Oak Root LLC (Montecito)

Oak Root LLC is a large advisory firm based in Montecito. It manages $417.5 million of regulatory assets for 43 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of California.

Oak Root provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Oak Root: assets under management

The assets under management (AUM) of Oak Root LLC is $417.5 million. The firm's AUM has gone down by -2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $415 million in discretionary accounts and $2.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $9.88 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.5 million.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is investment and business development companies, which make up 2% of the firm’s portfolio. Investments in pooled investment vehicles form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Oak Root LLC for their services and products based on a percentage of assets under management. 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.

What kind of clients Oak Root 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 Oak Root is high net worth individuals with 8 clients and $407.5 million of assets under management. Among the 9 most similar advisory firms, Oak Root has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $417.5 million for 17 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.

Oak Root doesn't advise any private funds.

Careers at Oak Root LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kevin C Root	Managing member & chief compliance officer	1 Jun 2015	75% - 100%	5553574
Kevin Charles Root	Managing member & chief compliance officer	1 Jun 2015	75% - 100%	5553574

Based in Montecito

The principal office where Oak Root LLC performs its advisory services is located at 1059 Summit Road, Montecito, CA 93108, 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 805-395-9767 or by fax (646) 596-4249. The normal business hours are 9:00 am - 6:00 pm on Monday - Friday.