Oak Asset Management, LLC (Westlake Village)


Oak Asset Management, LLC is a large advisory firm based in Westlake Village. It manages $211.78 million of regulatory assets for 652 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, New Hampshire, and Texas.

Oak Asset Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. 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 Asset Management: assets under management

The assets under management (AUM) of Oak Asset Management, LLC is $211.78 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 182% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $211.78 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $324.81 thousand each.
Oak Asset Management has custody of $41.43 million in cash and securities for 102 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 69% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in investment and business development companies form 13% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Oak Asset Management, 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.

What kind of clients Scott Anthony Stuth serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Scott Anthony Stuth is high net worth individuals with 107 clients and $182.53 million of assets under management. Among the 7 most similar advisory firms, Oak Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $207.91 million for 208 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 Asset Management doesn't advise any private funds.

Careers at Oak Asset Management, LLC

The company employs 4 people that are either part- or full-time employees. 100 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.

Scott Anthony Stuth has been acting as President since 1 Jan 2006. David Brian Watson joined the executive team most recently as the Manging Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Scott Anthony Stuth President/managing member, chief compliance officer 1 Jan 2006 25% - 50% 1362264
Joseph Milton Sanders Member 1 Jan 2006 25% - 50% 1722322
Steve Blohm Member 1 Jan 2006 25% - 50% 5107378
David Brian Watson Manging member 1 Apr 2017 25% - 50% 1433381
Jack Travis Noe Managing member 1 Apr 2017 25% - 50% 1226622
Janet Marie Robinson Managing member & chief compliance officer 1 Apr 2017 25% - 50% 1260217
Thomas Joseph Robertson Managing member 1 Apr 2017 25% - 50% 2787862

Based in Westlake Village

The principal office where Oak Asset Management, LLC performs its advisory services is located at 2535 Townsgate Road, Westlake Village, CA 91361, 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 (805) 778-0818. The normal business hours are m-t: 8a-4p; f: 8a-2p on Monday - Friday. You can find more information about the New York firm at oakasset.com.