Live Oak Private Wealth, LLC is a large advisory firm based in Wilmington. It manages $163.04 million of regulatory assets for 325 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of North Carolina and South Carolina.
Live Oak Private Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, 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 Live Oak Private Wealth, LLC is $163.04 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 62% 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 Live Oak Private Wealth, 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Live Oak Private Wealth is high net worth individuals with 50 clients and $133.43 million of assets under management. Among the 10 most similar advisory firms, Live Oak Private Wealth has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $159.78 million for 111 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.
Live Oak Private Wealth doesn't advise any private funds.
The company employs 7 people that are either part- or full-time employees. 57 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.
John William Coleman has served as the Chief Investment Officer since 1 Dec 2018. Susan Niceta Janson joined the executive team most recently as the Chief Executive Officer And Chief Compliance Officer.
The principal office where Live Oak Private Wealth, LLC performs its advisory services is located at 1741 Tiburon Drive, Wilmington, NC 28403, 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 (844) 469-5679 or by fax (910) 790-5868. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday.