Welch Hornsby & Welch is a wealth advisor, based in Alabama. The firm advises charitable foundations and endowments, as well as high-net-worth families and retirement plans, in multiple states. The firm currently has about $3 billion assets under management, with $100 million dedicated towards a dozen hedge funds and fund of hedge funds. The firm does invest in real estate funds, but has not added any additional funds since 2008. Welch, Hornsby & Welch does not invest in private equity funds.