Oak Point Wealth Management, LLC (Portage)

Name: Oak Point Wealth Management, LLC
Address: 721 West Centre Avenue, Portage, MI, 49024
Telephone: (269)532-1901

Oak Point Wealth Management, LLC is a large advisory firm based in Portage. It manages $135.26 million of regulatory assets for 1,090 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, Indiana, Michigan, Ohio, and Texas.

Oak Point Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Oak Point Wealth Management: assets under management

The assets under management (AUM) of Oak Point Wealth Management, LLC is $135.26 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $135.26 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $124.09 thousand each.

Oak Point Wealth Management has custody of $1.41 million in cash and securities for 26 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 87% of the total AUM. The second-largest asset type is investment and business development companies, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Oak Point Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Point Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Oak Point Wealth Management is individuals with 525 clients and $100.26 million of assets under management. Among the 8 most similar advisory firms, Oak Point Wealth Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $135.26 million for 550 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 Point Wealth Management doesn't advise any private funds.

Careers at Oak Point Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives 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
John Thomas Knowlton	President / chief compliance officer	1 Dec 2016	50% - 75%	3156314
Thomas Dennis Kehoe	Member	1 Dec 2016	25% - 50%	4823868

Based in Portage

The principal office where Oak Point Wealth Management, LLC performs its advisory services is located at 721 West Centre Avenue, Portage, MI 49024, which is also the mailing address of the firm. An additional office of the firm is in Marshall, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (269)532-1901. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at facebook.com/oakpointwm/.