Oakmont Corporation (Los Angeles)

Oakmont Corporation is a large advisory firm based in Los Angeles. It manages $783.33 million of regulatory assets for 39 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of California.

Oakmont Corporation provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Oakmont Corporation: assets under management

The assets under management (AUM) of Oakmont Corporation is $783.33 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 67% since the beginning of its operation, and $99.45 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $783.33 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $20.09 million each.

Oakmont Corporation has custody of $812.78 million in cash and securities for 48 clients in total but doesn’t act as a qualified custodian.

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 Oakmont Corporation for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Robert Addison Day serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Robert Addison Day is high net worth individuals with 15 clients and $442.45 million of assets under management. Among the 9 most similar advisory firms, Oakmont Corporation has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $740.94 million for 47 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Oakmont Corporation also advises several private funds. Namely, two other private funds and three private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $100,000.

Careers at Oakmont Corporation

The company employs 35 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. No 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.

Robert Addison Day has been acting as President since 1 Aug 1980. Peter Carlton joined the executive team most recently as the Chief Investment Officer And Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Addison Day	Chairman	1 Aug 1980	75% - 100%	1494529
Jonathan David Jaffrey	Executive vice president	1 Feb 1990	Other	4385173
Ronald J Krystyniak	Managing director	1 Apr 1998	Other	2813784
Kashif F. Sheikh	Chief financial officer	1 May 1998	Other	4385213
Jerry Weldon Carlton	Vice chairman	1 Dec 1998	Other	4385210
Ronald J Krystyniak	Managing director	1 Sep 2001	Other	2813784
Kashif F. Sheikh	Managing director	1 Sep 2001	Other	4385213
Jonathan David Jaffrey	President	1 Oct 2002	Other	4385173
Stacey A Schaper	Chief compliance officer	1 Jan 2003	Other	2860850
Paul Hiroshi Hiyake	Chief financial officer	1 Jul 2006	Other	6473114
Allison Keller	President	1 Mar 2007	Other	5315011
Robert Miller	Chief compliance officer	1 Jul 2008	Other	5562589
2000 As Amended Robert A. Day Trust Dated March 22	Shareholder	1 Jul 2008	75% - 100%	xxx-xx-xxxx
Robert M Miller	Chief compliance officer, chief operating officer and managing director	1 Jul 2008	Other	5562589
Peter Carlton	Chief investment officer and managing director	1 Jan 2014	Other	6356280

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Richard Foster	Director	1 Oct 1987	Other	4520245
Damon De Laszlo	Director	1 Oct 1987	Other	4520255
Robert Addison Day	Trustee	1 Mar 2000	Other	1494529
Theodore J Day	Director	1 Jan 2001	Other	4520236
Howard Matthew Day	Director	1 Jan 2001	Other	1515671

Based in Los Angeles

The principal office where Oakmont Corporation performs its advisory services is located at 865 S. Figueroa Street, Los Angeles, CA 90017, 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 213-891-6300 or by fax 213-891-6330. The normal business hours are 6:30am-4:30pm pdt on Monday - Friday.