Family WMS provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers. Financial planning was provided to 11–25 clients last fiscal year.
Family WMS reports 61 clients. They include 39 high-net-worth individuals and 22 individual clients. Of its assets, 54.6% ($312M across 189 accounts) are managed with discretion; $259M across 365 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 36% | 2% |
| High-net-worth individuals | 64% | 98% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 22 | $10.3M | 1.8% | $468K |
| High-net-worth individuals | 39 | $561M | 98.2% | $14.4M |
| Total | 61 | $572M | 100% | $9.37M |
- Clients
- 22
- Regulatory AUM
- $10.3M
- AUM share
- 1.8%
- Avg. per client
- $468K
- Clients
- 39
- Regulatory AUM
- $561M
- AUM share
- 98.2%
- Avg. per client
- $14.4M
Total
- Clients
- 61
- Regulatory AUM
- $572M
- AUM share
- 100%
- Avg. per client
- $9.37M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Family WMS charges 0.50%–1.00% a year for its Portfolio Management Services. The fee is billed in advance, is negotiable and has a $10,000 annual minimum.
Fee details and sources
Leslie Allen owns 50% to 75% of Family WMS. The leadership team of Family WMS includes President Leslie Allen and Chief Financial Officer Scott Shows. It has 8 employees, 3 of them in advisory roles.
Staff
- 8 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 50% to 75% of Family WMS, LLC
Leslie Allen
Control person · since June 2003
- Owns 50% to 75% of Family WMS, LLC
Scott Shows
Control person · since April 2003
Family WMS’s regulatory assets fell from $689M (March 2021) to $572M (February 2026); clients rose from 53 to 61 and employees from 5 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Feb 2026February 2026 | $572M | 61 | 8 | 2 |
| Feb 2025February 2025 | $581M | 92 | 8 | 2 |
| Feb 2024February 2024 | $585M | 102 | 8 | 2 |
| Feb 2023February 2023 | $665M | 89 | 8 | 2 |
| Feb 2022February 2022 | $779M | 37 | 8 | 2 |
| Mar 2021March 2021 | $689M | 53 | 5 | 2 |
Besides its headquarters, Family WMS has 1 office, with 2 listed addresses across 2 states.
Georgia · 1 listed address
- 490 N. Milledge Ave, AthensHQ
Tennessee · 1 listed address
- 8275 Tournament Drive, Memphis
Contact and registration details
- Legal name
- Family WMS, LLC
- Headquarters
- 490 N. Milledge Ave, Athens, GA 30601
- Website
- familywms.com
- Phone
- 404-961-1051
- SEC file
- 801-61987
- Structure
- Tennessee LLC
- Fiscal year end
- December
Family WMS’s named custodian for separately managed accounts is Charles Schwab ($222M). Family WMS does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $222M100%
At year end, Family WMS’s separately managed accounts were largely in funds (44%) and stocks (39%).
What the accounts hold
- Stocks39%
- Funds44%
- Registered funds30%
- Pooled vehicles14%
- Bonds12%
- State and local bonds7%
- U.S. government and agency bonds5%
- Cash5%
How many clients does Family WMS have?
Family WMS has 61 clients and manages $572 million for them, as of February 2026. They include 39 high-net-worth individuals and 22 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 18 February 2026
What services does Family WMS offer?
Family WMS provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Family WMS charge?
Family WMS charges 0.50%–1.00% a year for its Portfolio Management Services. The fee is billed in advance, is negotiable and has a $10,000 annual minimum.
Source: PART 2A, filed 18 February 2026
Which custodians does Family WMS use?
Family WMS’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $222M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 18 February 2026
How many financial advisors does Family WMS have?
Family WMS has 3 investment adviser representatives registered with state securities authorities, out of 8 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Family WMS invest in?
At the end of its last fiscal year, Family WMS’s separately managed accounts held 39% exchange-traded equities, 30% registered funds (mutual funds, ETFs, BDCs), 14% pooled vehicles (private funds and similar), 7% state and local bonds, 5% U.S. government and agency bonds and 5% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Family WMS?
Family WMS’s direct owners are Leslie Allen (50% to 75%) and Scott Shows (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 18 February 2026
How does Family WMS get paid?
Family WMS is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Family WMS?
Family WMS’s main office is at 490 N. Milledge Ave, Athens, GA 30601. Its phone number is 404-961-1051. Its website is familywms.com.