Silver Oak Securities Incorporated (Jackson)

Silver Oak Securities Incorporated is a large advisory firm based in Jackson. It manages $418.18 million of regulatory assets for 3,221 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 32 other states.

Silver Oak Securities Incorporated provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and market timing services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Silver Oak Securities Incorporated: assets under management

The assets under management (AUM) of Silver Oak Securities Incorporated is $418.18 million. The firm's AUM has grown by 1207% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $377.24 million in discretionary accounts and $40.94 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $153.1 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $54.08 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 82% of the total AUM. The second-largest asset type is state and local bonds, which make up 18% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Silver Oak Securities Incorporated for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Silver Oak Securities Incorporated serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Silver Oak Securities Incorporated is individuals with 3,185 clients and $363.21 million of assets under management. Among the 10 most similar advisory firms, Silver Oak Securities Incorporated has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $418.18 million for 3,221 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.

Silver Oak Securities Incorporated doesn't advise any private funds.

Careers at Silver Oak Securities Incorporated

The company employs 54 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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

Based in Jackson

The principal office where Silver Oak Securities Incorporated performs its advisory services is located at 403 N. Parkway, Jackson, TN 38305, which is also the mailing address of the firm. An additional office of the firm is in Nappanee, IN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 731-668-3825 or by fax 731-668-3844. The normal business hours are 8:30 a.m to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at silveroaksecurities.com.

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