Wheat Givens Financial, LLC

CRD#114258
Investment Advisor Firm

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Learn more about Wheat Givens Financial, LLC

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

    • Overview

    Wheat Givens Financial, LLC is an advisory firm located in Mckinney, Texas. Wheat Givens Financial, LLC manages $158.5 million in assets across 696 customer accounts, placing it in the mid-tier of firms in the nation by assets under management (AUM). The firm has a small team, including 2 financial advisors. Wheat Givens Financial, LLC is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal investments like bonds, options and equities.

    Wheat Givens Financial, LLC administers zero of the company's accounts on a discretionary basis. Discretionary management signifies that buy and sell choices for the client's account are made by an investment advisor without needing client consent. The company also manages 696 non-discretionary accounts totaling $158.5 million in AUM. The advisory firm oversees an average of $227,665 in assets for each account. An average financial advisor at Wheat Givens Financial, LLC manages around 348 client accounts.

    The firm's central office is located at 8751 Collin Mckinney Parkway, Mckinney, Texas 75070. Wheat Givens Financial, LLC is legally allowed to provide services to customers throughout a number of states, including Arkansas, Florida, Oklahoma, Tennessee and Texas.

    Assets Under Management

    $158.5 million

    Number of Advisors

    2

    Disclosures

    No

    Office Location

    8751 Collin Mckinney Parkway
    Mckinney, TX 75070

    Wheat Givens Financial, LLC by the Numbers

    Total Assets Under Management

    $158.5 million

    National Average: $9.0 billion
    Total Number of Employees

    2

    National Average: 71,771
    Total Number of Accounts

    696

    National Average: 4,329
    Average Account Size

    $227.7 thousand

    National Average: $2.1 million
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    Products and Services

    Wheat Givens Financial, LLC provides a variety of financial services, including financial planning services, portfolio management for individuals and small businesses and educational seminars. In the past financial year, Wheat Givens Financial, LLC provided 25-Nov of its clients with financial planning services. It is involved in selling products or offering services different than investment advisory services to its customers. It is also affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer.

    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 47% 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

    • Find a firm that offers this service

      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.

    • Offered by 7% of firms

      Educational Seminars/Workshops

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

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    Fee Structure

    Financial management fees typically are based on which services are provided. Fee types charged by the company likely include some blend of the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Wheat Givens Financial, LLC.

    Available

    • Offered by 70% 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 33% 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.

    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.

    • 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

    Wheat Givens Financial, LLC provides services to retail investors, high net worth investors, charitable organizations and corporations. Out of its 696 customers, Wheat Givens Financial, LLC's largest client group is retail investors, although it also caters to 63 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual 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 the firm's clients reside abroad.

    • High-Net-Worth Individuals* - 22.74%
    • Other Individuals - 75.81%
    • Corporations - 0.72%
    • Charitable Organizations - 0.72%

    * 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

    Wheat Givens Financial, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Wheat Givens Financial, LLC

    Lori Givens
    Mckinney, TX
    Phil Wheat
    Mckinney, TX

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