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Financial Management Advisors
Founded in 2001, Financial Management Advisors set up in Tullahoma, Tennessee, as a registered investment advisor providing wealth management and financial...
Financial Management Advisors
Founded in 2001, Financial Management Advisors set up in Tullahoma, Tennessee, as a registered investment advisor providing wealth management and financial planning services to individuals, businesses, estates, partnerships, and trusts. The firm is operationally tied to Lester Financial Group, which serves as its public-facing brand and website domain. Its client base is concentrated in the southern Tennessee region, though the RIA structure allows it to serve clients across the United States. The firm's strategy centers on integrated advisory — combining retirement planning, tax-aware portfolio construction, and ongoing investment management. Unlike asset gatherers that outsource investment decisions to third-party model providers, Financial Management Advisors retains direct discretion over client portfolios. Its platform includes equities, fixed income, and mutual fund allocations, with a documented willingness to manage assets for trusts and estates alongside individual retirement accounts. Team size and total regulatory assets under management are not publicly disclosed. The firm maintains a single office in Tullahoma and markets its services through the Lester Financial Group identity. No adjacent vehicles — such as a philanthropic foundation, real-asset arm, or operating business — are associated with the firm in public filings. September 2023: The firm continued to maintain its SEC registration as an RIA without reported disciplinary events (per public record). Financial Management Advisors' structural differentiator is its fiduciary-only posture as a registered investment advisor operating from a single location in a regional market. Many small RIAs rely on broker-dealer affiliations or turnkey asset management platforms; this firm's website signals a direct-advice model, suggesting it builds and manages portfolios internally rather than delegating to a home office. This architecture means every client relationship is a direct advisory mandate, not a distribution channel.
General information
Firm type
Bank / Wealth / Trust
Year founded
2001
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Tullahoma
Corporate office
Tullahoma, TN, United States
Sector focus
Frequently asked questions
Is Financial Management Advisors a single-family office or a wealth manager?
It is a wealth manager and registered investment advisor (RIA), not a family office. The firm provides financial planning and investment management to multiple individuals, businesses, trusts, and estates. Its RIA registration with the SEC confirms a fiduciary duty to a broad client base. The firm operates publicly as Lester Financial Group.
Does the firm run pooled investment funds or only separate accounts?
The firm's disclosed service model centers on separately managed accounts tailored to individual client goals. It does not publicly market pooled investment vehicles like mutual funds or hedge funds. Its advisory services cover portfolio management, financial planning, and retirement planning, all executed on a discretionary basis for each client.
Who makes investment decisions at the firm?
Public filings do not name the firm's investment committee or lead portfolio manager. The firm's ADV filings list it as a discretionary advisor, meaning investment decisions are made internally. The website domain, Lester Financial Group, suggests the Lester family or named principal holds operational control, but specific individuals are not publicly identified in leadership roles.
What is the firm's relationship to Lester Financial Group?
Financial Management Advisors appears to operate under the Lester Financial Group brand, which is the domain and public-facing name on its website. Both entities share the same Tullahoma, Tennessee address and phone number in public records. The relationship is operational rather than a parent-subsidiary structure, with the RIA serving as the regulated investment advisory entity behind the brand.
Does the firm provide services beyond Tennessee?
Yes. While the firm is physically located in Tullahoma, Tennessee, its RIA registration permits it to serve clients in multiple states. It advises individuals, businesses, and trusts across the United States. However, its marketing and client base appear concentrated in the southern Tennessee region.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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