Oklahoma City-based investment firm hits $1 billion in client assets

Investment adviser Tom Phillips discusses investment fees, minimum investment amounts and more.
by Paula Burkes Modified: May 15, 2014 at 10:00 am •  Published: May 14, 2014
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Q&A with Tom Phillips

OKC-based investment company

reaches $1 billion in client assets

Q: I understand your firm recently hit a big milestone. Can you tell us about that?

A: Last year, T.S. Phillips Investments and related companies exceeded $1 billion in assets for clients who we help oversee. In the financial marketplace today, it’s not unusual to hear of billions of dollars in assets, but it’s a pretty big deal when a smaller local firm hits that level. It’s a tribute to our investment consultants and administrative staff.

Q: How wealthy does one need to be to hire an investment adviser?

A: It depends on the investment adviser. I’ve seen some minimums as high as $250,000, and others have no minimum. Frankly, I encourage my investment consultants to fall into the latter category and not insist on a minimum account size. For those with smaller accounts, it’s never too early to seek the help of a trusted investment adviser.

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by Paula Burkes
Reporter
A 1981 journalism graduate of Oklahoma State University, Paula Burkes has more than 30 years experience writing and editing award-winning material for newspapers and healthcare, educational and telecommunications institutions in Tulsa, Oklahoma...
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