Erben Associates, LLC (Austin)

Name: Erben Associates, LLC
Address: 300 Beardsley Lane, Bldg. D, Austin, TX, 78746
Telephone: 512-402-0250

Erben Associates, LLC is a large advisory firm based in Austin. It manages $131.31 million of regulatory assets for 77 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, Colorado, Georgia, Puerto Rico, and Texas.

Erben Associates provides financial planning services, pension consulting services, selection of other advisers, and consulting; third party adviser search and monitoring. It prepares financial plans for more than 25 clients. On top of advisory services, the firm also engages as consulting.

Erben Associates: assets under management

The assets under management (AUM) of Erben Associates, LLC is $131.31 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $131.31 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.71 million each.

Investments

The firm invests in exchange traded securities the most. They account for 79% of the total AUM. The second-largest asset type is state and local bonds, which make up 11% of the firm’s portfolio. Investments in pooled investment vehicles form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Erben Associates, LLC for their services and products based on fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Erben Associates 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 Erben Associates is high net worth individuals with 37 clients and $112.81 million of assets under management. Among the 11 most similar advisory firms, Erben Associates has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $131.31 million for 72 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.

Erben Associates doesn't advise any private funds.

Careers at Erben Associates, LLC

The company employs 13 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 6 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Beaton Erben	Managing member	1 Mar 2006	75% - 100%	2284879
Kelly Ann Wright	Director of managed assets and compliance officer	1 Jan 2010	Other	5080031
Brittany Kathrine Worrell	Chief compliance officer & client services manager	1 Nov 2017	Other	6134676

Based in Austin

The principal office where Erben Associates, LLC performs its advisory services is located at 300 Beardsley Lane, Bldg. D, Austin, TX 78746, which is also the mailing address of the firm. An additional office of the firm is in Waco, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 512-402-0250 or by fax 512-402-0381. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at erbenassociates.com.