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.