Onek Financial, Inc. is a multi-state adviser based in Baltimore. It manages $43.7 million of regulatory assets for 405 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Connecticut, and 25 other states.
Onek Financial provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Onek Financial, Inc. is $43.7 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 90% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Onek Financial, 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Charles Michael Roame is individuals with 151 clients and $27.48 million of assets under management. Among the 1 most similar advisory firms, Onek Financial has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $43.7 million for 163 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.
Onek Financial doesn't advise any private funds.
The company employs 46 people that are either part- or full-time employees. 26 percent of the employees work as investment advisers or researchers. 14 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
Charles Michael Roame has been acting as President since 1 Aug 2018. Jeffrey Scott Stein joined the executive team most recently as the Director.
The principal office where Onek Financial, Inc. performs its advisory services is located at 509 S. Exeter Street, Baltimore, MD 21202, which is also the mailing address of the firm. An additional office of the firm is in Bethesda, MD. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 410-657-3257. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at facetwealth.com.