Wealth manager, bank-affiliated · Birmingham, AL
Waverly Advisors, LLC
SEC-registered investment adviser · CRD 115332 · SEC 801-60741
At a glance
Waverly Advisors, LLC is an SEC-registered investment adviser based in Birmingham, Alabama, with $30B in regulatory assets under management as of its Form ADV filed August 31, 2026. It reports 12,923 individual clients, 4,302 of them high-net-worth, holding an average of about $1.6 million each, and 414 employees. That ranks it 36th among the nation’s 5,657 independent wealth management RIAs and 1st of 43 in Alabama. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity.
Up $91M from $30B in its previous filing; rank 36 → 36. This month’s movers →
Main office 205-871-3334waverly-advisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $30B
- Rank among independent wealth managers
- #36 of 5,657
- Rank among all SEC RIAs
- #658 of 17,210
- Rank in Alabama
- #1 of 43
- Individual clients
- 12,923
- High-net-worth clients
- 4,302
- Accounts
- 35,709
- Discretionary
- 84% of AUM
- Employees
- 414
- Advisory staff
- 197
- Offices
- 49
Owners and executives on its Form ADV
- Justin T. RussellPresident/chief Executive Officer
- James R. LazenbyChief Financial Officer
- John B. CoxChief Economist
- Justin H. SnellChief Operating Officer
- William C. McDanielChief Investment Officer
- Brent J. GunnChief Information Officer
- Wayne G. LesageChief Growth Officer
- Thomas J. ClaudChief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Waverly 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 | 4,302 | $17B | 58% |
| Pension and profit sharing plans | 453 | $4.9B | 16% |
| Individuals | 8,621 | $3.8B | 13% |
| Pooled investment vehicles | 27 | $1.8B | 6% |
| Corporations or other businesses | 200 | $1.1B | 4% |
| Charitable organizations | 81 | $823M | 3% |
| Investment companies | 1 | $17M | <1% |
| Insurance companies | 1 | $16M | <1% |
| State or municipal government entities | 1 | $14M | <1% |
| Banking or thrift institutions | 2 | $4M | <1% |
Private funds
Waverly Advisors, LLC reports 19 private funds with $1.8B in gross assets: hedge funds, private equity funds, real estate funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Waverly 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 investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗waverly-advisors.com ↗
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The full record on Waverly 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, ten years of filings
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- Growth over one, three and five years
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- Rank against 144 peers of its type and size
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- Owners and executives, with titles and stakes
- 8 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 11Locked
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 |
|---|---|---|
| Aptus Capital Advisors, LLCFairhope | $14B | 12,693 |
| RFG Advisory, LLCVestavia Hills | $8.0B | 17,207 |
| Eversource Wealth Advisors, LLCBirmingham | $5.1B | 3,255 |
| Stonex Advisors Inc.Birmingham | $5.1B | 9,741 |
| The Welch Group, LLCBirmingham | $3.7B | 1,416 |
| Oneascent Financial Services LLCBirmingham | $3.5B | 5,128 |
Compare Waverly Advisors, LLC with
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- Waverly Advisors, LLC vs Silvercrest Asset Management Group LLC $28B · New York, NY
- Waverly Advisors, LLC vs Plante Moran Financial Advisors $27B · Southfield, MI
- Waverly Advisors, LLC vs Aptus Capital Advisors, LLC $14B · Fairhope, AL
Background
Questions
How much does Waverly Advisors, LLC manage?
Waverly Advisors, LLC reports $30B in regulatory assets under management across 35,709 accounts, 84% of it on a discretionary basis, on its Form ADV filed August 31, 2026.
How many clients does Waverly Advisors, LLC have?
It reports 12,923 individual clients: 4,302 high-net-worth individuals and 8,621 other individuals. Individuals account for about 71% of its regulatory assets.
Where is Waverly Advisors, LLC headquartered?
Its main office is in Birmingham, Alabama. It reports 49 offices in total and 414 employees, 197 of whom perform investment advisory functions.
How does Waverly Advisors, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees; performance-based fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Waverly 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 August 31, 2026, it reports these amounts held: Charles Schwab ($17B); Fidelity ($5.1B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Waverly Advisors, LLC a hybrid RIA with a broker-dealer?
Waverly Advisors, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Waverly Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, Waverly 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 Waverly 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 (2026-08-31), 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 →