Oneascent Financial Services LLC is a large advisory firm based in Birmingham. It manages $278.89 million of regulatory assets for 1,653 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, California, Florida, and 10 other states.
Oneascent Financial Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Oneascent Financial Services LLC is $278.89 million. The firm's AUM has grown by 40% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Oneascent Financial Services LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Oneascent Financial Services is individuals with 555 clients and $133.67 million of assets under management. Among the 12 most similar advisory firms, Oneascent Financial Services has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $268.2 million for 668 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.
Oneascent Financial Services doesn't advise any private funds.
The company employs 22 people that are either part- or full-time employees. 82 percent of the employees work as investment advisers or researchers. 15 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.
The principal office where Oneascent Financial Services LLC performs its advisory services is located at 23 Inverness Parkway, Birmingham, AL 35242, which is also the mailing address of the firm. An additional office of the firm is in Akron, OH. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 205-313-9142. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.