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Oak Family Advisors, LLC
Multifamily office listing in Chicago, Illinois, United States.
- SEC-registered
- Regulatory AUM
- $621 million
- Employees
- 6
- Clients
- 101-250
- SEC CRD
- 141332
Independent, fee-only investment adviser providing investment management with financial, estate, retirement, and education planning for individuals and families.
Overview
Oak Family Advisors, LLC is an independent, fee-only registered investment adviser serving clients from Chicago. The firm is registered with the Securities and Exchange Commission under CRD 141332 and SEC file number 801-108109.12
History
Oak Family Advisors has been in business since 2006. It began as the family office of Non-Executive Chairman John H. Fitzpatrick, with a focus on preserving and growing family wealth.34
Leadership
The firm identifies Terrence S. Wilson, CFA, as Chief Executive Officer; Charles M. Sloan, CFA, as President; and William E. Driscoll, CFA, CFP®, as Director of Research. John H. Fitzpatrick, CFA, serves as Non-Executive Chairman, and Alexander J. Melarkey, CPA, is Research Analyst and Portfolio Manager.5
Services
Oak Family Advisors provides investment management, financial planning, estate planning, retirement planning, and education-funding services. Its financial planning work includes personalized goal setting, customized portfolios, disciplined investing, tax considerations, and scenario modeling through RightCapital software.67
Estate-planning support covers wills, trusts, powers of attorney, beneficiary designations, gifting, and coordination with outside attorneys and CPAs. Retirement services include rollovers, traditional, Roth, SIMPLE, and SEP IRAs, detailed retirement plans, stress testing, and Social Security timing analysis.89
Education-funding guidance includes 529 college savings plans, Qualified Tuition Programs, and Coverdell Education Savings Accounts. The firm says it does not charge on assets held in 529 plans.10
What the firm offers
- Investment management
- Financial planning
- Tax planning
- Estate planning
- Trust and fiduciary
- Retirement planning
Client Focus
The firm primarily serves individuals and families seeking investment advisory, consulting, and financial planning services.11
Approach
Oak Family Advisors describes an investment process built around intrinsic-value investing, independent research, customized portfolios, and a long investment horizon. The firm says its investment team manages client assets in-house, with team members averaging 30 years of experience.12
Its planning process moves through discovering client needs, analyzing financial information, advising and implementing, then monitoring and evolving the plan. The firm describes its advice as independent, fiduciary, fee-only, and client-centered.1314
By the numbers
| Year | Regulatory AUM | Discretionary | Non-discretionary |
|---|---|---|---|
| 2016 | $117 million | $107 million | $10 million |
| 2017 | $120 million | $115 million | $5 million |
| 2018 | $136 million | $127 million | $9 million |
| 2019 | $176 million | $131 million | $44 million |
| 2020 | $264 million | $205 million | $59 million |
| 2021 | $310 million | $243 million | $67 million |
| 2022 | $420 million | $345 million | $75 million |
| 2023 | $427 million | $359 million | $68 million |
| 2025 | $534 million | $451 million | $83 million |
| 2026 | $621 million | $526 million | $95 million |
| Year | Average AUM per client |
|---|---|
| 2018 | $2 million |
| 2019 | $2 million |
| 2020 | $2 million |
| 2021 | $3 million |
| 2022 | $2 million |
| 2023 | $2 million |
| 2025 | $3 million |
| 2026 | $3 million |
| Client type | Clients (2026) |
|---|---|
| Individuals | 72 |
| High net worth individuals | 128 |
| Charities | 1 |
| Corporations | 2 |
| Year | Employees |
|---|---|
| 2016 | 4 |
| 2017 | 4 |
| 2018 | 4 |
| 2019 | 4 |
| 2020 | 5 |
| 2021 | 6 |
| 2022 | 7 |
| 2023 | 7 |
| 2025 | 6 |
| 2026 | 6 |
Ranks #8 of 17 SEC-registered firms in IL on MultifamilyOffices.com by regulatory AUM.
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 141332. Ranking uses only firms profiled on MultifamilyOffices.com. As of .
FAQs
What does Oak Family Advisors offer?
The firm combines investment management with financial, estate, retirement, and education planning.15
Who does Oak Family Advisors serve?
Its Form CRS says the firm primarily serves individuals and families.16
How does Oak Family Advisors describe its approach?
The firm emphasizes independent, fiduciary, fee-only advice and a client-centered planning process, supported by in-house investment management and customized planning.14
Related resources
- LocationMultifamily offices in Chicago
This Chicago-focused directory helps a family or business owner compare local advisory firms and understand the range of services available. It offers context for evaluating an independent, fee-only adviser that combines investment management with financial, tax, estate, retirement, and education planning.
- Network siteEstatePlanner.com
EstatePlanner.com provides plain-language guides on wills, trusts, and related decisions. A reader considering Oak Family Advisors, LLC can use these materials to prepare questions about estate and trust planning for family wealth, business interests, and future beneficiaries.
- GuideLife events that trigger a change
This resource outlines life events that may call for a review of investments, taxes, estate documents, or retirement plans. Business sales, inheritances, marriage, or retirement can help a family identify when coordinated advice may be useful.
- GuideData privacy and security with an MFO
The privacy and security page explains issues families should consider when sharing financial, tax, estate, and personal information with an advisory firm. It can help a business owner ask about data handling, access controls, communication practices, and protection of sensitive records.
- Similar firmsAltman Advisors
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Eastgate Capital Advisors LLCProfiles of Altman Advisors, Barrington Wealth Management, and Eastgate Capital Advisors LLC offer nearby points of comparison on this site. Reviewing their stated services and client focus can help a family or business owner clarify which questions matter when assessing an advisory relationship.
Sources
This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.
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