Fiduciary Financial Services Of The Southwest Inc (Dallas)

Name: Fiduciary Financial Services Of The Southwest Inc
Address: 13155 Noel Road, Dallas, TX, 75240 5040
Telephone: 972-934-9070

Fiduciary Financial Services Of The Southwest Inc is a large advisory firm based in Dallas. It manages $404.99 million of regulatory assets for 747 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, Arkansas, California, and 22 other states.

Fiduciary Financial Services Of The Southwest provides financial planning services, portfolio management for individuals and small businesses, and see schedule d - misc. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fiduciary Financial Services Of The Southwest: assets under management

The assets under management (AUM) of Fiduciary Financial Services Of The Southwest Inc is $404.99 million. The firm's AUM has grown by 42% since the beginning of its operation, and $2.37 million of the total AUM is attributable to clients outside of the United States.

The firm manages $403.62 million in discretionary accounts and $1.37 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $542.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $456.07 thousand.

Fiduciary Financial Services Of The Southwest has custody of $26.29 million in cash and securities for 19 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in investment and business development companies form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fiduciary Financial Services Of The Southwest Inc for their services and products based on a percentage of assets under management and fixed fees. 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 Paul Hesse Welch serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Paul Hesse Welch is individuals with 318 clients and $270.17 million of assets under management. Among the 9 most similar advisory firms, Fiduciary Financial Services Of The Southwest has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $404.99 million for 349 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Fiduciary Financial Services Of The Southwest doesn't advise any private funds.

Careers at Fiduciary Financial Services Of The Southwest Inc

The company employs 9 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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 don’t receive compensation from other entities for client referrals.

Paul Hesse Welch has been acting as President since 1 Apr 1990. Joseph Robert Crane joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul Hesse Welch	Chairman of the investment strategy committee/director/shareholder/trustee for ffss esop & bypass trusts	1 Apr 1990	75% - 100%	462750
Donald Wayne Mccoy	Sr vice president/director/shareholder	1 Apr 1990	Other	1010299
Sondra June Wilson	Director	1 Jul 1992	Other	4362550
Kathy Staples Boobar	Chairman of the board/president/director	1 Apr 1998	Other	4362556
Fiduciary Financial Services Of The Southwest Employee Stock Ownership Plan And Trust	Trust	1 Jul 1999	25% - 50%	75-2767631
Fiduciary Financial Servies Of The Southwest Employee Stock Ownership Plan And Trust	Trust	1 Jul 1999	Other	75-2767631
Paul Hesse Welch	Trustee for ffss esop	1 Jul 1999	50% - 75%	462750
Phi Quy Duong	Director of compliance/chief compliance officer	1 Feb 2006	Other	2586067
Richard Alan Wright	Vice president/director	1 Apr 2006	Other	4543246
Clarissa Leigh Risner	Coo/director	1 May 2007	Other	5355604
Bypass Trust Uta Welch Family Trust	Trust	1 Mar 2015	Other	46-7303061
Inc Wunderlich Investment Company	Shareholder	1 May 2015	75% - 100%	67-1720109
James Anthony Parrish	Director	1 May 2015	Other	1421066
Stephen Joseph Bonnema	Director	1 May 2015	Other	2229865
Inc. Wunderlich Investment Company	Shareholder	1 May 2015	75% - 100%	67-1720109
Inc. B. Riley Wealth Management Holdings	Shareholder	1 May 2015	75% - 100%	67-1720109
Henry Sanchez	Chief compliance officer	1 Jul 2017	Other	4711576
Nolan Blake Hughes	Chief compliance officer	1 Mar 2018	Other	5010510
Michael John Gavett	Chief operating officer/ portfolio manager	1 May 2018	Other	2690175
Joseph Robert Crane	Chief compliance officer	1 Feb 2019	Other	5390103

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Coil Investment Group As	Shareholder	1 Oct 2007	25% - 50%	foreign entity
Alfred Ydsteb	Shareholder	1 Oct 2007	25% - 50%	5489289
Inc Coil Us Holding	Shareholder	1 Dec 2007	25% - 50%	26-1493068
Inc. B. Riley Financial	Parent	1 Jul 2014	75% - 100%	27-0223495
Llc Acp Bd Investments	Shareholder	1 Apr 2015	25% - 50%	80-0964953
Lp Acp Bd Investments Holdings	Member	1 Apr 2015	75% - 100%	61-1734533
Lp Acp Investment Fund Ii A	Partner	1 Apr 2015	50% - 75%	98-1140445
Lp Acp Investment Fund Ii	Partner	1 Apr 2015	25% - 50%	98-1140723
Acp Investment Fund Managment Llc	General partner	1 Apr 2015	Other	27-4740697

Based in Dallas

The principal office where Fiduciary Financial Services Of The Southwest Inc performs its advisory services is located at 13155 Noel Road, Dallas, TX 75240 5040, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 972-934-9070 or by fax 972-934-8718. The normal business hours are 8:30 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at ffss.net.