A Fiduciary-Focused, Registered Investment Advisor
Servo Wealth Management is a Registered Investment Advisor (RIA) in Oklahoma City, Oklahoma. Servo acts as a “fiduciary,” which means we always put our clients’ best interests first. We don’t accept commissions nor do we have any of the conflicts of interest that commonly plague many firms in the financial services industry.
Servo works with clients in Oklahoma and throughout the United States. Regardless of proximity, all of our clients have important long-term financial goals and appreciate the benefits of partnering with a trusted advisor who can help them to make smarter decisions about their wealth. As of year-end 2016, we manage approximately $65,000,000 on behalf of 35 individuals and families.
Eric Nelson, CFA, co-founded Servo in 2012. Eric graduated from Hobart College (’98) in New York with a degree in Economics after concluding a basketball career which placed him among the all-time leading scorers in school history. Eric holds the prestigious Chartered Financial Analyst (CFA) designation.
Before founding Servo Wealth Management, Eric gained significant investment experience working for a variety of different financial services firms. Eric began his career at a prominent Wall Street brokerage firm in Syracuse, NY, transitioned to the investment group of a leading East Coast commercial bank, worked for the largest discount brokerage firm in the country, as well as an independent advisory firm in Oklahoma City.
In 2009 Eric joined his friends at Equius Partners, a large and established RIA firm in Northern California with a similar approach to managing investment portfolios and client relationships. Eric’s experience with Equius was instrumental in crystallizing his philosophy on how to manage an investment firm. Insights gleaned from his time at Equius continue to inform the strategic direction of Servo today.
Servo’s clients maintain their investment accounts in their names at Charles Schwab, the leading discount brokerage firm. Servo has no affiliation with Schwab except as the custodian of our client assets. Servo never takes possession of client funds, and only has a Limited Power of Attorney (LPOA) on investment accounts allowing us to make the necessary trades that are consistent with our Investment Policy Statements.
Servo utilizes a highly structured and disciplined “Asset Class” approach to investing. We typically use the institutional-based mutual funds from Dimensional Fund Advisors (DFA) to design and manage low-cost, globally-diversified investment portfolios rooted in Nobel Prize-winning academic research and expertly tailored to each one of our client's unique financial goals. In particular cases, we will retain pre-existing client holdings for individual or tax-specific reasons (such as a Vanguard index fund or ETF) and design an appropriate plan around those legacy positions.
Servo’s only form of compensation is a percentage of the assets that we manage for clients, which can be paid to us directly or debited from accounts. Our typical client has at least $1,000,000 in investable assets, but we make exceptions on a case-by-case basis, so don't hesitate to inquire further. We charge 1% on assets up to $2,000,000, and 0.5% on amounts above $2,000,000. In many cases, unlike traditional brokerage fees and commissions, our fees are tax deductible to our clients depending on their specific circumstances.