{
  "crd_number": 285824,
  "slug": "wmg-financial-advisors-llc-knoxville-tn-285824",
  "primary_business_name": "WMG FINANCIAL ADVISORS, LLC",
  "legal_name": "WMG FINANCIAL ADVISORS, LLC",
  "dbas": [
    "KAIZEN RETIREMENT PLAN CONSULTANTS, LLC",
    "LEGACY WEALTH MANAGEMENT"
  ],
  "city": "Knoxville",
  "state": "TN",
  "country": "United States",
  "cbsa_code": "28940",
  "metro": {
    "cbsa_code": "28940",
    "common_name": "Knoxville",
    "msa_name": "Knoxville, TN",
    "path": "/advisors/tn/knoxville"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2019-06-04",
  "years_registered": 7,
  "period": "2026-10-01",
  "filing_date": "2026-09-16",
  "carried_forward": false,
  "raum_total": 693797657.0,
  "raum_discretionary": 488028366.0,
  "raum_non_discretionary": 205769291.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 18,
  "advisory_employees": 12,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 262333.0,
      "count": 2,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 90826691.0,
      "count": 1485
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 220331168.0,
      "count": 61
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 363283230.0,
      "count": 104
    },
    "pooled_investment_vehicles": {
      "raum": 19094235.0,
      "count": 3
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AL",
    "FL",
    "GA",
    "KY",
    "LA",
    "MS",
    "NC",
    "TN",
    "TX"
  ],
  "websites": [
    "https://markashfordadvisor.com",
    "https://wmgfa.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/285824",
  "city_as_filed": "KNOXVILLE",
  "url": "https://advisorcensus.com/firm/wmg-financial-advisors-llc-knoxville-tn-285824",
  "display_name": "WMG Financial Advisors, LLC",
  "summary": "WMG Financial Advisors, LLC is an SEC-registered investment advisory firm in Knoxville, TN, registered since 2019, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 16, 2026.",
  "citation": "AdvisorCensus. WMG Financial Advisors, LLC (CRD 285824): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is WMG Financial Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), WMG Financial Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does WMG Financial Advisors, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated May 19, 2026 states: Flat fee: $1,500 to $10,000 (creating client financial plans); Hourly rate: $100 to $1,000 an hour (creating client financial plans). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is WMG Financial Advisors, LLC located?",
      "a": "WMG Financial Advisors, LLC's principal office is in Knoxville, TN, according to its Form ADV; the September 2025 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is WMG Financial Advisors, LLC registered with the SEC or a state?",
      "a": "WMG Financial Advisors, LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 285824."
    },
    {
      "q": "How much does WMG Financial Advisors, LLC manage?",
      "a": "WMG Financial Advisors, LLC reports $693,797,657 in regulatory assets under management in its Form ADV filing dated September 16, 2026 (70% discretionary)."
    },
    {
      "q": "How have WMG Financial Advisors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for WMG Financial Advisors, LLC: Regulatory assets under management: $343,379,559 in the October 2021 data and $693,797,657 in the October 2026 data, up 102%. Total employees: 20 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does WMG Financial Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,485); high net worth individuals (104); pension and profit sharing plans (but not the plan participants or government pension plans) (61)."
    },
    {
      "q": "Which custodians does WMG Financial Advisors, LLC use?",
      "a": "WMG Financial Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does WMG Financial Advisors, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/285824"
    },
    {
      "q": "Does WMG Financial Advisors, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated May 19, 2026 says: \"There is no account minimum\""
    },
    {
      "q": "What changed in WMG Financial Advisors, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $614,890,081 to $693,797,657 (+13%). Employees performing advisory functions went from 11 to 12. No longer lists the business name Davis Wealth Partners."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 343379559.0,
      "total_employees": 20,
      "filing_date": "2021-09-27"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 461233328.0,
      "total_employees": 20,
      "filing_date": "2022-08-12"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 464434150.0,
      "total_employees": 18,
      "filing_date": "2023-08-24"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 523117001.0,
      "total_employees": 18,
      "filing_date": "2024-07-24"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 614890081.0,
      "total_employees": 17,
      "filing_date": "2025-04-25"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 693797657.0,
      "total_employees": 18,
      "filing_date": "2026-09-16"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $614,890,081 to $693,797,657 (+13%).",
        "Employees performing advisory functions went from 11 to 12.",
        "No longer lists the business name Davis Wealth Partners."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Employees performing advisory functions went from 10 to 11."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Employees performing advisory functions went from 11 to 10."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "No longer lists an office in Brandon, MS.",
        "No longer lists an office in Chattanooga, TN.",
        "No longer lists an office in Morristown, TN."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated May 19, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $1,500 to $10,000 (creating client financial plans)",
      "Hourly rate: $100 to $1,000 an hour (creating client financial plans)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "There is no account minimum"
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $1,500 to $10,000 (creating client financial plans)"
        ],
        "quotes": [
          "The negotiated fixed rate for creating client financial plans is between $1,500 and $10,000."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $100 to $1,000 an hour (creating client financial plans)"
        ],
        "quotes": [
          "The negotiated hourly rate for creating client financial plans is between $100 and $1,000 per hour."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 1500.0,
          "max": 10000.0,
          "period": "one_time",
          "service": "creating client financial plans"
        },
        {
          "kind": "hourly",
          "amount": null,
          "min": 100.0,
          "max": 1000.0,
          "period": "hour",
          "service": "creating client financial plans"
        }
      ]
    },
    "quotes": [
      "There is no account minimum",
      "The negotiated fixed rate for creating client financial plans is between $1,500 and $10,000.",
      "The negotiated hourly rate for creating client financial plans is between $100 and $1,000 per hour."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/wmg-financial-advisors-llc-knoxville-tn-285824.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 1485,
      "fewer_than_5": false,
      "raum": 90826691.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 104,
      "fewer_than_5": false,
      "raum": 363283230.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 3,
      "fewer_than_5": false,
      "raum": 19094235.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 61,
      "fewer_than_5": false,
      "raum": 220331168.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 2,
      "fewer_than_5": true,
      "raum": 262333.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/285824",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}