AFC Wealth Advisors

The firm serves individuals, trusts, estates, charitable organizations and business entities by recommending and referring those prospective clients to unaffiliated, SEC- or state-registered money managers; it does not provide portfolio management, custody, or tailored advisory services directly to investors. It operates as a promoter/referral intermediary and is compensated by a portion of the management fee paid by the unaffiliated managers rather than by charging advisory fees to the investor clients.

The firm’s role is limited to selecting and introducing outside investment advisers under formal referral agreements, with the referred managers retaining responsibility for investment decisions, execution, reporting and proxy voting. Because the firm does not manage or trade client accounts, it does not prepare account reviews, hold client assets, or have discretion over client portfolios.

This referral-only structure is uncommon for firms in its investment-manager category, where peers more typically manage pooled or institutional assets and charge percentage-of-assets fees; unlike those peers, the firm does not charge AUM-based fees or accept sales-based compensation. The firm is run as a single-adviser operation whose principal maintains a separate, non-investment occupation and the brochure discloses no custody, performance-fee arrangements, or regular client reporting undertaken by the firm itself.