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Alliance Wealth Management Review

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by Hunter Kuffel Updated
Alliance Wealth Management

Alliance Wealth Management is a financial advisor firm located in Carbondale, Illinois, that has roughly $34 million in assets under management. 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, the firm's CEO, and it advises approximately 250 clients today. 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. The firm offers investment supervisory services and financial planning services to roughly 250 clients in southern Illinois. The firm has grown to have more than $34 million in assets under management since its founding.

What Types of Clients Does Alliance Wealth Management Accept?

Alliance Wealth Management offers its services to individuals and high-net-worth individuals. It also serves pension and profit-sharing plans.

Alliance Wealth Management Minimum Account Sizes

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:

Account Size Fee Rate
$0 - $25,000 2.00%
$25,001 - $100,000 1.75%
Above $100,000 1.50%

For financial planning services, the firm generally charges a flat fee of $600, although this fee is also negotiable in certain cases depending on the complexity of your account. You’ll pay half of the fee at the beginning of the relationship and the other half once everything is completed.

The below table shows how Alliance Wealth Management's fees compare to the national median. Remember that these are only estimates and actual fees may vary.

Estimated Fee Comparison*
Your Assets Alliance Wealth Management National Median Advisory Fees**
$500K $7,500 $5,000
$1MM $15,000 $8,500 - $10,000
$5MM $75,000 $25,000 - $32,500
$10MM $150,000 $50,000
*Fee estimates only consider the maximum base fees for the services each firm provides. You may also pay manager fees and other fees, which can vary in amount. **All figures are based on median fee levels according to Bob Veres' 2017 Planning Profession Fee Survey. The above estimates solely take into account AUM-only fees. Total costs will likely be higher due to additional expenses.

What to Watch Out For

Jeff Rose, the founder and CEO of Alliance Wealth Management, is a licensed insurance agent in addition to serving as a financial advisor at the firm. This means that he 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.

Disclosures

Alliance Wealth Management does not have any disclosures.

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 (618) 457-6525 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.

Where Is Alliance Wealth Management Located?

Alliance Wealth Management is located in Carbondale, Illinois, on Washington Street between Main Street and Walnut Street. Carbondale is located in southern Illinois, about two hours southeast of St. Louis.

Tips for Finding a Financial Advisor

  • Using SmartAsset’s SmartAdvisor tool can be a simple way to take the confusion out of finding a financial advisor. After you answer some questions about your financial goals and preferences, the tool will connect you with up to three qualified financial advisors in your area.
  • 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 Many Years $1 Million 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 cost of living in retirement there.

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

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. 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.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

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