Jbr Co. Financial Management Inc. (Ardmore)

Name: Jbr Co. Financial Management Inc.
Address: 130 D Street Nw, Ardmore, OK, 73401
Telephone: 580-226-4058

Jbr Co. Financial Management Inc. is a large advisory firm based in Ardmore. It manages $139 million of regulatory assets for 414 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Louisiana, Oklahoma, and Texas.

Jbr Co. Financial Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Jbr Co. Financial Management: assets under management

The assets under management (AUM) of Jbr Co. Financial Management Inc. is $139 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 39% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $139 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $335.75 thousand each.

Jbr Co. Financial Management has custody of $18.31 million in cash and securities for 24 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 35% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 20% of the firm’s portfolio. Investments in exchange traded securities form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Jbr Co. Financial Management 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 Jbr Co. Financial Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Jbr Co. Financial Management is high net worth individuals with 26 clients and $62.65 million of assets under management. Among the 9 most similar advisory firms, Jbr Co. Financial Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $139 million for 414 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.

Jbr Co. Financial Management doesn't advise any private funds.

Careers at Jbr Co. Financial Management Inc.

The company employs 4 people that are either part- or full-time employees. 100 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jbr Co. Financial Management Inc. is owned by Michael Wayne Whitson. Jack Berton Riley joined the executive team most recently as the Owner, Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jack Berton Riley	Owner, cco	1 May 1997	50% - 75%	2832573
Michael Wayne Whitson	Owner	1 Jul 2012	25% - 50%	5859936

Based in Ardmore

The principal office where Jbr Co. Financial Management Inc. performs its advisory services is located at 130 D Street Nw, Ardmore, OK 73401, 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 580-226-4058 or by fax 580-798-0810. The normal business hours are 8am to 5 pm on Monday - Friday. You can find more information about the New York firm at fmiardmore.com.