of their strategies. The firm operates as a fee-only independent advisor, which means they do not sell products or services that could create conflicts of interest. This independence allows them to focus solely on their clients' needs. Leavell Investments has been recognized for its excellence in the industry, ranking #29 on the 2024 CNBC Financial Advisor 100 List, and is noted for its commitment to helping clients create lasting legacies. Their approach includes assigning dedicated teams to each client, ensuring personalized attention and a collaborative process. The firm is also 100% employee-owned, which fosters a culture of accountability and long-term thinking.

5. Harbert Management Corporation

• Website: harbert.net
• Ownership type: Private
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: United States (USA) 85%, United Kingdom (UK) 10%, Spain 3%, Other 3%
• Founded year: 1993
• Headcount: 51-200
• LinkedIn: harbert-management-corporation

Harbert Management Corporation, based in Birmingham, Alabama, is an investment management firm that specializes in alternative assets. Founded in 1993, the company has grown to manage approximately $8.2 billion in regulatory assets as of September 30, 2024. Harbert offers a variety of investment strategies, including real estate, private equity, and credit solutions, catering to a clientele that includes foundations, endowments, pension funds, and high net worth individuals. The firm prides itself on a disciplined investment philosophy, emphasizing thorough research and a balanced approach to risk and return. Harbert's operational infrastructure is designed to provide transparency and align their interests with those of their clients, as they invest alongside them on equal terms. Additionally, the firm has a subsidiary, Harbert Realty Services, which operates as a full-service commercial real estate company, further enhancing their capabilities in the asset management industry.

6. SA Stone Wealth Management Inc.

• Website: saswealth.com
• Ownership type: Private
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2017
• Headcount: 501-1000
• LinkedIn: sa-stone-wealth-management

SA Stone Wealth Management Inc., based in Birmingham, Alabama, is an investment advisory firm that specializes in wealth management, investment advice, and financial planning. Established in 2017, the firm operates under the umbrella of StoneX Group Inc., which has a rich history in the financial services industry dating back to 1924. SA Stone Wealth Management serves a variety of clients, including independent, international, and private individuals, helping them achieve financial independence through tailored strategies. The firm boasts over $16 billion in assets under management and a network of more than 500 affiliated financial professionals across the United States. Their commitment to providing personalized service and a comprehensive suite of financial products positions them as a relevant player in the asset management sector.

7. Vulcan Value Partners

• Website: vulcanvaluepartners.com
• Ownership type: Private
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2007
• Headcount: 11-50
• LinkedIn: vulcan-value-partners

Vulcan Value Partners, founded in 2007 and based in Birmingham, Alabama, is a private investment management firm that specializes in value investing. The firm is dedicated to protecting capital and achieving superior long-term results through a disciplined investment process. Vulcan offers a variety of managed accounts and funds, including strategies focused on large cap, small cap, and all cap investments. Their investment philosophy emphasizes identifying high-quality businesses with stable values and sustainable competitive advantages. The firm has built a reputation for its patient approach to investing, leveraging stock price volatility to create value for its clients. Vulcan Value Partners has also been recognized for its workplace culture, being named one of the Best Places to Work in Money Management for several consecutive years, highlighting their commitment to both client and employee satisfaction.

8. Keel Point

• Website: keelpoint.com
• Ownership type: Private
• Headquarters: Huntsville, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2003
• Headcount: 51-200
• LinkedIn: keelpoint

Keel Point is a private wealth management firm based in Huntsville, Alabama, founded in 2003. With a team of approximately 81 employees, the firm specializes in providing tailored financial advisory services to individuals, families, institutions, and businesses. Their offerings include holistic wealth management, family office services, institutional asset management, and customized employee benefits solutions. Keel Point aims to help clients navigate the complexities of wealth management, ensuring that their financial strategies align with their unique goals and circumstances. The firm operates across multiple locations, including Birmingham, Washington D.C., and Nashville, enhancing their reach and ability to serve a broad client base. Their focus on individualized strategies positions them as a relevant player in the asset management industry.

9. Bright Investments

• Website: brightinvestments.com
• Ownership type: Private
• Headquarters: Auburn, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2015
• Headcount: 1-10
• LinkedIn: bright-investments-llc

Bright Investments, based in Auburn, Alabama, is a private investment management firm established in 2015. The company specializes in wealth management and financial planning services, catering to both institutional and individual clients. Bright Investments operates with a fiduciary duty, ensuring that the interests of its clients are always prioritized in investment management. The firm emphasizes a collaborative team approach, aiming to deliver a superior client experience. With a focus on moderate risk and long-term performance, Bright Investments offers a range of services, including investment strategy development and comprehensive financial planning. The firm is registered with the U.S. Securities and Exchange Commission (SEC), which adds a layer of credibility to its operations. Bright Investments has not reported any funding, indicating it is self-sustained and employee-owned, which may appeal to clients looking for a firm with a strong commitment to its values and client relationships.

10. Waverly Advisors, LLC

• Website: waverly-advisors.com
• Ownership type: Private
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: United States (USA) 99%
• Latest funding: $30.1M, July 2023
• Founded year: 1999
• Headcount: 51-200
• LinkedIn: warren-averett-asset-management-llc

Waverly Advisors, LLC, based in Birmingham, Alabama, is a financial advisory firm founded in 1999. The company provides a range of services including comprehensive financial planning, investment management, and retirement planning. They cater to a variety of clients, from individuals and families to institutions, helping them navigate complex financial situations with tailored solutions. Waverly Advisors has a team of over 180 professionals, many of whom hold prestigious industry credentials such as CPA, CFP®, and CFA. As of September 2024, they manage assets exceeding $13.2 billion, reflecting their significant role in the asset management industry. The firm is also recognized for its commitment to client service, as evidenced by their recent acquisition of CenterPoint Wealth Management, which expands their reach into new markets. Their focus on specialized services, such as the Waverly Women initiative, highlights their dedication to addressing the unique financial needs of different client segments.

11. Arlington Family Offices

• Website: arlington.com
• Ownership type: Private
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1981
• Headcount: 51-200
• LinkedIn: arlington-family-offices

Arlington Family Offices, founded in 1981 and based in Birmingham, Alabama, is a private wealth management firm dedicated to serving ultra-high net worth families. The firm offers a range of services including trust, fiduciary, investment advisory, and custody services, all aimed at wealth preservation and tailored financial solutions. With a team of 57 professionals, Arlington manages approximately $10 billion in assets under stewardship, reflecting their significant role in the asset management industry. They focus on understanding the unique dynamics of each family they serve, ensuring that their financial strategies align with the families' values and long-term goals. Their commitment to personalized service is evident in their structured approach, which includes a thorough exploration of a family's financial and non-financial capitals. This holistic view allows Arlington to craft bespoke solutions that cater to the specific needs of each family, enhancing their relevance in the asset management space.

12. Nowlin & Associates

• Website: nowlinandassociates.com
• Ownership type: Private
• Headquarters: Homewood, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1974
• Headcount: 11-50
• LinkedIn: nowlinandassociates

Nowlin & Associates, based in Homewood, Alabama, has been providing financial advisory services since 1974. The firm specializes in investment management and strategic wealth planning, catering primarily to individuals and families. Their offerings include retirement planning, asset allocation, and insurance services, all aimed at helping clients achieve financial security. With a commitment to personalized service, Nowlin & Associates strives to be a trusted advisor, focusing on long-term investment results and client education. The firm operates under the business names of Ameritas Investment Company, LLC and Ameritas Advisory Services, LLC, which allows them to offer a range of investment and advisory services. Despite their smaller size, they maintain a dedicated approach to client relationships and financial planning.

13. Resource Management Service LLC

• Website: resourcemgt.com
• Ownership type: Private
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: United States (USA) 95%, Brazil 5%
• Latest funding: $4.0M, July 2020
• Founded year: 1950
• Headcount: 51-200
• LinkedIn: resource-management-service-llc

Resource Management Service LLC (RMS), founded in 1950, is a timberland investment management company based in Birmingham, Alabama. The firm specializes in acquiring and managing forest assets for institutional investors, focusing on sustainable forestry practices and environmental stewardship. RMS operates globally, managing around 2.4 million acres of forestland, primarily in the United States and Brazil, with a total market value of approximately $5.2 billion. The company employs over 165 forest investment professionals who are well-versed in various aspects of timberland investing, including acquisition, management, and compliance. RMS has been a registered investment adviser since 2004, reflecting its commitment to regulatory standards and investor transparency. Their investment strategy emphasizes high-potential timber markets, aiming to generate optimal cash yields and long-term asset appreciation. RMS is also recognized for its dedication to environmental, social, and governance (ESG) principles, ensuring responsible management of the forests under their care.

14. OneAscent

• Website: oneascent.com
• Ownership type: Private
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2017
• Headcount: 11-50
• LinkedIn: oneascent

OneAscent is a financial advisory firm based in Birmingham, Alabama, founded in 2017. The company specializes in values-aligned investing and financial planning, offering a range of services that include investment management, retirement planning, and consulting for both individual and institutional clients. OneAscent aims to help clients align their financial strategies with their personal values and beliefs, particularly focusing on faith-driven investors. Their services extend to retirement plan design for organizations, benefits consulting, and institutional investment management. The firm emphasizes a partnership approach, working closely with clients to develop customized financial strategies that reflect their unique needs and values. OneAscent operates with a commitment to clarity, communication, and unity in financial planning and wealth management, serving clients across the United States.

15. The Welch Group

• Website: welchgroup.com
• Ownership type: Private
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1984
• Headcount: 11-50
• LinkedIn: the-welch-group-llc

The Welch Group, LLC, founded in 1984 and based in Birmingham, Alabama, is a financial advisory firm dedicated to providing comprehensive financial planning and investment management services. With a team of skilled professionals, they cater to a variety of clients, including retirees, young professionals, and families, helping them navigate their financial journeys. The firm operates on a fee-only basis, ensuring that clients' best interests are at the forefront of their services. The Welch Group prides itself on its fiduciary duty, which means they are legally obligated to act in the best interest of their clients. Their services include wealth management, tax planning, estate planning, and philanthropic guidance, among others. The firm has built a reputation for its personalized approach, focusing on understanding each client's unique financial situation and goals. They also engage in community service through The Welch Group Foundation, reflecting their commitment to giving back. As a registered investment advisor, they maintain a strong presence in the financial advisory industry, serving clients not just locally but across the United States.

16. RFG Advisory

• Website: rfgadvisory.com
• Ownership type: Private Equity
• Headquarters: Vestavia Hills, Alabama, United States (USA)
• Employee distribution: United States (USA) 97%, India 3%
• Latest funding: August 2023
• Founded year: 2003
• Headcount: 51-200
• LinkedIn: reliance-financial-group

RFG Advisory, founded in 2003 and based in Vestavia Hills, Alabama, is a financial advisory firm that specializes in providing a comprehensive support platform for independent financial advisors. The firm offers a range of services, including marketing, operational support, investment management, and transition support, aimed at helping advisors enhance their client service and grow their practices. RFG Advisory is committed to empowering its clients to maximize their independence and build enterprise value. The company has been recognized for its innovative approach, receiving accolades such as being named a Top 300 RIA by Financial Times and winning awards for its practice management platform. With a team of experienced professionals, RFG Advisory is focused on delivering high-quality support to advisors, enabling them to thrive in a competitive market.

17. CapSouth Wealth Management

• Website: capsouthwm.com
• Ownership type: Private
• Headquarters: Dothan, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2001
• Headcount: 11-50
• LinkedIn: capsouth-partners

CapSouth Wealth Management, based in Dothan, Alabama, is a private financial advisory firm founded in 2001. The company specializes in investment management, financial planning, wealth management, and retirement plan consulting. With a team of dedicated professionals, CapSouth aims to assist individuals, families, and businesses in navigating their financial journeys. They emphasize a personalized approach, helping clients identify their financial goals and develop tailored strategies to achieve them. The firm operates under a fiduciary standard, ensuring that client interests are prioritized in all financial decisions. Over the years, CapSouth has expanded its services and geographic reach, establishing a presence in multiple markets. Their commitment to integrity, respect, and accountability underpins their operations, making them a notable player in the asset management industry.

18. Warren Averett Asset Management, LLC

• Website: waasset.com
• Ownership type: Private
• Headquarters: Birmingham, Alabama, United States (USA)
• Latest funding: November 2021
• Founded year: 1999
• Headcount: 51-200
• LinkedIn: warren-averett-asset-management-llc

Warren Averett Asset Management, LLC, operating under the name Waverly Advisors, is a financial advisory firm based in Birmingham, Alabama. Established in 1999, the firm specializes in wealth management and investment services, catering to individuals, families, and businesses. Waverly Advisors offers a comprehensive suite of services, including financial planning, investment management, and retirement solutions. Their team consists of highly credentialed advisors who work closely with clients to navigate complex financial landscapes. As of September 2024, the firm advises on assets exceeding $13.2 billion and operates as an independent Registered Investment Advisor (RIA). They are committed to a fee-only fiduciary model, ensuring that their clients' best interests are at the forefront of their services. The firm has also expanded its reach through strategic acquisitions, such as the recent purchase of CenterPoint Wealth Management, which enhances their capabilities and market presence.

19. Triad Properties Corporation

• Website: triadproperties.com
• Ownership type: Private
• Headquarters: Huntsville, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1993
• Headcount: 11-50
• LinkedIn: triad-properties

Triad Properties Corporation, based in Huntsville, Alabama, is a commercial real estate firm that has been operational since 1993. The company specializes in property management, brokerage, and development services, catering primarily to institutional investors and businesses. Triad Properties is recognized for its comprehensive approach to asset management, which includes acquisition strategies and proactive property management. The firm has successfully managed and enhanced a significant portfolio of real estate assets, demonstrating a commitment to delivering optimal returns for its clients. With a team characterized by integrity and extensive market knowledge, Triad Properties has built a solid reputation in the Southeast real estate market. Their principals, who have backgrounds in accounting, prioritize transparency and thorough reporting, which is crucial for maintaining strong relationships with clients and tenants alike.

Asset Management Insights: Key Companies in Alabama

Company	Headquarter	Size	Founded	Ownership
NBC Securities, Inc.	Birmingham, Alabama, United States (USA)	51-200	1995	Private
Aptus Capital Advisors	Fairhope, Alabama, United States (USA)	11-50	2013	Private
EverSource Wealth Advisors	Birmingham, Alabama, United States (USA)	51-200	2017	Venture Capital
Leavell Investments	Mobile, Alabama, United States (USA)	11-50	1979	Private
Harbert Management Corporation	Birmingham, Alabama, United States (USA)	51-200	1993	Private
SA Stone Wealth Management Inc.	Birmingham, Alabama, United States (USA)	501-1000	2017	Private
Vulcan Value Partners	Birmingham, Alabama, United States (USA)	11-50	2007	Private
Keel Point	Huntsville, Alabama, United States (USA)	51-200	2003	Private
Bright Investments	Auburn, Alabama, United States (USA)	1-10	2015	Private
Waverly Advisors, LLC	Birmingham, Alabama, United States (USA)	51-200	1999	Private
Arlington Family Offices	Birmingham, Alabama, United States (USA)	51-200	1981	Private
Nowlin & Associates	Homewood, Alabama, United States (USA)	11-50	1974	Private
Resource Management Service LLC	Birmingham, Alabama, United States (USA)	51-200	1950	Private
OneAscent	Birmingham, Alabama, United States (USA)	11-50	2017	Private
The Welch Group	Birmingham, Alabama, United States (USA)	11-50	1984	Private
RFG Advisory	Vestavia Hills, Alabama, United States (USA)	51-200	2003	Private Equity
CapSouth Wealth Management	Dothan, Alabama, United States (USA)	11-50	2001	Private
Warren Averett Asset Management, LLC	Birmingham, Alabama, United States (USA)	51-200	1999	Private
Triad Properties Corporation	Huntsville, Alabama, United States (USA)	11-50	1993	Private

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