Oneascent Wealth Management
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Overview
Oneascent Wealth Management operates as an advisory firm that has its headquarters in Birmingham, Alabama. It administers $470.7 million in total assets across 2,357 customer accounts, placing it among the larger firms in the country by assets under management (AUM). The firm has a small team, including 14 financial advisors. Oneascent Wealth Management is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer firm to do so. Securities are tradable fiscal investments such as stocks, bonds and options.
Oneascent Wealth Management oversees the majority of its client assets on a discretionary basis. Discretionary management means that buy and sell decisions are made by an investment advisor without needing client authorization. Oneascent Wealth Management also manages 35 non-discretionary accounts with a total of $10.0 million in assets under management. The investment advisory firm administers roughly $199,692 for each customer account. The typical advisor at Oneascent Wealth Management manages about 168 client accounts.
The company's headquarters is located at 23 Inverness Center Parkway, Birmingham, Alabama 35242. The firm is permitted to serve customers throughout 14 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Oneascent Wealth Management by the Numbers
$470.7 million
37
2,357
$199.7 thousand
Products and Services
Oneascent Wealth Management provides multiple services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and selection of other advisers. In the last fiscal year, the firm provided financial planning services to 251-500 of its customers. Oneascent Wealth Management does not sell products or offer services other than investment advisory services to its investment advisory customers.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
A financial advisor's fees largely are based on which services the firm provides the client. Fee types billed by the firm likely consist of any combination of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Oneascent Wealth Management.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Oneascent Wealth Management provides services to retail investors, high net worth investors and corporations. Out of its 2,357 clients, Oneascent Wealth Management's largest client type by number of accounts is retail investors, though it also caters to 157 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 15.59%
- Other Individuals - 83.81%
- Corporations - 0.6%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Oneascent Wealth Management does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Oneascent Wealth Management
Birmingham, AL
Myrtle Beach, SC
Birmingham, AL
Birmingham, AL
Birmingham, AL
Birmingham, AL
Birmingham, AL
Birmingham, AL
Birmingham, AL
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