# OneAscent Financial Services

OneAscent Financial Services is a Family Office based in Birmingham, United States.

## Overview

- **Organization type:** Family Office
- **Headquarters:** Birmingham, United States
- **Region:** North America
- **Address:** Birmingham, AL, United States
- **Founded:** 2015
- **Assets under management:** $1B - $5B (Altss estimate)
- **Website:** oneascent.com
- **LinkedIn:** https://www.linkedin.com/company/66303643

## Regulatory record

- **CRD number:** 284549
- **SEC file number:** 801-108265
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/284549

## About

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.

## Sectors

- Financial Services
- Asset Management
- Wealth Management

## People

- David Weitnauer — CEO
- David Wilson — Chief Investment Officer
- Leo A. Coco — Chief Strategy Officer

## 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.

### 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.

## Related profiles

- [COLARION](https://altss.com/profile/colarion)

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Last updated: 2026-07-06T01:24:22.549Z

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