White Oaks Wealth Advisors, Inc. is a large advisory firm based in Minneapolis. It manages $393.39 million of regulatory assets for 269 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Florida, and 3 other states.
White Oaks Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and accounting, property management, bill pay. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of White Oaks Wealth Advisors, Inc. is $393.39 million. The firm's AUM has gone down by -8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay White Oaks Wealth Advisors, Inc. 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of White Oaks Wealth Advisors is high net worth individuals with 210 clients and $358.04 million of assets under management. Among the 12 most similar advisory firms, White Oaks Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $385.26 million for 266 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.
White Oaks Wealth Advisors doesn't advise any private funds.
The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 3 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 don’t receive compensation from other entities for client referrals.
The principal office where White Oaks Wealth Advisors, Inc. performs its advisory services is located at Ids Center 80 South Eighth Street, Minneapolis, MN 55402, which is also the mailing address of the firm. An additional office of the firm is in Longboat Key, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 612-455-6900 or by fax 612-455-6901. The normal business hours are 8:30 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at whiteoakswealth.com and its LinkedIn profile.