Exencial Wealth Advisors is a large, fee-based firm with its headquarters located in Oklahoma City. It also has offices in other states around the country. Exencial works with a wide range of both individual and institutional clients. The firm provides both investment portfolio management and financial planning services for clients. It also ranks in our lists of the top financial advisors in Oklahoma City and the top financial advisors in Oklahoma.
As a fee-based firm, some advisors at Exencial can sell certain financial products on a commission basis. A fee-only firm, on the other hand, earns all of its compensation from client-paid fees.
In February 2023 Exencial bought Shoreline Financial Advisors, a wealth management firm. The combined entity will manage $4 billion in assets in 10 states.
Exencial Wealth Advisors Background
Exencial Wealth Advisors was founded in 2003. The firm recently acquired Willingdon Wealth Management, and now it has several branches throughout the country, including ones in North Carolina, Pennsylvania, California, Ohio, Florida, Connecticut and Texas. Earlier in 2021, First United Bank purchased a minority ownership in Exencial.
Exencial Wealth Advisors Client Types and Minimum Account Sizes
Exencial Wealth Advisors primarily works with both non-high-net-worth and high-net-worth clients. When it comes to institutional clients, the firm works with pension and profit-sharing plans, charitable organizations, government entities, insurance companies and corporations.
There is no set minimum account size at Exencial Wealth Advisors. However, there is a minimum annual fee of $2,500. This could make services cost-prohibitive for clients with less than $250,000 to invest.
Services Offered by Exencial Wealth Advisors
Exencial Wealth Advisors provides clients with four main types of services, with various offerings within them:
- Wealth management
- Combined investment management and financial planning
- Financial planning and consulting
- Estate design
- Succession planning
- Charitable gift planning
- Retirement planning
- Cash flow management
- Debt management
- Tax planning
- 401(k)/retirement plan fiduciary
- Executive services
Exencial Wealth Advisors Investment Philosophy
Exencial Wealth Advisors work directly with clients on an individual basis in order to provide tailored investment management and financial planning services to clients. Advisors meet with new and existing clients to determine their overall tolerance for risk, liquidity needs, time horizons and any other relevant financial or personal information.
Advisors tend to invest in line with a client's stated asset allocation guidelines, and the most typical investments include equities, fixed-income securities, mutual funds, ETFs, ETNs, private investments, options and cash. The firm primarily uses fundamental analysis to inform its investment decisions.
Fees at Exencial Wealth Advisors
Wealth management services at Exencial Wealth Advisors are charged based on an annual percentage of each client's total assets under management. This fee is usually 1.00% annually, but it's subject to change based on the individual agreement between the firm and the client. The actual fee could be higher or lower depending upon the size of the client's portfolio and the services that are provided.
When it comes to financial planning arrangements, the firm typically charges clients $250 per hour or $2,500 to $15,000 on a fixed-fee basis. The specific fee is determined on a case-by-case basis.
What to Watch Out For
Exencial does not have any disclosures reported in its SEC-filed Form ADV.
As a fee-based firm, some advisors at Exencial Wealth Advisors may receive commissions from selling financial products to clients. This is a potential conflict of interest. However, despite this arrangement, the firm is also a fiduciary. That means that it's legally obligated to act in the best interests of clients at all times.
Opening an Account with Exencial Wealth Advisors
If you're a prospective client thinking about working with Exencial, go online to the firm's website and submit a contact form. You can also give the firm a call over the phone at (405) 478-1971 or visit its office in person.
All information was accurate as of the writing of this article.
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