Oakstreet Wealth Management, Inc

CRD#288723
Investment Advisor Firm

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Learn more about Oakstreet Wealth Management, Inc

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Oakstreet Wealth Management, Inc is located at 9911 Stubbs Road, Magnolia, TX. The firm employs 1 financial advisor to manage client portfolios and provide financial guidance. Oakstreet Wealth Management, Inc is not a registered broker-dealer.

    Oakstreet Wealth Management, Inc oversees $400.0 million in assets under management across 50 accounts, all of which are discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for institutional clients, and pension consulting services. The firm caters to pension plans, with pension plans being the largest client type by accounts. The fee structure at Oakstreet Wealth Management, Inc includes asset-based, hourly, and fixed fees.

    Oakstreet Wealth Management, Inc is registered in the states of Illinois and Texas.

    Assets Under Management

    $400.0 million

    Number of Advisors

    1

    Disclosures

    No

    Office Location

    9911 Stubbs Road
    Magnolia, TX 77354

    Oakstreet Wealth Management, Inc by the Numbers

    Total Assets Under Management

    $400.0 million

    National Average: $8.6 billion
    Total Number of Employees

    2

    National Average: 64
    Total Number of Accounts

    50

    National Average: 375,227
    Average Account Size

    $8.0 million

    National Average: $23.0 thousand
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    Fee Structure

    A financial advisor's fees largely depend on which services are offered. Fees billed by Oakstreet Wealth Management, Inc likely include some blend of the following fee structures: asset-based, hourly, or fixed.

    Available

    • Offered by 69% 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 21% of firms

      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.

    • Offered by 32% 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 1% 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 26% of firms that offer this fee type

      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.

    • Find one of the 0% 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 10% 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

    The company caters to pension plans. Oakstreet Wealth Management, Inc's biggest client type by number of accounts is pension plans.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • 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

    Oakstreet Wealth Management, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Oakstreet Wealth Management, Inc

    Lindsey Black
    Magnolia, TX

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