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Okabena Company & Okabena Investment Services, Inc.

Multifamily office listing in Minneapolis, Minnesota, United States.

SEC-registered

Headquarters: Minneapolis, MN
Regulatory AUM: $2.1 billion
Employees: 18
SEC CRD: 111162

A multi-family office providing coordinated family office and investment services to a select group of families since 1967.¹

Overview

Okabena describes itself as independently owned and operated, serving families through a multi-family office structure. Its work combines family office coordination with investment management for taxable and tax-exempt clients.¹²

History

Okabena Company and Okabena Investment Services, Inc. have served families with coordinated family office and investment services since 1967.¹

Leadership

James H. Field, CFA, is President and CEO of Okabena Company and President of Okabena Investment Services, Inc. Eric L. Pirkl, CFA, serves as Senior Vice President and Chief Investment Officer of Okabena Investment Services, Inc. Jocelyn A. Henkensiefken is Vice President and Chief Compliance Officer of Okabena Investment Services, Inc. and Vice President of Okabena Company. Thomas B. Doran, CFA, is Vice President and Senior Client Portfolio Manager at Okabena Investment Services, Inc.³

Services

Okabena’s family office services include multi-generational planning, financial lifestyle management, client education and family continuity, asset protection, tax accounting and reporting, philanthropic activities, and trustee services.⁴

Its investment services include asset allocation, investment manager sourcing and due diligence, portfolio construction, portfolio monitoring, and comprehensive reporting.⁴

What the firm offers

Investment management
Tax planning
Trust and fiduciary
Philanthropy
Administration and bill pay

Client Focus

The firm says it serves a select group of families, including taxable and tax-exempt clients. It reports working with pooled investment vehicles, high-net-worth individuals, charities, and other clients, with compensation based on a percentage of assets.²⁵

Approach

Okabena says it coordinates with external advisers and tailors solutions to each family’s needs, values, goals, and dynamics. Its investment platform is described as fully discretionary, open architecture, and structured as a manager of managers investing across public and private markets.²

The firm reports a client service philosophy centered on integrity, service excellence, client centricity, and collaboration, with a fiduciary focus on clients’ interests.³

Assets and Registration

Okabena Investment Services, Inc. reports $2,120,659,435 in regulatory assets under management in its Form ADV filed March 27, 2026.⁶

The SEC lists Okabena Investment Services, Inc. as an approved investment adviser, effective November 29, 1994, under CRD 111162.⁷

By the numbers

Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 111162. As of September 1, 2026.

Regulatory assets under management
Year	Regulatory AUM	Discretionary	Non-discretionary
2016	$1.4 billion	$1.3 billion	$76 million
2017	$1.4 billion	$1.3 billion	$77 million
2018	$1.5 billion	$1.4 billion	$86 million
2019	$1.4 billion	$1.3 billion	$77 million
2020	$1.4 billion	$1.3 billion	$87 million
2021	$1.4 billion	$1.3 billion	$141 million
2022	$1.7 billion	$1.6 billion	$128 million
2023	$1.5 billion	$1.4 billion	$119 million
2025	$1.8 billion	$1.7 billion	$171 million
2026	$2.1 billion	$1.9 billion	$231 million

Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 111162. Regulatory AUM divided by the client count reported in Item 5D. Client types reported as fewer than 5 are not counted, so this is approximate. As of September 1, 2026.

Average AUM per client
Year	Average AUM per client
2018	$14 million
2019	$7 million
2020	$7 million
2021	$7 million
2022	$8 million
2023	$6 million
2025	$15 million
2026	$14 million

Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 111162. "<5" means the firm reported fewer than 5 clients of that type. As of September 1, 2026.

Clients by type
Client type	Clients (2026)
High net worth individuals	125
Pooled investment vehicles	12
Charities	11

Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 111162. As of September 1, 2026.

Employees reported on Form ADV
Year	Employees
2016	13
2017	13
2018	14
2019	14
2020	14
2021	14
2022	15
2023	16
2025	18
2026	18

FAQs

When was Okabena founded?

Okabena has served families with coordinated family office and investment services since 1967.¹

What investment services does Okabena provide?

Its investment services include asset allocation, manager sourcing and due diligence, portfolio construction, portfolio monitoring, and comprehensive reporting.⁴

Who does Okabena serve?

Okabena reports serving taxable and tax-exempt clients, pooled investment vehicles, high-net-worth individuals, charities, and other clients.²⁵

LocationMultifamily offices in Minneapolis
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Sources

Claim or correct this profile

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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