Oarsman Capital, Inc (Milwaukee)

Name: Oarsman Capital, Inc
Address: 759 North Milwaukee Street, Milwaukee, WI, 53202
Telephone: 414-221-0081

Oarsman Capital, Inc is a large advisory firm based in Milwaukee. It manages $442.32 million of regulatory assets for 1,738 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, California, Florida, and 7 other states.

Oarsman Capital provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and investment consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Oarsman Capital: assets under management

The assets under management (AUM) of Oarsman Capital, Inc is $442.32 million. The firm's AUM has grown by 1292% since the beginning of its operation, and $947.8 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $417.23 million in discretionary accounts and $25.09 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $240.76 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.02 million.

Investments

The firm invests in exchange traded securities the most. They account for 35% of the total AUM. The second-largest asset type is investment and business development companies, which make up 33% of the firm’s portfolio. Investments in state and local bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Oarsman Capital, 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.

What kind of clients Robert Wylie Phelps serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Robert Wylie Phelps is high net worth individuals with 160 clients and $249.85 million of assets under management. Among the 10 most similar advisory firms, Oarsman Capital has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $442.32 million for 752 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.

Oarsman Capital doesn't advise any private funds.

Careers at Oarsman Capital, Inc

The company employs 11 people that are either part- or full-time employees. 91 percent of the employees work as investment advisers or researchers. 10 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.

Oarsman Capital, Inc is owned by Thomas Henry Nackers. Robert Wylie Phelps has been acting as President since 1 Sep 2000. Gerald Wayne Nackers joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Wylie Phelps	President	1 Sep 2000	25% - 50%	2507028
Alan Lawrence Purintun	Vice president and chief compliance officer	1 Sep 2000	25% - 50%	2538040
Thomas Henry Nackers	Owner	1 Dec 2008	25% - 50%	1007537
Gerald Wayne Nackers	Owner	1 Dec 2008	Other	2017730

Based in Milwaukee

The principal office where Oarsman Capital, Inc performs its advisory services is located at 759 North Milwaukee Street, Milwaukee, WI 53202, which is also the mailing address of the firm. An additional office of the firm is in Prairie Du Sac, WI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 414-221-0081 or by fax 414-221-0057. The normal business hours are 8:00 a.m - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at investmentdesigners.com.