Firm
Formula Wealth
Fairhope, Alabama
Fee-only
Formula Wealth at a glance
- One of 65 fee-only firms based in Alabama in the Wellspent graph.
- 1 advisor is listed here, who holds the CFP.
- Its Form ADV reports 1 employee and 9 individual clients, 4 of them high net worth.
- Its average account is about $1.4 million (assets it manages divided by its 30 accounts).
- Its website says it's taking new clients.
- It works with clients virtually as well as in person.
Fee-only advisors in Alabama · What fee-only advisors charge in Alabama
Facts
| Based in | Fairhope, Alabama |
|---|---|
| Website | formulawealth.com |
| [email protected] | |
| Phone | (729) 089-1657 |
Formula Wealth fees
What the firm's own website says it charges, checked October 28, 2026. We keep a price only when the exact words stating it appear on the page.
| Asset-based fee | 1% a year on the first tier of assets |
|---|---|
| How it charges | Percentage of assets |
In the firm's words
"Flat 1% Fee on first $2 Million" source
"Our investment management and financial planning services are offered on an asset-based fee structure, calculated as a percentage of AUM" source
For comparison, fee-only firms that publish prices charge a median of $4,500 a year for ongoing planning, $2,000 for a one-time plan, $300 an hour, or 1% of assets. See the fee report.
What its SEC filing says
| Paid by | Hourly · Fixed fees |
|---|---|
| Assets managed | $43 million |
| Individual clients | 5 |
| High-net-worth clients | 4 |
| Accounts managed | 30 |
| Employees | 1 |
| Planning clients | 1-10 |
| Financial planning | Offered |
| Form ADV filed | April 17, 2026 |
| SEC record | CRD 308923 |