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Waverly Advisors, LLC

Multifamily office listing in Birmingham, Alabama, United States.

  • SEC-registered
  • Founded 1999
Regulatory AUM
$29.9 billion
Employees
414
Clients
More than 500
Founded
1999

WAVERLY ADVISORS, LLC is an SEC-registered investment adviser based in Birmingham, Alabama, United States that serves high-net-worth individuals, families, business owners, institutions, and retirement plans.1215

Overview

Waverly Advisors, LLC reports a principal office in Birmingham, Alabama, and 48 other offices.23 The firm reports $29,872,072,116 in regulatory assets under management as of August 31, 2026.4

History

Waverly Advisors, LLC says it was founded in 1999.14

Timeline

  1. 1999Waverly Advisors, LLC says it was founded in 1999.
  2. 2026The firm reports $29,872,072,116 in regulatory assets under management as of August 31, 2026.

Leadership

Justin T. Russell is Partner, President & CEO.20 James R. Lazenby is Partner, Chief Financial Officer.21 Justin Snell is Partner, Chief Operating Officer.22 Clay McDaniel is Partner, Chief Investment Officer.23 Brent Gunn is Partner, Chief Information Officer.24 John B. Cox is Partner, Chief Economist and Wealth Advisor.25 Wayne LeSage is Partner, Chief Growth Officer.26 TJ Claud is Chief Compliance Officer.27

Services

The firm describes coordinated investment management, financial planning, tax strategy, trust and estate planning, and family-office services.16 Its wealth-management approach connects investment management with retirement, tax, estate, and cash-flow planning.17 Family-office support includes investment strategy, tax planning, estate planning, trust services, risk management, philanthropy, and legacy planning.18 Institutional consulting covers investment oversight, governance, cash management, and long-term financial sustainability.19 The firm also reports portfolio management for individuals, small businesses, investment companies, pooled vehicles, and institutions, along with financial planning, pension consulting, and selection of other advisers.101112

What the firm offers

  • Investment management
  • Financial planning
  • Tax planning
  • Estate planning
  • Trust and fiduciary
  • Philanthropy
  • Family governance and education
  • Risk and insurance
  • Retirement planning

Client focus

Reported client groups include 8,621 non-high-net-worth individuals, 4,302 high-net-worth individuals, 453 pension plans, 27 pooled vehicles, and 81 charitable organizations.56789

Investment philosophy and approach

The firm says its operating philosophy centers on service, integrity, family, grace, teamwork, drive, empathy, and community.28

Assets and minimums

As of August 31, 2026, Waverly Advisors, LLC reported $29,872,072,116 in regulatory assets under management.4 The firm reports percentage-of-assets, hourly, fixed, and performance-based fees.13

By the numbers

Regulatory AUM by year$0K$8.2B$16.4B$24.6B$32.9B2016201720182019202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 115332. As of .
Regulatory assets under management
YearRegulatory AUMDiscretionaryNon-discretionary
2016$1.9 billion$1.0 billion$838 million
2017$2.4 billion$2.3 billion$122 million
2018$2.5 billion$2.4 billion$131 million
2019$2.5 billion$2.5 billion$53 million
2020$2.7 billion$2.6 billion$63 million
2021$3.3 billion$3.2 billion$57 million
2022$4.5 billion$4.3 billion$170 million
2023$5.8 billion$5.5 billion$252 million
2025$28.3 billion$23.3 billion$5.0 billion
2026$29.9 billion$25.2 billion$4.7 billion
Average AUM per client by year$0K$869K$2M$3M$3M20182019202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 115332. Regulatory AUM divided by the client count reported in Item 5D. Client types reported as fewer than 5 are not counted, so this is approximate. As of .
Average AUM per client
YearAverage AUM per client
2018$2 million
2019$2 million
2020$2 million
2021$3 million
2022$3 million
2023$2 million
2025$2 million
2026$2 million
Clients by type (2026)Individuals8,621High net worth individuals4,302Pension plans453Corporations200Charities81Pooled investment vehicles27Banking institutions2Investment companies1Government entities1Insurance companies1
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 115332. "<5" means the firm reported fewer than 5 clients of that type. As of .
Clients by type
Client typeClients (2026)
Individuals8,621
High net worth individuals4,302
Banking institutions2
Investment companies1
Pooled investment vehicles27
Pension plans453
Charities81
Government entities1
Insurance companies1
Corporations200
Employees by year01142283424552016201720182019202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 115332. As of .
Employees reported on Form ADV
YearEmployees
201644
201750
201849
201950
202049
202149
202263
202383
2025371
2026414

Ranks #1 of 3 SEC-registered firms in AL on MultifamilyOffices.com by regulatory AUM.

Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 115332. Ranking uses only firms profiled on MultifamilyOffices.com. As of .

FAQs

What types of clients does Waverly Advisors serve?

The firm serves individuals, families, business owners, institutions, and retirement plans.15

Does Waverly Advisors provide family-office services?

Yes. Its stated family-office support includes investment, tax, estate, trust, risk-management, philanthropy, and legacy-planning services.18

Who leads Waverly Advisors?

Justin T. Russell serves as Partner, President & CEO, with executive leadership spanning finance, operations, investments, information, economics, growth, and compliance.2021222324252627

  • LocationMultifamily offices in Alabama

    This directory helps compare Alabama firms serving wealthy families, business owners, institutions, and retirement plans. It gives regional context for considering services such as investment management, financial planning, tax planning, estate planning, and family governance alongside Waverly Advisors, LLC.

  • Network siteEstatePlanner.com

    EstatePlanner.com offers practical guides on wills, trusts, beneficiary choices, and related estate matters. A reader considering Waverly Advisors, LLC can use these materials to prepare questions about estate planning, trust and fiduciary work, philanthropy, and family education for discussions involving family assets.

  • Network siteFamilyOfficeDatabases.com

    FamilyOfficeDatabases.com provides databases covering family offices and investors. Business owners and affluent families can use the listings to understand how investment relationships, institutional connections, and private wealth structures may differ across markets while evaluating which services they may need from an adviser.

  • DataMFO registration status data

    This registration status page helps readers review whether investment advisers appear in applicable registration records. For someone considering Waverly Advisors, LLC in Birmingham, Alabama, it provides a starting point for checking regulatory information alongside questions about investment management, planning, and services for institutions or retirement plans.

  • Similar firmsMachen McChesney
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    Profiles for Machen McChesney, Stewardship Investment Planning, and Anderson Growth Partners, LLC offer comparison points on this site. Reviewing them can help a family or business owner organize questions about investment management, planning, tax and estate needs, risk, retirement, and client focus when assessing firms in the same broad market.

Sources

  1. SEC Investment Adviser Public Disclosure record , accessed/as of 2026-08-31.
  2. SEC Investment Adviser Public Disclosure record , accessed/as of 2026-08-31.
  3. SEC Investment Adviser Public Disclosure record , accessed/as of 2026-08-31.
  4. SEC Investment Adviser Public Disclosure record , accessed/as of 2026-08-31.
  5. SEC Investment Adviser Public Disclosure record , accessed/as of 2026-08-31.
  6. SEC Investment Adviser Public Disclosure record , accessed/as of 2026-08-31.
  7. SEC Investment Adviser Public Disclosure record , accessed/as of 2026-08-31.
  8. SEC Investment Adviser Public Disclosure record , accessed/as of 2026-08-31.
  9. SEC Investment Adviser Public Disclosure record , accessed/as of 2026-08-31.
  10. SEC Investment Adviser Public Disclosure record , accessed/as of 2026-08-31.
  11. SEC Investment Adviser Public Disclosure record , accessed/as of 2026-08-31.
  12. SEC Investment Adviser Public Disclosure record , accessed/as of 2026-08-31.
  13. SEC Investment Adviser Public Disclosure record , accessed/as of 2026-08-31.
  14. Waverly Advisors About Us , accessed 2026-10-23.
  15. Waverly Advisors About Us , accessed 2026-10-23.
  16. Waverly Advisors , accessed 2026-10-23.
  17. Waverly Advisors Private Wealth Management , accessed 2026-10-23.
  18. Waverly Advisors Family Office , accessed 2026-10-23.
  19. Waverly Advisors Institutional Endowment Consulting , accessed 2026-10-23.
  20. Waverly Advisors People , accessed 2026-10-23.
  21. Waverly Advisors People , accessed 2026-10-23.
  22. Waverly Advisors People , accessed 2026-10-23.
  23. Waverly Advisors People , accessed 2026-10-23.
  24. Waverly Advisors People , accessed 2026-10-23.
  25. Waverly Advisors People , accessed 2026-10-23.
  26. Waverly Advisors People , accessed 2026-10-23.
  27. Waverly Advisors People , accessed 2026-10-23.
  28. Waverly Advisors About Us , accessed 2026-10-23.

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.

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