H.D. Vest Advisory Services, Inc (Irving)

H.D. Vest Advisory Services provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, educational seminars and workshops, and participant enrollment meetings. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

H.D. Vest Advisory Services: assets under management

The assets under management (AUM) of H.D. Vest Advisory Services, Inc is $12.54 billion. The firm's AUM has grown by 505% since the beginning of its operation, and $996.5 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $5.54 billion in discretionary accounts and $7 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $188.03 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $219.59 thousand.

H.D. Vest Advisory Services has custody of $12.53 billion in cash and securities for 42,205 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 73% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in state and local bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay H.D. Vest Advisory Services, Inc for their services and products based on a percentage of assets under management, fixed fees, and commissions. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Roger Carlton Ochs serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Roger Carlton Ochs is individuals with 39,301 clients and $8.25 billion of assets under management. Among the 8 most similar advisory firms, H.D. Vest Advisory Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $12.54 billion for 42,216 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

H.D. Vest Advisory Services doesn't advise any private funds.

Careers at H.D. Vest Advisory Services, Inc

The company employs 1,982 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 1,792 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Roger Carlton Ochs has been acting as President since 1 Apr 2003. Steven Michael Watkins joined the executive team most recently as the Assistant Secretary.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 9 indirect owners.

Based in Irving

The principal office where H.D. Vest Advisory Services, Inc performs its advisory services is located at 6333 North State Highway 161, Irving, TX 75038, which is also the mailing address of the firm. An additional office of the firm is in Corvallis, OR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 972-870-6000 or by fax 972-870-6344. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at hdvest.com.

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