Silver Oak Services Partners,LLC (Evanston)

Name: Silver Oak Services Partners,LLC
Address: 1560 Sherman Ave, Suite 1200, Evanston, IL, 60201
Telephone: 847-332-0400

Silver Oak Services Partners,LLC is a large advisory firm based in Evanston. It manages $586.4 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Delaware.

Silver Oak Services Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Silver Oak Services Partners: assets under management

The assets under management (AUM) of Silver Oak Services Partners,LLC is $586.4 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 203% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $586.4 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $146.6 million each.

Silver Oak Services Partners has custody of $368.7 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Silver Oak Services Partners,LLC for their services and products based on a percentage of assets under management and performance-based 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 Silver Oak Services Partners serves?

The only and largest group of clients of Silver Oak Services Partners is pooled investment vehicles with 4 clients and $586.4 million of assets under management. Among the 10 most similar advisory firms, Silver Oak Services Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $586.4 million for 4 clients. None of the firm’s clients are foreign persons or businesses.

Silver Oak Services Partners also advises several private funds. Namely, four private equity funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Silver Oak Services Partners,LLC

The company employs 16 people that are either part- or full-time employees. 81 percent of the employees work as investment advisers or researchers. No 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Michael Mann	Chief compliance officer and chief financial officer and chief operating officer	1 Nov 2005	Other	6020880
Gregory Maxwell Barr	Managing partner	1 Nov 2005	50% - 75%	6020883
Daniel Michael Gill	Managing partner	1 Nov 2005	50% - 75%	6020884
Katie Elizabeth Perry	Chief compliance officer and vice president of finance	1 Apr 2017	Other	6788925

Based in Evanston

The principal office where Silver Oak Services Partners,LLC performs its advisory services is located at 1560 Sherman Ave, Suite 1200, Evanston, IL 60201, 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 847-332-0400 or by fax 847-492-1717. The normal business hours are 8:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at silveroaksp.com and its LinkedIn profile.