Oakmont Corporation
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Overview
Oakmont Corporation is a financial advisor company based in Los Angeles, California. The firm handles $2.1 billion in assets under management across 87 customer accounts, placing it among the largest firms in the country by assets under management (AUM). The firm has an average-sized group, including 6 financial advisors. Oakmont Corporation is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are exchangable fiscal investments such as bonds, stocks and options.
Oakmont Corporation oversees the majority of its accounts in a discretionary manner. Discretionary management means that an investment advisor has the discretion to make buy and sell judgments without requiring the client's authorization. The company also administers four non-discretionary accounts with a total of $56.0 million in assets under management. The company's average account size is $24.3 million. An average financial advisor at Oakmont Corporation manages around 15 client accounts, making it one of the more individualized firms in the country.
Oakmont Corporation's main office is at 865 S. Figueroa Street, Los Angeles, California 90017. Oakmont Corporation is legally allowed to serve customers in the state of California.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Oakmont Corporation by the Numbers
$2.1 billion
40
87
$24.3 million
Products and Services
Oakmont Corporation provides a variety of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. In the past financial year, it provided 51-100 of its accounts with financial planning services. The company is engaged in selling products or offering services aside from investment advisory services to its clients. It is also affiliated with a number of other companies in the financial services industry, including with a commodity pool advisor.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors usually vary depending on the financial services provided. Fees charged by the firm most likely consist of the following fee structures: asset-based, fixed or performance-based. The firm does not supply a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 26% of firms
Performance-based
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company works with high net worth investors, pooled investment vehicles and corporations. Out of its 87 accounts, Oakmont Corporation's biggest client type by number of accounts is high net worth investors, although it also manages money for 58 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the company's clients are non-U.S. persons.
- High-Net-Worth Individuals* - 71.6%
- Other Individuals - 0%
- Corporations - 28.4%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Oakmont Corporation does not have any disclosures.
Please visit its Form ADV for more details.
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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