Oak City Consulting, LLC is a large advisory firm based in Wake Forest. It manages $470.68 million of regulatory assets for 177 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alabama, Florida, Georgia, and 3 other states.
Oak City Consulting provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Oak City Consulting, LLC is $470.68 million. The firm's AUM has grown by 30% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Oak City Consulting, LLC for their services and products based on a percentage of assets under management. 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, charitable organizations, and pension and profit sharing plans. The largest group of clients of Oak City Consulting is charitable organizations with 9 clients and $462.11 million of assets under management. Among the 11 most similar advisory firms, Oak City Consulting has the highest percentage of charitable organizations out of all clients.
The amount of regulatory assets under management is $470.68 million for 39 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.
Oak City Consulting doesn't advise any private funds.
The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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.
The principal office where Oak City Consulting, LLC performs its advisory services is located at 1768 Heritage Center Drive, Wake Forest, NC 27587, 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 919-844-6450 or by fax 919-844-6452. The normal business hours are by appointment only on Monday - Friday.