FamilyWealth Asset Management provides portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, and publishing newsletters.
FamilyWealth Asset Management reports 421 clients. They include 384 individual clients, 29 high-net-worth individuals, and 6 pension and profit-sharing plans. Of its assets, 83.4% ($148M across 540 accounts) are managed with discretion; $29.3M across 213 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 91% | 22% |
| High-net-worth individuals | 7% | 49% |
| Banking or thrift institutions | <1% | 27% |
| Pension and profit-sharing plans | 1% | 3% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 384 | $38.4M | 21.7% | $100K |
| High-net-worth individuals | 29 | $85.9M | 48.5% | $2.96M |
| Banking or thrift institutions | Fewer than 5 | $47.6M | 26.9% | $47.6M |
| Pension and profit-sharing plans | 6 | $5.05M | 2.9% | $841K |
| Corporations and other businesses | Fewer than 5 | $100 | 0.0% | $100 |
| Total | 421 | $177M | 100% | — |
- Clients
- 384
- Regulatory AUM
- $38.4M
- AUM share
- 21.7%
- Avg. per client
- $100K
- Clients
- 29
- Regulatory AUM
- $85.9M
- AUM share
- 48.5%
- Avg. per client
- $2.96M
- Clients
- Fewer than 5
- Regulatory AUM
- $47.6M
- AUM share
- 26.9%
- Avg. per client
- $47.6M
- Clients
- 6
- Regulatory AUM
- $5.05M
- AUM share
- 2.9%
- Avg. per client
- $841K
- Clients
- Fewer than 5
- Regulatory AUM
- $100
- AUM share
- 0.0%
- Avg. per client
- $100
Total
- Clients
- 421
- Regulatory AUM
- $177M
- AUM share
- 100%
- Avg. per client
- —
- 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
- 0
FamilyWealth Asset Management charges 1.45% for its Retail fee schedule. The brochure does not state whether the rate is annual. The fee is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Retirement plan consulting
- Flat annual fee of $10,000 to $100,000, or a fee on plan assets: 1.00% up to $1,000,000, 0.75% to $5,000,000, 0.50% to $20,000,000, 0.25% to $50,000,000, and negotiable above $50,000,000.
Familywealth Inc. owns 75% or more of FamilyWealth Asset Management. The leadership team of FamilyWealth Asset Management includes President Wilbert Oakley. It has 4 employees, 3 of them in advisory roles.
Staff
- 4 employees
- 3 in advisory functions
- 4 state-registered reps
- 3 insurance agents
- Owns 75% or more of Familywealth Asset Management
Familywealth Inc.
Control person · since January 2021
Alicia Martin
General partner · Control person · since January 2021
FamilyWealth Asset Management’s regulatory assets grew from $135M (March 2021) to $177M (March 2026); clients rose from 334 to 421 and employees fell from 6 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $177M | 421 | 4 | 4 |
| Mar 2025March 2025 | $181M | 424 | 4 | 5 |
| Apr 2024April 2024 | $175M | 412 | 4 | 5 |
| Mar 2023March 2023 | $198M | 440 | 5 | 4 |
| Mar 2022March 2022 | $268M | 424 | 6 | 4 |
| Mar 2021March 2021 | $135M | 334 | 6 | 4 |
Besides its headquarters, FamilyWealth Asset Management has 3 offices, with 4 listed addresses across 3 states.
Florida · 2 listed addresses
- 255 Primera BLVD, Suite 160, Lake MaryHQ
- 4309 Spanish Trail, Pensacola
Colorado · 1 listed address
- 4600 S Syracuse 9th Floor, Denver
Georgia · 1 listed address
- 4503 Avalon BLVD, Alpharetta
Other business names
FamilyWealth Asset Management has reported 3 other business names to the SEC.
- Familywealth Advisers, LLC
- Gustafsson Wealth Management, Inc.
- Mugarian Investment Group LLC
Contact and registration details
- Legal name
- Familywealth Asset Management
- Headquarters
- 255 Primera BLVD, Suite 160, Lake Mary, FL 32746
- Website
- Not reported
- Phone
- 866-746-3743
- SEC file
- 801-69660
- Structure
- Texas LLC
- Fiscal year end
- December
FamilyWealth Asset Management’s named custodians for separately managed accounts are Fidelity ($83.8M, 47%), Austin Capital Trust ($70.4M, 39%) and Charles Schwab ($23.9M, 13%). FamilyWealth Asset Management does not have custody of client assets.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- Austin Capital TrustAustin Capital Trust Company, LLC · Henderson, NV · $70.4M39%
- FidelityFidelity Distributors Company LLC · Boston, MA · $83.8M47%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $23.9M13%
At year end, FamilyWealth Asset Management’s separately managed accounts were mostly in funds (63%) and stocks (17%).
What the accounts hold
- Stocks17%
- Exchange-traded equities16%
- Non-exchange-traded equities1%
- Funds63%
- Bonds8%
- Investment grade corporate bonds5%
- State and local bonds2%
- U.S. government and agency bonds1%
- Cash12%
How many clients does FamilyWealth Asset Management have?
FamilyWealth Asset Management has 421 clients and manages $177 million for them, as of March 2026. They include 384 individual clients, 29 high-net-worth individuals, and 6 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does FamilyWealth Asset Management offer?
FamilyWealth Asset Management provides portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, and publishing newsletters.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does FamilyWealth Asset Management charge?
FamilyWealth Asset Management charges 1.45% for its Retail fee schedule. The brochure does not state whether the rate is annual. The fee is negotiable.
Source: FAMILYWEALTH ASSET MANAGEMENT, LLC. FORM ADV 2A BROCHURE 2025, filed 31 March 2026
Which custodians does FamilyWealth Asset Management use?
FamilyWealth Asset Management’s separately managed account assets are held at Fidelity Distributors Company LLC (Boston, MA), with $83.8M, Austin Capital Trust Company, LLC (Henderson, NV), with $70.4M and Charles Schwab & Co., Inc. (San Francisco, CA), with $23.9M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does FamilyWealth Asset Management have?
FamilyWealth Asset Management has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 employees 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 FamilyWealth Asset Management invest in?
At the end of its last fiscal year, FamilyWealth Asset Management’s separately managed accounts held 63% registered funds (mutual funds, ETFs, BDCs), 16% exchange-traded equities, 12% cash and equivalents, 5% investment grade corporate bonds, 2% state and local bonds, 1% non-exchange-traded equities and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns FamilyWealth Asset Management?
FamilyWealth Asset Management’s direct owner is Familywealth Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does FamilyWealth Asset Management get paid?
FamilyWealth Asset Management is paid through a percentage of assets under management, subscription fees and other compensation. 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 FamilyWealth Asset Management?
FamilyWealth Asset Management’s main office is at 255 Primera BLVD, Suite 160, Lake Mary, FL 32746. Its phone number is 866-746-3743.