Oakmont Corporation is a large advisory firm based in Los Angeles. It manages $783.33 million of regulatory assets for 39 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of California.
Oakmont Corporation provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Oakmont Corporation is $783.33 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 67% since the beginning of its operation, and $99.45 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Oakmont Corporation for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Robert Addison Day is high net worth individuals with 15 clients and $442.45 million of assets under management. Among the 9 most similar advisory firms, Oakmont Corporation has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $740.94 million for 47 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.
Oakmont Corporation also advises several private funds. Namely, two other private funds and three private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $100,000.
The company employs 35 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone 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.
Robert Addison Day has been acting as President since 1 Aug 1980. Peter Carlton joined the executive team most recently as the Chief Investment Officer And Managing Director.
The principal office where Oakmont Corporation performs its advisory services is located at 865 S. Figueroa Street, Los Angeles, CA 90017, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 213-891-6300 or by fax 213-891-6330. The normal business hours are 6:30am-4:30pm pdt on Monday - Friday.