Exencial Wealth Advisors, LLC (Oklahoma City)

Name: Exencial Wealth Advisors, LLC
Address: 9108 N. Kelley Avenue, Oklahoma City, OK, 73131
Telephone: 405-478-1971

Exencial Wealth Advisors, LLC is a large advisory firm based in Oklahoma City. It manages $2.05 billion of regulatory assets for 3,520 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Arizona, California, and 22 other states.

Exencial Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Exencial Wealth Advisors: assets under management

The assets under management (AUM) of Exencial Wealth Advisors, LLC is $2.05 billion. The firm's AUM has grown by 44% since the beginning of its operation, and $3.78 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.83 billion in discretionary accounts and $219.72 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $526.81 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.78 million.

Exencial Wealth Advisors has custody of $1.2 billion in cash and securities for 1,260 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 1% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Exencial Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Exencial Wealth Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Exencial Wealth Advisors is high net worth individuals with 457 clients and $1.56 billion of assets under management. Among the 9 most similar advisory firms, Exencial Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.05 billion for 1,255 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Exencial Wealth Advisors doesn't advise any private funds.

Careers at Exencial Wealth Advisors, LLC

The company employs 50 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. 23 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Timothy Michael Courtney has served as the Chief Investment Officer since 1 Jan 2015. Marshall James Welke joined the executive team most recently as the Chief Compliance Officer & Director Of Operations.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Forrest Burns	Co-owner/co-ceo	1 Jan 2003	50% - 75%	1538784
Joy L Parduhn	Chief compliance officer / chief operations officer	1 Feb 2008	Other	4027127
Jerry Peter Georgopoulos	Co-owner/co-ceo	1 Sep 2011	50% - 75%	2746357
Inc. Burns Wealth Management	Member	1 Apr 2014	75% - 100%	11-3663563
Timothy Michael Courtney	Chief investment officer	1 Jan 2015	Other	2700992
Michelle Renae Scarver	Principal	1 Apr 2016	Other	2808956
Caleb John Dillard	Chief compliance officer / chief operations officer	1 Jul 2017	Other	6478861
John Forrest Burns	Chief executive officer and elected manager	1 Jan 2018	Other	1538784
Derek S Northup	Chief financial officer	1 Jan 2018	Other	7145728
Marshall James Welke	Chief compliance officer & director of operations	1 Aug 2019	Other	7172191

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
John Forrest Burns	Shareholder	1 Nov 2002	75% - 100%	1538784
Jerry Peter Georgopoulos	Shareholder	1 Mar 2015	50% - 75%	2746357

Based in Oklahoma City

The principal office where Exencial Wealth Advisors, LLC performs its advisory services is located at 9108 N. Kelley Avenue, Oklahoma City, OK 73131, which is also the mailing address of the firm. An additional office of the firm is in Old Lyme, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 405-478-1971 or by fax 405-478-1317. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at exencialwealth.com.