Wealth Management Consultants, LLC logo

Wealth Management Consultants, LLC

Updated today

Client assets under management

$23,309,282

Clients

40

40% high-net-worth

Advisors

2

of 2 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

20

Low

Average account size

$582,732

About

Wealth Management Consultants, LLC provides financial planning and investment management to individuals (including high‑net‑worth clients), trusts, pension and profit‑sharing plans, municipalities, and business entities. The two‑advisor firm manages roughly $23.3 million for about 40 clients and offers comprehensive planning, portfolio management, retirement plan consulting and related advisory services.

Investment services are delivered through multiple platforms, including Advisor Managed Portfolios, Model Portfolios, and a SMA/UMA wrap program (WMAP), and through selected third‑party advisory managers. The firm generally operates on a non‑discretionary basis, uses risk‑tolerance questionnaires and asset‑allocation software, and employs both fundamental and technical analysis to construct and rebalance model‑based portfolios held at Pershing.

WMC is notable for its industry affiliations: its principals are registered representatives of Osaic Wealth, the firm participates in third‑party advisory relationships, and advisors are licensed insurance agents — arrangements that can generate commissions, revenue sharing, or paying‑agent arrangements disclosed in the brochure. The firm also sponsors wrap fee programs and routes accounts through Osaic Wealth’s clearing relationship with Pershing, features that create operational linkages and potential conflicts of interest clients should consider when reviewing the firm’s disclosures.

Client services

Financial planning Portfolio management

Expertise

General retirement planning General tax planning

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Fee options

Percentage

$5,000 - $249,999.99: 0.400% – 2.00% $250,000 - $499,999.99: 0.375% – 2.00% $500,000 - $749,999.99: 0.350% – 2.00% $750,000 - $1,249,999.99: 0.325% – 2.00% $1,250,000 - $1,999,999.99: 0.300% – 2.00% $2,000,000 - $4,999,999.99: 0.275% – 2.00% $5,000,000 - $24,999,999.99: 0.250% – 2.00% Over $25,000,000+: 0.225% – 2.00%

Commissions

Commission on investment and insurance products sold by representatives as registered representatives of Osaic Wealth and licensed insurance agents

Project-based

$125 per hour for financial planning consulting services, negotiable

Other

Account minimum: $5,000 Fee-only: $125 per hour financial planning rate, negotiable

Main office location

Wealth Management Consultants, LLC

1621 South University Blvd., Suite A 2

Mobile AL 36609, United States

Number of offices

2

Most active in

Alabama

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

David B

CFP®, Series 63, Series 65

Daphne, AL

Wealth Management Consultants, LLC

David Braud is a Certified Financial Planner® with 39 years of industry experience. He is currently affiliated with OSAIC since 2023 and previously worked at Sagepoint Financial, Inc. for 14 years. Outside of his advisory role, he serves as President and Treasurer of the Daphne Executive Center Condo Owner's Association. OSAIC is a large SEC-registered investment adviser and FINRA member broker-dealer that serves a diverse client base including individual investors, pension plans, corporations, and charitable organizations. The firm employs a range of investment strategies and offers various advisory programs and third-party manager access through its extensive network of financial advisers.

General retirement planning General tax planning
user avatar

Miles B

Series 63, Series 65

Mobile, AL

Wealth Management Consultants, LLC

Miles Ball is a financial advisor with Wealth Management Consultants, LLC in Mobile, Alabama, holding Series 63 and Series 65 licenses and bringing 39 years of industry experience. He previously worked at Sagepoint Financial Inc for 14 years and has been with OSAIC since 2023. Outside of his advisory role, Mr. Ball serves on the Jaguar Athletic Fund Board for the University of South Alabama’s soccer team and volunteers as a poll inspector in Mobile County elections. Wealth Management Consultants, LLC provides financial planning and investment management services to individuals, trusts, pension and profit-sharing plans, municipalities, and business entities. The two-advisor firm manages approximately $23.3 million for about 40 clients, offering comprehensive planning, portfolio management, retirement plan consulting, and related advisory services.

General retirement planning General tax planning
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