Wealth manager, independent · Mobile, AL
Leavell Investment Management, Inc.
SEC-registered investment adviser · CRD 107890 · SEC 801-14752
At a glance
Leavell Investment Management, Inc. is an SEC-registered investment adviser based in Mobile, Alabama, with $3.4B in regulatory assets under management as of its Form ADV filed September 22, 2026. It reports 2,850 individual clients, 536 of them high-net-worth, holding an average of about $0.8 million each, and 36 employees. That ranks it 316th among the nation’s 5,657 independent wealth management RIAs and 8th of 43 in Alabama. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 251-433-3709leavellinvestments.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $3.4B
- Rank among independent wealth managers
- #316 of 5,657
- Rank among all SEC RIAs
- #2,632 of 17,210
- Rank in Alabama
- #8 of 43
- Individual clients
- 2,850
- High-net-worth clients
- 536
- Accounts
- 3,023
- Discretionary
- 93% of AUM
- Employees
- 36
- Advisory staff
- 24
- Offices
- 8
Owners and executives on its Form ADV
- Janet R. HayesShareholder / Director / Executive Committee
- Margaret H. AlvesChief Compliance Officer / Shareholder / Secretary
- Michael C. TeelShareholder
- Richard E. AnthonyShareholder / Director
- Richard M. StimpsonChairman of the Board / Shareholder / Director
- John M. WilliamsShareholder / Director
- Eugene A. GrinsteadPresident / CEO / Shareholder / Executive Committee
- William K. NicrosiShareholder / Executive Committee / Director
- John W. TherrellShareholder / Director / Executive Committee
- Randall J. FreemanChief Financial Officer / Executive Committee
- Christopher D. NixShareholder / Director
- Charles R. HanesShareholder
Custody and brokerage
Broker-dealer
No broker-dealer ties
Leavell Investment Management, Inc. 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 | 536 | $1.9B | 56% |
| Individuals | 2,314 | $475M | 14% |
| Corporations or other businesses | 72 | $258M | 8% |
| Other | 34 | $231M | 7% |
| Pension and profit sharing plans | 43 | $227M | 7% |
| Investment companies | 2 | $185M | 5% |
| Charitable organizations | 22 | $133M | 4% |
Disciplinary disclosures
Leavell Investment Management, Inc. 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 investment companies
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗leavellinvestments.com ↗
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- 15 namedLocked
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Similar-size RIAs in Alabama
All of Alabama →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Stonex Advisors Inc.Birmingham | $5.1B | 9,741 |
| The Welch Group, LLCBirmingham | $3.7B | 1,416 |
| Oneascent Financial Services LLCBirmingham | $3.5B | 5,128 |
| Mitchell, McLeod, Pugh & Williams, Inc.Mobile | $2.7B | 935 |
| Southern Financial Group, LLCBirmingham | $1.1B | 1,140 |
Background
Questions
How much does Leavell Investment Management, Inc. manage?
Leavell Investment Management, Inc. reports $3.4B in regulatory assets under management across 3,023 accounts, 93% of it on a discretionary basis, on its Form ADV filed September 22, 2026.
How many clients does Leavell Investment Management, Inc. have?
It reports 2,850 individual clients: 536 high-net-worth individuals and 2,314 other individuals. Individuals account for about 70% of its regulatory assets.
Where is Leavell Investment Management, Inc. headquartered?
Its main office is in Mobile, Alabama. It reports 8 offices in total and 36 employees, 24 of whom perform investment advisory functions.
How does Leavell Investment Management, Inc. charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; 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 Leavell Investment Management, Inc. use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed September 22, 2026, it reports these amounts held: Charles Schwab ($2.7B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Leavell Investment Management, Inc. a hybrid RIA with a broker-dealer?
Leavell Investment Management, Inc. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Leavell Investment Management, Inc. a fiduciary?
As an SEC-registered investment adviser, Leavell Investment Management, Inc. 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 Leavell Investment Management, Inc.’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 (2026-09-22), 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 →