THE WELCH GROUP, LLC

CRD 111273File 801-56254

APPROVED

Retail clients

Custody

Filing as of Jul 16, 2026

Feed vintage Aug 17, 2026

Regulatory AUM

$3.68B

Top 25% of cohort (national)

Discretionary AUM

$3.68B

Clients

1,450

4,528 accounts

Employees

Top 25% of cohort in AL

Identity & registration

ADV Item 1

Organization form: Limited Liability Company
Firm type: Registered
SEC region: ARO
Registration date: Feb 2, 1999
Principal office: 3940 MONTCLAIR RD, FIFTH FLOOR, BIRMINGHAM, AL, 35213
Phone: 205-879-5001
Website: HTTP://WWW.WELCHGROUP.COM

Assets & accounts

ADV Item 5F

Total regulatory AUM: $3.68B
Discretionary AUM: $3.68B
Non-discretionary AUM: $0
Discretionary accounts: 4,528
Non-discretionary accounts: 0
Total accounts: 4,528
AUM per client: $2.5M

Clients by type

ADV Item 5D

Client type	Clients	AUM
Charitable organizations	29	$27.2M
High net worth individuals	690	$3.35B
Pension and profit sharing plans	5	$10.9M
Individuals (other than high net worth individuals)	726	$291.1M

Compensation & activities

ADV Items 5E, 5G

Compensation

Fixed fees
Hourly charges
A percentage of assets under your management

Advisory activities

Other advisory activities
Financial planning services
Selection of other advisers
Portfolio management for businesses
Portfolio management for individuals and/or small businesses

Custody

ADV Item 9

Firm Custody Cash: Yes
Firm Custody Assets: Yes
Firm Custody Clients: Yes
Firm Custody Securities: Yes
Related Person Custody Cash: No
Related Person Custody Assets: No
Related Person Custody Clients: No
Related Person Custody Securities: No

Disclosure events

ADV Item 11

This firm answered no to every Item 11 disclosure question in this filing.

Filed changes

Date	Field	From	To
Aug 12, 2026	Registration	—	APPROVED

Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.