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OneAscent Financial Services
ONEASCENT FINANCIAL SERVICES LLC is an SEC-registered investment adviser in BIRMINGHAM, AL, registered since 2016. The firm manages $3.5 billion in assets,...
OneAscent Financial Services
ONEASCENT FINANCIAL SERVICES LLC is an SEC-registered investment adviser in BIRMINGHAM, AL, registered since 2016. The firm manages $3.5 billion in assets, with $3.1 billion managed on a discretionary basis. It has 161 employees and 74 investment advisers.
General information
Firm type
Family Office
Year founded
2015
Location
Region
North America
Country
United States
City
Birmingham
Corporate office
Birmingham, AL, United States
Principals
David Weitnauer
CEO
David Wilson
Chief Investment Officer
Leo A. Coco
Chief Strategy Officer
Sector focus
Frequently asked questions
Who leads investment decisions at OneAscent Financial Services?
CEO David Weitnauer oversees strategy, while Chief Investment Officer David Wilson manages portfolio construction. Chief Strategy Officer Leo A. Coco also contributes to investment theses. All three have backgrounds in faith-based financial services (public record).
How does OneAscent's faith-based approach differ from ESG investing?
OneAscent uses a 'biblical worldview' screen that supersedes ESG criteria. The firm applies moral filters based on Christian teachings — for example, avoiding companies involved in abortion, pornography, or gambling — rather than environmental or social governance metrics alone. This values-based screening is embedded in all asset classes (per the firm's communications).
What types of investments does OneAscent typically make?
OneAscent allocates across private equity, real estate, fixed income, and public equities. It operates a fund-of-funds for private markets and direct real estate strategies primarily in the Southeastern U.S. The firm also manages a mutual fund series and recently launched a private credit fund.
Does OneAscent take co-investments alongside external GPs?
Public information is limited on co-investment structures. The firm's private equity commitments appear to be through its fund-of-funds vehicle, though it may participate in direct co-investments on a selective basis. No specific co-investment partnerships have been disclosed.
Is OneAscent structured as a family office or a traditional asset manager?
OneAscent Financial Services operates as an SEC-registered investment advisor serving multiple clients — Christian families, foundations, and churches — making it functionally a multi-family office or RIAA. It is not a single-family office managing a concentrated fortune.
What is OneAscent's relationship with the Kingdom Advisors network?
CEO David Weitnauer has been active in the Kingdom Advisors network, a Christian financial planning organization. This relationship informs the firm's deal sourcing and client basis, though OneAscent itself is a separate entity.
How does OneAscent source its deal flow?
The firm relies on its network of faith-based institutional relationships and referrals from Christian financial advisors. It also uses direct sourcing for real estate through OneAscent Real Estate, and for private equity through its fund-of-funds manager relationships.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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