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Oakmont Corporation Review

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Located in Los Angeles, California, Oakmont Corporation is a financial advisor firm with quite a large amount of assets under management (AUM). The firm offers services such as financial planning and portfolio management.

This is a fee-only firm, which means all of the compensation it receives comes from client fees. A fee-based firm, on the other hand, would receive both client-paid fees and third-party compensation, like insurance sales commissions.

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: 

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.

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 general rule, private investments incur an annual fee of 0.85% and public investments incur an annual fee of 0.75%.

What to Watch Out For

Oakmont Corporation does not have any legal or regulatory disclosures present on the Form ADV that it has filed with the SEC.

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.

Tips for Finding a Financial Advisor 

  • To find financial advisors in your area, use SmartAsset's free financial advisor matching tool. It can pair you with up to three local financial advisors, with the final choice of who to work with being completely up to you. Get started now.
  • Ask candidates whether they adhere to the fiduciary standard of putting clients’ interests first. Yes is the ideal answer, of course. But they may follow a lower standard of providing only suitable recommendations.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
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Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research