Skyoak Wealth LLC (Las Vegas)

Name: Skyoak Wealth LLC
Address: 410 S. Rampart Blvd., Las Vegas, NV, 89145
Telephone: 800-971-8070

Skyoak Wealth LLC is a large advisory firm based in Las Vegas. It manages $454.13 million of regulatory assets for 644 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Arizona, California, Florida, and 7 other states.

Skyoak Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, educational seminars and workshops, and self directed ira service. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Skyoak Wealth: assets under management

The assets under management (AUM) of Skyoak Wealth LLC is $454.13 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $401.86 million in discretionary accounts and $52.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $717.61 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $622.27 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is investment and business development companies, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Skyoak Wealth LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Skyoak Wealth serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Skyoak Wealth is high net worth individuals with 106 clients and $303.71 million of assets under management. Among the 12 most similar advisory firms, Skyoak Wealth has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $450.45 million for 652 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Skyoak Wealth doesn't advise any private funds.

Careers at Skyoak Wealth LLC

The company employs 14 people that are either part- or full-time employees. 93 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Joseph Louis Hegener has served as the Chief Investment Officer since 1 Jun 2019. Inc. Agility Partners joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Craig Thomas Simmons	Managing partner	1 Dec 2018	Other	2439771
Jeremy Scott Brandt	Chief compliance officer/managing partner	1 Dec 2018	Other	5296008
Jennifer Ann Davis	Managing partner	1 Dec 2018	Other	2481766
Kenneth Grahm Brandt	Managing partner	1 Dec 2018	Other	28928
Michael Ashker	Managing partner	1 Dec 2018	Other	1296719
Inc. Agility Partners	Owner	1 May 2019	Other	83-3973581
Joseph Louis Hegener	Chief investment officer	1 Jun 2019	Other	7087962

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Kathryne A Jobson	Manager	1 May 2019	75% - 100%	7117932

Based in Las Vegas

The principal office where Skyoak Wealth LLC performs its advisory services is located at 410 S. Rampart Blvd., Las Vegas, NV 89145, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-971-8070 or by fax 800-971-8075. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at raamps.com and its LinkedIn profile.