Family WMS, LLC

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Client assets under management

$571,641,963

Clients

64% high-net worth

Advisors

of 8 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

Very Low

Average account size

$9,371,180

About

Family WMS, LLC provides investment advisory and portfolio management services to individuals and high‑net‑worth clients, offering both discretionary and non‑discretionary arrangements and including financial planning at no additional charge. The firm also provides a suite of accounting and administrative services—bookkeeping, tax return preparation, payroll tax administration, consolidated financial reporting, and bill‑pay assistance—bundled under its portfolio management fee.

In managing assets, Family WMS typically allocates among asset classes and selects third‑party money managers, relying on model portfolios from sub‑advisers and retaining the discretion to hire or terminate those sub‑advisers without prior client approval. The firm does not perform quantitative or qualitative analysis of individual securities and manages cash using the custodian’s exclusive money‑market sweep; it also stresses that tax efficiency is not its primary management consideration and recommends clients consult tax professionals.

According to its brochure, Family WMS manages $571,641,963 in client assets while serving 61 clients with three advisors, producing a relatively high assets‑per‑client ratio compared with many team firms. It also discloses operational practices that distinguish it from peers—most notably the inclusion of comprehensive accounting services in advisory fees and a stated policy not to aggregate trades for execution—which can affect trade execution and pricing across client accounts.

Client services

Financial planning Portfolio management Selection of other advisers Tax accounting services

Expertise

Wealth management

Fee options

Percentage

$0 - $1,000,000: 1.00% $1,000,001 - $4,000,000: 0.83% $4,000,001 - $9,000,000: 0.70% $9,000,001 - $16,000,000: 0.60% $16,000,001 - $26,000,000: 0.50% $26,000,001+: Negotiable

Other

Account minimum: $1,000,000 Minimum fee: $10,000 per year (may be waived at discretion) Fee-only: Fee-only advisory services; no commissions charged by the firm

Main office location

Family WMS, LLC

490 N. Milledge Ave

Athens GA 30601, United States

Number of offices

Most active in

Florida · Georgia · Louisiana · Mississippi · New York · South Carolina · Tennessee · Texas

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

Website 404-961-1051

Advisors at this firm

Leslie A

Series 63, Series 65

Athens, GA

Family WMS, LLC

Leslie Allen is a financial advisor at Family WMS, LLC with 25 years of industry experience. She holds Series 63 and Series 65 licenses and has worked at Advocacy Wealth Management Services, LLC since 2006 and Family Wealth Management Services Inc. since 2003, where she serves as president. Family WMS, LLC serves individual and high-net-worth clients, providing discretionary and non-discretionary portfolio management alongside complimentary financial planning. The firm also offers bundled accounting services and focuses its investment advice on asset allocation and third-party money managers rather than in-house security analysis.

Wealth management

Scott S

Series 65

Memphis, TN

Family WMS, LLC

Scott Shows is a financial advisor at Family WMS, LLC in Memphis, TN, holding a Series 65 designation with 23 years of industry experience. He has been associated with Advocacy Wealth Management Services, LLC since 2006 and Family Wealth Management Inc. since 2003, where he also serves as Chief Financial Officer overseeing the firm’s financial operations. Family WMS, LLC serves individual and high-net-worth clients with discretionary and non-discretionary portfolio management and offers financial planning at no extra charge. The firm provides bundled accounting services alongside investment advice focused on asset allocation and the use of third-party money managers, serving a small client base with a high asset-per-client profile.

Wealth management

Stephen H

Series 65

Memphis, TN

Family WMS, LLC

Stephen House is a financial advisor at Family WMS, LLC in Memphis, TN, holding a Series 65 designation with 13 years of industry experience. He has been with Family WMS since 2004. Family WMS, LLC serves individual and high-net-worth clients, providing discretionary and non-discretionary portfolio management alongside complimentary financial planning. The firm also offers bundled accounting services such as bookkeeping, tax preparation, and payroll tax administration, focusing its investment advice on asset allocation and third-party money managers rather than in-house security analysis.

Wealth management

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