Wells Financial Management, LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$131,254,907
This total excludes 2 entity clients. Entities are clients such as corporations, partnerships, or trusts.
Clients
96
43% high-net worth
Advisors
1
of 2 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
96
Very HighAverage account size
$1,367,239
About
Wells Financial Management, LLC is a sole‑owned, single‑advisor registered investment adviser that provides discretionary portfolio management and financial planning to individuals, high‑net‑worth clients, and entities such as corporations, trusts, estates and charitable organizations. The firm manages approximately $132.7 million in client assets and works primarily with individual and high‑net‑worth households.
The firm constructs diversified, asset‑allocation portfolios guided by economic scenario analysis and uses mutual funds, ETFs, individual equities and fixed‑income securities; it also may include alternative strategies and apply ESG considerations when appropriate. Management is generally discretionary, with clients able to impose written restrictions, and accounts are reviewed and rebalanced on an as‑needed basis.
Operationally, the firm routinely requires clients to custody assets at Charles Schwab and discloses that this directed brokerage requirement may affect execution choices, while it also aggregates trades and allocates average pricing across participating accounts. The adviser operates with a single principal who conducts account reviews, may use standing letters of authorization for third‑party transfers under specified safeguards, and may waive financial planning fees for clients who engage its portfolio management services and meet the firm’s account criteria.
Client services
Financial planning
Portfolio management
Expertise
ESG / Sustainable investing
Real estate investing
Cash flow / budgeting
Debt management
College savings (529s, UTMA, etc.)
Fee options
$500 - $5,000 (financial planning, negotiable; may be waived with $500,000 minimum managed assets)
$0 - $500,000: 1.25% $500,000 - $1,000,000: 1.00% $1,000,000 - $5,000,000: 0.75% $5,000,000 - $10,000,000: 0.50% $10,000,000+: Negotiable
Account minimum: $500,000
Main office location
Wells Financial Management, LLC
56 Central Avenue, Suite 105
Asheville NC 28801, United States
Number of offices
1
Most active in
Wells Financial Management, LLC has reported serving >5 clients in these states in the last 12 months.
Louisiana · North Carolina · Texas
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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