Acorn Growth Companies, LLC

CRD#164499
Investment Advisor Firm

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Learn more about Acorn Growth Companies, LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Acorn Growth Companies, LLC is a financial advisor company located in Oklahoma City, Oklahoma. The firm oversees $496.8 million in assets under management throughout 10 accounts, making it one of the larger financial advisory firms in the United States by assets under management (AUM). It has a small team, including 12 financial advisors. Acorn Growth Companies, LLC does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments such as bonds, equities and options.

    Acorn Growth Companies, LLC administers most of the firm's client assets in a discretionary manner. Discretionary management signifies that an investment advisor has the discretion to make buy and sell judgments for the client's account without needing to seek client permission. The company also has two non-discretionary accounts totaling $967,870 in assets under management. The company administers an average of $49.7 million in assets for every client account. The average financial advisor at Acorn Growth Companies, LLC oversees fewer than one client account, placing it among the most individualized financial advisor firms in the country.

    Acorn Growth Companies, LLC's headquarters is located at 621 N. Robinson Avenue, Oklahoma City, Oklahoma 73102. The company is allowed to provide services to investors across a few states, including District of Columbia and Oklahoma.

    Assets Under Management

    $496.8 million

    Number of Advisors

    12

    Disclosures

    No

    Office Location

    621 N. Robinson Avenue
    Oklahoma City, OK 73102

    Acorn Growth Companies, LLC by the Numbers

    Total Assets Under Management

    $496.8 million

    National Average: $8.6 billion
    Total Number of Employees

    12

    National Average: 64
    Total Number of Accounts

    10

    National Average: 375,227
    Average Account Size

    $49.7 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial management fees are based on which services the firm provides the client. However, fees charged by the company can be comprised of the following fee structures: asset-based, performance-based or other. The firm does not participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

    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 26% of firms

      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.

    • 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 21% of firms that offer this fee type

      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.

    • 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 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.

    • Find one of the 32% of firms that offer this fee type

      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.

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    Types of Clients

    It caters to pooled investment vehicles. Out of its 10 customers, Acorn Growth Companies, LLC's largest client type is pooled investment vehicles. None of the firm's clients are non-U.S. persons.

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

    Acorn Growth Companies, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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