Openair Financial provides financial planning, portfolio management for individuals and small businesses, and educational seminars. Financial planning was provided to 1–10 clients last fiscal year.
Openair Financial reports 860 clients. They include 700 individual clients and 160 high-net-worth individuals. Of its assets, 100.0% ($318M across 1,212 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 81% | 32% |
| High-net-worth individuals | 19% | 68% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 700 | $103M | 32.4% | $147K |
| High-net-worth individuals | 160 | $215M | 67.6% | $1.34M |
| Total | 860 | $318M | 100% | $370K |
- Clients
- 700
- Regulatory AUM
- $103M
- AUM share
- 32.4%
- Avg. per client
- $147K
- Clients
- 160
- Regulatory AUM
- $215M
- AUM share
- 67.6%
- Avg. per client
- $1.34M
Total
- Clients
- 860
- Regulatory AUM
- $318M
- AUM share
- 100%
- Avg. per client
- $370K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Openair Financial charges 0.80%–1.25% a year for its Asset Management. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Financial planning is offered at a flat fee of $5,000, billed 50% in advance with the balance due on plan delivery.
Stewart Fields owns 25% to 50% of Openair Financial. The leadership team of Openair Financial includes Chief Compliance Officer Stewart Fields. It has 7 employees.
Staff
- 7 employees
- 7 in advisory functions
- 7 state-registered reps
- 5 insurance agents
- Owns 25% to 50% of Openair Financial, LLC
Stewart Fields
Control person · since January 2019
- Owns 25% to 50% of Openair Financial, LLC
Jonathan Lawton
Control person · since May 2019
- Owns 25% to 50% of Openair Financial, LLC
Chris Massenburg
Control person · since May 2019
Openair Financial’s regulatory assets grew 3.0× from $108M (April 2023) to $318M (August 2026); clients rose from 331 to 860 and employees from 5 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $318M | 860 | 7 | 6 |
| Feb 2025February 2025 | $281M | 1,040 | 7 | 6 |
| Jul 2024July 2024 | $183M | 385 | 7 | 6 |
| Apr 2023April 2023 | $108M | 331 | 5 | 6 |
Besides its headquarters, Openair Financial has 5 offices, with 6 listed addresses across 2 states.
Texas · 5 listed addresses
- 280 Miron Drive, SouthlakeHQ
- 2435 N. Central Expressway, Richardson
- 1000 Texan Trail, Grapevine
- 1131 W Yellowjacket Lane, Rockwall
- 17000 Dallas Parkway, Dallas
Utah · 1 listed address
- 1275 E Fort Union Park Ave, Midvale
Contact and registration details
- Legal name
- Openair Financial, LLC
- Headquarters
- 280 Miron Drive, Southlake, TX 76092
- Website
- openairadvisers.com
- Phone
- 214-233-6059
- SEC file
- 801-127377
- Structure
- Texas LLC
- Fiscal year end
- December
Openair Financial’s named custodians for separately managed accounts are Charles Schwab ($310M, 97%) and Fidelity ($8M, 3%). Openair Financial does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $310M97%
- FidelityFidelity · Boston, MA · $8M3%
At year end, Openair Financial’s separately managed accounts were mostly in funds (53%) and stocks (22%).
What the accounts hold
- Stocks22%
- Funds53%
- Registered funds52%
- Pooled vehicles1%
- Bonds12%
- U.S. government and agency bonds5%
- State and local bonds5%
- Investment grade corporate bonds2%
- Cash13%
How many clients does Openair Financial have?
Openair Financial has 860 clients and manages $318 million for them, as of August 2026. They include 700 individual clients and 160 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 August 2026
What services does Openair Financial offer?
Openair Financial provides financial planning, portfolio management for individuals and small businesses, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Openair Financial charge?
Openair Financial charges 0.80%–1.25% a year for its Asset Management. The fee is billed in advance and is negotiable.
Which custodians does Openair Financial use?
Openair Financial’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $310M and Fidelity (Boston, MA), with $8M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 August 2026
How many financial advisors does Openair Financial have?
Openair Financial has 7 investment adviser representatives registered with state securities authorities, out of 7 employees, and 7 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 5 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 Openair Financial invest in?
At the end of its last fiscal year, Openair Financial’s separately managed accounts held 52% registered funds (mutual funds, ETFs, BDCs), 22% exchange-traded equities, 13% cash and equivalents, 5% U.S. government and agency bonds, 5% state and local bonds, 2% investment grade corporate bonds and 1% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Openair Financial?
Openair Financial’s direct owners are Stewart Fields, Jonathan Lawton and Chris Massenburg, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 26 August 2026
How does Openair Financial get paid?
Openair Financial is paid through a percentage of assets under management 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 Openair Financial?
Openair Financial’s main office is at 280 Miron Drive, Southlake, TX 76092. Its phone number is 214-233-6059. Its website is openairadvisers.com.