Baker Asset Management, LLC (Oklahoma City)

Baker Asset Management, LLC is a large advisory firm based in Oklahoma City. It manages $230 million of regulatory assets for 520 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Oklahoma and Texas.

Baker Asset Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Baker Asset Management: assets under management

The assets under management (AUM) of Baker Asset Management, LLC is $230 million. The firm's AUM has grown by 398% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $225 million in discretionary accounts and $5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $450 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $250 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Baker Asset Management, LLC for their services and products based on a percentage of assets under management. 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 Baker Asset Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Baker Asset Management is high net worth individuals with 60 clients and $120 million of assets under management. Among the 5 most similar advisory firms, Baker Asset Management has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $230 million for 172 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Baker Asset Management doesn't advise any private funds.

Careers at Baker Asset Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. James Baker Group	Unitholder	1 Jun 2005	75% - 100%	73-1402976
Robert Todd Owens	President, chief compliance officer, manager	1 Jun 2005	Other	2567745

Based in Oklahoma City

The principal office where Baker Asset Management, LLC performs its advisory services is located at 1601 Nw Expressway, Oklahoma City, OK 73118 1426, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 405-415-7270 or by fax 405-415-7396. The normal business hours are 8:00 am- 4:00 pm on Monday - Friday.