Wealth manager, independent · Birmingham, AL
Eversource Wealth Advisors, LLC
SEC-registered investment adviser · CRD 286340 · SEC 801-119192
At a glance
Eversource Wealth Advisors, LLC is an SEC-registered investment adviser based in Birmingham, Alabama, with $5.1B in regulatory assets under management as of its Form ADV filed September 25, 2026. It reports 3,255 individual clients, 1,540 of them high-net-worth, holding an average of about $1.2 million each, and 76 employees. That ranks it 208th among the nation’s 5,657 independent wealth management RIAs and 4th of 43 in Alabama. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity.
Main office 205-982-5515eversourcewealthadvisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $5.1B
- Rank among independent wealth managers
- #208 of 5,657
- Rank among all SEC RIAs
- #2,069 of 17,210
- Rank in Alabama
- #4 of 43
- Individual clients
- 3,255
- High-net-worth clients
- 1,540
- Accounts
- 13,689
- Discretionary
- 96% of AUM
- Employees
- 76
- Advisory staff
- 76
- Offices
- 39
Owners and executives on its Form ADV
- Mark A. WessonChief Executive Officer & Manager
- Donald W. MurphyManager
- Charles V. WeldenManager
- Glenn G. WaddellGeneral Counsel & Chief Compliance Officer
- Thomas M. PhillipsMember
- Rhonda F. HitchcockChief Operating Officer
- John P. ShankManager
- Andrew B. FirmanManager
- Jason T. KesslerChief Administrative Officer
- Daniel T. PhillipsChief Investment Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Eversource Wealth Advisors, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 1,540 | $3.0B | 59% |
| Other | 1,030 | $1.1B | 21% |
| Individuals | 1,715 | $852M | 17% |
| Charitable organizations | 12 | $87M | 2% |
| Pension and profit sharing plans | 26 | $69M | 1% |
| Corporations or other businesses | 15 | $19M | <1% |
Private funds
Eversource Wealth Advisors, LLC reports 1 private funds with $9M in gross assets: real estate funds (Form ADV Item 7.B).
Disciplinary disclosures
Eversource Wealth Advisors, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Selecting other advisers
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗eversourcewealthadvisors.com ↗
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The full record on Eversource Wealth Advisors, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 5 years of filings
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- Growth over one, three and five years
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- Rank against 793 peers of its type and size
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- 10 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Alabama
All of Alabama →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Waverly Advisors, LLCBirmingham | $30B | 12,923 |
| Aptus Capital Advisors, LLCFairhope | $14B | 12,693 |
| RFG Advisory, LLCVestavia Hills | $8.0B | 17,207 |
| Stonex Advisors Inc.Birmingham | $5.1B | 9,741 |
| The Welch Group, LLCBirmingham | $3.7B | 1,416 |
| Oneascent Financial Services LLCBirmingham | $3.5B | 5,128 |
Background
Questions
How much does Eversource Wealth Advisors, LLC manage?
Eversource Wealth Advisors, LLC reports $5.1B in regulatory assets under management across 13,689 accounts, 96% of it on a discretionary basis, on its Form ADV filed September 25, 2026.
How many clients does Eversource Wealth Advisors, LLC have?
It reports 3,255 individual clients: 1,540 high-net-worth individuals and 1,715 other individuals. Individuals account for about 75% of its regulatory assets.
Where is Eversource Wealth Advisors, LLC headquartered?
Its main office is in Birmingham, Alabama. It reports 39 offices in total and 76 employees, 76 of whom perform investment advisory functions.
How does Eversource Wealth Advisors, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Eversource Wealth Advisors, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity. On Schedule D of its Form ADV filed September 25, 2026, it reports these amounts held: Charles Schwab ($3.0B); Fidelity ($1.6B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Eversource Wealth Advisors, LLC a hybrid RIA with a broker-dealer?
Eversource Wealth Advisors, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Eversource Wealth Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, Eversource Wealth Advisors, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Eversource Wealth Advisors, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-25), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →