Wfg Advisors, LP (Dallas)


Wfg Advisors, LP is a large advisory firm based in Dallas. It manages $1.5 billion of regulatory assets for 8,500 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Wfg Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 600 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wfg Advisors: assets under management

The assets under management (AUM) of Wfg Advisors, LP is $1.5 billion. The firm's AUM has grown by 226018000% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.43 billion in discretionary accounts and $68.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $174.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $224.59 thousand.

Fees & Commissions

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

Careers at Wfg Advisors, LP

David Wilson Williams has been acting as President since 1 Sep 2007. Robert Philip Schlangen joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Wilson Henry Williams President 1 Nov 2002 Other 834161
Suzanne Michelle Dowdy Chief operating office 1 Nov 2002 Other 1129823
Donald William Sterling Financial operations principal 1 Nov 2002 Other 1192425
Dagny Wright Young Chief compliance officer 1 Nov 2002 Other 2050615
Inc. Wfg Holding Owner of wfg advisors i, inc. 1 Nov 2002 75% - 100% 75-2778972
Inc. Wfg Advisors I General partner of wfg advisors, lp 1 Nov 2002 Other 03-0509856
Inc. Wfg Advisors 1 Limited partner 1 Apr 2003 Other 03-0509856
David Wilson Williams President 1 Sep 2007 Other 4178982
Varkey John Financial operations principal 1 Apr 2008 Other 4530162
Darla Garee Wilton Director of advisor services 1 Sep 2008 Other 712257
Craig Allen Love Director/manager of advisor services 1 Sep 2008 Other 712257
Carie Marie Heckler Chief compliance officer, wfg advisors, lp 1 Dec 2010 Other 4557559
Dagny Wright Young Chief compliance officer 1 Dec 2011 Other 2050615
Claude Rufus Connelly Chief operating officer 1 Dec 2012 Other 4501166
Inc. Williams Financial Group General partner 1 Apr 2013 75% - 100% 75-2778972
Judith Anne Knudsen Chief compliance officer 1 May 2013 Other 2335086
Edward Richard Kern Chief financial officer 1 Feb 2014 Other 4364143
David Wilson Williams Chief compliance officer 1 Feb 2014 Other 2335086
Judith Anne Knudsen Chief compliance officer 1 Feb 2014 Other 2335086
Thomas David Kowalczyk Senior vice president 1 Mar 2014 Other 5630382
Edward Kern Chief financial officer 1 Mar 2014 Other 4530162
Robert Philip Schlangen Chief compliance officer 1 Aug 2014 Other 2939848

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
W.H. Williams Family L.P. Owner 1 Nov 2002 75% - 100% 75-2803663

Based in Dallas

The principal office where Wfg Advisors, LP performs its advisory services is located at 2711 N Haskell Ave, Dallas, TX 75204, 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 972-661-8700 or by fax 972-354-4434. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at williams-financial.com.