EverSource Wealth Advisors
EverSource Wealth Advisors is a privately held, faith-aligned Registered Investment Advisor platform founded in 2017 that recruits independent and breakaway advisors, serving high-net-worth clients across 20+ U.S. states with over $5B in AUM.
- Company typePrivate
- Founded2017
- HeadquartersBirmingham, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What EverSource Wealth Advisors does
EverSource Wealth Advisors, LLC is a privately held Registered Investment Advisor founded in 2017 by Mark Wesson and headquartered in Birmingham, Alabama. The firm operates a faith-aligned RIA platform, branded as the "Total Support System," that recruits independent financial advisors, breakaway wirehouse advisors, and RIA firms seeking independence, while also serving high-net-worth individuals and families seeking values-based wealth management. It has scaled from approximately $1B in assets under management in mid-2021 to over $5B by August 2025, with 79+ affiliated advisors serving clients across more than 20 states, and is also extending services via a TAMP offering to external RIA firms.
The company's core offering integrates investment management, financial planning, retirement and estate planning, tax optimization, business succession, and life-impact stewardship, delivered through a proprietary platform that combines in-house workflows with third-party tools: Black Diamond for portfolio and performance reporting, Right Capital for financial planning, and Box for secure document management. Client assets are custodied across Charles Schwab, Fidelity Institutional, and TD Ameritrade, allowing the firm to remain multi-custodian and reduce single-vendor dependency. The firm distinguishes itself through Biblically Responsible Investing (BRI), a "Director of Spiritual Integration" function, and partnerships with faith-driven investor communities including Faith Driven Investor, Kingdom Advisors, Lion's Den, and Birmingham Business as Mission.
EverSource generates revenue primarily through AUM-based advisory fees, headline at approximately 1.2% on the first $2M with declining marginal rates above that threshold, plus platform fees from TAMP services provided to at least two external RIA firms. Go-to-market combines sales-led recruiting of advisors with a community-led, referral-driven motion among faith-aligned advisors. The company has executed one acquisition (Consider It Done! in March 2021), operates a wholly owned subsidiary for virtual administrative services, and maintains a strategic relationship with accounting firm BMSS, LLC. No external venture or private equity funding rounds are disclosed, indicating capital structure remains founder- and early-investor-controlled.
EverSource Wealth Advisors firmographics
Firmographics- Name
- EverSource Wealth Advisors
- Legal name
- EverSource Wealth Advisors, LLC
- Website
- https://eversourcewealthadvisors.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- EverSource Wealth Advisors is a privately held, faith-aligned Registered Investment Advisor platform founded in 2017 that recruits independent and breakaway advisors, serving high-net-worth clients across 20+ U.S. states with over $5B in AUM.
- Ownership category
- akta.pro rank
EverSource Wealth Advisors industry classification
Industry- Product category
- Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA)
- akta.pro secondary industries
- Registered Investment Advisor (RIA) Wealth Management (FSAEABAA), Financial Planning–Led RIAs (FSAAACAB), Specialized/Niche-Vertical RIAs (e.g., Medical, Tech, Executives, Athletes) (FSAAACAL)
Keywords
Where EverSource Wealth Advisors is headquartered
LocationHeadquarters
- HQ city
- Birmingham
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
EverSource Wealth Advisors business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Advisory Fees (AUM-based): EverSource generates revenue through fees charged on assets under management. Advisors on the platform pay fees based on the assets they manage for clients, typically ranging from approximately 1.2% on the first $2 million and decreasing for amounts above that threshold. The firm manages over $5 billion in total assets.
- TAMP Services: EverSource provides Turnkey Asset Management Program (TAMP) services to other RIAs, charging platform fees for investment services, compliance consulting, and technology support. The company reports providing TAMP services to at least two other RIAs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Standard AUM-based fee structure |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
EverSource Wealth Advisors product offering
Product offeringCore offering
EverSource Wealth Advisors is a Registered Investment Advisor providing comprehensive wealth management services to high-net-worth individuals and families, including financial planning, investment advisory, retirement planning, tax planning, and life impact stewardship aligned with faith-based values. The firm also operates a Total Support System platform offering independent financial advisors and RIA firms back-office support, regulatory compliance consulting, proprietary technology integration, and investment management services as a Turnkey Asset Management Program (TAMP).
Product overview
EverSource Wealth Advisors is a registered investment advisor (RIA) platform that provides a Total Support System for independent financial advisors, RIAs, and CPA firms. The platform offers comprehensive wealth management services including investment management, financial planning, and operational support through integrated technology. The core offering consists of the Total Support System which combines regulatory compliance, proprietary technology, investment oversight, and back-office services. EverSource works with multiple custodians (Charles Schwab, Fidelity, TD Ameritrade) and integrates with planning tools (Right Capital), reporting platforms (Black Diamond), and document management (Box) to serve advisors and their clients.
Differentiator
Problem solved
Functional benefit
Products and services
- Wealth Management Services Comprehensive fee-based wealth management for high-net-worth individuals and families, including financial planning, investment advisory, retirement planning, tax planning, estate planning, business succession planning, and life impact stewardship aligned with biblical/faith-based values.
- Total Support System Platform (TAMP Services) Turnkey Asset Management Program providing independent financial advisors and other RIA firms with back-office support, regulatory compliance consulting, proprietary technology integration, investment management, and administrative services under a single platform offering.
- Consider It Done! Virtual Administrative Services Wholly owned subsidiary providing virtual administrative and back-office support services to independent financial advisors on the EverSource platform.
- Financial Planning Services Standalone financial planning engagements including risk identification and mitigation, balance sheet optimization, retirement planning, integrated tax planning, business valuation, succession, and exit planning, available as a subscription service.
- Investment Advisory Services Investment research, policy design, portfolio analysis, tax-managed strategy transition, monitoring, rebalancing, and reporting for client portfolios.
Quantifiable outcome
- Over $5B in assets under management
- +2 more outcomes
Companies that use EverSource Wealth Advisors
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
EverSource Wealth Advisors technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature2 records
EverSource Wealth Advisors partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- Consider It Done!coreConsider It Done! was a virtual administrative services company based in Jacksonville, Texas that was acquired by EverSource and became a wholly owned subsidiary operating as part of EverSource Advisor Services. The acquisition extended EverSource's business platform for financial advisors.
- BMSS, LLCcoreBMSS is a global accounting firm headquartered in Birmingham, Alabama. EverSource is strategically partnered with BMSS, which initially provided office space and has been an integral partner in the company's development. BMSS Wesson Wealth Solutions operates as another firm on the EverSource platform.
- Charles SchwabcoreCharles Schwab serves as a custodian for client assets on the EverSource platform. It is described as the second largest broker-dealer in the world.
- FidelitycoreFidelity Institutional serves as a custodian for client assets on the EverSource platform.
- TD AmeritradecoreTD Ameritrade serves as a custodian for client assets on the EverSource platform.
- Faith Driven InvestorminorFaith Driven Investor is an investor community aligned with EverSource's values-based approach to investing.
- Lion's DenminorAn investor network that aligns with EverSource's mission for values-based investing.
- Birmingham Business as MissionminorA business network committed to values-based investing aligned with EverSource's mission.
- Black DiamondcoreBlack Diamond provides portfolio reporting and performance reporting services integrated into the EverSource client portal.
- Right CapitalcoreRight Capital provides financial planning software integrated into the EverSource platform for advisor use.
- BoxcoreBox provides secure document storage and sharing capabilities for EverSource clients.
Scale indicators8 records
Recent moves9 records
Expansion highlights6 records
EverSource Wealth Advisors competitors and assessment
Company assessmentBroad incumbents
- GuideStone Financial Resources: Faith-based financial services organization (Southern Baptist-affiliated) offering investment advisory and retirement services. Comparable faith-aligned positioning but materially larger scale and broader institutional footprint than EverSource.
- Wealth Enhancement Group: PE-backed national RIA platform that recruits breakaway advisors and acquires independent RIAs, with integrated technology and operations. Similar platform/TAMP support offering to EverSource Advisor Services.
- Kestra Financial: PE-backed wealth management platform providing independent advisors with integrated technology, compliance, and TAMP-style services. Directly comparable to EverSource's B2B TAMP motion.
- Focus Financial Partners: Largest US RIA roll-up with a partner-firm model and significant capital for breakaway team acquisitions. Directly competes with EverSource for experienced wirehouse advisors seeking independence.
- Cetera Financial Group: National IBD/RIA platform offering independent advisors custody, technology, compliance, and practice management support. Provides the same 'Total Support System' type services EverSource offers but at much greater scale.
- CAPTRUST: Large independent RIA focused on comprehensive wealth management and institutional retirement plan advisory. Comparable full-service RIA model and similar AUM scale range, though with institutional rather than faith-based positioning.
- Commonwealth Financial Network: Large privately held broker-dealer and RIA support platform serving independent advisors with back-office, compliance, and technology. Comparable platform/services positioning to EverSource Advisor Services.
- Mariner Wealth Advisors: Large, PE-backed national RIA platform that actively recruits wirehouse breakaway teams with equity, transition support, and centralized operations. Competes for the same breakaway advisor pipeline EverSource targets.
Direct peers
- Ronald Blue Trust: Faith-based, values-aligned RIA serving Christian families and individuals with comprehensive financial planning and investment management. Closest direct peer given the shared biblical-principles positioning and similar fee-based planning model.
Others
- Kingdom Advisors: Faith-based advisor network and training organization aligned with biblical financial planning. Not a direct competitor but a strategic ecosystem partner and referral channel for EverSource's faith-based advisor recruiting.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
EverSource Wealth Advisors social profiles
Digital presenceEverSource Wealth Advisors financial estimates
Financial estimateRevenue estimate
Valuation estimate
EverSource Wealth Advisors leadership team
Management profileNumber of profiles
Profiles10 records
EverSource Wealth Advisors subsidiaries and ownership
Company hierarchySubsidiaries1 record
EverSource Wealth Advisors funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EverSource Wealth Advisors M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EverSource Wealth Advisors
What does EverSource Wealth Advisors do?
EverSource Wealth Advisors is a Registered Investment Advisor providing comprehensive wealth management services to high-net-worth individuals and families, including financial planning, investment advisory, retirement planning, tax planning, and life impact stewardship aligned with faith-based values. The firm also operates a Total Support System platform offering independent financial advisors and RIA firms back-office support, regulatory compliance consulting, proprietary technology integration, and investment management services as a Turnkey Asset Management Program (TAMP).
Is EverSource Wealth Advisors a public or private company?
EverSource Wealth Advisors is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was EverSource Wealth Advisors founded?
EverSource Wealth Advisors was founded in 2017. It employs 11 to 50 people.
Where is EverSource Wealth Advisors based?
EverSource Wealth Advisors is headquartered in Birmingham, United States, in the North America region.
How does EverSource Wealth Advisors make money?
Two revenue lines are on record. Advisory Fees (AUM-based) is the primary driver. The others are TAMP Services.
Who are EverSource Wealth Advisors's main competitors?
Broad incumbents on record are GuideStone Financial Resources, Wealth Enhancement Group, Kestra Financial, Focus Financial Partners, Cetera Financial Group, CAPTRUST, Commonwealth Financial Network and Mariner Wealth Advisors. Ronald Blue Trust is listed as a direct peer. Kingdom Advisors is listed as an others.
Does EverSource Wealth Advisors have an API?
No public API is recorded for EverSource Wealth Advisors.
What industry is EverSource Wealth Advisors in?
EverSource Wealth Advisors's product category is Wealth Management. Its primary akta.pro industry code is FSAAACAA, Comprehensive/Full-Service RIAs & Independent Wealth Managers, with a secondary code of FSAEABAA, Registered Investment Advisor (RIA) Wealth Management. Its NAICS code is 523940 and its SIC code is 6282.