{"url":"https://nivawealth.com/firms/family-wms-126456","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/126456","regulatoryAum":571641963,"crd":"126456","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1350568","suffix":null,"lastName":"ALLEN","firstName":"LESLIE","middleName":"WHITE"},{"crd":"4784114","suffix":null,"lastName":"HOUSE","firstName":"STEPHEN","middleName":"EUGENE"},{"crd":"4599894","suffix":null,"lastName":"SHOWS","firstName":"SCOTT","middleName":"ALAN"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-01","regulatoryAum":688762569,"clients":53,"employees":5,"offices":2},{"filedOn":"2022-02-14","regulatoryAum":779103419,"clients":37,"employees":8,"offices":2},{"filedOn":"2023-02-13","regulatoryAum":665234298,"clients":89,"employees":8,"offices":2},{"filedOn":"2024-02-23","regulatoryAum":585357665,"clients":102,"employees":8,"offices":2},{"filedOn":"2025-02-10","regulatoryAum":581378868,"clients":92,"employees":8,"offices":2},{"filedOn":"2026-02-18","regulatoryAum":571641963,"clients":61,"employees":8,"offices":2}],"secFileNumber":"801-61987","legalName":"Family WMS, LLC","displayName":"Family WMS","slug":"family-wms-126456","website":"https://familywms.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Tennessee limited liability company","fiscalYearEnd":"December","headquarters":{"street":"490 N. Milledge Ave","city":"Athens","state":"GA","stateName":"Georgia","country":"United States","postalCode":"30601"},"tradeNames":[],"registration":{"secApproved":"18 April 2003","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":9371179.721311476,"staff":{"employees":8,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":571641963,"discretionary":312190866,"discretionaryAccounts":189,"nonDiscretionary":259451097,"nonDiscretionaryAccounts":365,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":22,"regulatoryAum":10291181},{"label":"High-net-worth individuals","clients":39,"regulatoryAum":561350782}],"feePrograms":[{"role":"main","program":"Portfolio Management Services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1009736","versionId":1009736,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-02-18","documentName":"PART 2A","fee_rate_low":0.5,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":"annual","fee_minimum_annual":10000}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T06:28:33.976564+00:00","documents":[{"name":"PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1009736","versionId":1009736,"submittedOn":"2026-02-18"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":221817547}],"custodyNote":"Family WMS does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Leslie Allen","title":"President, CIO, Chief Compliance Officer","crd":"1350568"},{"name":"Scott Shows","title":"Chief Financial Officer","crd":"4599894"},{"name":"Steven House","title":"Director of Tax","crd":"4784114"}],"ownership":[{"label":"Leslie Allen","detail":"President, cio, chief compliance officer in the 50% to 75% ownership band and a control person, since June 2003."},{"label":"Scott Shows","detail":"Chief financial officer in the 50% to 75% ownership band and a control person, since April 2003."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Georgia","offices":1,"addresses":[{"street":"490 N. Milledge Ave","city":"Athens","headquarters":true}]},{"state":"Tennessee","offices":1,"addresses":[{"street":"8275 Tournament Drive","city":"Memphis"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"404-961-1051","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":39},{"label":"U.S. government/agency bonds","percent":5},{"label":"U.S. state and local bonds","percent":7},{"label":"Securities issued by registered investment companies or business development companies","percent":30},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":14},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":0},"sources":{"adv1FilingDate":"18 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/126456/PDF/126456.pdf","brochureDate":"18 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1009736","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Family WMS have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Family WMS offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Family WMS charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Family WMS use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Family WMS have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Family WMS invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Family WMS?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Family WMS get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Family WMS?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 18 February 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}