Cowa, LLC (Tulsa)

Name: Cowa, LLC
Address: 8801 South Yale Avenue, Tulsa, OK, 74137
Telephone: 918-984-9110

Cowa, LLC is a large advisory firm based in Tulsa. It manages $150.3 million of regulatory assets for 472 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Kansas, Oklahoma, and Texas.

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

Cowa: assets under management

The assets under management (AUM) of Cowa, LLC is $150.3 million. The firm's AUM has grown by 11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $128.8 million in discretionary accounts and $21.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $317.24 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $325.76 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 37% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cowa, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Cowa serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Cowa is high net worth individuals with 40 clients and $118 million of assets under management. Among the 10 most similar advisory firms, Cowa has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $150.3 million for 117 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.

Cowa doesn't advise any private funds.

Careers at Cowa, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Don Beutel	Chief compliance officer/managing member	1 May 2018	75% - 100%	6949326
Llc Shelter Me	Managing member	1 Jun 2018	50% - 75%	83-0642156
Llc Third Bucket	Managing member	1 Jun 2018	50% - 75%	83-0595816
James E Diacon	Chief compliance officer	1 Jun 2018	Other	1653168
Llc Avarice Holdings	Member	1 Nov 2018	Other	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Gary Lee Yeck	Managing member	1 May 2013	75% - 100%	474345
James E Diacon	Managing member	1 May 2018	75% - 100%	1653168
Nathan Joel Lovelle	Managing member	1 May 2018	75% - 100%	3153234

Based in Tulsa

The principal office where Cowa, LLC performs its advisory services is located at 8801 South Yale Avenue, Tulsa, OK 74137 The mailing address of the firm is P.O. Box 35946, Tulsa, OK 74153. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 918-984-9110 or by fax 918-779-4022. The normal business hours are 8:30 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at counciloakwealth.com/.