Empowered Funds, LLC (Broomall)

Name: Empowered Funds, LLC
Address: 213 Foxcroft Road, Broomall, PA, 19008
Telephone: 1.215.882.9983

Empowered Funds, LLC is a large advisory firm based in Broomall. It manages $376 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Pennsylvania.

Empowered Funds provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Empowered Funds: assets under management

The assets under management (AUM) of Empowered Funds, LLC is $376 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 847% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $376 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $376 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Empowered Funds, 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 Empowered Funds serves?

The only and largest group of clients of Empowered Funds is investment companies with 1 clients and $376 million of assets under management. Among the 10 most similar advisory firms, Empowered Funds has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $376 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Empowered Funds doesn't advise any private funds.

Careers at Empowered Funds, LLC

The company employs 9 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 9 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 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.

Empowered Funds, LLC is owned by David Michael Babulak. Alpha Architect joined the executive team most recently as the Owner (100%).

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Alpha Architect	Owner	1 Nov 2013	75% - 100%	153905
Wesley Robert Gray	Executive managing member	1 Nov 2013	Other	4233964
Carlton Harrington Kanner	Managing member	1 Nov 2013	Other	5806244
John Robert Vogel	Managing member	1 Nov 2013	Other	5572973
David Pardee Foulke	Managing member	1 Nov 2013	Other	2721529
Tao Wang	Managing member	1 Nov 2013	Other	6138867
Yang Xu	Managing member	1 Nov 2013	Other	6316689
Llc Strong Point Holdings	Owner	1 Nov 2013	Other	46-5629374
Llc Empiritrage	Owner	1 Nov 2013	75% - 100%	153905
David Michael Babulak	Owner	1 Nov 2013	Other	4975856
Xin Song	Managing member	1 Jan 2015	Other	6451012
Patrick Russell Cleary	Managing member / cco	1 Aug 2015	Other	6394372
Alpha Architect	Owner (100%)	1 Jan 2017	75% - 100%	153905

Indirect Owners

The SEC currently registers 16 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Wesley Robert Gray	Executive managing member	1 Jul 2010	50% - 75%	4233964
John Robert Vogel	Managing member	1 Mar 2012	Other	5572973
Tao Wang	Managing member	1 Sep 2013	Other	6138867
Yang Xu	Managing member	1 Sep 2013	Other	6316689
Llc Empirical Finance	Owner	1 Nov 2013	75% - 100%	27-3001230
Empiritrage	Owner	1 Nov 2013	75% - 100%	153905
David Michael Babulak	Owner	1 Apr 2014	Other	4975856
Llc Empirical Finance	Owner (100%)	1 Apr 2014	75% - 100%	27-3001230
Wesley Robert Gray	Executive managing member	1 Apr 2014	50% - 75%	4233964
John Robert Vogel	Managing member	1 Apr 2014	Other	5572973
Tao Wang	Managing member	1 Apr 2014	Other	6138867
Yang Xu	Managing member	1 Apr 2014	Other	6316689
Patrick Russell Cleary	Managing member	1 Oct 2014	Other	6394372
Babulak Family Trust	Managing member	1 Jan 2017	Other	xxx-xx-xxxx
Lien Babulak	Trustee	1 Jan 2017	Other	6745377
David Michael Babulak	Trustee	1 Jan 2017	Other	4975856

Based in Broomall

The principal office where Empowered Funds, LLC performs its advisory services is located at 213 Foxcroft Road, Broomall, PA 19008, 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 1.215.882.9983 or by fax 1.216.245.3686. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at alphaarchitect.com.