Finding a Top Financial Advisor Firm in Oklahoma City, Oklahoma
Looking for a financial advisor can be grueling. SmartAsset made it easier for you by pouring hours of research into finding the top firms in Oklahoma City, Oklahoma. Our final list will give you an idea of what each firm offers and help you choose the one that best fits your needs.
How We Found the Top Financial Advisor Firms in Oklahoma City, Oklahoma
As a rule, the firms on our list are registered with the U.S. Securities and Exchange Commision (SEC). Financial advisors that are registered with the SEC are not only fiduciaries, but they’re also under government rules and regulations which can help protect clients. Taking it a step further, we discarded any firm with a disclosure or disciplinary issue or that didn’t manage individual accounts as part of its practice. The final list is ordered from most assets to least.
Exencial Wealth Advisors
At the top of our list is Exencial Wealth Advisors, a large firm with four offices across the U.S. and 26 total financial advisors. This fee-based firm has $2.1 billion in assets under management. Founded in 2002, the firm offers a suite of services, including wealth management, financial planning, 401(k) retirement plans and executive services.
If you want to work with Exencial, you’ll have to pay a minimum annual fee of $7,500. The fee makes the most sense if you have at least $750,000 of investable assets.
In addition to Oklahoma City, Exencial Wealth Advisors has offices in San Antonio and Frisco in Texas and Old Lyme, Connecticut.
Exencial Wealth Advisors Background
Exencial’s Oklahoma City office has 18 employees. John Burns, the CEO, works from this office as well. Burns has more than 30 years of financial industry experience and is a certified financial planner (CFP).
Tim Courtney is the firm’s chief investment officer. He has more than 15 years of experience as an investment advisors. He is a certified investment management analyst (CIMA). The firm has one additional CFP and a range of employee experience ranging from business school degrees to service in the U.S. Army.
Exencial’s typical clients include high-net-worth individuals and families, trusts, estates, corporations, nonprofits and foundations.
Exencial Wealth Advisors Investment Philosophy
According to SEC paperwork filed by Exencial, the firm’s main method of analysis is fundamental. Advisors evaluate investment price, expected income and returns and applicable risks. In addition to fundamental analysis, the firm uses what it calls the SELECT strategy when managing individual stocks. The acronym stands for: shareholders, environment, leadership, employees, customers and time. Each word is a way for the advisors to remember what to evaluate with each potential investment.
Like most financial advisors, Exencial emphasizes investing for the long term and the importance of broad diversification across asset classes.
Tom Johnson Investment Management
Founded in 1983, Tom Johnson Investment Management is the oldest firm on the list and has over $1 billion in assets under management. Tom Johnson is the first fee-only firm on this list. Fee-only financial advisors have the most restricted compensation model, as the only money your advisor can earn is through the management fee percentage. That means the firm does not receive compensation of any kind for selling you insurance, mutual funds or other products.
Six advisors work for Tom Johnson. The firm mainly offers investment management, specified fixed income and equity managed accounts. While the firm doesn’t have a strict asset minimum requirement, the general client has at least $100,000 of investable assets. Tom Johnson works with individuals, profit-sharing plans, foundations, pensions, public funds, corporations, sovereign funds, individual retirement accounts (IRAs) and 401(k) plans.
Tom Johnson Investment Management Background
Richard Parry owns the firm and serves as the president and chief investment officer. Before TJIM, he worked for First National Bank and Trust Company. He has an MBA from Oklahoma City University and is a chartered financial analyst (CFA).
The firm has six additional people on the investment team, five are CFAs, one also has a Ph.D. Additional employees include five women who make up the administrative team. With TJIM’s investment focus, it’s unsurprising that the firm does not employ any certified financial planners (CFPs).
Tom Johnson Investment Management Investment Strategies
As a client of TJIM, you’ll have the choice of three main portfolio strategies: equity, fixed income or balanced. Equity portfolios will hold about 30 to 50 securities that are diversified across at least eight of the 10 S&P sectors. Individual position sizes won’t exceed 5%. These portfolios generally don’t turnover more than 25% to 35% annually, to keep tax impacts to a minimum.
The fixed income strategy encompasses a portfolio built of bonds that pass TJIM’s screening and analysis criteria. The firm only purchases securities with a category A or better rating from Moody’s, S&P or Fitch.
The balanced strategy advocates a broadly diversified asset allocation. This means your portfolio’s assets are diversified across asset classes (stocks, bonds, cash equivalents, etc). Your portfolio will be tailored to your investment objectives, so the asset allocation will depend on your personal situation.
Vista Investment Partners
Formed in 2016, this fee-based firm has just four advisors on staff. Requiring new clients to have $1 million or more, Vista Investment Partners also shares the designation of highest asset minimum on the list with Castleview Wealth Advisors (No. 6). Similarly to Align Wealth Management, Vista Investment Partners’ clients are almost exclusively those with high net worths.
Vista Investment Partners has $373.7 million in assets under management and offers portfolio design and management, retirement planning, risk management, tax planning and wealth transfer.
You can find Vista Investment Partners offices in Oklahoma City and Richmond, Indiana.
Vista Investment Partners Background
Ronald Richardson formed the company in 2016 and is the sole owner. He’s worked in financial services since 1984 and was previously a senior vice president at Morgan Stanley Smith Barney. His firm includes one service associate and a chief compliance officer. Richardson takes care of all the portfolio management in this small financial advisor firm.
You won’t find the usual certifications at Vista Investment Partners, such as certified financial planner (CFP), chartered financial analyst (CFA) or certified public accountant (CPA).
Vista Investment Partners Investment Strategy
Vista uses “dynamic asset allocation.” This means allocating assets in response to the economical landscape and staying current on what’s happening around the world in the financial arena. The firm carefully balances risk with growth to create a balanced portfolio. For example, a portfolio might have 50% fixed income (bonds) and have 50% dedicated to growth (stocks). The growth portion would be allocated as:
- Large-Cap Value: 20%
- Large-Cap Growth: 20%
- Mid-Cap Value: 10%
- Mid-Cap Growth: 10%
- Small-Cap Value: 10%
- Small-Cap Growth: 10%
- International Value: 10%
- International Growth: 10%
Overall, the firm has six portfolio strategies. Each strategy corresponds with a risk and growth level and will match your financial objectives.
Align Wealth Management
Align Wealth Management is our second fee-only firm after Tom Johnson Investment Management (No.2). The firm has the second-highest asset minimum on the list, asking new clients for at least $500,000 of investable assets. The firm works almost exclusively with high-net-worth individuals, with more than three-quarters of its business from these accounts.
Align Wealth Management has three advisors and over $295 million in assets under management. Services offered include investment management, retirement management and 401(k) management. The firm is headquartered in Oklahoma City and has an office in St. Petersburg, Florida.
Align Wealth Management Background
William Puckett, the founder, is “triple board certified” - a rare feat. He is a certified financial planner (CFP), a certified public accountant with personal financial specialist credentials (CPA/PFS) and he’s an attorney.
His team of four includes two additional CFPs, including a CFP who holds a CPA as well. While the firm doesn’t have any chartered financial analysts (CFAs), it has one of the highest ratios of CFPs and CPAs to total employees.
Align Wealth Management Investment Philosophy
Align Wealth believes that capital markets are efficient, that risk control matters and that costs and taxes matter. Those three tenets feed into the firm’s overall philosophy of how to manage your portfolio.
Similar to most financial advisors, your portfolio will be exposed to numerous asset classes in order to reduce risk. Align Wealth diversifies across 12,000 securities, representing companies operating in 47 countries around the world. The firm also includes small-company stocks within portfolios to help maximize potential for returns.
As for keeping tax impact in mind when managing your portfolio, the firm stands behind its expertise from having two CPAs as advisors. As the firm says, “taxes can be a huge drag on performance.” Therefore, a priority is to minimize excessive taxes and costs.
Comprehensive Financial Planning
Comprehensive Financial Planning was founded by David Evans in 1990 and has stayed a one-man firm ever since. The fee-based firm has $127 million in assets under management and offers financial planning, investment management and investment advice through consultations. The firm has no asset minimum but does charge a $500 minimum annual fee. More than three-quarters of the firm’s clients are below the high-net-worth threshold ($1.5 million), the highest percentage out of the entire list.
You can find Comprehensive Financial Planning in northwestern Oklahoma City, but you can’t find the firm on the web. It’s one of the few financial advisors without a website or web presence.
Comprehensive Financial Planning Background
David Evans, the founder, owner and sole advisor at Comprehensive Financial Planning, has worked in financial services since 1982. He’s a certified financial planner (CFP). Evans worked for Cigna IFS, Prudential and started his own firm in 1987. Since 1990, he’s run Comprehensive Financial Planning.
Comprehensive Financial Planning offers investment management and financial planning services to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and corporations or business entities.
Comprehensive Financial Planning Investment Strategy
Evans uses fundamental and technical analysis to evaluate investments. For research, he uses financial newspapers and magazines, corporate rating services, annual reports, prospectuses and SEC filings. In general, Evans’ investment strategy is preservation of capital weighed against return available. Your asset allocation and portfolio will depend on your current financial situation, risk tolerance, retirement horizon, cash-flow needs, income and more.
Castleview Wealth Advisors
This fee-based firm requires new investment management clients to have at least $1 million in investable assets. That’s the highest on the list, with Vista Investment Partners (No. 4) having the same minimum. However, for those with less cash, the firm offers a robo-advising option with a $100,000 minimum.
Castleview Wealth Advisors has two advisors and $115 million assets under management. In operation since 2015, it’s the second-youngest firm on the lst after Vista Investment Management.
The firm specializes in “helping clients who are going through a major life transition with $2 million+ in liquid assets, and focus on helping them become wealthier in retirement.”
Castleview Wealth Advisors Management Background
Kendall King is the founder, owner and CEO of Castleview. He has 15 years of experience in the financial industry, and previously worked for UBS PaineWebber and The Legacy Financial Group. King is a certified financial planner (CFP).
The firm has an attorney on staff and three representatives currently working on the CFP certification and chartered financial analyst (CFA) designation.
Castleview Wealth Advisors Portfolio Management
Like most financial advisors, Castleview follows the tenets of modern portfolio theory. The main points are broad asset allocation across asset classes and investing for the long term. In addition, the firm follows four investment principles:
1. Financial markets are extremely efficient
2. Risk and return are related
3. Broad global diversification
4. Investor discipline
When planning your portfolio, advisors will keep this in mind. Your personal situation also matters for your investment plan. Advisors will discuss your current investments, your financial goals and objectives, retirement date, income, risk tolerance and other financial factors. The details you provide will help shape your asset allocation.