Avl/Wealthcare, LLC (Gulfport)

Name: Avl/Wealthcare, LLC
Address: 9490 Three Rivers Road, Gulfport, MS, 39503
Telephone: 228-863-0437

Avl/Wealthcare, LLC is a large advisory firm based in Gulfport. It manages $119.06 million of regulatory assets for 266 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Louisiana, Mississippi, and Texas.

Avl/Wealthcare provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Avl/Wealthcare: assets under management

The assets under management (AUM) of Avl/Wealthcare, LLC is $119.06 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 210% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $119.06 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $447.58 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 53% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 25% of the firm’s portfolio. Investments in state and local bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Avl/Wealthcare, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Avl/Wealthcare serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Avl/Wealthcare is high net worth individuals with 25 clients and $80.86 million of assets under management. Among the 7 most similar advisory firms, Avl/Wealthcare has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $119.06 million for 123 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Avl/Wealthcare doesn't advise any private funds.

Careers at Avl/Wealthcare, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Avl Holdings	Member	1 Dec 1999	75% - 100%	64-0923596
James Marion Stokes	Managing member & chief compliance officer	1 Nov 2010	Other	4471345

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lucinda Kay Sloan	Member	1 Dec 1999	25% - 50%	4471338
James Marion Stokes	Member	1 Dec 1999	Other	4471345
Jerry Leo Levens	Member	1 Dec 1999	25% - 50%	4471328
Gerald William Favre	Member	1 Dec 1999	Other	4471320
Rodney Marshall Van Loon	Member	1 Dec 1999	25% - 50%	4471306
Estate Of Rodney M. Van Loon	Member	1 Feb 2011	25% - 50%	45-6196324
James Marion Stokes	Member	1 Dec 2011	Other	4471345
Jerry Leo Levens	Member	1 Dec 2011	25% - 50%	4471328
Gerald William Favre	Member	1 Dec 2011	Other	4471320
Deborah Leigh Vignes	Member	1 Jan 2017	Other	6760046
Kimberly Ray Marmalich	Member	1 Jan 2017	Other	6760047

Based in Gulfport

The principal office where Avl/Wealthcare, LLC performs its advisory services is located at 9490 Three Rivers Road, Gulfport, MS 39503, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 228-863-0437 or by fax 228-863-1165. The normal business hours are 8:00 a.m.- 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at thebamalliance.com.