AAN Wealth Advisors LLC

AAN Wealth Advisors provides advisory services to individuals, retirement plans, trusts, estates, charitable organizations and investment companies, offering investment management through recommended subadvisors as well as project consulting and financial planning. At the outset of a relationship the firm uses a risk tolerance questionnaire and an Investment Policy Statement to recommend a model portfolio and to assist clients with custodian account setup.

AAN does not directly implement individual security-level portfolios; instead the firm selects and oversees an unaffiliated subadvisor (AdvisoryAlpha LLC) that manages and rebalances model portfolios on a discretionary basis, and AAN retains the authority to hire, fire, or change that subadvisor or the chosen model. Because clients are invested in subadvisor model portfolios, holdings are not tailored to client-imposed security restrictions and clients are directed to review the subadvisor’s disclosure materials for strategy and risk details.

Two features distinguish AAN from many team firms: it maintains seven offices, which is uncommon for firms of this size and structure, and it routes portfolio implementation through an external subadvisor rather than providing in-house portfolio management. The firm also discloses multiple advisors who maintain active insurance practices and an affiliated insurance marketing organization that refers clients to and from AAN, an arrangement the brochure identifies as a potential conflict of interest subject to the firm’s fiduciary oversight.