Shaw Financial Services

CRD#306480
Investment Advisor Firm

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Learn more about Shaw Financial Services

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

    • Overview

    Shaw Financial Services is a financial advisor company located in Edmond, Oklahoma. Shaw Financial Services controls $854.0 million in total assets throughout 5,789 client accounts, placing it among the bigger firms in the nation by assets under management (AUM). The firm has a small team, including 10 financial advisors. Shaw Financial Services is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets such as stocks, options and bonds.

    Shaw Financial Services administers all of the company's client assets in a discretionary manner. Discretionary management signifies that a portfolio manager makes transaction choices without needing to seek client consent. The investment advisory firm administers about $147,526 for each client account. The average advisor at Shaw Financial Services oversees around 579 client accounts.

    The company's main office is located at 2901 South Bryant Avenue, Edmond, Oklahoma 73013. It is permitted to serve clients throughout 18 U.S. states and territories.

    Assets Under Management

    $854.0 million

    Number of Advisors

    10

    Disclosures

    No

    Office Location

    2901 South Bryant Avenue
    Edmond, OK 73013

    Shaw Financial Services by the Numbers

    Total Assets Under Management

    $854.0 million

    National Average: $8.6 billion
    Total Number of Employees

    13

    National Average: 64
    Total Number of Accounts

    5,789

    National Average: 375,227
    Average Account Size

    $147.5 thousand

    National Average: $23.0 thousand
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    Products and Services

    Financial services that Shaw Financial Services offers can include portfolio management for individuals and small businesses and selection of other advisers. It does not sell products or offer services apart from investment advisory services to its investment advisory accounts.

    Core Advisor Services

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      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.

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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

    • 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.

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    Fee Structure

    Fees for financial advice depend on which services the firm provides the client. Fees billed by Shaw Financial Services typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Shaw Financial Services.

    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.

    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 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.

    • 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.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

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

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    Types of Clients

    It caters to retail investors, high net worth investors and corporations. Out of its 5,789 accounts, Shaw Financial Services's largest client by number of accounts is retail investors, but it also caters to 706 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 18.39%
    • Other Individuals - 81.42%
    • Corporations - 0.18%
    • 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

    Shaw Financial Services does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Shaw Financial Services

    John Dotson
    Edmond, OK
    Geoffrey Weiss
    Edmond, OK
    Christie Hughes
    Edmond, OK
    Christopher Beard
    Edmond, OK
    Royse Mccasland
    Edmond, OK
    Jordan Long
    Edmond, OK
    Toni Selph
    Tulsa, OK
    Jonathan Pixley
    Edmond, OK
    Charlotte Shaw
    Edmond, OK

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