Oakwood Counselors Inc (Morganville)


Oakwood Counselors Inc is a large advisory firm based in Morganville. It manages $36.55 million of regulatory assets for 112 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Florida, Maryland, New Jersey, and New York.




Oakwood Counselors provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Oakwood Counselors: assets under management

The assets under management (AUM) of Oakwood Counselors Inc is $36.55 million. The firm's AUM has gone down by -31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $35.01 million in discretionary accounts and $1.54 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $324.15 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $384.69 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Oakwood Counselors Inc for their services and products based on a percentage of assets under management and fixed fees. 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.

Careers at Oakwood Counselors Inc

Paul Jay Sherman has been acting as President since 1 May 1973. Carl Richard Sherman joined the executive team most recently as the Treasurer And Secretary.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Paul Jay Sherman President 1 May 1973 75% - 100% 1015284
Carl Richard Sherman Treasurer and secretary 1 Feb 1997 Other 4335632
Jeffrey Bart Cohen Chief executive officer 1 Feb 2005 Other 2316077

Based in Morganville

The principal office where Oakwood Counselors Inc performs its advisory services is located at 50 Hwy Nine, Morganville, NJ 07751, 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 732-536-9552 or by fax 732-536-5231. The normal business hours are 9:00 am to 4:30 pm on Monday - Friday.