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Hicks & Associates Wealth Management, LLC

Updated today

Client assets under management

$119,572,858

Clients

162

23% high-net-worth

Advisors

2

of 4 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

81

High

Average account size

$738,104

About

Hicks & Associates Wealth Management primarily serves individual and high net worth clients, including trusts, estates, individual retirement accounts, and 401(k) plans, providing discretionary portfolio management through separately managed accounts and, when requested, non-discretionary financial planning and consulting. The firm charges fees as a percentage of assets under management and does not sponsor wrap fee programs.

The firm describes a Multi-Strategy Investment Management Process that combines fundamental and technical analysis with a bias toward technical methods; its playbook includes buy-and-hold (conditioned on trend), quantitative, trend-following, tactical, and discretionary strategies overseen by an Investment Committee. Risk controls cited in the brochure include the use of rules-based stops, regular position reviews (no less than weekly), and quarterly account reviews, with accounts managed on a discretionary basis unless clients impose written restrictions.

Noteworthy operational features disclosed in the brochure include the use of a third‑party platform to manage held-away defined contribution participant accounts with discretion, block-trade aggregation via a master account with pro rata allocations, and formal referral arrangements that compensate introducers on a flat-fee basis. The firm also documents its custodial and support relationship with a major custodian that provides software, trade execution access, and practice-management services — arrangements the brochure identifies as both a benefit to the firm and a potential conflict of interest that the firm monitors.

Client services

Financial planning Portfolio management

Expertise

Active portfolio management

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Fee options

Fixed

Flat fee for consulting services, amount varies by engagement; typically 50% upfront, balance upon completion; not to exceed $1,200 billed six or more months in advance

Percentage

$0+: 0.30% +: up to 2.00%

Project-based

$500/hour for consulting services

Main office location

Hicks & Associates Wealth Management, LLC

1145 Executive Circle, Suite C

Cary NC 27511, United States

Number of offices

1

Most active in

North Carolina · Texas

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Paul R

CFP®, Series 63

Cary, NC

Hicks & Associates Wealth Management, LLC

Paul Richards is a CFP® with 15 years of industry experience, currently serving as an advisor at Hicks & Associates Wealth Management, LLC. His prior roles include positions at WealthShield Partners, Ameriprise Financial Services, Edward Jones, and METLIFE Investors Distribution Company. Hicks & Associates Wealth Management primarily serves individual and high net worth clients, including trusts, estates, IRAs, and 401(k) plans, providing discretionary portfolio management through separately managed accounts alongside non-discretionary financial planning and consulting services. The firm applies a Multi-Strategy Investment Management Process combining fundamental and technical analysis, emphasizing risk controls such as rules-based stops and regular position reviews.

Active portfolio management
user avatar

Carman H

CFP®, Series 63, Series 65

Cary, NC

Hicks & Associates Wealth Management, LLC

Carman Hicks II is a CFP® with 27 years of industry experience, currently serving at Hicks & Associates Wealth Management, LLC since 2022. He previously worked at WealthShield Partners, LLC and Ameriprise Financial Services, Inc. Since 2013, he has also engaged in fiduciary activities acting as attorney-in-fact, trustee, conservator, guardian, executor, or personal representative. Hicks & Associates Wealth Management primarily serves individual and high net worth clients, offering discretionary portfolio management and non-discretionary financial planning. The firm employs a Multi-Strategy Investment Management Process that integrates fundamental and technical analysis with various investment strategies overseen by an Investment Committee.

Active portfolio management
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