Empiric Institutional, LLC (Austin)

Empiric Institutional, LLC is a related adviser based in Austin. It manages $834.64 thousand of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Texas.

Empiric Institutional 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.

Empiric Institutional: assets under management

The assets under management (AUM) of Empiric Institutional, LLC is $834.64 thousand, all of which is managed in discretionary accounts. The firm's AUM has grown by 65% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $834.64 thousand in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $139.11 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Empiric Institutional, 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 Empiric Institutional serves?

The only and largest group of clients of Empiric Institutional is high net worth individuals with 3 clients and $834.64 thousand of assets under management. Among the 2 most similar advisory firms, Empiric Institutional has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $834.64 thousand for 3 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 Institutional doesn't advise any private funds.

Careers at Empiric Institutional, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gabriel Jason Rodriguez	Managing director, member	1 May 2012	50% - 75%	5165720
Heather Mcashan Taute	Chief compliance officer, operations manager	1 May 2012	Other	5242318
Longchamp Limited Partners	Member	1 May 2012	25% - 50%	74-2872915
Heather Lauren Mcashan	Chief compliance officer, operations manager	1 May 2012	Other	5242318

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 Institutional, LLC 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 512-583-0160 or by fax 512-328-9809. The normal business hours are 8:30am-4:30pm cst on Monday - Friday.