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.
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