Exencial Wealth Advisors is a large, fee-based financial advisor firm with its headquarters located in Oklahoma City. It also has offices in other states around the U.S. Exencial works with a wide range of both individual and institutional clients. The firm provides both investment management and financial planning services for its clients, and it has also acquired a number of other firms in recent years.
As a fee-based operation, some advisors at Exencial can sell certain financial products on a commission basis, in addition to client-paid fees. A fee-only firm, on the other hand, would earn all of its compensation from the latter.
Exencial Wealth Advisors Background
Exencial Wealth Advisors was founded in 2003, and is based out of Oklahoma City. The firm has several other branch locations throughout the country, including in North Carolina, Pennsylvania, California, Ohio, Florida, Connecticut and Texas.
The firm's team of professionals holds a number of certifications. These include Certified Financial Planner™ (CFP®), certified public accountant (CPA), chartered financial analyst (CFA), chartered retirement planning counselor (CRPC) and more.
Exencial Wealth Advisors Client Types and Minimum Account Sizes
Exencial Wealth Advisors primarily works with both non-high-net-worth and high-net-worth individual 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, which could make its services cost-prohibitive for clients with less than $250,000 in investable assets. This minimum may be waived at the firm's discretion.
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 specific 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 Wealth Advisors has one regulatory disclosure reported on its SEC-filed Form ADV. This is in relation to an advisory affiliate of Exencial.
As a fee-based firm, some advisors at Exencial may receive commissions from selling certain insurance products to clients, which creates a potential conflict of interest. However, the firm is also a fiduciary, which means it's obligated to act in the best interests of its 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 (888) 478-1971 or visit its office in person.
All information was accurate as of the writing of this article.
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