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 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 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.
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.
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.
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.