First Oak Wealth Management, LLC
Assets Under Management
$267.6M
Number of Clients
202
Number of Advisors
1
Average Client AUM
$1.3M
AUM per Advisor
$267.6M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
First Oak provides financial planning services including cash flow forecasting, trust and estate planning, and insurance and retirement planning. They also offer portfolio management services, allocating client assets among mutual funds, ETFs, individual securities, options, and independent investment managers. First Oak also provides planning and consulting services for high net worth individuals and businesses.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $5.0M | 1.00% |
| $5.0M - $20.0M | 0.75% |
| $20M+ | 0.50% |
Fees based on the above table use a graduated rate based on tier breakpoints. Additionally, for asset management services the Firm provides with respect to certain client holdings (e.g., held-away assets, accommodation accounts, alternative investments, etc.), First Oak may negotiate a fee rate that differs from the range set forth above.
Fee Estimator
First Oak's fees are based on assets under management, following a tiered schedule (see table above). For high net worth planning and consulting, the rate is $1,000 per hour, determined upfront based on the project's scope. First Oak may negotiate a lesser fee based on certain criteria. Clients also incur charges from third parties like broker-dealers and custodians.
Areas of Practice
Location
9131 Anson Way, Suite 200, Raleigh, NC, 27615