Independent Advisor Alliance, LLC (Charlotte)

Name: Independent Advisor Alliance, LLC
Address: 11525 N. Community House Rd., Charlotte, NC, 28277
Telephone: 888.430.1555

Independent Advisor Alliance, LLC is a large advisory firm based in Charlotte. It manages $4.73 billion of regulatory assets for 24,157 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Independent Advisor Alliance 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 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Independent Advisor Alliance: assets under management

The assets under management (AUM) of Independent Advisor Alliance, LLC is $4.73 billion. The firm's AUM has grown by 2894% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.67 billion in discretionary accounts and $57.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $195.33 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $249.76 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 78% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Independent Advisor Alliance, 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 Independent Advisor Alliance serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Independent Advisor Alliance is high net worth individuals with 4,272 clients and $2.67 billion of assets under management. Among the 12 most similar advisory firms, Independent Advisor Alliance has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $4.73 billion for 16,233 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.

Independent Advisor Alliance doesn't advise any private funds.

Careers at Independent Advisor Alliance, LLC

The company employs 175 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 175 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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 receive compensation from other entities for client referrals.

Christopher William Zaccarelli has served as the Chief Investment Officer since 1 Nov 2017. Steven E Gensler joined the executive team most recently as the Director Of Strategic Solutions.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Paul Russo	Chief executive officer - managing member	1 Sep 2013	75% - 100%	4466372
Jessica Nadine Sexton	Chief compliance officer - elected member	1 Feb 2014	Other	5260955
Christopher William Zaccarelli	Chief investment officer	1 Nov 2017	Other	4949009
Jonathan David Reidenouer	Chief operations officer	1 Mar 2018	Other	2625840
Steven E Gensler	Director of strategic solutions	1 Nov 2018	Other	4237168

Based in Charlotte

The principal office where Independent Advisor Alliance, LLC performs its advisory services is located at 11525 N. Community House Rd., Charlotte, NC 28277, which is also the mailing address of the firm. An additional office of the firm is in Jacksonville, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888.430.1555. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at independentadvisoralliance.com.