American Wealth Management, Inc. (AWM) is a fee-only financial advisor that’s centrally located in Atlanta, Georgia. The firm operates four other branches in Casper, Wyoming; Biloxi, Mississippi; Palm Harbor, Florida; and Petaluma, California. AWM is partnered with two other advisory firms: Langley Wealth Management, LLC in Corinth, Mississippi, and Stephan and Associates Wealth Management in Xenia, Ohio.
There are 16 financial advisors employed at American Wealth Management. The team has a total of $192.7 million in client assets under management (AUM).
American Wealth Management Background
Founded in 1994, American Wealth Management has been in business for 25 years. Current president Jerry Borzello established the firm and remains the principal owner to this day. Borzello has around 30 years of experience in financial services and investing.
There are two certified financial planners (CFPs) and one chartered financial analyst (CFA) working at American Wealth.
What Types of Clients Does American Wealth Management Accept?
Individuals and high-net-worth individuals are far and away the most common client types at American Wealth Management. Corporate pension and profit-sharing plans, foundations, endowments and charitable institutions make up the rest of its typical client base.
American Wealth Management Minimum Account Size
For the most part, American Wealth Management adheres to a minimum opening account size of $100,000. Depending on your circumstances, though, the firm may shift this requirement.
Services Offered by American Wealth Management
Clients of American Wealth Management can access a number of different advisory services across financial planning and investment advising, including:
- Comprehensive financial services
- General financial planning
- Retirement planning
- Education cost planning
- Estate planning
- Trust planning
- Investment consulting
- Portfolio monitoring and rebalances
- Return analysis
- Investment advising for:
- Mutual funds
- Exchange-traded funds (ETFs)
- Separately-managed accounts (SMAs)
- Specialized advisory services
- Retirement plans
- Hedge funds
- Employee stock options
- Custodial and trust services
American Wealth Management Investment Philosophy
Rather than prepare a set of model portfolios or use a one-size-fits-all approach, American Wealth Management will customize an investment strategy for each of its clients. First and foremost, the firm states that your personal investment objectives are of the utmost concern, as this sheds light on the overall time horizon of your desired financial future. Aside from this ultimate factor, the firm takes into account your risk tolerance, liquidity needs and any investment discretion.
When selecting which investments will live in your portfolio, AWM relies on its proprietary market research. At a deeper level, this involves micro and macroeconomic information, fundamental and technical analysis, outside research materials, corporate rating services, annual reports, SEC filings, company press releases and more.
Fees Under American Wealth Management
American Wealth Management has an extremely compact, negotiable fee schedule. Clients will pay an annual fee of about 1.00% to 2.00%. This rate is divvied up into four quarterly payments and are paid in advance. All AWM fees are based on the total value of your assets under management at the conclusion of the quarter. You can choose either to receive an invoice for your fees or have them deducted directly from your account’s balance.
What to Watch Out For
Although the $100,000 account minimum at American Wealth Management is far beneath the SEC’s $750,000 investable asset threshold for high-net-worth individuals, it’s still a solid chunk of change. Therefore, if you’re looking to become a client of the firm, make sure an investment of this size fits in with your overall financial plans.
American Wealth Management does have a single disclosure on its Form ADV. Check out more information below.
American Wealth Management’s lone disclosure is in reference to an SEC rule violation that occurred at the firm on November 30, 2004. The SEC alleged that AWM “conducted a securities business on (the aforementioned date) while failing to maintain its minimum net capital as required by Section 15(C) of the Securities and Exchange Act of 1934.” The report continues to state that the firm, acting through one of its principals, “prepared an inaccurate general ledger, trial balance and net capital computation for November 2004.” As a result of these allegations, the SEC sanctioned the firm with a censure, a $15,000 fine and restitution payments, plus interest, to certain customers.
Opening an Account With American Wealth Management
Prospective clients of American Wealth Management can best reach the firm over the phone at (770) 392-8740 and via email at firstname.lastname@example.org. You can have an AWM advisor call you by simply filling out the firm’s contact form with your personal information, best times to contact you and an overview of the services you’re looking for.
Where Is American Wealth Management Located?
American Wealth Management’s main office is located in Atlanta, Georgia at 1050 Crown Pointe Parkway, Suite 1230. AWM also runs four other branches in the following places:
- Casper, Wyoming: 152 North Durbin Street
- Biloxi, Mississippi: 2635 Pass Road, Suite A
- Palm Harbor, Florida: 34650 US Highway North, Suite 109
- Petaluma, California: 765 Baywood Drive, Suite 225
Tips for Building a Long-Term Investment Portfolio
- Having an asset allocation that aligns with your level of risk tolerance is one of the best ways to set up your portfolio for success over a lengthy time period. SmartAsset’s asset allocation calculator offers help in figuring out what kind of allocation fits you. Once you select where you fall on the risk spectrum between “very conservative” and “very aggressive,” the tool will illustrate what collection of investment types you should look to buy and the percentages each should occupy in your portfolio.
- Similar to how annual income is taxed, your portfolio’s returns are taxed based on how much you profited from your investments. Calculating your capital gains tax is important, especially if you’re planning on holding onto an investment for years at a time.
- If you’re new to investing or you don’t have the time to manage a portfolio in an in-depth way, you may want to consult a financial advisor. The SmartAsset financial advisor matching tool makes it easy to find an advisor in your area. Take our quick personal finance questionnaire so we can get an idea as to what you want out of an advisor. Once you’ve completed this, you’ll be paired with up to three advisors in your area.