WMS Group provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
WMS Group reports 252 clients. They include 234 individual clients and 18 high-net-worth individuals. Of its assets, 100.0% ($125M across 521 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 93% | 68% |
| High-net-worth individuals | 7% | 32% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 234 | $84.9M | 67.8% | $363K |
| High-net-worth individuals | 18 | $40.3M | 32.2% | $2.24M |
| Total | 252 | $125M | 100% | $497K |
- Clients
- 234
- Regulatory AUM
- $84.9M
- AUM share
- 67.8%
- Avg. per client
- $363K
- Clients
- 18
- Regulatory AUM
- $40.3M
- AUM share
- 32.2%
- Avg. per client
- $2.24M
Total
- Clients
- 252
- Regulatory AUM
- $125M
- AUM share
- 100%
- Avg. per client
- $497K
- 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
WMS Group charges 0.60%–1.50% a year for its Investment Supervisory Services. The fee is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Hourly fee of $250 depending on complexity; negotiable and paid in arrears.
- Participant Account Management (Discretionary)
- Discretionary management of 401(k), HSA and other accounts WMSG does not custody; fees billed monthly in advance on the prior month-end balance, rate not stated in the brochure.
William Stewart owns 75% or more of WMS Group. The leadership team of WMS Group includes Chief Compliance Officer William Stewart. It has 2 employees.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- 2 insurance agents
- Owns 75% or more of WMS Group LLC
William Stewart
Control person · since May 2012
Besides its headquarters, WMS Group has 0 offices, with 1 listed address with no US state reported.
Contact and registration details
- Legal name
- WMS Group LLC
- Headquarters
- Not reported
- Website
- advisormike.com
- Phone
- 985-809-0530
- SEC file
- 801-135698
- Structure
- Louisiana LLC
- Fiscal year end
- December
WMS Group’s named custodian for separately managed accounts is Charles Schwab ($125M). WMS Group does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $125M100%
At year end, WMS Group’s separately managed accounts were largely in funds (49%) and stocks (38%). Its reported 13F holdings for the quarter ended 30 June 2026 total $77.5M across 57 positions; the largest are Schwab Strategic TR (8.8%), J P Morgan Exchange Traded F (6.6%) and iShares TR (6.1%).
What the accounts hold
- Stocks38%
- Funds49%
- Cash12%
- Other1%
- Preferred stock, structured notes1%
How many clients does WMS Group have?
WMS Group has 252 clients and manages $125 million for them, as of April 2026. They include 234 individual clients and 18 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 7 April 2026
What services does WMS Group offer?
WMS Group provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does WMS Group charge?
WMS Group charges 0.60%–1.50% a year for its Investment Supervisory Services. The fee is negotiable.
Source: ADV PART 2A, filed 7 April 2026
Which custodians does WMS Group use?
WMS Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $125M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 7 April 2026
How many financial advisors does WMS Group have?
WMS Group has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 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 WMS Group invest in?
At the end of its last fiscal year, WMS Group’s separately managed accounts held 49% registered funds (mutual funds, ETFs, BDCs), 38% exchange-traded equities, 12% cash and equivalents and 1% other. The 1% other category is described as: Preferred Stock, Structured Notes.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns WMS Group?
WMS Group’s direct owner is William Stewart (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 7 April 2026
How does WMS Group get paid?
WMS Group is paid through a percentage of assets under management and hourly charges. 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 WMS Group?
Its phone number is 985-809-0530. Its website is advisormike.com.
