Xxec Inc (Tulsa)

Name: Xxec Inc
Address: 2200 South Utica Place, Tulsa, OK, 74114
Telephone: 918-743-5959

Xxec Inc is a large advisory firm based in Tulsa. It manages $97.21 million of regulatory assets for 181 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Colorado and Oklahoma.

Xxec provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Xxec: assets under management

The assets under management (AUM) of Xxec Inc is $97.21 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 164% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $97.21 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $537.06 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 83% of the total AUM. The second-largest asset type is government bonds, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Xxec 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.

What kind of clients Xxec serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Xxec is high net worth individuals with 43 clients and $69.41 million of assets under management. Among the 9 most similar advisory firms, Xxec has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $97.21 million for 98 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.

Xxec doesn't advise any private funds.

Careers at Xxec Inc

The company employs 4 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. 2 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Katherine Tracey Michaels Johnson joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Fredric Eliot Russell	Chief executive officer	1 Aug 1984	75% - 100%	1719975
Fredric Eliot Russell	Chief compliance officer	1 Jan 1988	75% - 100%	1719975
Katherine Tracey Michaels Johnson	Chief compliance officer	1 Feb 2010	Other	5762953

Based in Tulsa

The principal office where Xxec Inc performs its advisory services is located at 2200 South Utica Place, Tulsa, OK 74114, 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 918-743-5959 or by fax 918-743-0302. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at ferimc.com.