Wealth management in Alabama is focused on helping individuals and families manage their financial lives more effectively. This industry includes a range of firms, from small boutiques to larger investment advisories. They specialize in investment strategies, retirement planning, estate management, and more. Interestingly, many Alabama-based firms adopt fee-only models, avoiding product sales to minimize potential conflicts. As the demand for personalized financial planning grows, wealth management companies are leveraging technology to enhance client experiences and streamline services. Overall, the industry is heading towards a more analytical and tech-driven approach while retaining a human touch.


This list includes 20 wealth management companies in Alabama, mainly based in Birmingham and Dothan. Founded between 1974 and 2017, these firms vary in size, with employee counts ranging from small teams to over 1,000 professionals. Specializations include investment management, financial planning, and comprehensive wealth guidance, ranging from personal finance to large asset management. The firms cater to different segments, from ultra-high-net-worth families to institutional clients, providing tailored financial consulting and services.


Read on to discover more about Alabama's top wealth management companies.


Top 20 Wealth Management Companies in Alabama


1. 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 providing a comprehensive suite of financial services. Founded in 2017, the firm has quickly positioned itself within the wealth management industry, focusing on helping clients achieve financial independence through personalized strategies. The company serves a variety of clients, including independent, international, and private individuals, and boasts a network of over 500 financial professionals across the United States. With more than $16 billion in assets under management, SA Stone Wealth Management emphasizes a client-centric approach, ensuring that financial representatives understand their clients' goals and comfort levels. The firm operates under the umbrella of StoneX Group Inc., which enhances its capabilities and market access, allowing it to offer a wide range of investment products and services. Their commitment to providing tailored financial advice and support makes them a noteworthy player in the wealth management sector.


2. 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 providing comprehensive financial planning and investment advisory services to individuals and families. Founded in 2017, the firm has quickly made a name for itself by focusing on helping clients achieve peace of mind through organization, risk mitigation, and aligning financial strategies with personal values. EverSource emphasizes a fee-based model and operates under a fiduciary obligation, ensuring that they prioritize their clients' best interests. The firm has expanded its reach across the United States, recently managing approximately $1.19 billion in assets. Their services include risk identification, retirement planning, integrated tax planning, and life impact stewardship, showcasing their commitment to a holistic approach to wealth management. EverSource has also attracted attention for its growth, being recognized as the second fastest-growing registered investment advisor (RIA) in a recent ranking. This growth reflects their ability to adapt and thrive in a competitive market, making them a relevant player in the wealth management industry.


3. NBC Securities, Inc.


NBC Securities, Inc. is a privately held financial advisory firm based in Birmingham, Alabama. Established in 1995, the company operates as a full-service independent broker-dealer and registered investment advisor. NBC Securities provides a comprehensive suite of services, including private wealth management, asset management, insurance, and retirement planning. The firm caters to individuals, businesses, and financial advisors, helping them achieve their financial goals through tailored strategies. With approximately $5 billion in assets under management, NBC Securities emphasizes the importance of building lasting relationships with clients, positioning itself as a partner in their financial journeys. The firm is employee-owned, which fosters a culture of accountability and commitment to client success. Their strategic alliance with RBC Clearing and Custody further strengthens their service offerings, allowing them to leverage the financial strength and security of a major player in the industry. NBC Securities operates across multiple states, with a network of experienced financial professionals dedicated to providing personalized financial solutions.


4. 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 that cater 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's approach is centered on understanding the complexities of wealth management, allowing them to help clients navigate their financial journeys effectively. They serve a variety of clients, including multi-generational families and organizations, emphasizing a personalized strategy that aligns with each client's unique goals and circumstances. The firm operates without reported funding, indicating a stable, self-sustaining business model that focuses on client relationships and service quality.


5. Waverly Advisors, LLC


Waverly Advisors, LLC is a financial advisory firm based in Birmingham, Alabama, specializing in comprehensive financial planning, investment management, and retirement planning services. Established in 1999, the firm serves a wide range of clients, including individuals, families, and institutions, helping them navigate complex financial landscapes. With a team of over 180 professionals holding prestigious credentials such as CPA, CFP®, and CFA®, Waverly Advisors provides tailored solutions to meet the unique needs of their clients. The firm has recently expanded its reach through the acquisition of CenterPoint Wealth Management, increasing its assets under management to approximately $13.2 billion. Waverly Advisors operates across 22 locations in nine states, demonstrating a robust presence in the financial advisory market. Their commitment to client-focused service and fiduciary responsibility underscores their role in the wealth management sector.


6. Leavell Investments


Leavell Investments, established in 1979 in Mobile, Alabama, is an investment advisory firm dedicated to providing personalized financial planning and portfolio management services. The firm specializes in assisting high-net-worth individuals, families, and organizations in managing their investments and creating lasting legacies. With a strong fiduciary commitment, Leavell Investments ensures that client interests are always prioritized. The firm operates as a fee-only independent advisory, meaning they do not sell products or services that could create conflicts of interest. This independence allows them to focus solely on their clients' needs. Over the years, Leavell has been recognized for its excellence in the industry, notably ranking #29 on the 2024 CNBC Financial Advisor 100 List, marking six consecutive years of being listed among the top advisory firms in the United States. Their approach is collaborative, assigning dedicated teams to each client to ensure personalized attention and proactive management. Leavell Investments is also committed to community engagement, contributing time and resources to local non-profits and charitable organizations, further solidifying their role as a responsible and engaged member of the financial services industry.


7. 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, providing comprehensive financial planning, investment management, and retirement solutions tailored to individuals, families, and businesses. With a team of over 180 highly credentialed advisors, Waverly Advisors emphasizes a client-centric approach, ensuring that each client receives personalized guidance to navigate complex financial landscapes. The firm advises on assets exceeding $13.2 billion and operates as an independent Registered Investment Advisor (RIA). Their services include private client services, family office management, institutional consulting, and corporate retirement plans. Waverly Advisors is recognized for its commitment to fiduciary standards, which enhances its credibility in the wealth management space. The firm has also been active in expanding its footprint, as evidenced by its recent acquisition of CenterPoint Wealth Management, which broadens its reach into new markets.


8. 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 that caters specifically to ultra-high net worth families. The firm offers a range of multi-disciplinary services, including trust, fiduciary, investment advisory, and custody services. With a strong emphasis on wealth preservation, Arlington aims to provide tailored financial solutions that meet the unique needs of each family they serve. The firm manages approximately $10 billion in assets and has a dedicated team of 57 professionals, many of whom hold advanced designations in the field. Arlington operates from two locations, Birmingham and Nashville, and prides itself on creating a personalized experience for its clients. Their approach involves a thorough exploration of a family's values and goals, ensuring that the financial strategies implemented are aligned with the family's long-term vision. This commitment to client-centric service has allowed Arlington to build lasting relationships with the families they serve, making them a notable player in the wealth management industry.


9. 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 financial advisory firm that has been operational since 2001. The company specializes in investment management, financial planning, wealth management, and retirement plan consulting. With a team of approximately 25 employees, CapSouth aims to assist individuals, families, and businesses in achieving their financial objectives through tailored strategies. The firm prides itself on its fiduciary duty, ensuring that client interests are prioritized in all financial dealings. CapSouth's approach is characterized by a commitment to understanding clients' unique financial situations and goals, which allows them to create personalized financial plans. Their services are designed to adapt as clients' needs evolve, reflecting a proactive stance in wealth management. CapSouth has expanded its reach over the years, opening additional offices and enhancing its service offerings, which underscores its growth and relevance in the financial advisory industry.


10. 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, based in Birmingham, Alabama, is a financial advisory firm founded in 1984 by Stewart H. Welch III. The firm specializes in providing comprehensive financial planning and investment management services tailored to the needs of retirees, young professionals, and families. With a focus on personalized strategies, The Welch Group aims to help clients navigate their financial journeys and achieve their goals. They operate on a fee-only basis, which means their compensation comes solely from clients, ensuring that their advice is unbiased and in the best interest of those they serve. The firm is committed to maintaining a fiduciary standard, which is a critical aspect of their service model. Over the years, The Welch Group has built a reputation for its dedication to client relationships and community involvement, further solidifying its position in the financial advisory industry. They also emphasize continuous education for their team, ensuring that they remain knowledgeable and effective in their advisory roles.


11. 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 is a financial advisory firm based in Homewood, Alabama, established in 1974. With a team of approximately 39 employees, the firm specializes in investment management and strategic wealth planning. They provide a range of services tailored to individuals and families, including retirement planning, asset allocation, and insurance solutions. The firm prides itself on delivering personalized financial advice, aiming to help clients achieve their financial goals through informed decision-making. Their mission is to equip clients with the knowledge and tools necessary to build a solid financial foundation that can withstand market fluctuations. Nowlin & Associates operates under the business names of Ameritas Investment Company, LLC and Ameritas Advisory Services, LLC, which allows them to offer a comprehensive suite of financial services while maintaining a focus on client education and support.


12. 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, catering to both individual and institutional clients. OneAscent offers a range of services, including investment management, retirement planning, tax and estate planning, and legacy coaching. Their mission is to help clients align their financial strategies with their personal values and beliefs, which is particularly appealing to faith-driven investors. The firm operates with a commitment to clarity, communication, and unity in its partnerships with clients. OneAscent also provides consulting services for businesses and institutions, focusing on maximizing positive impact while achieving financial goals. Their unique approach to investment management emphasizes the importance of understanding the underlying values of the companies in which clients invest, ensuring that their portfolios reflect their ethical and moral standards.


13. 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, founded in 2015 and based in Auburn, Alabama, is a private investment management firm dedicated to providing wealth management and financial planning services. The firm serves both institutional and individual clients, operating under a fiduciary duty that mandates acting in the best interests of its clients. Bright Investments prides itself on a team-oriented approach, ensuring that clients receive a superior experience throughout their investment journey. The firm has established a clear fee structure for its services, with management fees that decrease as assets under management increase, catering primarily to high-net-worth individuals and institutions. Bright Investments is also a registered investment advisor (RIA) with the U.S. Securities and Exchange Commission (SEC), which adds a layer of credibility and regulatory oversight to its operations. The firm has not reported any funding, indicating a self-sustaining business model that relies on its client base for growth.


14. Strategic Wealth Specialists

  • Website: strategicwealthspecialists.com
  • Ownership type: Private
  • Headquarters: Mobile, Alabama, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2012
  • Headcount: 11-50
  • LinkedIn: yoursws

Strategic Wealth Specialists, based in Mobile, Alabama, is a financial advisory firm that has been operational since 2012. The company evolved from its predecessor, Adams & Associates, which had a strong reputation in the region. Under the leadership of Christopher Roussel, Strategic Wealth Specialists has expanded its footprint, now boasting multiple offices across Alabama and Florida. The firm provides a range of services tailored to meet the needs of individuals, families, and businesses, including financial advising, insurance solutions, investment management, and estate planning. Their approach emphasizes client education and empowerment, utilizing innovative tools to guide clients through their financial journeys. The firm is affiliated with The Guardian Life Insurance Company of America, which adds a layer of credibility to their offerings. With a team of over 100 financial professionals, they are dedicated to fostering financial independence and confidence among their clients.


15. Mitchell McLeod Pugh & Williams

  • Website: mmpw.com
  • Ownership type: Private
  • Headquarters: Mobile, Alabama, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2006
  • Headcount: 11-50
  • LinkedIn: mitchell-mcleod-pugh-%26-williams

Mitchell McLeod Pugh & Williams (MMPW) is an investment advisory firm based in Mobile, Alabama, founded in 2006. The firm specializes in wealth management and retirement plan consulting, providing tailored financial strategies to individuals, families, and businesses. MMPW prides itself on its fiduciary duty, ensuring that clients' interests are prioritized in all financial decisions. With a team that boasts over 200 years of combined experience, MMPW has established itself as a significant player on the Gulf Coast, managing approximately $2.2 billion in assets. The firm serves a wide range of clients, including high-net-worth individuals, pension plans, and charitable foundations. MMPW operates independently, free from conflicts of interest associated with proprietary funds, which allows them to offer unbiased investment advice. Their approach includes comprehensive financial planning, covering areas such as tax, estate, and retirement planning, ensuring a holistic view of their clients' financial health.


16. Avizo Group, Inc.


Avizo Group, Inc., based in Fairhope, Alabama, is a private consulting and accounting firm founded in 1990. Originally known as Hartmann, Blackmon, & Kilgore, P.C., the firm rebranded in 2020 to reflect its expanded service offerings beyond traditional accounting. Avizo Group provides a range of professional services, including business consulting, tax compliance, and wealth management. They cater to businesses, governmental entities, and individuals, helping clients navigate financial complexities and achieve strategic goals. Their wealth management services focus on creating comprehensive financial plans that integrate tax strategies with growth objectives. The firm employs a team of 42 professionals who are dedicated to delivering tailored solutions to their clients, emphasizing a collaborative approach to financial planning and business growth.


17. Capital Strategies Group, Inc.


Capital Strategies Group, Inc., based in Birmingham, Alabama, is a private financial services firm founded in 1989. With a team of approximately 34 employees, the company focuses on wealth preservation and insurance solutions specifically designed for high-net-worth families and businesses. Their services include tailored insurance strategies and executive compensation planning aimed at minimizing tax liabilities and ensuring effective wealth transfer. Capital Strategies operates offices in both Birmingham and Chicago, allowing them to serve a broader client base. As a member of M Financial Group, they benefit from exclusive access to custom wealth transfer solutions and insurance products, enhancing their ability to meet the unique needs of their clients. The firm is also active in industry discussions, advocating for policies that support their clients' financial interests, and has received recognition in the Chambers High Net Worth guide, underscoring their expertise in the field.


18. Redmont Capital

  • Website: redmontcapital.com
  • Ownership type: Private
  • Headquarters: Birmingham, Alabama, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1998
  • Headcount: 11-50
  • LinkedIn: redmont-venture-partners

Redmont Capital is a private investment bank based in Birmingham, Alabama, founded in 1998. The firm offers a variety of financial and strategic advisory services, focusing on raising and managing capital for businesses. They cater to a wide range of clients, from small privately-held companies to larger enterprises, providing expert guidance in navigating financial challenges and pursuing growth opportunities. Redmont Capital's services include private capital investments, capital markets advisory, and tailored wealth management solutions. Their team comprises experienced professionals who bring a wealth of knowledge in investment banking, capital formation, and strategic partnerships. The firm is dedicated to helping clients achieve their financial goals through customized strategies and hands-on support.


19. Aptus Capital Advisors


Aptus Capital Advisors, founded in 2013 and based in Fairhope, Alabama, is a private investment advisory firm that provides a range of financial services. The company focuses on Active ETFs and Managed Portfolios, aiming to improve investment outcomes for wealth managers and financial advisors. Their strategies are designed to manage risk effectively while capturing market opportunities. Aptus emphasizes the importance of custom portfolio solutions, offering tailored support to meet specific client needs. They also provide extensive investment support, including market updates and research, to empower advisors in their client interactions. As a Registered Investment Advisor (RIA) with the Securities and Exchange Commission, Aptus operates with a commitment to regulatory standards and client service.


20. Freedom Financial Group


Freedom Financial Group, based in Birmingham, Alabama, is a private financial advisory firm established in 2008. With a small team of around 38 employees, the firm specializes in retirement planning and wealth management. They offer a range of services designed to assist individuals and families in managing their retirement assets and ensuring a stable income. Their offerings include retirement income strategies, asset protection, and various insurance products. The firm has gained recognition in the industry, with its founder, Tad Hill, being named one of Alabama's top financial security professionals by Forbes in 2023 and 2024. Freedom Financial Group also engages with the community through educational courses and media appearances, further solidifying its presence in the financial advisory sector.



Wealth Management Insights: Key Companies in Alabama


CompanyHeadquarterSizeFoundedOwnership
SA Stone Wealth Management Inc.Birmingham, Alabama, United States (USA)501-10002017Private
EverSource Wealth AdvisorsBirmingham, Alabama, United States (USA)51-2002017Venture Capital
NBC Securities, Inc.Birmingham, Alabama, United States (USA)51-2001995Private
Keel PointHuntsville, Alabama, United States (USA)51-2002003Private
Waverly Advisors, LLCBirmingham, Alabama, United States (USA)51-2001999Private
Leavell InvestmentsMobile, Alabama, United States (USA)11-501979Private
Warren Averett Asset Management, LLCBirmingham, Alabama, United States (USA)51-2001999Private
Arlington Family OfficesBirmingham, Alabama, United States (USA)51-2001981Private
CapSouth Wealth ManagementDothan, Alabama, United States (USA)11-502001Private
The Welch GroupBirmingham, Alabama, United States (USA)11-501984Private
Nowlin & AssociatesHomewood, Alabama, United States (USA)11-501974Private
OneAscentBirmingham, Alabama, United States (USA)11-502017Private
Bright InvestmentsAuburn, Alabama, United States (USA)1-102015Private
Strategic Wealth SpecialistsMobile, Alabama, United States (USA)11-502012Private
Mitchell McLeod Pugh & WilliamsMobile, Alabama, United States (USA)11-502006Private
Avizo Group, Inc.Fairhope, Alabama, United States (USA)11-501990Private
Capital Strategies Group, Inc.Birmingham, Alabama, United States (USA)11-501989Private
Redmont CapitalBirmingham, Alabama, United States (USA)11-501998Private
Aptus Capital AdvisorsFairhope, Alabama, United States (USA)11-502013Private
Freedom Financial GroupBirmingham, Alabama, United States (USA)1-102008Private


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