Oakmont Corporation
Located in Los Angeles, California, Oakmont Corporation is a financial advisor firm with quite a large amount of assets under management (AUM). The firm offers services such as financial planning and portfolio management.
This is a fee-only firm, which means all of the compensation it receives comes from client fees. A fee-based firm, on the other hand, would receive both client-paid fees and third-party compensation, like insurance sales commissions.
Oakmont Corporation Background
Formed in August 1980, Oakmont is a California corporation. It is a family office that provides a variety of services (such as investment advice, financial planning and various administrative services) to its clients.
The firm is owned by Robert Day, who is also the chairman and co-manages the firm’s portfolios with Andrew Katz.
Oakmont Corporation Client Types and Minimum Account Sizes
As stated above, Oakmont Corporation is a family office that provides its services to members of a family and several individuals who have long-standing relaitonships with one or more family members.
The firm provides investment advice the following types of clients:
- High-net-worth individuals
- Pooled investment vehicles
- Charities
- Corporations
The firm generally does not impose a minimum account size.
Services Offered by Oakmont Corporation
Oakmont primarily manages assets on a discretionary basis for its clients - mostly but not limited to investing in equity and equity-related securities that are traded publicly in U.S. markets. It also provides advice regarding debt securities, partnerships investing in venture capital, private equity, real estate and leveraged buyout funds. Oakmont’s clients may also invest directly in real estate and privately held companies.
Oakmont advisors generally customize services depending on individual clients' needs. Clients also may impose restrictions on investing in certain securities or types of securities. Those who invest in some of the firm's funds, however, have no opportunity to select or evaluate any investments or strategies. Oakmont selects those funds’ investments and strategies.
Oakmont Corporation Investing Philosophy
In general, clients at Oakmont Corporation have long-term investment horizons. As a result, its primary goal for clients is long-term capital appreciation, or increase in the value of assets, and its primary risk concern is permanent capital loss (as opposed to volatility). The firm strives to accomplish these goals by using a "bottom-up" approach and fundamental research and analysis in its process.
Fundamental analysis evaluates a company that has issued securities by measuring the value of its underlying assets. The firm looks to the long term and believes that investment performance depends more on individual investment selection than on market timing.
Fees Under Oakmont Corporation
Oakmont Corporation generally does not have a fixed fee schedule. For most clients, compensation varies and may be negotiated or waived as required by law or at the firm's discretion. The fees applicable to separately managed client accounts are usually a fixed annual fee that is negotiated with each client based on the level and kinds of services the client receives. As a general rule, private investments incur an annual fee of 0.85% and public investments incur an annual fee of 0.75%.
What to Watch Out For
Oakmont Corporation does not have any legal or regulatory disclosures present on the Form ADV that it has filed with the SEC.
Opening an Account With Oakmont Corporation
To open an account with Oakmont Corporation, you can call (877) 257-3840. The firm currently does not have a website.
All information is accurate as of the writing of this article.
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