Ofg Financial Services, Inc

CRD#23940
Investment Advisor Firm

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  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Ofg Financial Services, Inc is located at 120 Se 6Th Avenue, Topeka, KS. The firm employs 30 financial advisors to manage client portfolios and provide financial guidance. Ofg Financial Services, Inc is a registered broker-dealer.

    Ofg Financial Services, Inc oversees $160.0 million in assets under management across 700 accounts, all of which are non-discretionary. Over the past year, the firm has provided financial planning services to between 1 and 10 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, and selection of other advisers. The firm caters to retail investors, with retail investors being the largest client type by accounts. The fee structure at Ofg Financial Services, Inc includes asset-based, hourly, fixed, and other fees. The firm maintains affiliations with an insurance company or agency.

    Ofg Financial Services, Inc is registered in the states of Arizona, Kansas, Texas, Missouri, and Oklahoma.

    Assets Under Management

    $160.0 million

    Number of Advisors

    30

    Disclosures

    No

    Office Location

    120 Se 6Th Avenue
    Topeka, KS 66603-3515

    Ofg Financial Services, Inc by the Numbers

    Total Assets Under Management

    $160.0 million

    National Average: $8.6 billion
    Total Number of Employees

    30

    National Average: 64
    Total Number of Accounts

    700

    National Average: 375,227
    Average Account Size

    $228.6 thousand

    National Average: $23.0 thousand
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    Products and Services

    Ofg Financial Services, Inc provides a number of services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, and selection of other advisers. In the past fiscal year, Ofg Financial Services, Inc provided financial planning services to 45301 of its customers. The Firm does not sell products or offer services other than investment advisory services to its investment advisory clients.

    Core Advisor Services

    • 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.

    • 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.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • 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.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    A financial advisor's fees largely depend on the services provided. Fees billed by Ofg Financial Services, Inc likely consist of some blend of the following fee types: asset-based, hourly, fixed, or other.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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    Types of Clients

    It caters to retail investors. Ofg Financial Services, Inc's biggest client type by number of accounts is retail investors.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 100%
    • Corporations - 0%
    • 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

    Ofg Financial Services, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Ofg Financial Services, Inc

    Jordan Webb
    Salina, KS
    Eddie Balluch
    Salina, KS
    Bradley Veenendaal
    Salina, KS
    Robert Tersinar
    Topeka, KS
    Scott Marwil
    Topeka, KS
    Craig Colson
    College Station, TX
    Benjamin Schroeder
    College Station, TX
    Charles Kooken
    Topeka, KS
    Jonathan Gatz
    Topeka, KS

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