&partners: AUM & Ownership

Clients

&partners serves 62,194 clients, 11,803 of them high-net-worth individuals. The average client has about $487,000 with the firm, and high-net-worth clients hold 38% of its $30.3 billion in assets.

Regulatory assets by client type

Individuals42,060 clients31%
High-net-worth individuals11,803 clients38%
Pension and profit-sharing plans1,887 clients3%
Corporations and other businesses735 clients8%
Other5,687 clients21%
Charitable organizations22 clients0%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
Individuals (other than HNW)	42,060	$9,326,016,519	30.8%	$222K
High-net-worth individuals	11,803	$11,406,325,725	37.7%	$966K
Pension and profit-sharing plans	1,887	$862,123,304	2.8%	$457K
Charitable organizations	22	$12,354,411	0.0%	$562K
Corporations and other businesses	735	$2,270,215,653	7.5%	$3.09M
Other	5,687	$6,391,654,186	21.1%	$1.12M
Total	62,194	$30,268,689,798	100%	$487K

Individuals (other than HNW)

Clients: 42,060
Regulatory AUM: $9,326,016,519
Share: 30.8%
Avg. per client: $222K

High-net-worth individuals

Clients: 11,803
Regulatory AUM: $11,406,325,725
Share: 37.7%
Avg. per client: $966K

Pension and profit-sharing plans

Clients: 1,887
Regulatory AUM: $862,123,304
Share: 2.8%
Avg. per client: $457K

Charitable organizations

Clients: 22
Regulatory AUM: $12,354,411
Share: 0.0%
Avg. per client: $562K

Corporations and other businesses

Clients: 735
Regulatory AUM: $2,270,215,653
Share: 7.5%
Avg. per client: $3.09M

Other

Clients: 5,687
Regulatory AUM: $6,391,654,186
Share: 21.1%
Avg. per client: $1.12M

Total

Clients: 62,194
Regulatory AUM: $30,268,689,798
Share: 100%
Avg. per client: $487K

What it does

&partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters, educational seminars and other activities. It is paid through a percentage of assets, hourly charges, subscription fees, fixed fees, commissions, performance-based fees and other arrangements.

&partners provided financial planning to 1–10 clients last fiscal year and advises no private funds.

96.7% of assets ($29.28B across 61,660 accounts) are managed with discretion; $993.4M across 534 accounts are not. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

Stocks66%
Bonds6%
- State and local bonds3%
- U.S. government and agency bonds2%
- Investment grade corporate bonds1%
Cash6%
Other22%
- Mutual funds, options, annuities22%

Custodians

&partners’ client accounts are held mainly at Fidelity, with 100% of managed assets. &partners has custody of $30.24B for 62,009 clients.

Managed account assets by custodian

FidelityNational Financial Services LLC · Boston, MA · $30.24B100%
All other custodians$28.1M0%

Ownership and leadership

Ampersand Partners, LLC owns 75% or more of &partners.

Who owns the firm

&partners· the adviser

Ampersand Partners, LLC
since August 2023
Owns 75% or more of &partners

Leadership

John W Alexander
Co-President
David Warren III Wiley III
Co-President
Kaley Porter Idol
Chief Compliance Officer
Alyson Mencio Stevens
Chief Compliance Officer - Advisory Business
Chyrlan Elizabeth Cooper
COO
David John Kowach
CEO
Richard Scott Nelson
CFO
Michael Christopher Schaller
Controller/FINOP

Staff

703 employees
439 in advisory functions
439 state-registered reps
504 broker-dealer reps
396 insurance agents
10 soliciting firms

Reported holdings

&partners’ reported 13F holdings total $24.37B across 2,509 positions, and the ten largest make up 21.5% of it.

$24.37B
Reported 13F value: 2,509
Positions: 21.5%
In the 10 largest: +20.4%
Value vs. prior quarter

Ten largest positions, share of reported value

Apple Inc.3.5%
iShares TR · Core S&P500 ETF2.9%
iShares TR · Core S&P Mcp ETF2.6%
Nvidia Corporation2.5%
Microsoft Corp.2.3%
iShares TR · Core US Aggbd ET1.7%
Dimensional ETF Trust · Intl Core EQT MK1.7%
Broadcom Inc.1.5%
Alphabet Inc. · Cap Stk CL A1.4%
iShares TR · Core MSCI Eafe1.4%

Together, the ten largest are 21.5% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 14 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $24.37B is not its $30.27B in regulatory assets and does not represent any individual client's portfolio.

Fees

&partners is paid through a percentage of assets under management, hourly charges, subscription fees, fixed fees (other than subscription fees), commissions, performance-based fees and other.

&partners’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, &partners has 122 offices, with 29 listed addresses across 17 states.

Listed office addresses by state

Tennessee · 2 listed addresses

40 Burton Hills BLVD, Suite 350, NashvilleHQ
40 Burton Hills BLVD, Nashville

Other business names

&partners has reported 116 other business names to the SEC.

1828 Capital
1854 Capital Management
26east Private Wealth
49 North Advisors
Aerial Wealth Advisors
Agape Wealth Strategies
Alderstone Wealth Management
Aletheia Capital Group
Apricity Advisors
Arbor Avenue Private Wealth
Arbor Row Advisors
Arrowhead Private Wealth
Arrowood Capital
Base Capital Partners
Blacklock Wealth Management
Bridgemill Private Wealth
Brio Wealth Solutions
Broadcloth Wealth
Canyon River Wealth Planning
Capone &partners
Carve Advisors
Centercoast Private Wealth
Circlepoint Financial
Compton Wealth
Coriolis Wealth Management
Cottage Wealth Advisors
Craiger Wealth Management
Creech Schwartz Wealth Management
Crestview Capital Advisors
DRH Wealth Management
Davidson Wealth Management
Deluca Financial Strategies
Eleiva Financial
Elevision Wealth Management
Ensemble Wealth Planning
Entandem Wealth Advisors
First Keystone Wealth Management
First Servant Wealth Management
Focus Capital Partners Private Wealth
Forge Point Advisors
Four Corners Wealth
Geller Private Wealth
Gerardi Wealth Management
Gold Key Private Wealth
Guident Wealth Management
Hampton Lanham Group
Heartwood Financial Group
Helix Private Wealth
Heritage Lake Advisors
Indigo Advisors
Ivy Crest Wealth Management
JW Wealth Management
Johnston Wealth Management
Kleinschuster Wealth Management
Lang Investment Group
Lightfoot Financial Group
Links Private Wealth
Lodgeview Wealth Advisors
Lumitas Wealth Strategies
M. Bennett Financial Group

Show all 116 names

M.T. Waldron Advisors
Mannen Financial Group
Marne Wealth Management
Marsteller Wealth
Martin Wright Group
Meridian Wealth Management
Nobles Grooms Wealth Advisors
North Lake Wealth Advisors
One Private Wealth
Palm Shores Wealth
Palmetto Financial Advisors
Paradym Wealth Management
Parsons Financial
Plaidsky Advisors
Power 5 - Olympia, Wa
Power 5 Financial
Power 5 Palestine, TX
Prairie Heritage Financial
Riazzi, Rhyne & Swaim Investment Group
Riverline Wealth
Rooks &partners - Inverness, FL
Roy, Tedeschi, Schmidt Private Wealth
SJ Martin Wealth Management
Schmiedbauer Investments &partners
Shick Wealth Management
Stanford Wealth Management Group
Steelcrest Investment Strategies
Stiles Financial
Streamline Private Wealth
Swartzentruber Wealth Management
Teagle Wealth
Teders & Quakenbush Wealth Management Group
Thames Private Wealth Strategies
The Donohue Group
The Johnson-Strnadel Group
The Jordanich Group
The Kerrigan Group
The Northshore Group
Third Coast Wealth Planning
Thompson Wealth Management
Trident Wealth Management Group
Trillium Wealth
Triune Wealth Management
Tuckaway Capital &partners
Unnerstall Wealth Management
Viribus Wealth Management
Von Hellens &partners
Wavewood Private Wealth
West Financial Group
Wiley Bros.-Aintree Capital
Willowstone Wealth Management
Wilton Springs
Wise & Partners
Wisepath Wealth Management
Zambroski-Polson Wealth Advisors
Zinn Wealth Management

Registration details

Legal name: &partners
Headquarters: 40 Burton Hills BLVD, Suite 350, Nashville, TN 37215
Phone: 615-255-6431
Website: Not reported
SEC file: 801-37145
Structure: Tennessee LLC
Fiscal year end: December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does &partners have?

&partners has 62,194 clients and manages $30.3 billion for them, as of September 2026. They include 42,060 other individuals, 11,803 high-net-worth individuals and 5,687 other clients.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 September 2026

What services does &partners offer?

&partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters, educational seminars and other activities.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does &partners use?

&partners’ separately managed account assets are held at National Financial Services LLC (Boston, MA), with $30,240,619,864. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 September 2026

How many financial advisors does &partners have?

&partners has 439 investment adviser representatives registered with state securities authorities, out of 703 employees, and 439 perform investment advisory functions. 504 are registered representatives of a broker-dealer and 396 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does &partners invest in?

At the end of its last fiscal year, &partners’ separately managed accounts held 66% exchange-traded equities, 22% mutual funds, options, annuities, 6% cash and equivalents, 3% state and local bonds, 2% U.S. government and agency bonds and 1% investment grade corporate bonds. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns &partners?

&partners’ direct owner is Ampersand Partners, LLC (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 25 September 2026

How does &partners get paid?

&partners is paid through a percentage of assets under management, hourly charges, subscription fees, fixed fees, commissions, performance-based fees and other arrangements.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file