Alight Financial Advisors, LLC (Charlotte)

Name: Alight Financial Advisors, LLC
Address: 7201 University Oaks Drive, Charlotte, NC, 28262
Telephone: 866-560-7256

Alight Financial Advisors, LLC is a large advisory firm based in Charlotte. It manages $27 billion of regulatory assets for 219,624 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Alight Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Alight Financial Advisors: assets under management

The assets under management (AUM) of Alight Financial Advisors, LLC is $27 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $27 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $122.92 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Alight Financial Advisors, LLC for their services and products based on a percentage of assets under management 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 Alight Financial Advisors serves?

The only and largest group of clients of Alight Financial Advisors is individuals with 219,624 clients and $27 billion of assets under management. Among the 8 most similar advisory firms, Alight Financial Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $27 billion for 219,624 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.

Alight Financial Advisors doesn't advise any private funds.

Careers at Alight Financial Advisors, LLC

The company employs 60 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 40 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 compensates 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
Paul Allen Hagy	Manager, treasurer, vice president/managing member	1 Jan 2011	Other	5313767
Hewitt Associates Llc	Owner/member	1 Sep 2011	75% - 100%	36-2235791
Jeremy Jason Fritz	Chief executive officer / managing member	1 Sep 2013	Other	3261871
Matthew Adam Chotkowski	Chief compliance officer	1 Feb 2014	Other	5233117

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Tempo Acquisition	Sole member	1 May 2017	75% - 100%	82-1061233
Llc Tempo Intermediate Holding Company Ii	Sole member	1 May 2017	75% - 100%	82-1061233
Llc Tempo Intermediate Holding Company I	Sole member	1 May 2017	75% - 100%	82-1061233
Llc Tempo Holding Company	Sole member	1 May 2017	75% - 100%	82-1061233
Blackstone Capital Partners Vii Nq L.P.	Member	1 May 2017	25% - 50%	82-1061233
Blackstone Management Associates Vii Nq Llc	General partner	1 May 2017	Other	82-1061233

Based in Charlotte

The principal office where Alight Financial Advisors, LLC performs its advisory services is located at 7201 University Oaks Drive, Charlotte, NC 28262, 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 866-560-7256 or by fax 847-554-1444. The normal business hours are 8:00 a.m. - 6:00 p.m. on Monday - Friday. You can find more information about the New York firm at alightfinancialadvisors.com.