Emerant Wealth, LLC is a related adviser based in Birmingham. It manages $39.19 million of regulatory assets for 348 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Florida, Georgia, Louisiana, and Texas.
Emerant Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Emerant Wealth, LLC is $39.19 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 177% since the beginning of its operation, and $346.13 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Emerant Wealth, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Joshua Layne Reidinger is individuals with 132 clients and $37.85 million of assets under management. Among the 2 most similar advisory firms, Emerant Wealth has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $39.19 million for 142 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Emerant Wealth doesn't advise any private funds.
The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Joshua Layne Reidinger has been acting as President since 1 Jan 2016. Mary Franks Elliott joined the executive team most recently as the Elected Officer.
The principal office where Emerant Wealth, LLC performs its advisory services is located at 2500 Acton Road, Birmingham, AL 35243, which is also the mailing address of the firm. An additional office of the firm is in Pensacola, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (205) 979-4100 or by fax 205-979-6313. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at emerantwealth.com.