The Oak Ridge Financial Services Group, Inc (Golden Valley)

Name: The Oak Ridge Financial Services Group, Inc
Address: 701 Xenia Avenue South, Golden Valley, MN, 55416 1089
Telephone: 763-923-2270

The Oak Ridge Financial Services Group, Inc is a large advisory firm based in Golden Valley. It manages $235.78 million of regulatory assets for 1,055 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Delaware, Florida, and 6 other states.

The Oak Ridge Financial Services Group 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.

The Oak Ridge Financial Services Group: assets under management

The assets under management (AUM) of The Oak Ridge Financial Services Group, Inc is $235.78 million. The firm's AUM has grown by 57% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $48.51 million in discretionary accounts and $187.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $260.81 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $215.5 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 52% of the total AUM. The second-largest asset type is investment and business development companies, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Oak Ridge Financial Services Group, Inc 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 Jacob Ira Mr Simms serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Jacob Ira Mr Simms is individuals with 791 clients and $176.83 million of assets under management. Among the 9 most similar advisory firms, The Oak Ridge Financial Services Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $235.78 million for 1,055 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.

The Oak Ridge Financial Services Group doesn't advise any private funds.

Careers at The Oak Ridge Financial Services Group, Inc

The company employs 66 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. 28 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.

Jacob Ira Mr Simms has been acting as President since 1 Nov 2015. Elizabeth S Jackson joined the executive team most recently as the Evp, Private Client Group, Sales Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Oak Ridge Holding Corporation	Corporate owner	1 Nov 2004	75% - 100%	20-1786296
Michael David Leonard	President-private client services group, sales manager	1 Feb 2005	Other	728226
Susanne Hawkins Miller	Sr.vp, operation manager	1 Apr 2006	Other	1509589
Lisa Ann Newman	Executive v.p., rosfp, cfo, director	1 Sep 2008	Other	2962955
David Jeffrey Stieber	Sr vice president, director of corporate finance-financial institutions	1 Feb 2010	Other	4178089
Marc Howard Kozberg	Ceo, chairman, director	1 May 2013	Other	1322565
Thomas David Herstad	Chief compliance officer	1 May 2013	Other	2386336
Oak Ridge Acquisition Corporation	Corporate owner	1 Nov 2015	75% - 100%	47-4493557
Jacob Ira Mr Simms	Director	1 Nov 2015	Other	4571191
Lisa Ann Newman	Executive director, evp, rosfp, cfo, director	1 Nov 2015	Other	2962955
Thomas David Herstad	Executive director & chief compliance officer	1 Nov 2015	Other	2386336
Russell Stuart King	Director	1 Nov 2015	Other	1703706
Russell Stuart King	Chairman, ceo & director	1 Feb 2016	Other	1703706
Kael Celeste Brown	Vice president, operations manager	1 Feb 2016	Other	2771770
Patrick Joseph Toutant	Executive vp, private client group, sales manager	1 Oct 2017	Other	865459
Elizabeth S Jackson	Evp, private client group, sales manager	1 Nov 2018	Other	1126737

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Marc Howard Kozberg	Share holder common	1 Nov 2004	25% - 50%	1322565
Russell Stuart King	Shareholder common	1 Jun 2015	50% - 75%	1703706

Based in Golden Valley

The principal office where The Oak Ridge Financial Services Group, Inc performs its advisory services is located at 701 Xenia Avenue South, Golden Valley, MN 55416 1089, 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 763-923-2270 or by fax 763-923-2289. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at oakridgefinancial.com.