Oakstreet Wealth Management, Inc. (Magnolia)

Name: Oakstreet Wealth Management, Inc.
Address: 32939 Tamina Rd. Suite 104, Magnolia, TX, 77354
Telephone: 800-803-9885

Oakstreet Wealth Management, Inc. is a large advisory firm based in Magnolia. It manages $134.6 million of regulatory assets for 31 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Illinois and Texas.

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

Oakstreet Wealth Management: assets under management

The assets under management (AUM) of Oakstreet Wealth Management, Inc. is $134.6 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -40% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $134.6 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.34 million each.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Oakstreet Wealth Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lindsey Amanda Black serves?

The only and largest group of clients of Lindsey Amanda Black is pension and profit sharing plans with 31 clients and $134.6 million of assets under management. Among the 9 most similar advisory firms, Oakstreet Wealth Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $134.6 million for 31 clients. None of the firm’s clients are foreign persons or businesses.

Oakstreet Wealth Management doesn't advise any private funds.

Careers at Oakstreet Wealth Management, Inc.

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Lindsey Amanda Black has been acting as President since 1 May 2017. Theodore Thomas Golba joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Edwin Lee Katz	President	1 Dec 2009	75% - 100%	1154913
Daniel Joseph Liberti	Chief compliance officer	1 Dec 2009	Other	5036519
Judith Whedon Pickett	Chief financial officer	1 Mar 2010	Other	5781799
Theodore Thomas Golba	Chief financial officer	1 Jan 2012	Other	6039835
Lindsey Amanda Black	President/secretary/treasuer/chief compliance officer	1 May 2017	75% - 100%	4551667

Based in Magnolia

The principal office where Oakstreet Wealth Management, Inc. performs its advisory services is located at 32939 Tamina Rd. Suite 104, Magnolia, TX 77354, which is also the mailing address of the firm. An additional office of the firm is in Mundelein, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-803-9885. The normal business hours are by appt. only on Monday - Friday. You can find more information about the New York firm at oakstreetwm.com.