Finding a Top Financial Advisor Firm in Corpus Christi, Texas
Working with a financial advisor firm is supposed to make your life easier, but finding the right firm for you can be just as stressful a process. For Corpus Christi, Texas residents, SmartAsset took the time, did the research and subsequently found the top financial advisor firm in the city. Read on to find out what this firm specializes in, and how well those specializations match up with what you’re looking for. For those who prefer an automated search, the SmartAsset financial advisor matching tool can pair you with up to three advisors in you area.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Oxbow Advisors, LLC Find an Advisor||$1,483,890,000||Not released|| || |
Minimum AssetsNot released
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How We Found the Top Financial Advisor Firm in Corpus Christi, Texas
In order to be as accurate as possible, SmartAsset only researched firms that are based in Corpus Christi, Texas proper and are registered with the U.S. Securities and Exchange Commission (SEC). Firms that did not manage individual accounts, had disciplinary issues on record or didn’t offer financial planning services were immediately removed from contention. The following is what made the cut, ordered from the most assets under management (AUM) to the least.
With nearly $1.5 billion in AUM, Oxbow Advisors, LLC doesn’t have much competition in the Corpus Christi area. Its individual client base is made up of less than one-quarter high-net-worth individuals, which is somewhat surprising given the firm’s massive size. Equally as surprising is the fact that its team of advisors is just 11 members strong, with five chartered financial analysts (CFAs), three chartered investment counselors (CICs) and two certified financial planners (CFPs) on staff.
Although the majority of Oxbow’s clientele consists of individuals and families, it also serves retirement plans, estates, trusts, employee benefit plans, private foundations and charitable organizations. It does not publicly specify an account minimum. Instead, any minimums or maximums will be displayed in your written client agreement.
This firm is fee-based, meaning that it gets its compensation from places other than its clients. In Oxbow’s case, some of its employees make commissions on insurance sales. While this represents a potential conflict of interest, the firm is a fiduciary and legally must act in clients' best interests.
Oxbow Advisors, LLC Background
Managing partner James Theodore "Ted" Oakley founded Oxbow Advisors, LLC in 2007. Oakley is the principal owner of Oxbow, and has been employed in the financial services industry for over 33 years.
Oxbow splits its client services into two main categories: base capital management and investment capital management. In layman’s terms, this is essentially a division of your money between what you need to hold onto in order to maintain your lifestyle and what you can afford to gamble a bit on investing. The firm also has more goal-centric services, such as retirement planning and education planning.
Oxbow Advisors, LLC Investing Strategy
The combination of a short- and long-term approach is at the heart of what Oxbow Advisors, LLC aims to do with the funds of all of its clients. It does this in a somewhat non-traditional way though, employing a strategy of stock-picking, which is essentially looking to find the undervalued areas of the market that hold some prospect of growth, significant or otherwise.
The firm accomplishes this through a series of steps, starting with meticulous research by its investment professionals. Next, the firm’s analysts will compare what it finds to market trends to see which stocks have the potential to be more valuable than where they currently stand. Because of this approach, you may find the investments that make up your portfolio shift on a regular basis.