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Silver Oak Wealth Advisors Services Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Silver Oak Wealth Advisors Services, LLC is a fee-only financial advisor firm in Los Angeles. Comprehensive wealth management, financial planning and investment management are Silver Oak’s core offerings.

Silver Oak Wealth Advisors Services Background

Silver Oak has been in business since 2005 former president Joel Framson created the firm. Today, the firm is under the principal ownership of CEO Linda Cao, as Framson retired and became one of Silver Oak’s consultants in 2017. Cao has worked in financial services since 2005.

Three advisory employees at the firm hold a certified financial planner (CFP) designation. Beyond this, Silver Oak boasts two certified financial transitionists (CeFTs).

Silver Oak Wealth Advisors Services Client Types and Account Minimums

Most of Silver Oak’s business comes from high-net-worth individuals, as they claim 85% of the firm’s AUM. Individuals, family trusts, irrevocable trusts and pension and profit sharing plans round out Silver Oak’s client base. The firm also states on its website that it has specialized services for investors 50 and older women in transition and corporate executives.

There is no account minimum, but for clients who use Silver Oak for both investment management and financial planning, the minimum fee is $12,500 annually.

Services Offered by Silver Oak Wealth Advisors Services

Silver Oak Wealth Advisors Services prides itself on being the chief financial officer (CFO) for you and your family. In turn, it should come as no surprise that the firm’s services are rather robust. Take a look over what’s available below:

  • Financial planning
    • Tax minimization
    • Retirement planning
    • Estate planning
    • Risk management
    • Insurance planning
      • Life insurance
      • Property and casualty insurance
      • Liability insurance
      • Long-term care insurance
      • Disability insurance
    • College fund planning
    • Family gift planning
    • Charitable gift planning
    • Financial transition consulting
      • Partnership with the Sudden Money Institute (SMI)
  • Customized investment management
    • Development of an official investment policy statement (IPS)
    • Asset allocation creation
    • Tax-efficient portfolio design
    • Regular quarterly reviews and rebalances
    • Client investment education
  • Comprehensive wealth management includes:

Silver Oak Wealth Advisors Services Investment Philosophy

Some financial advisors manufacture portfolio models and pair their clients with the one that makes the most sense. On the other hand, Silver Oak chooses to take a much more personalized approach, as it builds portfolios based on your needs. The most important among these factors are your risk tolerance and ultimate financial goals.

Depending on which is best suited for you, Silver Oak may utilize either passive or active management. Passively-managed portfolios usually consist of exchange-traded funds (ETFs), exchange-traded notes (ETNs) and mutual funds, whereas their active counterparts use individual equities and separate account managers in addition to the above three investments.

Fees Under Silver Oak Wealth Advisors Services

Within Silver Oak’s comprehensive wealth management service, clients will have access to a combination of financial planning, financial transition consulting and investment management. The fees for this service start at $1 million. As far as the actual charges go, clients will pay on a quarterly basis, in advance. The firm indicates that the majority of its fees are deducted directly from the balance of a client’s account, but you can choose to receive a bill instead. As noted above, this option comes with a minimum base payment of $12,500 annually.

Comprehensive Wealth Management Fees
Assets Under Management Fees
First $1MM no additional cost
$1MM - $2MM 1.00%
$2MM - $5MM 0.80%
$5MM - $10MM 0.50%
Over $10MM negotiable

Although separate investment management has a different fee schedule, it’s charged in exactly the same manner as the comprehensive wealth management service listed above. This option does not have a minimum fee.

Investment Management Fees
Assets Under Management Fees
First $1MM 1.25%
$1MM - $2MM 1.00%
$2MM - $5MM 0.80%
$5MM - $10MM 0.50%
Over $10MM negotiable

Separate financial planning and financial transition consulting services adhere to a fixed fee schedule that usually ranges from $2,500 to $10,000. The rate you receive will be determined before any services are rendered. Should you request anything beyond the initial agreement, you may be charged an hourly fee of $250 to $450.

Check out the table below to see how Silver Oak’s fees for its management services compare to those at similar financial advisor firms. Note that these fees are only estimates and actual costs may vary.

What to Watch Out For

Founder and former president Joel Framson owns an accounting firm that Silver Oak sometimes recommends its clients to. The two firms do not share or receive referral fees or any other monetary compensation. Still a conflict of interest could arise, as Framson may be incentivized to recommend his accounting firm over others. Silver Oak fully abides by fiduciary duty though, legally binding it to act in clients’ best interests at all times.

Based on its Form ADV, there are no disclosures to report for Silver Oak Wealth Advisors Services.

Opening an Account With Silver Oak Wealth Advisors Services

Becoming a client of Silver Oak Wealth Advisors Services is as easy as calling or emailing the firm at (310) 207-4800 or, respectively.

Tips for Managing Your Investments

  • Taking good care of a portfolio on top of the rest of your life is a lot to ask, especially if you want to maximize your return potential. Engaging the services of a financial advisor can help you manage these investments. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • Taxes should be an integral consideration for any investment portfolio, as these charges can take a significant bite out of your returns. To get a head start, check out SmartAsset’s capital gains tax calculator. This valuable tool can show you exactly what to expect in taxes when selling your investments for a profit.

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.

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