Okabena Investment Services Inc is a large advisory firm based in Minneapolis. It manages $1.38 billion of regulatory assets for 198 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Massachusetts, Minnesota, and 4 other states.
Okabena Investment Services provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and portfolio management for family llcs and lps. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Okabena Investment Services Inc is $1.38 billion. The firm's AUM has gone down by -2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Okabena Investment 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of James Heywood Field is pooled investment vehicles with 12 clients and $1.2 billion of assets under management. Among the 9 most similar advisory firms, Okabena Investment Services has the 4th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.28 billion for 200 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.
Okabena Investment Services also advises several private funds. Namely, ten hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 14 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.
James Heywood Field has been acting as President since 1 Sep 2018. Thomas Butler Doran joined the executive team most recently as the Director (08/2019), Senior Client Relationship Manager.
The principal office where Okabena Investment Services Inc performs its advisory services is located at 1800 Ids Center, Minneapolis, MN 55402 4523, 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 612-339-7151 or by fax 612-217-6246. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at okabena.com.