Yield Financial Advisors

CRD#162235
Investment Advisor Firm

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Learn more about Yield Financial Advisors

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

    • Overview

    Yield Financial Advisors operates as a financial advisory company that has its headquarters in Mckinney, Texas. The firm administers $3.5 million in assets under management over 39 client accounts. The firm has a small group of one employee who is a financial advisor. Yield Financial Advisors does not act as a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal assets like stocks, options and bonds.

    Yield Financial Advisors manages all of the company's client assets in a discretionary manner. Discretionary management signifies that buy and sell judgments are made by an investment advisor without requiring client consent. The firm's typical account size is $89,744. $500,001 to $1,000,000 of their financial planning investments were in securities, with $500,001 to $1,000,000 invested in non-securities. The average advisor at Yield Financial Advisors administers around 39 client accounts, placing it towards the middle in terms of personalization.

    The firm's headquarters is located at 3900 So. Stonebridge Drive, Mckinney, Texas 75070. It is legally permitted to serve customers throughout 2 states, including Louisiana and Texas.

    Assets Under Management

    $3.5 million

    Number of Advisors

    1

    Disclosures

    No

    Office Location

    3900 So. Stonebridge Drive
    Mckinney, TX 75070

    Yield Financial Advisors by the Numbers

    Total Assets Under Management

    $3.5 million

    National Average: $9.0 billion
    Total Number of Employees

    1

    National Average: 71,771
    Total Number of Accounts

    39

    National Average: 4,329
    Average Account Size

    $89.7 thousand

    National Average: $2.1 million

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    Products and Services

    Yield Financial Advisors provides a number of services, which can include financial planning services, portfolio management for individuals and small businesses, selection of other advisers and educational seminars. In the prior fiscal year, the company provided 11-25 of its customers with financial planning services. The company is engaged in selling products or offering services aside from investment advice to its customers.

    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

    • Offered by 21% 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.

    • 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

    Fees charged by financial advisors typically are based on which services the firm provides the client. Fee types billed by the firm most likely include the following fee structures: asset-based, hourly or fixed. The company does participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee. The firm has the ability to withdraw the fees directly from customer funds.

    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

    Yield Financial Advisors works with retail investors and high net worth investors. Out of its 39 accounts, Yield Financial Advisors's largest client group is retail investors, though it also manages money for four 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 counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are non-U.S. persons.

    • High-Net-Worth Individuals* - 10.26%
    • Other Individuals - 89.74%
    • 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

    Yield Financial Advisors does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Yield Financial Advisors

    Carrie Mikell
    Mckinney, TX
    Wendell Brock
    Mckinney, TX

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    The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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