Oldfather Financial Services LLC (Kearney)

Name: Oldfather Financial Services LLC
Address: 2033 Central Avenue, Kearney, NE, 68847
Telephone: 308-237-4571

Oldfather Financial Services LLC is a large advisory firm based in Kearney. It manages $196.24 million of regulatory assets for 331 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Nebraska and Texas.

Oldfather Financial Services provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Oldfather Financial Services: assets under management

The assets under management (AUM) of Oldfather Financial Services LLC is $196.24 million. The firm's AUM has grown by 448% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $188.55 million in discretionary accounts and $7.69 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $643.52 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $202.41 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Oldfather Financial Services LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Oldfather Financial Services serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Oldfather Financial Services is individuals with 319 clients and $118.75 million of assets under management. Among the 12 most similar advisory firms, Oldfather Financial Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $196.24 million for 328 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.

Oldfather Financial Services doesn't advise any private funds.

Careers at Oldfather Financial Services LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Alan Oldfather	Sole member	1 Jun 2008	75% - 100%	1958267

Based in Kearney

The principal office where Oldfather Financial Services LLC performs its advisory services is located at 2033 Central Avenue, Kearney, NE 68847 The mailing address of the firm is P.O Box 1775, Kearney, NE 68848 1775. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 308-237-4571 or by fax 308-237-7679. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at oldfatherfinancial.com.