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Oxford Financial Group Review

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Oxford Financial Group, Ltd.

The Oxford Financial Group, Ltd. is a fee-only financial advisory firm that provides family office, personal financial planning and investment advisory services to a diverse range of clients. This registered investment advisor (RIA) currently oversees more than $13 billion in assets under management (AUM), which earned it a “No. 1 RIA” ranking by Financial Planning magazine for the past 5 years. Oxford has been in operation since the 1980s. Today, it serves more than 700 family and institutional clients acrpss the country.

Oxford Financial Group Background

CEO and Managing Director Jeff Thomasson founded Oxford in 1981, driven by the idea that financial advisors can’t truly be objective while taking commissions from the companies whose products and investments they recommend. The firm manages secondary offices in Indianapolis, Chicago, Cincinnati, Minneapolis and Grand Rapids.

Today, Oxford exists as a fee-only RIA on a mission to help families preserve and expand their wealth on a legacy basis. The firm also works with individual clients and various types of organizations.

Oxford Financial Group Client Types and Minimum Account Sizes

According to documents it filed with the Securities Exchange Commission (SEC), Oxford currently serves the following types of clients: 

  • High-net-worth individuals and their family members 
  • 401(k) and profit sharing plans
  • Pension plans
  • Deferred compensation plans
  • Endowments and foundations
  • Trusts
  • Estates
  • Corporations and limited liability companies (LLCs)
  • Family partnerships

The firm generally requires a minimum account size of $5 million. Oxford generally evaluates the financial situation of each client prior to engagement in order to determine whether its fees are justified for the desired services. If it finds that it isn’t, Oxford will advise the client not to proceed at that time. 

Services Offered by Oxford Financial Group

Oxford manages its own family office division. These are private financial organizations that focus on helping high-net-worth families build and pass on wealth on a legacy basis. Oxford’s family office services (FOS) can deliver financial advice on a range of topics including: 

  • Investment planning and evaluation
  • Trust management
  • Tax and estate planning
  • Insurance
  • Accounting
  • Property management

In addition, Oxford provides personal financial planning services. The firm begins by conducting an intensive fact-finding session with clients about their financial status, tax situation, investments, estate affairs and more. Advisors use this information to develop a financial plan that can help the client meet his or her financial goals. 

Oxford also creates diversified investment portfolios in order to help clients meet their long-term investment goals. The firm would recommend money managers, brokerage firms and other applicable entities that it deems appropriate to develop an asset-allocation strategy. 

Finally, the firm can also serve as fiduciary investment advisor to a client’s trusts or make a referral to The Trust Company of Oxford, a subsidiary. 

Oxford Financial Group Investment Philosophy

The firm established the Oxford Investment Fellows (OIF) to oversee investment management strategies. The team features seven chartered financial analysts (CFAs), two chartered alternative investment analysts (CAIAs), one professional risk manager (PRM) and one certified financial planner (CFP).

These advisors work with clients to determine their financial profile as well as any investment or financial goals they may have. Upon developing an investor profile, advisors work to put together a portfolio that fits the needs of each individual client. 

Fees Under Oxford Financial Group

Oxford generally charges fees as a percentage of your account's fair market value. That percentage depends on the size of your account and the type of account you have.

The following fee schedule applies to mutual funds, exchange traded funds (ETFs) and separately managed equity accounts. 

Fee Schedule for Mutual Fund, ETF & SMA Equity Accounts
Account Size Fee Rate
First $5MM 1.00 % 
Next $5MM 0.70 %
More than $10MM 0.50 %

The fee schedule below applies to separately managed fixed-income accounts:

Fee Schedule for SMA Fixed-Income Accounts
Account Size Fee Rate
First $10MM 0.30 % 
More than $10MM 0.20 %

Niche Growth Strategies accounts charge a 1.00% fee on total value of all assets.

Aspirational solutions accounts charge a 1.50% fee on the total value of assets. 

However, investment advisory fees don’t account for other charges such as custodial fees or the expenses of underlying funds in your portfolio. While Oxford won’t earn these additional fees, your account would still bear the expense. You can find specific details in fund prospectuses and related advisory documents.

For family and personal financial planning services, Oxford usually charges an annual fee quoted based on the value, time and expense associated with the services desired. This fee covers gathering data, devising a written financial plan, consulting with the appropriate advisors and other factors associated with your financial plan. The firm also charges a deposit worth 50% of this fee after you’ve agreed to establish a financial planning relationship. These fees are then charged quarterly or annually.

What to Watch Out For

Oxford Financial Group does not list any disclosures on its Form ADV.

Opening an Account With Oxford Financial Group

To contact Oxford Financial Group, call (317) 843-5678, or submit a request for information on its website. You can also visit the firm at one of its many offices.

All information is accurate as of the writing of this article.

Tips On Finding the Right Financial Advisor 

  • When choosing an advisor, pay close attention to their fee structure. Are they fee-only, which means they earn compensation only based on the services they provide directly you? Or are they fee-based, which means they may also receive commissions from third parties for sales or referrals?  In many cases, there is less room for a potential conflict of interest when working with a fee-only advisor. 
  • Narrow down your search for an advisor by using SmartAsset’s free financial advisor matching tool. It links you with up to three local financial advisors, with the final choice of who to work with being up to you.

How Many Years $1 Million 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
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

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%. This reflects the typical return on a conservative investment portfolio. 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