The Advisory Resource Group, LLC (Tulsa)

The Advisory Resource Group, LLC is a large advisory firm based in Tulsa. It manages $442.89 million of regulatory assets for 1,948 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arkansas, Georgia, Kansas, and 4 other states.

The Advisory Resource Group provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. 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 Advisory Resource Group: assets under management

The assets under management (AUM) of The Advisory Resource Group, LLC is $442.89 million. The firm's AUM has grown by 1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $311.24 million in discretionary accounts and $131.65 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $286.06 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $153.08 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Advisory Resource Group, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients The Advisory Resource Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of The Advisory Resource Group is high net worth individuals with 145 clients and $279.53 million of assets under management. Among the 10 most similar advisory firms, The Advisory Resource Group has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $442.89 million for 699 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.

The Advisory Resource Group doesn't advise any private funds.

Careers at The Advisory Resource Group, LLC

The company employs 10 people that are either part- or full-time employees. 40 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 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
Randy Ray Steele	Managing member, chief compliance officer	1 Oct 2017	75% - 100%	2619174
Christopher Grant Brown	Chief compliance officer	1 Dec 2017	Other	4918966
Benjamin Randal Steele	Member	1 Dec 2017	75% - 100%	5194335

Based in Tulsa

The principal office where The Advisory Resource Group, LLC performs its advisory services is located at 4625 E. 91 St Street, Tulsa, OK 74137, 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 918-481-1934. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday.