WMG Financial Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 1,000 clients last fiscal year.
WMG Financial Advisors reports 1,655 clients. They include 1,485 individual clients, 104 high-net-worth individuals, and 61 pension and profit-sharing plans. Of its assets, 70.3% ($488M across 1,576 accounts) are managed with discretion; $206M across 78 accounts are not. A wrap fee program the firm both sponsors and manages holds $407M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 90% | 13% |
| High-net-worth individuals | 6% | 52% |
| Pooled investment vehicles | <1% | 3% |
| Pension and profit-sharing plans | 4% | 32% |
| Charitable organizations | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,485 | $90.8M | 13.1% | $61.2K |
| High-net-worth individuals | 104 | $363M | 52.4% | $3.49M |
| Pooled investment vehicles | 3 | $19.1M | 2.8% | $6.36M |
| Pension and profit-sharing plans | 61 | $220M | 31.8% | $3.61M |
| Charitable organizations | Fewer than 5 | $262K | 0.0% | $131K |
| Total | 1,655 | $694M | 100% | — |
- Clients
- 1,485
- Regulatory AUM
- $90.8M
- AUM share
- 13.1%
- Avg. per client
- $61.2K
- Clients
- 104
- Regulatory AUM
- $363M
- AUM share
- 52.4%
- Avg. per client
- $3.49M
- Clients
- 3
- Regulatory AUM
- $19.1M
- AUM share
- 2.8%
- Avg. per client
- $6.36M
- Clients
- 61
- Regulatory AUM
- $220M
- AUM share
- 31.8%
- Avg. per client
- $3.61M
- Clients
- Fewer than 5
- Regulatory AUM
- $262K
- AUM share
- 0.0%
- Avg. per client
- $131K
Total
- Clients
- 1,655
- Regulatory AUM
- $694M
- 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
- 1000
WMG Financial Advisors charges up to 2.00% a year for its Portfolio Management Services. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Fixed fees for creating client financial plans are negotiated between $1,500 and $10,000; hourly fees are negotiated between $100 and $1,000 per hour.
D Bergner owns 75% or more of WMG Financial Advisors. D Bergner is CEO; the leadership team includes Chief Compliance Officer Elizabeth DeWan. It has 18 employees, 12 of them in advisory roles.
Staff
- 18 employees
- 12 in advisory functions
- 12 state-registered reps
- 3 broker-dealer reps
- 10 insurance agents
- 1 soliciting firm
- Owns 75% or more of WMG Financial Advisors, LLC
D Bergner
Control person · since October 2016
WMG Financial Advisors’ regulatory assets grew 2.0× from $343M (July 2021) to $694M (September 2026); clients rose from 481 to 1,655 and employees fell from 20 to 18.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Sep 2026September 2026 | $694M | 1,655 | 18 | 1 |
| Apr 2025April 2025 | $615M | 942 | 17 | 4 |
| Jul 2024July 2024 | $523M | 879 | 18 | 4 |
| Jun 2023June 2023 | $464M | 823 | 18 | 4 |
| Jun 2022June 2022 | $461M | 746 | 19 | 5 |
| Jul 2021July 2021 | $343M | 481 | 20 | 5 |
Besides its headquarters, WMG Financial Advisors has 0 offices, with 1 listed address in 1 state.
Tennessee · 1 listed address
- 620 Mabry Hood Road, Suite 101, KnoxvilleHQ
Other business names
WMG Financial Advisors has reported 2 other business names to the SEC.
- Kaizen Retirement Plan Consultants, LLC
- Legacy Wealth Management
Contact and registration details
- Legal name
- WMG Financial Advisors, LLC
- Headquarters
- 620 Mabry Hood Road, Suite 101, Knoxville, TN 37932
- Website
- Not reported
- Phone
- 865-290-4000
- SEC file
- 801-116718
- Structure
- Tennessee LLC
- Fiscal year end
- December
WMG Financial Advisors’ named custodian for separately managed accounts is Charles Schwab ($407M). WMG Financial Advisors has custody of $305M for 720 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $407M100%
At year end, WMG Financial Advisors’ separately managed accounts were mostly in funds (63%) and stocks (23%). Its reported 13F holdings for the quarter ended 30 June 2026 total $265M across 105 positions; the largest are American Centy ETF TR (24.4%), American Centy ETF TR (13.6%) and American Centy ETF TR (6.7%).
What the accounts hold
- Stocks23%
- Funds63%
- Registered funds61%
- Pooled vehicles2%
- Cash14%
How many clients does WMG Financial Advisors have?
WMG Financial Advisors has 1,655 clients and manages $694 million for them, as of September 2026. They include 1,485 individual clients, 104 high-net-worth individuals, and 61 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 September 2026
What services does WMG Financial Advisors offer?
WMG Financial Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does WMG Financial Advisors charge?
WMG Financial Advisors charges up to 2.00% a year for its Portfolio Management Services. The fee is billed in advance and is negotiable.
Source: ADV PART 2A-WMG FINANCIAL ADVISORS, LLC, filed 16 September 2026
Which custodians does WMG Financial Advisors use?
WMG Financial Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $407M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 September 2026
How many financial advisors does WMG Financial Advisors have?
WMG Financial Advisors has 12 investment adviser representatives registered with state securities authorities, out of 18 employees, and 12 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 10 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 WMG Financial Advisors invest in?
At the end of its last fiscal year, WMG Financial Advisors’ separately managed accounts held 61% registered funds (mutual funds, ETFs, BDCs), 23% exchange-traded equities, 14% cash and equivalents and 2% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns WMG Financial Advisors?
WMG Financial Advisors’ direct owner is D Bergner (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 16 September 2026
How does WMG Financial Advisors get paid?
WMG Financial Advisors is paid through a percentage of assets under management, hourly charges and fixed fees. 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 WMG Financial Advisors?
WMG Financial Advisors’ main office is at 620 Mabry Hood Road, Suite 101, Knoxville, TN 37932. Its phone number is 865-290-4000.