Located in Los Angeles, California, Oakmont Corporation is a financial advisor firm with more than $1.3 billion in assets under management (AUM). The firm offers services such as financial planning and portfolio management.
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, as trustee of the Robert A. Day Trust. Day is also the firm's chariman as well as the principal owner of The Cypress Funds LLC (also an SEC-registered RIA). The firm's co-portfolio managers are Robert Day and 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
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.
Of course, all potential and current clients must keep in mind that no investment strategy guarantees against risk or loss.
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 result, fees and expenses may vary and additional fees may apply, so be sure to read agreements carefully and contact the firm if you have questions. Learn more about advisors' typical costs here.
What to Watch Out For
Within the past 10 years, Oakmont Corporation has not undergone any disciplinary or legal action deemed material to a client’s evaluation of its business integrity. You can view its latest Form ADV on the official website of the Securities & Exchange Commission (SEC). As an SEC-registered investment advisor, the firm is legally obligated to uphold its fiduciary duty and work in clients’ best interests at all times.
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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