Bridgeworth, LLC is a large advisory firm based in Birmingham. It manages $1.29 billion of regulatory assets for 3,038 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, California, Colorado, and 15 other states.
Bridgeworth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Bridgeworth, LLC is $1.29 billion. The firm's AUM has grown by 310% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Bridgeworth, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Bridgeworth is individuals with 2,739 clients and $666.88 million of assets under management. Among the 14 most similar advisory firms, Bridgeworth has the 3rd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $1.29 billion for 3,051 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.
Bridgeworth doesn't advise any private funds.
The company employs 50 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 24 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.
The principal office where Bridgeworth, LLC performs its advisory services is located at 3800 Colonnade Parkway, Birmingham, AL 35243, which is also the mailing address of the firm. An additional office of the firm is in Decatur, AL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (205) 208-8700 or by fax (205) 208-8701. The normal business hours are 8am- 5pm on Monday - Friday. You can find more information about the New York firm at bridgeworthfinancial.com and its LinkedIn profile.