O'Bannon & Davis Inc.

O’Bannon & Davis provides advisory services to individuals, small- and medium-sized businesses, not-for-profit organizations, and a variety of pension and retirement plans. Services described in the brochure include discretionary portfolio supervision and management, financial planning (including tax and estate planning), pension consulting, one-time consultations, and insurance advice.

The firm typically manages accounts on a discretionary basis, designing and reallocating custom portfolios based on clients’ investment objectives, risk tolerance, net worth, income, age, time horizon and tax considerations; its stated methods of analysis include both fundamental and technical approaches and a range of strategies (long‑ and short‑term purchases, trading, options and margin when appropriate). It also prepares written financial plans and pension Investment Policy Statements and may provide participant education and individualized participant advice, while implementation of planning recommendations is generally the client’s responsibility unless separately engaged.

Distinctive features include the firm’s dual role as an independent life insurance broker—insurance activity reportedly accounts for about 50% of the business and representatives hold New York life/health licenses, creating a potential commission conflict that the brochure discloses. The advisory team is small (two listed advisory representatives) while reporting roughly $70.0 million in discretionary assets and about 469 clients, implying a client load exceeding 200 clients per advisor, a client-to-advisor ratio that is uncommon among similar supported firms.