Ofi SteeLPath, Inc. (Dallas)

Ofi SteeLPath, Inc. is a large advisory firm based in Dallas. It manages $10.96 billion of regulatory assets for 55 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Ofi SteeLPath provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.

Ofi SteeLPath: assets under management

The assets under management (AUM) of Ofi SteeLPath, Inc. is $10.96 billion. The firm's AUM has grown by 237% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $10.93 billion in discretionary accounts and $27.58 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $202.42 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $27.58 million.

Ofi SteeLPath has custody of $116.6 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ofi SteeLPath, 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 David Matthew Pfeffer serves?

The firm provides services to investment companies, high net worth individuals, and pooled investment vehicles. The largest group of clients of David Matthew Pfeffer is investment companies with 8 clients and $10.38 billion of assets under management. Among the 10 most similar advisory firms, Ofi SteeLPath has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $10.71 billion for 51 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.

Ofi SteeLPath also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Ofi SteeLPath, Inc.

The company employs 19 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Matthew Pfeffer has been acting as President since 1 Dec 2009. Lisa Ann Cook joined the executive team most recently as the Head Of Sma Client Services.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 9 indirect owners.

Based in Dallas

The principal office where Ofi SteeLPath, Inc. performs its advisory services is located at 2100 Mckinney Avenue, Suite 1401, Dallas, TX 75201, 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 214-740-6040 or by fax 214-740-6041. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at oppenheimerfunds.com.

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