Fiduciary Financial Services Of The Southwest Inc (Dallas)


Fiduciary Financial Services Of The Southwest Inc is a large advisory firm based in Dallas. It manages $404.99 million of regulatory assets for 747 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, Arkansas, California, and 22 other states.

Fiduciary Financial Services Of The Southwest provides financial planning services, portfolio management for individuals and small businesses, and see schedule d - misc. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fiduciary Financial Services Of The Southwest: assets under management

The assets under management (AUM) of Fiduciary Financial Services Of The Southwest Inc is $404.99 million. The firm's AUM has grown by 42% since the beginning of its operation, and $2.37 million of the total AUM is attributable to clients outside of the United States.

The firm manages $403.62 million in discretionary accounts and $1.37 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $542.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $456.07 thousand.
Fiduciary Financial Services Of The Southwest has custody of $26.29 million in cash and securities for 19 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in investment and business development companies form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fiduciary Financial Services Of The Southwest Inc for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Paul Hesse Welch serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Paul Hesse Welch is individuals with 318 clients and $270.17 million of assets under management. Among the 9 most similar advisory firms, Fiduciary Financial Services Of The Southwest has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $404.99 million for 349 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Fiduciary Financial Services Of The Southwest doesn't advise any private funds.

Careers at Fiduciary Financial Services Of The Southwest Inc

The company employs 9 people that are either part- or full-time employees. 44 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.

Paul Hesse Welch has been acting as President since 1 Apr 1990. Joseph Robert Crane joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Paul Hesse Welch Chairman of the investment strategy committee/director/shareholder/trustee for ffss esop & bypass trusts 1 Apr 1990 75% - 100% 462750
Donald Wayne Mccoy Sr vice president/director/shareholder 1 Apr 1990 Other 1010299
Sondra June Wilson Director 1 Jul 1992 Other 4362550
Kathy Staples Boobar Chairman of the board/president/director 1 Apr 1998 Other 4362556
Fiduciary Financial Services Of The Southwest Employee Stock Ownership Plan And Trust Trust 1 Jul 1999 25% - 50% 75-2767631
Fiduciary Financial Servies Of The Southwest Employee Stock Ownership Plan And Trust Trust 1 Jul 1999 Other 75-2767631
Paul Hesse Welch Trustee for ffss esop 1 Jul 1999 50% - 75% 462750
Phi Quy Duong Director of compliance/chief compliance officer 1 Feb 2006 Other 2586067
Richard Alan Wright Vice president/director 1 Apr 2006 Other 4543246
Clarissa Leigh Risner Coo/director 1 May 2007 Other 5355604
Bypass Trust Uta Welch Family Trust Trust 1 Mar 2015 Other 46-7303061
Inc Wunderlich Investment Company Shareholder 1 May 2015 75% - 100% 67-1720109
James Anthony Parrish Director 1 May 2015 Other 1421066
Stephen Joseph Bonnema Director 1 May 2015 Other 2229865
Inc. Wunderlich Investment Company Shareholder 1 May 2015 75% - 100% 67-1720109
Inc. B. Riley Wealth Management Holdings Shareholder 1 May 2015 75% - 100% 67-1720109
Henry Sanchez Chief compliance officer 1 Jul 2017 Other 4711576
Nolan Blake Hughes Chief compliance officer 1 Mar 2018 Other 5010510
Michael John Gavett Chief operating officer/ portfolio manager 1 May 2018 Other 2690175
Joseph Robert Crane Chief compliance officer 1 Feb 2019 Other 5390103

Indirect Owners

The SEC currently registers 9 indirect owners.

Name Entity Date acquired Ownership Employer ID
Coil Investment Group As Shareholder 1 Oct 2007 25% - 50% foreign entity
Alfred Ydsteb Shareholder 1 Oct 2007 25% - 50% 5489289
Inc Coil Us Holding Shareholder 1 Dec 2007 25% - 50% 26-1493068
Inc. B. Riley Financial Parent 1 Jul 2014 75% - 100% 27-0223495
Llc Acp Bd Investments Shareholder 1 Apr 2015 25% - 50% 80-0964953
Lp Acp Bd Investments Holdings Member 1 Apr 2015 75% - 100% 61-1734533
Lp Acp Investment Fund Ii A Partner 1 Apr 2015 50% - 75% 98-1140445
Lp Acp Investment Fund Ii Partner 1 Apr 2015 25% - 50% 98-1140723
Acp Investment Fund Managment Llc General partner 1 Apr 2015 Other 27-4740697

Based in Dallas

The principal office where Fiduciary Financial Services Of The Southwest Inc performs its advisory services is located at 13155 Noel Road, Dallas, TX 75240 5040, 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 972-934-9070 or by fax 972-934-8718. The normal business hours are 8:30 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at ffss.net.