Texas Capital Bank Wealth Management Services, Inc. (Dallas)

Texas Capital Bank Wealth Management Services, Inc. is a large advisory firm based in Dallas. It manages $1.11 billion of regulatory assets for 1,112 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Florida, Louisiana, and Texas.

Texas Capital Bank Wealth Management Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Texas Capital Bank Wealth Management Services: assets under management

The assets under management (AUM) of Texas Capital Bank Wealth Management Services, Inc. is $1.11 billion. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $993.21 million in discretionary accounts and $116.23 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.15 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $470.58 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 38% of the total AUM. The second-largest asset type is investment and business development companies, which make up 23% of the firm’s portfolio. Investments in state and local bonds form 23% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Texas Capital Bank Wealth Management Services, Inc. for their services and products based on a percentage of assets under management. 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 James Daniel Recer serves?

The firm provides services to insurance companies, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of James Daniel Recer is high net worth individuals with 362 clients and $871.26 million of assets under management. Among the 9 most similar advisory firms, Texas Capital Bank Wealth Management Services has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.11 billion for 410 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.

Texas Capital Bank Wealth Management Services doesn't advise any private funds.

Careers at Texas Capital Bank Wealth Management Services, Inc.

The company employs 22 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 16 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 receive compensation from other entities for client referrals.

James Daniel Recer has been acting as President since 1 Apr 2018. James Steven Orr joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 1 indirect owner.

Based in Dallas

The principal office where Texas Capital Bank Wealth Management Services, Inc. performs its advisory services is located at 2000 Mckinney Avenue, Dallas, TX 75201, which is also the mailing address of the firm. An additional office of the firm is in Houston, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-210-3092 or by fax 214-932-6683. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at texascapitalbank.com/what-we-offer/private-wealth-solutions.

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