Empiric Advisors, Inc. (Austin)

Name: Empiric Advisors, Inc.
Address: 500 N Capital Of Texas Hwy, Austin, TX, 78746
Telephone: 512-328-9321

Empiric Advisors, Inc. is an investment adviser to an investment company based in Austin. It manages $46.39 million of regulatory assets for 33 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Texas.

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

Empiric Advisors: assets under management

The assets under management (AUM) of Empiric Advisors, Inc. is $46.39 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -52% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $46.39 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.41 million each.

Investments

The firm invests in exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Empiric Advisors, Inc. 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 Mark Allen Coffelt serves?

The firm provides services to individuals, investment companies, and high net worth individuals. The largest group of clients of Mark Allen Coffelt is investment companies with 1 clients and $23.39 million of assets under management. Among the 1 most similar advisory firms, Empiric Advisors has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $46.39 million for 20 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.

Empiric Advisors doesn't advise any private funds.

Careers at Empiric Advisors, Inc.

The company employs 3 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.

Mark Allen Coffelt has been acting as President since 1 Oct 1987. Gabriel Jason Rodriguez joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Allen Coffelt	President	1 Oct 1987	Other	1876477
Long Champ Limited Partnership	Shareholder	1 Sep 1997	75% - 100%	74-2872915
Heather Mcashan Taute	Chief compliance officer	1 Oct 2006	Other	5242318
Heather Lauren Mcashan	Chief compliance officer	1 Oct 2006	Other	5242318
Gabriel Jason Rodriguez	Chief compliance officer	1 Jan 2018	Other	5165720

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mark Allen Coffelt	Partner	1 Sep 1997	Other	1876477
Loren Mark Coffelt	Partner	1 Sep 1997	25% - 50%	4506345
Nicholas James Coffelt	Partner	1 Sep 1997	25% - 50%	4506367
Jane Yaussy Coffelt	Partner	1 Sep 1997	Other	4504486

Based in Austin

The principal office where Empiric Advisors, Inc. performs its advisory services is located at 500 N Capital Of Texas Hwy, Austin, TX 78746, 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 512-328-9321 or by fax 512-328-9809. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at empiricadvisors.com.