Emerant Wealth, LLC (Birmingham)

Name: Emerant Wealth, LLC
Address: 2500 Acton Road, Birmingham, AL, 35243
Telephone: (205) 979-4100

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.

Emerant Wealth: assets under management

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 firm manages $39.19 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $112.63 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

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. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Joshua Layne Reidinger serves?

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.

Careers at Emerant Wealth, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Clay Causey	Secretay/treasurer	1 Jan 2016	Other	4003351
Joshua Layne Reidinger	President	1 Jan 2016	Other	4228311
Justin Thomas Russell	Chief compliance officer	1 Jan 2016	Other	4720377
Llc Warren Averett Asset Management	Managing member	1 Jan 2016	75% - 100%	115332
Melanie Luther Nichols	Vice president	1 Jan 2016	Other	2276771
Irby Jones Thompson	Vice president	1 Jan 2016	Other	1214847
Larry Kelly Hicks	Vice president	1 Jan 2016	Other	3152135

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Warren Averett Companies	Sole owner	1 Jan 2012	75% - 100%	45-4084397
April Harry	Elected officer	1 Jan 2012	Other	6597594
Richard Moore Stabler	Elected officer	1 Jan 2012	Other	5874084
James Williams Cunningham	Elected officer	1 Jan 2012	Other	4005501
Mary Franks Elliott	Elected officer	1 Jan 2018	Other	3265767

Based in Birmingham

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.