Porter White Investment Advisors Review
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Is this your firm? Apply for Trusted badge | July 4th, 2021
Porter White Investment Advisors, registered in 2005, serves 2 state(s) with a licensed staff of 5 advisors. Porter White Investment Advisors manages $517.2 million and provides investment advisory services for 107 clients (1:22 advisor/client ratio).
Firm Information
| Summary | Firm |
| Minimum Investment | Ask firm |
| Average Client Balance | $4,833,740 |
| Total AUM | $517.2 million |
| Fee Range | Ask firm |
| Advisor / Client Ratio | 1:22 |
| Languages Offered | Ask firm |
| Specialities | Ask firm |
| Website | Visit Site |
| Phone Number | 205-252-3681 |
| Headquarters | Birmingham, AL |
| Locations | See locations |
| Ask firm | |
| Ask firm | |
| Ask firm | |
| SEC Filings | View SEC IAPD CRD #110876 |
Disciplinary Questions
After checking the disciplinary records of Porter White Investment Advisors, our system found no disciplinary questions to ask. Checks take place monthly.
Conflict Questions
After checking the regulatory records of Porter White Investment Advisors, our system has identified the following question(s) to ask. Learn more.
Is Porter White Investment Advisors also a Broker-Dealer or are they affiliated with one? What conflicts arise from this relationship? How does Porter White Investment Advisors mitigate them?
Currently Porter White Investment Advisors is also a Broker-Dealer or is affiliated with one. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds, cross-selling of commissioned insurance products, and the sale of proprietary investment products. All of these conflicts can negatively impact clients via hidden fees and overall higher costs.
Does Porter White Investment Advisors offer mutual funds that have 12b-1 fees?
12b-1 fees increase the total annual cost of owning a mutual fund with no guarantee of higher returns. Some firms receive these fees as payments, which creates an incentive to promote them.
Does Porter White Investment Advisors practice as a law firm? Is Porter White Investment Advisors affiliated with one?
This firm or an affiliate actively engages in business as a law firm or lawyer. When operating in this dual-capacity, advisors may be incentivized to implement plans as an attorney that could drive higher revenue for themselves as investment advisors.
Does Porter White Investment Advisors offer products that have performance-based fees, or does it accept performance-based fees? Will any of my assets be invested in those products?
When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. For instance, research has shown that mutual funds that use incentive fees take on more risk that funds that do not, and tend to double down and increase their risk following a poor performance. This could be detrimental to a client during down markets.
Does Porter White Investment Advisors perform side-by-side management? How does Porter White Investment Advisors mitigate conflicts that arise from managing accounts with differing fee structures?
This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their retail clients.
Our system found no other conflict questions to ask. Checks take place monthly.
Disciplinary History
An important aspect of the Trust Algorithm is processing the SEC Form ADV Part 1 filing of each Registered Investment Advisor (RIA). “Item 11 Disclosure Information” contains a list of valuable disclosures that are relevant for Americans.
As identified in SEC Form ADV Part 1, Item 11 “Disclosure Information”, the Trust Algorithm identified the following disciplinary disclosures for Porter White Investment Advisors:
Cost
Unfortunately, there is no single, uniform pricing standard for working with a financial advisor. Catchphrases, including "fee-only," can be helpful; however, Americans often get confused with competitors promoting "fee-based" in response.
Ultimately, to understand the underlying costs of advisory services, we always recommend asking for an itemized fees breakdown and reading the firm's ADV Part 2 Brochure (Item 5, "Fees and Compensation").
| Disclosure | Firm |
| 12B-1 Conflict | Ask firm |
| Attorney Conflict | Yes |
| Broker-Dealer Conflict | Yes |
| Performance-Based Fees | Ask firm |
| Commissions Conflict | No |
| Insurance Agent Conflict - Affiliation | No |
| Insurance Agent Conflict - Firm | No |
| Non-Secure Website | No |
| Private Investment Management | No |
| Proprietary Products | No |
| Side-by-Side Management | Ask firm |
| Soft-dollar Arrangements | No |
| Trades Recommended Securities | No |
FAQs
What services can Porter White Investment Advisors provide?
As a financial advisory firm, Porter White Investment Advisors can provide a variety of financial planning services for Americans. Financial advisors help you achieve your life goals, e.g., saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds).
Financial planning services can include tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance.
Where is Porter White Investment Advisors headquartered? Which states do its financial advisors serve?
Porter White Investment Advisors is headquartered in Birmingham, AL. Porter White Investment Advisors offers financial advisor services in 2 states: Alabama, Texas.
What is the average client balance at Porter White Investment Advisors?
While Porter White Investment Advisors advises clients across a variety of portfolio sizes, the average client balance is currently $4,833,740. In total, Porter White Investment Advisors manages $517,210,258 in assets.
What is the historical performance of Porter White Investment Advisors?
The SEC, nor FINRA, tracks portfolio performance metrics for the financial planning industry. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Financial plans and investment portfolios are always unique to the client's personal financial situation.
Can I write a review of Porter White Investment Advisors or file a complaint?
investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. As a result, we do not support personal reviews on the site. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form.
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