Pax Financial Group, LLC (San Antonio)

Name: Pax Financial Group, LLC
Address: 270 North Loop 1604 East, San Antonio, TX, 78232
Telephone: 210-881-5700

Pax Financial Group, LLC is a large advisory firm based in San Antonio. It manages $296.99 million of regulatory assets for 2,912 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, California, Colorado, and 5 other states.

Pax Financial Group provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, educational seminars and workshops, and financial wellness coaching and retirement consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pax Financial Group: assets under management

The assets under management (AUM) of Pax Financial Group, LLC is $296.99 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 147% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $296.99 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $101.99 thousand each.

Pax Financial Group has custody of $296.99 million in cash and securities for 1,179 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 71% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 19% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pax Financial Group, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Pax Financial Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Pax Financial Group is individuals with 1,104 clients and $193.25 million of assets under management. Among the 9 most similar advisory firms, Pax Financial Group has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $296.99 million for 1,179 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.

Pax Financial Group doesn't advise any private funds.

Careers at Pax Financial Group, LLC

The company employs 21 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 11 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
Darryl Walter Lyons	Ceo, managing member	1 Jan 2007	25% - 50%	4119073
Joseph R. Schuetze	President, managing member	1 Jan 2007	25% - 50%	4519918
Alejandro G Ireta	Chief compliance officer	1 May 2016	Other	5752503

Based in San Antonio

The principal office where Pax Financial Group, LLC performs its advisory services is located at 270 North Loop 1604 East, San Antonio, TX 78232, which is also the mailing address of the firm. An additional office of the firm is in Hendersonville, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 210-881-5700 or by fax 210-881-5698. The normal business hours are 8:30 - 4:30 on Monday - Friday. You can find more information about the New York firm at paxfinancialgroup.com/.