Iomnivest LLC (Austin)

Name: Iomnivest LLC
Address: 9111 Jollyville Rd, Austin, TX, 78759
Telephone: 512 345 2545

Iomnivest LLC is an internet adviser based in Austin. It manages $183.38 thousand of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Texas.

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

Iomnivest: assets under management

The assets under management (AUM) of Iomnivest LLC is $183.38 thousand, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $183.38 thousand in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $61.13 thousand each.

Investments

The firm invests in cash and cash equivalents the most. They account for 99% of the total AUM. The second-largest asset type is exchange traded securities, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Iomnivest LLC for their services and products based on a percentage of assets under management and performance-based fees. 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 Iomnivest serves?

The only and largest group of clients of Iomnivest is high net worth individuals with 0 clients and $183.38 thousand of assets under management. Among the 2 most similar advisory firms, Iomnivest has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $183.38 thousand for 0 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.

Iomnivest doesn't advise any private funds.

Careers at Iomnivest LLC

The company employs 2 people that are either part- or full-time employees. 100 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
Omnivest Institutional Llc	Member	1 Aug 2017	75% - 100%	82-1825076
Haskell Edward Downs Ii	Chief compliance officer	1 Sep 2017	Other	6863435

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Vista Azul Holdings Llc	Member	1 Aug 2017	25% - 50%	81-1898438
Haskell Edward Downs Ii	Member	1 Aug 2017	25% - 50%	6863435

Based in Austin

The principal office where Iomnivest LLC performs its advisory services is located at 9111 Jollyville Rd, Austin, TX 78759, 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 512 345 2545 or by fax 512-345-4225. The normal business hours are not applicable - office visits by appointment only on Other. You can find more information about the New York firm at iomnivest.com.