Align Wealth Management, LLC (Oklahoma City)


Align Wealth Management, LLC is a large advisory firm based in Oklahoma City. It manages $305.4 million of regulatory assets for 1,022 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Florida, Oklahoma, and Texas.

Align Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Align Wealth Management: assets under management

The assets under management (AUM) of Align Wealth Management, LLC is $305.4 million. The firm's AUM has grown by 97% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $300.47 million in discretionary accounts and $4.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $303.2 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $158.94 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 93% of the total AUM. The second-largest asset type is state and local bonds, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Align Wealth Management, LLC 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 Align Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Align Wealth Management is high net worth individuals with 183 clients and $253.1 million of assets under management. Among the 8 most similar advisory firms, Align Wealth Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $305.4 million for 240 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.

Align Wealth Management doesn't advise any private funds.

Careers at Align Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
William Brian Puckett Managing member and chief compliance officer 1 Jan 1994 75% - 100% 2447457
Dennis Scott Packard Member 1 Jan 2008 Other 2898775

Based in Oklahoma City

The principal office where Align Wealth Management, LLC performs its advisory services is located at 13921 Quail Pointe Drive, Oklahoma City, OK 73134, which is also the mailing address of the firm. An additional office of the firm is in St. Petersburg, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (405) 607-4820 or by fax (405) 294-3340. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at alignmywealth.com.