Omc Financial Services Ltd (Dewitt)

Name: Omc Financial Services Ltd
Address: 5789 Widewaters Parkway, Dewitt, NY, 13214
Telephone: 315-446-8720

Omc Financial Services Ltd is a large advisory firm based in Dewitt. It manages $131.36 million of regulatory assets for 492 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, New York, and Texas.

Omc Financial Services 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.

Omc Financial Services: assets under management

The assets under management (AUM) of Omc Financial Services Ltd is $131.36 million. The firm's AUM has grown by 198% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $131.22 million in discretionary accounts and $135.06 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $267.8 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $67.53 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is investment and business development companies, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Omc Financial Services Ltd for their services and products based on a percentage of assets under management and hourly charges. 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 Omc Financial Services serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Omc Financial Services is high net worth individuals with 55 clients and $69.78 million of assets under management. Among the 11 most similar advisory firms, Omc Financial Services has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $131.36 million for 278 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.

Omc Financial Services doesn't advise any private funds.

Careers at Omc Financial Services Ltd

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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
Cynthia Ann Scott	President and chief compliance officer	1 Jun 1985	75% - 100%	734770

Based in Dewitt

The principal office where Omc Financial Services Ltd performs its advisory services is located at 5789 Widewaters Parkway, Dewitt, NY 13214, 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 315-446-8720 or by fax 315-446-5936. The normal business hours are 8:30 a.m.-4:30 p.m. on Monday - Friday. You can find more information about the New York firm at omcfinance.com.