Wela Strategies, Inc.

Wela Strategies, Inc. is a registered investment advisor established in 2008 and wholly owned by Capital Investment Advisors, LLC. The firm specializes in providing asset management services based on model portfolios designed to accommodate both smaller and larger portfolios. Wela offers model management services primarily using exchange-traded funds (ETFs) and provides various model portfolios, including "Own Your Age" (OYA) models and non-OYA models like Wela All Growth and Wela Agg Yield. Clients with less than $25,000 in investable assets have access to specific model portfolios tailored to their needs. Wela operates on a discretionary basis, making changes to client portfolios without prior consultation, although major changes are discussed with clients. The firm charges management fees based on the market value of assets and offers a tiered fee structure based on the account size. Wela does not charge performance-based fees and acts as a fiduciary when providing individual retirement advice. The firm reviews client accounts regularly, provides access to an Advisory Representative, and offers retirement plan consulting services. Wela has affiliations with Capital Investment Advisors, LLC and Capital Accounting & Tax, LLC. The firm has custody arrangements with custodians like Schwab and Fidelity and engages in aggregated trading to strive for best execution. Wela does not vote on client securities proxies but uses a third-party service for proxy voting. The firm has not reported any disciplinary information and does not require prepayment of fees.