Epic Wealth Management, LLC (Oklahoma City)

Name: Epic Wealth Management, LLC
Address: 6301 Waterford Blvd, Oklahoma City, OK, 73118
Telephone: 405-257-0301

Epic Wealth Management, LLC is a large advisory firm based in Oklahoma City. It manages $115.66 million of regulatory assets for 596 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Florida, Oklahoma, and Texas.

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

Epic Wealth Management: assets under management

The assets under management (AUM) of Epic Wealth Management, LLC is $115.66 million. The firm's AUM has gone down by -1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $107.58 million in discretionary accounts and $8.08 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $222.28 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $72.15 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 53% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 16% of the firm’s portfolio. Investments in exchange traded securities form 11% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Epic Wealth Management, LLC 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 Epic Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Epic Wealth Management is high net worth individuals with 26 clients and $58.8 million of assets under management. Among the 9 most similar advisory firms, Epic Wealth Management has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $115.66 million for 175 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.

Epic Wealth Management doesn't advise any private funds.

Careers at Epic Wealth Management, LLC

The company employs 3 people that are either part- or full-time employees. 67 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 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
Llc Reign Capital Partners	Owner	1 Jul 2018	75% - 100%	83-0620100

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Rick Marlon Hadrava	Managing member/ chief compliance officer	1 Jul 2018	50% - 75%	2405743
Valery Lynn Oswald	Managing partner	1 Jul 2018	50% - 75%	1997347

Based in Oklahoma City

The principal office where Epic Wealth Management, LLC performs its advisory services is located at 6301 Waterford Blvd, Oklahoma City, OK 73118, 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 405-257-0301 or by fax 405-416-5242. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at epicwmg.com.