Fiduciary Alliance LLC (Greenville)

Name: Fiduciary Alliance LLC
Address: 511 Rhett Street, Suite 2 A, Greenville, SC, 29601
Telephone: 864-385-7999

Fiduciary Alliance LLC is a large advisory firm based in Greenville. It manages $152.8 million of regulatory assets for 956 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Georgia, North Carolina, South Carolina, and Texas.

Fiduciary Alliance provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fiduciary Alliance: assets under management

The assets under management (AUM) of Fiduciary Alliance LLC is $152.8 million. The firm's AUM has grown by 17% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $151.35 million in discretionary accounts and $1.45 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $162.04 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $66.05 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 39% of the total AUM. The second-largest asset type is investment and business development companies, which make up 38% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fiduciary Alliance 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.

What kind of clients Fiduciary Alliance serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Fiduciary Alliance is high net worth individuals with 61 clients and $84.34 million of assets under management. Among the 7 most similar advisory firms, Fiduciary Alliance has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $134.5 million for 234 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.

Fiduciary Alliance doesn't advise any private funds.

Careers at Fiduciary Alliance LLC

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Anthony Richard Mahfood	Managing member and cco	1 Aug 2016	25% - 50%	2959577
Brian James Boughner	Managing member	1 Aug 2016	25% - 50%	4152328
Stuart Sommerville Canzeri	Managing member	1 Aug 2016	25% - 50%	5550901
David Parker Hughes	Managing member	1 Aug 2016	25% - 50%	4361140
James Michael Cullen	Chief compliance officer	1 Feb 2017	Other	5111669

Based in Greenville

The principal office where Fiduciary Alliance LLC performs its advisory services is located at 511 Rhett Street, Suite 2 A, Greenville, SC 29601, which is also the mailing address of the firm. An additional office of the firm is in Seneca, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 864-385-7999. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at parallelfinancial.com.