Titleist Asset Management, Ltd. (San Antonio)


Titleist Asset Management, Ltd. is a large advisory firm based in San Antonio. It manages $339.93 million of regulatory assets for 1,477 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arkansas, Iowa, New York, and Texas.

Titleist Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Titleist Asset Management: assets under management

The assets under management (AUM) of Titleist Asset Management, Ltd. is $339.93 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 67% since the beginning of its operation, and $19.98 million of the total AUM is attributable to clients outside of the United States.

The firm manages $339.93 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $230.15 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 54% of the total AUM. The second-largest asset type is exchange traded securities, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Titleist Asset Management, Ltd. for their services and products based on a percentage of assets under management, fixed fees, and commissions. 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 Titleist Asset Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Titleist Asset Management is individuals with 1,152 clients and $202.05 million of assets under management. Among the 9 most similar advisory firms, Titleist Asset Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $331.98 million for 1,495 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 6% of the firm’s clients are foreign persons or businesses.

Titleist Asset Management doesn't advise any private funds.

Careers at Titleist Asset Management, Ltd.

The company employs 29 people that are either part- or full-time employees. 66 percent of the employees work as investment advisers or researchers. 5 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
Fields And Obanion Investment L.L.C. Owner/general partner 1 Jan 2003 Other 48-1299491
Byron Lucien Fields Limited partner 1 Jan 2003 50% - 75% 4227890
Greg Thompson Limited partner 1 Mar 2012 Other 4233655
Russell Clark King Limited partner 1 Mar 2012 Other 4601106
Kevin Mcclain Harris Managing member 1 Jan 2015 Other xxx-xx-xxxx
Leon Anthony Mimari Chief compliance officer 1 Oct 2015 Other 5102749
Carl Lance Huntley Chief compliance officer 1 May 2019 Other 2689997

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Joe Ben O'banion Managing member, cco 1 Jan 2003 Other 3030302

Based in San Antonio

The principal office where Titleist Asset Management, Ltd. performs its advisory services is located at 777 E. Sonterra Blvd., San Antonio, TX 78258, which is also the mailing address of the firm. An additional office of the firm is in Austin, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 210.826.2424 or by fax 210.579.7177. The normal business hours are 8a.m. to 5p.m. on Monday - Friday. You can find more information about the New York firm at titleistassetmanagement.com.