Carsonallaria Wealth Management, Ltd. (Glen Carbon)

Name: Carsonallaria Wealth Management, Ltd.
Address: 2246 S. State Route 157, Glen Carbon, IL, 62034
Telephone: 618-288-9505

Carsonallaria Wealth Management, Ltd. is a large advisory firm based in Glen Carbon. It manages $196.71 million of regulatory assets for 285 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Illinois, Missouri, and Texas.

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

Carsonallaria Wealth Management: assets under management

The assets under management (AUM) of Carsonallaria Wealth Management, Ltd. is $196.71 million. The firm's AUM has grown by 13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $155.7 million in discretionary accounts and $41.01 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $574.56 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.93 million.

Carsonallaria Wealth Management has custody of $2.6 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 82% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Carsonallaria Wealth Management, Ltd. 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 Scott Douglas Carson serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Scott Douglas Carson is high net worth individuals with 47 clients and $100.56 million of assets under management. Among the 9 most similar advisory firms, Carsonallaria Wealth Management has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $196.71 million for 285 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.

Carsonallaria Wealth Management doesn't advise any private funds.

Careers at Carsonallaria Wealth Management, Ltd.

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.

Scott Douglas Carson has been acting as President since 1 Jun 1999. Mark Vincent Allaria joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Scott Douglas Carson	President	1 Jun 1999	75% - 100%	1966866
Joseph Michael Allaria	Chief compliance officer	1 Aug 2017	Other	6122862
Mark Vincent Allaria	Shareholder	1 Jan 2018	Other	5918333
Joseph Michael Allaria	Shareholder and chief compliance officer	1 Jan 2018	Other	6122862

Based in Glen Carbon

The principal office where Carsonallaria Wealth Management, Ltd. performs its advisory services is located at 2246 S. State Route 157, Glen Carbon, IL 62034, 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 618-288-9505 or by fax 618-288-9506. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at carsonallaria.com.