Aprio Wealth Management, LLC (Atlanta)

Name: Aprio Wealth Management, LLC
Address: 5 Concourse Parkway, Atlanta, GA, 30328
Telephone: 404-898-7518

Aprio Wealth Management, LLC is a large advisory firm based in Atlanta. It manages $500.3 million of regulatory assets for 607 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Florida, Georgia, and Texas.

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

Aprio Wealth Management: assets under management

The assets under management (AUM) of Aprio Wealth Management, LLC is $500.3 million. The firm's AUM has grown by 47% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $261.19 million in discretionary accounts and $239.11 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $472.32 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.43 million.

Aprio Wealth Management has custody of $22.5 million in cash and securities for 48 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 43% of the total AUM. The second-largest asset type is other assets, which make up 41% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aprio Wealth Management, 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.

What kind of clients Aprio Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Aprio Wealth Management is pension and profit sharing plans with 98 clients and $256.89 million of assets under management. Among the 5 most similar advisory firms, Aprio Wealth Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $487.96 million for 298 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.

Aprio Wealth Management doesn't advise any private funds.

Careers at Aprio Wealth Management, LLC

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Llc Aprio Capital Partners	Managing member	1 Sep 2011	75% - 100%	02-0689474
Keith M Greenwald	Managing director	1 Apr 2014	Other	4896259
Deborah A Powell	Chief operating officer, chief compliance officer	1 Sep 2014	Other	4024776

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Aprio Holdings	Member	1 Jan 2003	75% - 100%	58-2487348
Richard Kopelman	Managing director	1 Jan 2013	Other	6209888

Based in Atlanta

The principal office where Aprio Wealth Management, LLC performs its advisory services is located at 5 Concourse Parkway, Atlanta, GA 30328, 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 404-898-7518 or by fax 678-971-3142. The normal business hours are 8:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at aprio.com/.