Family WMS, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
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
Expertise
Fee options
$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
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
See office490 N Milledge Avenue
Athens GA 30601
Advisors at this office
1
Offices (2)
Most active in
Florida · Georgia · Louisiana · Mississippi · New York · South Carolina · Tennessee · Texas
Also doing business as
Family Wealth Management Services Inc. · Family Wealth Management Services, LLC. · Family Wms, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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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.
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.
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.
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.
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