One Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, and publishing newsletters.
One Capital Management reports 3,535 clients. They include 2,300 individual clients, 1,168 high-net-worth individuals, and 35 pension and profit-sharing plans. Of its assets, 100.0% ($8.53B across 10,969 accounts) are managed with discretion. Of its clients, 14% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 65% | 9% |
| High-net-worth individuals | 33% | 53% |
| Investment companies | <1% | 3% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | <1% |
| Other client typesOther investment advisers; Corporations and other businesses | <1% | 34% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 2,300 | $807M | 9.5% | $351K |
| High-net-worth individuals | 1,168 | $4.53B | 53.2% | $3.88M |
| Investment companies | 7 | $216M | 2.5% | $30.8M |
| Pension and profit-sharing plans | 35 | $66.7M | 0.8% | $1.9M |
| Charitable organizations | 5 | $19.4M | 0.2% | $3.88M |
| Other investment advisers | 7 | $2.76B | 32.4% | $394M |
| Corporations and other businesses | 13 | $125M | 1.5% | $9.63M |
| Total | 3,535 | $8.53B | 100% | $2.41M |
- Clients
- 2,300
- Regulatory AUM
- $807M
- AUM share
- 9.5%
- Avg. per client
- $351K
- Clients
- 1,168
- Regulatory AUM
- $4.53B
- AUM share
- 53.2%
- Avg. per client
- $3.88M
- Clients
- 7
- Regulatory AUM
- $216M
- AUM share
- 2.5%
- Avg. per client
- $30.8M
- Clients
- 35
- Regulatory AUM
- $66.7M
- AUM share
- 0.8%
- Avg. per client
- $1.9M
- Clients
- 5
- Regulatory AUM
- $19.4M
- AUM share
- 0.2%
- Avg. per client
- $3.88M
- Clients
- 7
- Regulatory AUM
- $2.76B
- AUM share
- 32.4%
- Avg. per client
- $394M
- Clients
- 13
- Regulatory AUM
- $125M
- AUM share
- 1.5%
- Avg. per client
- $9.63M
Total
- Clients
- 3,535
- Regulatory AUM
- $8.53B
- AUM share
- 100%
- Avg. per client
- $2.41M
- Clients outside the U.S.
- 14%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
One Capital Management charges 1.00%–1.95% a year for its Wealth Management Investment Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.95% |
| $1M–$2M | 1.65% |
| $2M–$5M | 1.35% |
| $5M–$10M | 1.15% |
| $10M and above | 1.00% |
Fee details and sources
Other fees
- Advisory consulting services
- Billed at an hourly rate of $500, negotiable, with an estimate of total time and cost set at the start.
- Wealth management planning services
- Fixed fee, negotiable, starting at $4,000 depending on the level and scope of the services.
Ocm Capital Holdings, LLC owns 75% or more of One Capital Management and is in turn owned by Ocm Capital Partners, LLC (75% or more). The leadership team of One Capital Management includes President Patrick Bowen and Chief Investment Officer Steven Cowley. It has 103 employees, 55 of them in advisory roles.
Leadership
- Patrick BowenPresident
- Steven CowleyChief Investment Officer
- Donald McDonaldManaging Director
- Dan StridsbergManaging Director
- Curtis WheelerChief
Investment adviser representatives
65 representatives listed in the SEC register as of 9 October 2026.
- Niklas Axelsen
- Samantha Bakke
- Hayden Barre-Henuset
- Brad Martin Barrett
- Wayne Edward Baxter
- Mark Jeffrey Binder
- Sean Bingham
- Kevin Dennis Boden
- Sheri Ann Takako Chang Yamaguchi
- Michael John Chisick
- Sheila Tuttle Cimini
- John Douglas Clagett
- Kristine J Clagett
- Aiden Clark
- Daniel Victor Cozano
- Bryce Fehmel
- Corey Douglas French
- Nicholas Wesley Gardner
- Benjamin Russell Garvin
- Cranston Richard Gesell JR
- Joel Richard Hahn
- Eric John Hamel
- Sara B Henson
- Ryan Andrew Howard
- Xinyu Huang
- Kevin Garrett Johnson
- Daniel Kang
- Chad Michael Kessler
- Ross Trevor Lloyd
- Riley David Lopez
- John Paul Mabini
- Audra Lynn Masche
- Nicholas Hugh McDonald
- Sean McKeon
- Changhao Meng
- Lance Ward Messervy
- Mark Herbert Miller
- Kantrell Moore
- Carl Edward Mueller
- Jason Nahoul
- Brady Edward Nance
- James Howard Nitchke
- Joshua O'Handley
- Liam O'Hara
- Jared Daniel Osborne
- Antonio Rhee
- Sean P Righter
- Tobie A Rodriguez
- Derek Michael Schwartz
- Timothy Patrick Sheldon
- Sarah E Slusher
- Zachary Logan Stein
- Matthew S Stephenson
- Eric Edward Swanson
- Jason Edward Thomas
- Craig Valdes
- Jeremy White
- Andrew William Whitehouse
- Spencer Austin Wood
- Adele Emma Young
- Laura Kathleen Zimmerman
Staff
- 103 employees
- 55 in advisory functions
- 68 state-registered reps
- 15 insurance agents
- 25 soliciting firms
- Owns 75% or more of One Capital Management, LLC
Ocm Capital Holdings, LLC
Control person · since October 2025
- Owns 75% or more of Ocm Capital Holdings, LLC
Ocm Capital Partners, LLC
since October 2025
- Owns 50% to 75% of Ocm Capital Partners, LLC
Merchant Wealth Management Holdings 3, LLC
since November 2024
- Owns 75% or more of Merchant Wealth Management Holdings 3, LLC
Merchant Wealth Partners
Control person · since November 2024
- Owns 25% to 50% of Merchant Wealth Partners
Renaissance Evergreen Holdings, LLC
since September 2024
- Owns 50% to 75% of Renaissance Evergreen Holdings, LLC
Renaissance Evergreen BL, LLC
since September 2024
- Owns 75% or more of Renaissance Evergreen BL, LLC
Sixth Street Tao Partners (C), L.P.
since September 2024
- Owns 25% to 50% of Renaissance Evergreen Holdings, LLC
Sixth Street Tao Partners (B), L.P.
since September 2024
MWP Advisory, LLC
Manager · Control person · since July 2020
- Owns 75% or more of MWP Advisory, LLC
Merchant Investment Management, LLC
Control person · since October 2020
- Owns 75% or more of Merchant Investment Management, LLC
Merchant Investment Management Holdings, LLC
Control person · since June 2017
- Owns 25% to 50% of Ocm Capital Partners, LLC
Ocm Holdings, LLLP
since May 2020
One Capital Management’s regulatory assets grew 3.7× from $2.29B (May 2021) to $8.53B (August 2026); clients rose from 1,390 to 3,535 and employees from 41 to 103. In 2022, Fundx Investment Group ($893M in its last filing) joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $8.53B | 3,535 | 103 | 13 |
| May 2025 | $7B | 3,435 | 80 | 9 |
| April 2024 | $6.21B | 2,983 | 60 | 7 |
| April 2023 | $4.94B | 2,958 | 56 | 8 |
| March 2022 | $4.45B | 2,255 | 54 | 8 |
| May 2021 | $2.29B | 1,390 | 41 | 3 |
Firms that joined
20221 joined
- Fundx Investment GroupLast filed AUM $893M
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, One Capital Management has 12 offices, with 13 listed addresses across 7 states.
California · 6 listed addresses
- 3075 Townsgate Road, Suite 350, Westlake VillageHQ
- 101 Montgomery Street, San Francisco
- 520 Newport Center Drive, Newport Beach
- 2585 Ceanothus Ave., Chico
- 655 West Broadway, San Diego
- 1850 MT. Diablo BLVD., Walnut Creek
Texas · 2 listed addresses
- 5525 Granite Parkway, Plano
- 1250 Capital of Texas Highway South, Austin
Arizona · 1 listed address
- 7575 E. Redfield Road, Scottsdale
Colorado · 1 listed address
- 3300 E 1st Ave., Denver
Georgia · 1 listed address
- 11800 Amber Park Drive, Alpharetta
Hawaii · 1 listed address
- 745 Fort Street, Honolulu
Kansas · 1 listed address
- 101 Shawnee Street, Hiawatha
Other business names
One Capital Management has reported 1 other business name to the SEC.
- Fundx, A Division of One Capital Management, LLC
Contact and registration details
- Legal name
- One Capital Management, LLC
- Headquarters
- 3075 Townsgate Road, Suite 350, Westlake Village, CA 91361
- Website
- fundxnewsletter.com
- Phone
- 805-409-8150
- @one-capital-management-llc
- SEC file
- 801-60483
- Structure
- Nevada LLC
- Fiscal year end
- December
One Capital Management uses Charles Schwab ($2.77B, 66%) and National Bank Independent Network ($1.4B, 34%) as custodians for its separately managed accounts. One Capital Management has custody of $172M in client assets for 80 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $2.77B66%
- National Bank Independent NetworkNational Bank Independent Network · Toronto · $1.4B34%
At year end, One Capital Management’s separately managed accounts were mostly in stocks (83%) and funds (12%). Its reported 13F holdings for the quarter ended 30 June 2026 total $3.6B across 522 positions; the largest are iShares 5-10 Year Investment Grade Corp. Bond ETF (8.7%), iShares National Muni Bond ETF (4.7%) and Fundx Future Fund Opportunities (4.5%).
What the accounts hold
- Stocks83%
- Exchange-traded equities82%
- Non-exchange-traded equities1%
- Funds12%
- Bonds4%
- U.S. government and agency bonds1%
- State and local bonds1%
- Sovereign bonds1%
- Investment grade corporate bonds1%
- Cash2%
Reported 13F holdings
- $3.6B
- Reported 13F value
- 522
- Positions
- 34.3%
- In the 10 largest
- −1.4%
- Value vs. prior quarter
- iShares 5-10 Year Investment Grade Corp. Bond ETF · Ishs 5-10yr Invt8.7%
- iShares National Muni Bond ETF · National Mun ETF4.7%
- Fundx Future Fund Opportunities · Fundx Invt TR4.5%
- Dimensional Intern Core EQT Mkt ETF · Intl Core EQT MK3.2%
- Nvidia Corp.2.7%
- iShares Broad Usd High Yield Corp. Bond ETF · Broad Usd High2.7%
- iShares 1-5 Year Investment Grade Corporate Bond ETF · Ishs 1-5yr Invs2.3%
- One Global ETF · The Future Fund2.2%
- First Trust Senior Loan ETF · Senior LN FD1.8%
- Microsoft Corp.1.5%
Together, the ten largest are 34.3% of reported value.
How many clients does One Capital Management have?
One Capital Management has 3,535 clients and manages $8.53 billion for them, as of August 2026. They include 2,300 individual clients, 1,168 high-net-worth individuals, and 35 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 August 2026
What services does One Capital Management offer?
One Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, and publishing newsletters.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does One Capital Management charge?
One Capital Management charges 1.00%–1.95% a year for its Wealth Management Investment Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: OCM FORM ADV PART 2A MARCH 2026, filed 26 March 2026
Which custodians does One Capital Management use?
One Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $2.77B and National Bank Independent Network (Toronto), with $1.4B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 August 2026
How many financial advisors does One Capital Management have?
One Capital Management has 68 investment adviser representatives registered with state securities authorities, out of 103 employees, and 55 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 15 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does One Capital Management invest in?
At the end of its last fiscal year, One Capital Management’s separately managed accounts held 82% exchange-traded equities, 12% registered funds (mutual funds, ETFs, BDCs), 2% cash and equivalents, 1% non-exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local bonds, 1% sovereign bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns One Capital Management?
One Capital Management is owned through a chain of holding companies by Ocm Holdings, LLLP, Merchant Investment Management Holdings, LLC, Sixth Street Tao Partners (C), L.P. and Sixth Street Tao Partners (B), L.P. Its direct owner is Ocm Capital Holdings, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 16 August 2026
How does One Capital Management get paid?
One Capital Management is paid through a percentage of assets under management, hourly charges, subscription fees and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact One Capital Management?
One Capital Management’s main office is at 3075 Townsgate Road, Suite 350, Westlake Village, CA 91361. Its phone number is 805-409-8150. Its website is fundxnewsletter.com.