Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
Available Fee Structures
- Percentage of Assets Under Management (AUM)
F.i.g. Financial Advisory Services, Inc. Overview
F.I.G. Financial Advisory Services, Inc. is an investment advisory firm that offers financial planning and portfolio management services to individuals and small businesses across the United States. The firm has been in business since 2020 and is headquartered in Oklahoma City, OK. F.I.G. Financial Advisory Services, Inc. is a fee-based firm, which means its compensation is based on a percentage of clients’ assets under management. Being an investment advice-only firm, F.I.G. Financial Advisory Services, Inc. is committed to offering unbiased advice to its clients, helping them make informed decisions about their investments. The firm’s financial planning services provide clients with comprehensive guidance on retirement planning, estate planning, tax planning, and risk management. Its portfolio management services, on the other hand, help clients build diversified portfolios that align with their investment goals and risk tolerance. In summary, F.I.G. Financial Advisory Services, Inc. is a fee-based investment advisory firm based in Oklahoma City, OK. The firm offers financial planning and portfolio management services to individuals and small businesses. As an investment advice-only firm, F.I.G. Financial Advisory Services, Inc. is committed to delivering unbiased advice and helping clients make informed investment decisions.
F.I.G. Financial Advisory Services, Inc. caters to a wide range of clients with varying financial needs. The firm serves individuals who require assistance in managing their personal finances, as well as high net worth individuals who seek more customized and specialized services. F.I.G. approaches each client with a unique perspective, recognizing that each has their own financial objectives, investment goals, and risk tolerance levels. In terms of fee structures, clients may be charged based on the assets under management (AUM). A percentage of clients' AUM is charged to cover ongoing investment management services. The fee structure varies from client to client, depending on the level of service provided. F.I.G. Financial Advisory Services, Inc. is committed to providing clients with transparent fee structures, ensuring that clients fully understand the costs and charges that are associated with their investments. As a trusted partner in financial planning and investment management, F.I.G. provides expert advice, tailored solutions, and comprehensive services to help all clients achieve their financial goals.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for F.I.G. Financial Advisory Services, Inc. does not mention an investment minimum.
How This Office Can Help Oklahoma County, OK Residents
F.I.G. Financial Advisory Services, Inc is a full-service financial advisory firm that offers personalized financial planning and investment services to clients in Oklahoma County, OK. Their team of experienced advisors works closely with clients to understand their specific financial goals and develop a comprehensive plan to help them achieve those goals. They provide a wide range of financial services such as retirement planning, investment management, asset allocation, tax planning, estate planning, and insurance planning. Individuals living in Oklahoma County, OK may face various financial situations, such as saving for retirement, managing debt, saving for their children's college education, managing investments, or dealing with unexpected life events such as divorce or a sudden loss of income. F.I.G. Financial Advisory Services, Inc helps clients navigate these financial situations by providing expert advice, customized financial plans, and ongoing support to ensure clients stay on track to achieving their financial goals. Whatever the financial goals of a client may be, F.I.G. Financial Advisory Services, Inc is committed to providing individualized financial planning services that are tailored to each client's unique needs.
Services Offered by F.i.g. Financial Advisory Services, Inc.
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by F.i.g. Financial Advisory Services, Inc. most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 8 AM–4:30 PM
- Tue 8 AM–4:30 PM
- Wed 8 AM–4:30 PM
- Thu 8 AM–4:30 PM
- Fri 8 AM–3 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
F.i.g. Financial Advisory Services, Inc. is registered to service clients in the following states:
- Colorado
- Oklahoma
- Texas
Disciplinary History
F.i.g. Financial Advisory Services, Inc. does not have any disclosures. Please visit it's Form ADV for more details.