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Alliance Wealth Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Alliance Wealth Management is a financial advisor firm located in Carbondale, Illinois. The firm works with individuals for the most part, but it also advises high-net-worth individuals as well as pension and profit-sharing plans. With no minimum account size, the firm is open to investors of all levels.

Alliance was founded in 2011 by Jeff Rose. Relying on fundamental, technical and cyclical analysis, the firm offers both investment supervisory services and financial planning services to its clients.

Alliance Wealth Management Background

Alliance Wealth Management was founded in 2011 by Jeff Rose, a certified financial planner (CFP) who has been working as a financial advisor for more than 10 years.

After eight years running the firm, Jeff moved to Tennessee and contacted John Alongi and Brad Wills, fwo former business partners, about the idea of purchasing AWM. Once the agreement was made, John and Brad took over in 2019 and are currently principal owners of the firm.

The firm offers investment supervisory services and financial planning services to its clients. The firm has grown substantially since its founding. 

Alliance Wealth Management Client Types and Minimum Account Sizes

Alliance Wealth Management offers its services to individuals and institutions. However, the firm currently mainly works with non-high-net-worth individuals and high-net-worth individuals. It also serves a couple of pooled investment vehicles.

Alliance Wealth Management does not have a minimum account requirement.

Services Offered by Alliance Wealth Management

Alliance Wealth Management splits its offerings into two categories: investment supervisory services and financial planning services. For its investment supervisory services, the firm builds an individualized portfolio for each client based on his or her financial objectives and risk tolerance. Alliance offers advisory services on either a discretionary or non-discretionary basis, but the vast majority its accounts are managed on a discretionary basis.

Financial planning services consist of evaluating each client’s financial situation, both in the present and the future. From there, a plan is created that will take the client from the current situation to a desired future situation. The financial plans offered by Alliance Wealth Management cover the following areas:

  • Personal
  • Death and disability
  • Retirement
  • Investments
  • Insurance

Alliance Wealth Management Investment Philosophy

Alliance Wealth Management tailors its advice and recommendations to the financial goals and risk tolerance of each individual client. Within that framework, the firm relies mostly on fundamental analysis when it comes to analyzing investments. Fundamental analysis is essentially studying financial statements and company data in order to find companies and stocks that the market is undervaluing.

In terms of investment philosophy, advisors at Alliance are not trying to outsmart the market to earn lucrative returns while taking enormous risks. Instead, the firm prefers to take a slower, more reliable approach, investing in companies with solid long-term potential.

Fees Under Alliance Wealth Management

For its investment advisory services, Alliance Wealth Management charges a fee based on the value of the assets in your account. You’ll pay the fee every quarter in advance. The exact fee rate is calculated based on the following schedule:

Investment Advisory Fee Schedule
AUM Annual Fee
$0 - $250,000 1.50%
$250,000 - $500,000 1.35%
$500,000 - $1,250,000 1.25%
$1,250,000 - $3,000,000 1.00%
Above $3,000,000 0.75%

The below table shows how Alliance Wealth Management's fees might look to a potential client.

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Alliance Wealth Management*
Your Assets Alliance Wealth Management Fee Amounts
$500K $7,125
$1MM $13,375
$5MM $49,000
$10MM $86,500

For financial planning services, the firm generally charges a flat and negotiable fee. You’ll typically pay half of the fee at the beginning of the relationship and the other half once everything is completed.

What to Watch Out For

Alliance Wealth Management has no disclosures on its Form ADV, giving it a clean legal and regulatory record.

Advisors at the firm may be licensed insurance agents. This means that they may receive the commissions customary to selling insurance products and may therefore be incentivized to recommend such insurance products. This incentive could potentially create a conflict of interest.

That said, the firm is bound by fiduciary duty, which means that it is legally obligated to act in its clients' best interests in all matters. Further, the firm discloses any and all potential conflicts of interest before entering into an advisory relationship, pursuant to its code of ethics.

Opening an Account With Alliance Wealth Management

If you’re looking into opening an account with Alliance, you’ll want to be within driving distance of the firm's office in Carbondale, Illinois. You can call over the phone or visit the firm’s website to schedule an initial consultation, but a relationship with the firm will more than likely require at least some face-to-face interaction. To schedule a meeting online, head to the firm’s website and click the Start Here button in the upper right corner, then follow the instructions to schedule your consultation.

All information is accurate as of the writing of this article.

Tips for Finding a Financial Advisor

  • Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • If you are looking to make sure you can maintain your lifestyle after you’re done working, you can use SmartAsset's retirement calculator. You can enter your information, and the calculator will tell you what you need to save to live the life you want in retirement.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research