Wafra Inc
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Overview
Wafra Inc operates as an advisory company that has its headquarters in New York, New York. Wafra Inc has $29.0 billion in total assets across 103 client accounts, making it one of the largest investment advisory firms in the country by assets under management (AUM). The firm has a large team, including 76 financial advisors. Wafra Inc does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable financial assets such as bonds, equities and options.
Wafra Inc oversees more than half of its accounts on a discretionary basis. Discretionary management means that buy and sell judgments for the client's account are made by an investment advisor without needing to seek the customer's consent. The firm also manages six non-discretionary accounts with a total of $800.3 million in AUM. Wafra Inc's average account size is $281.6 million. The typical advisor at Wafra Inc oversees about one client account, making it one of the most individualized advisor firms in the country.
The firm's central office is at 345 Park Avenue, New York, New York 10154-0101. The firm is legally registered to serve customers in the state of Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Wafra Inc by the Numbers
$29.0 billion
167
103
$281.6 million
Products and Services
Wafra Inc offers a variety of services, including portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers and other services. The company is engaged in selling products or offering services aside from investment advisory services to its customers. The firm is also affiliated with a number of other companies in the financial services industry, including with a commodity pool advisor.
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.
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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
Fees charged by financial advisors usually are based on which services are offered. Fee types billed by Wafra Inc can consist of the following fee types: asset-based, fixed, performance-based or other. The company does not participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 26% of firms
Performance-based
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Offered by 32% of firms
Fixed
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Offered by 10% of firms
Other
Unavailable
Types of Clients
The firm works with pooled investment vehicles and corporations. Out of its 103 customers, Wafra Inc's largest client type is pooled investment vehicles. Around 86% of the firm's accounts 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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Financial Advisors at Wafra Inc
Austin, TX
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