Paces Ferry Wealth Advisors, LLC (Atlanta)

Name: Paces Ferry Wealth Advisors, LLC
Address: 2849 Paces Ferry Road, Suite 660, Atlanta, GA, 30339
Telephone: 971-371-3450

Paces Ferry Wealth Advisors, LLC is a large advisory firm based in Atlanta. It manages $186.61 million of regulatory assets for 424 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Georgia.

Paces Ferry Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Paces Ferry Wealth Advisors: assets under management

The assets under management (AUM) of Paces Ferry Wealth Advisors, LLC is $186.61 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $170.49 million in discretionary accounts and $16.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $409.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.02 million.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in other assets form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Paces Ferry Wealth Advisors, LLC for their services and products based on a percentage of assets under management. 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.

What kind of clients Paces Ferry Wealth Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Paces Ferry Wealth Advisors is high net worth individuals with 55 clients and $147.94 million of assets under management. Among the 8 most similar advisory firms, Paces Ferry Wealth Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $186.61 million for 99 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.

Paces Ferry Wealth Advisors doesn't advise any private funds.

Careers at Paces Ferry Wealth Advisors, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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
Jeffrey Stephen Diamond	Founder/managing partner	1 Dec 2018	50% - 75%	1399171
Zachary Aaron Morris	Founder/managing partner	1 Dec 2018	50% - 75%	5939621
Megan Louise Castleman	Chief compliance officer	1 Dec 2018	Other	6434039
Stacy Leigh Sizemore	Chief compliance officer	1 May 2019	Other	4052029

Based in Atlanta

The principal office where Paces Ferry Wealth Advisors, LLC performs its advisory services is located at 2849 Paces Ferry Road, Suite 660, Atlanta, GA 30339, 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 971-371-3450. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at pacesferrywealth.com.