Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Oneascent Wealth Management Overview
OneAscent Wealth Management is a fee only registered investment advisory firm that specializes in investment advice only. The firm is headquartered in Birmingham, AL and has been in business since 2020. Their core services include financial planning, portfolio management for individuals and small businesses, portfolio management for businesses or institutional clients, and the selection of other advisors. In addition to their investment advisory services, OneAscent Wealth Management places a strong emphasis on personalized portfolio management and financial planning to help clients achieve their financial goals. Their team of experienced advisors utilizes a variety of investment strategies to develop tailored portfolios that are designed to meet each client's unique needs and preferences. OneAscent Wealth Management works with clients across all life stages, from young professionals just starting out to retirees looking to preserve their wealth. With a focus on building long-term relationships, the firm is committed to providing exceptional service and guidance to help clients navigate the complexities of the financial landscape and achieve lasting financial success.
OneAscent Wealth Management has an extensive range of clients, including individuals, high net worth individuals, charitable organizations, and other corporations not listed. Regardless of the type of client, OneAscent provides comprehensive wealth management services to help clients secure a prosperous financial future. To ensure that clients get the right value for their personalized services, OneAscent offers flexible fee structures based on the service provided. One of the recommended fees is a percentage of assets under management (AUM), which is often a standard practice in the industry. Additionally, clients can opt for an hourly fee structure or a fixed fee depending on their preference and the nature of the service provided. The firm is committed to facilitating the most profitable financial journey for each client with a clear and concise fee agreement.
Typical Clients, Fee Structures & Investment Minimum
According to OneAscent Wealth Management's Part 2 Brochure, the firm does not have a specified minimum account size. However, some clients who want to access multiple asset management styles, particularly third party managers, may be required to meet an account minimum. Therefore, it is possible that there may be an investment minimum for certain clients, depending on their investment objectives and desired portfolio composition.
How This Office Can Help Brevard County, FL Residents
James Van Metter & Associates provides comprehensive financial planning services to clients in Bronxville, NY. With a keen focus on personalized advice and long-term wealth management, the firm assists clients in navigating complex financial situations. Residents of Bronxville may face a range of unique financial challenges, such as managing high living expenses, planning for retirement, and preserving wealth for future generations. James Van Metter & Associates works closely with clients to develop customized investment strategies that meet their specific needs and goals. The firm also offers comprehensive retirement planning services, estate planning, and tax planning assistance to help individuals and families achieve financial security and peace of mind. Overall, James Van Metter & Associates provides valuable financial guidance to clients in Bronxville, NY, helping them navigate the complexities of wealth management with confidence and ease.
Services Offered by Oneascent Wealth Management
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 Oneascent Wealth Management 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.
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.
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.
Unavailable
Subscription (Newsletter or Periodical)
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
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Oneascent Wealth Management is registered to service clients in the following states:
- Alabama
- California
- Colorado
- Florida
- Georgia
- Kentucky
- Louisiana
- Mississippi
- North Carolina
- Pennsylvania
- South Carolina
- Tennessee
- Texas
- Virginia
Disciplinary History
Oneascent Wealth Management does not have any disclosures. Please visit it's Form ADV for more details.