Oak River Financial Group, Inc. (Beaumont)

Name: Oak River Financial Group, Inc.
Address: 2911 Toccoa, Beaumont, TX, 77703
Telephone: 409-866-6529

Oak River Financial Group, Inc. is an adviser based in Beaumont. It manages $18.36 million of regulatory assets for 95 client accounts. It has been registered with the SEC as an adviser since 2001.

Oak River Financial Group provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Oak River Financial Group: assets under management

The assets under management (AUM) of Oak River Financial Group, Inc. is $18.36 million. The firm's AUM has gone down by -37% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $15.16 million in discretionary accounts and $3.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $168.46 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $640 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Oak River Financial Group, Inc. for their services and products based on a percentage of assets under management and commissions. 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.

Careers at Oak River Financial Group, Inc.

Jack Bascom Brooks has been acting as President since 1 Feb 1998. Aaron Michael Freeman joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bobbie Ann Miller	Chief compliance officer	1 Jan 1998	Other	4039946
Bobbie Ann Loftin	Chief compliance officer	1 Jan 1998	Other	4039946
Jack Bascom Brooks	Director	1 Feb 1998	25% - 50%	4378879
Jack Edward Brooks	Vice president	1 Feb 1998	25% - 50%	3199041
Gary Wayne Freeman	President	1 Feb 1998	Other	715240
William Dermas Castille	Shareholder	1 Feb 1998	Other	4378918
Aaron Michael Freeman	Vice-president	1 Apr 2008	Other	5499296

Based in Beaumont

The principal office where Oak River Financial Group, Inc. performs its advisory services is located at 2911 Toccoa, Beaumont, TX 77703, 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 409-866-6529 or by fax 409-898-2363. The normal business hours are 8:00am - 4:00pm on Monday - Friday. You can find more information about the New York firm at www.oakrivergroup.com.