The Watchman Group, Inc. (Plano)

Name: The Watchman Group, Inc.
Address: 5045 Lorimar Drive, Plano, TX, 75093
Telephone: 469-241-0122

The Watchman Group, Inc. is a large advisory firm based in Plano. It manages $227.31 million of regulatory assets for 529 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Louisiana, North Carolina, and Texas.

The Watchman Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Watchman Group: assets under management

The assets under management (AUM) of The Watchman Group, Inc. is $227.31 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 251% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $227.31 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $429.7 thousand each.

The Watchman Group has custody of $99.15 million in cash and securities for 115 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 18% of the firm’s portfolio. Investments in state and local bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Watchman Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 The Watchman Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of The Watchman Group is high net worth individuals with 59 clients and $180.49 million of assets under management. Among the 12 most similar advisory firms, The Watchman Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $227.31 million for 186 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 Watchman Group doesn't advise any private funds.

Careers at The Watchman Group, Inc.

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 6 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
Mark Glenhelm Robinson	President / chief compliance officer	1 Oct 2004	50% - 75%	2613001
Janell Leigh Robinson	Shareholder	1 Oct 2004	50% - 75%	4896941

Based in Plano

The principal office where The Watchman Group, Inc. performs its advisory services is located at 5045 Lorimar Drive, Plano, TX 75093, 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 469-241-0122 or by fax 469-718-0443. The normal business hours are 8:30 - 5:00 ct on Monday - Friday. You can find more information about the New York firm at watchmangroup.com.