Ausdal Financial Partners, Inc. (Davenport)

Name: Ausdal Financial Partners, Inc.
Address: 5187 Utica Ridge Rd, Davenport, IA, 52807
Telephone: 563-326-2064

Ausdal Financial Partners, Inc. is a large advisory firm based in Davenport. It manages $737.97 million of regulatory assets for 4,687 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Ausdal Financial Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and market timing services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ausdal Financial Partners: assets under management

The assets under management (AUM) of Ausdal Financial Partners, Inc. is $737.97 million. The firm's AUM has grown by 2186% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $642.36 million in discretionary accounts and $95.61 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $151.64 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $211.99 thousand.

Ausdal Financial Partners has custody of $84.97 million in cash and securities for 287 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ausdal Financial Partners, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Thomas Arthur Hopkins serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Thomas Arthur Hopkins is individuals with 3,974 clients and $446.56 million of assets under management. Among the 7 most similar advisory firms, Ausdal Financial Partners has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $737.97 million for 4,687 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.

Ausdal Financial Partners doesn't advise any private funds.

Careers at Ausdal Financial Partners, Inc.

The company employs 258 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 142 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 receive compensation from other entities for client referrals.

Thomas Arthur Hopkins has been acting as President since 1 May 2009. Nathan David Westcomb joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
June Clark Ausdal	Shareholder	1 Aug 1979	Other	721713
Robert Burns Jr Ausdal	President, director, chief financial officer,financial and operations principal, chief compliance officer	1 Jun 1995	Other	734479
Monica Lea Ausdal	Shareholder	1 Dec 2005	Other	xxx-xx-xxxx
Heather Debray Simpson	Shareholder	1 Apr 2006	Other	xxx-xx-xxxx
Kraig Richard Mickelsen	Shareholder	1 Apr 2007	Other	2845238
James J Simpson	Executive vice president,director	1 Apr 2007	Other	2204191
Chad Michael Witter	Vice president,director,shareholder	1 Apr 2007	Other	5006665
L.C. Equity Investments	Shareholder	1 Apr 2008	Other	26-2160161
Charles Alan Lindberg	Shareholder	1 Apr 2008	Other	3242093
John Bryan Hicks	Shareholder	1 Dec 2008	Other	xxx-xx-xxxx
David Bruce Roberts	Shareholder	1 Feb 2009	Other	xxx-xx-xxxx
John Bryan Hicks	Director, shareholder	1 May 2009	Other	xxx-xx-xxxx
David Bruce Roberts	Director, shareholder	1 May 2009	Other	xxx-xx-xxxx
Thomas Arthur Hopkins	Director	1 May 2009	Other	xxx-xx-xxxx
Stephen Barra Sawtelle	Director	1 May 2010	Other	705584
Stephen Barra Sawtelle	Director, shareholder	1 Nov 2010	Other	705584
Jessica Ann Witter	Shareholder	1 Jan 2011	Other	xxx-xx-xxxx
Justin Robert Steitz	Shareholder	1 Jun 2011	Other	5789797
Ausdal Living Trust	Shareholer	1 Feb 2012	Other	32-0625219
John Bryan Hicks	Director, shareholder,vice president	1 Jul 2012	Other	xxx-xx-xxxx
David Bruce Roberts	Director, shareholder,vice president	1 Jul 2012	Other	xxx-xx-xxxx
Thomas Arthur Hopkins	Director. chairman of the board	1 Jul 2012	Other	xxx-xx-xxxx
Michelle L Swinney	Corporate secretary	1 Jul 2012	Other	4661276
Evelyn Marion Oakes	Shareholder	1 Apr 2014	Other	6329811
Nathan David Westcomb	Chief compliance officer	1 May 2016	Other	6342420

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Dean Gordon Oakes	Unitholder, manager	1 Jan 2008	25% - 50%	xxx-xx-xxxx
Michael Edward Hodge	Unitholder, manager	1 Jan 2008	50% - 75%	xxx-xx-xxxx
Robert Burns Jr Ausdal	Trustee	1 Feb 2012	50% - 75%	xxx-xx-xxxx
Monica Lea Ausdal	Trustee	1 Feb 2012	50% - 75%	xxx-xx-xxxx

Based in Davenport

The principal office where Ausdal Financial Partners, Inc. performs its advisory services is located at 5187 Utica Ridge Rd, Davenport, IA 52807, which is also the mailing address of the firm. An additional office of the firm is in Downers Grove, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 563-326-2064 or by fax 563-326-2159. The normal business hours are 0830 to 1630 on Monday - Friday. You can find more information about the New York firm at ausdal.com.