Oakmont Corporation

CRD#112337
Investment Advisor Firm

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Overview

Oakmont Corporation is a financial advisor company based in Los Angeles, California. It oversees $1.3 billion in assets under management throughout 90 accounts, placing it among the biggest firms in the nation by assets under management (AUM). The firm has an average-sized group of 44 employees, nine of whom are financial advisors. Oakmont Corporation does not act as a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal investments such as options, equities and bonds.

Oakmont Corporation oversees the majority of the company's client assets in a discretionary manner. Discretionary management is a structure in which transaction choices are made by an investment advisor without needing the customer's permission. The firm also administers seven non-discretionary accounts with a total of $9.0 million in assets under management. The firm's typical account size is $14.9 million. The typical financial advisor at Oakmont Corporation manages about 10 client accounts, placing it among the more personalized financial advisor firms in the country.

The company's headquarters is at 865 S. Figueroa Street, Los Angeles, California 90017. The firm is legally registered to provide services to customers in the state of California.

Assets Under Management

$1.3 billion

Number of Advisors

9

Disclosures

No

Office Location

865 S. Figueroa Street
Los Angeles, CA 90017

Oakmont Corporation by the Numbers

Total Assets Under Management

$1.3 billion

National Average: $3.7 billion
Total Number of Employees

44

National Average: 29
Total Number of Accounts

90

National Average: 2,073
Average Account Size

$14.9 million

National Average: $1.8 million

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Products and Services

Oakmont Corporation provides a variety of 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 last fiscal year, the company provided 51-100 of its clients with financial planning services. It does sell products or offer services other than investment advisory services to its customers. It is affiliated with a number of other companies in the financial services industry, including with a commodity pool advisor.

Core Advisor Services

  • Offered by 45% 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.

  • Offered by 62% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Find a firm that offers this service

    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.

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Fee Structure

Fees charged by financial advisors typically are based on the services offered. Fee types billed by the company most likely consist of some combination of the following fee structures: asset-based, fixed or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Oakmont Corporation.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 17% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Offered by 40% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

It provides services to retail investors, high net worth investors, pooled investment vehicles and corporations. Out of its 90 customers, Oakmont Corporation's largest client group is retail investors, though it also caters to 18 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 is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 2% of the firm's clients are non-U.S. persons.

  • High-Net-Worth Individuals* - 32.14%
  • Other Individuals - 44.64%
  • Corporations - 23.21%
  • 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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This content was compiled from the SEC and FINRA