Oak Grove Capital, LLC (Allison Park)

Name: Oak Grove Capital, LLC
Address: 2689 Oak Hill Drive, Allison Park, PA, 15101
Telephone: 412-515-8899

Oak Grove Capital, LLC is a large advisory firm based in Allison Park. It manages $132.79 million of regulatory assets for 77 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Pennsylvania and Texas.

Oak Grove Capital provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Oak Grove Capital: assets under management

The assets under management (AUM) of Oak Grove Capital, LLC is $132.79 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 315% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $132.79 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.72 million each.

Investments

The firm invests in exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is investment and business development companies, which make up 23% of the firm’s portfolio. Investments in derivatives form 14% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Oak Grove Capital, LLC for their services and products based on a percentage of assets under management. 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.

What kind of clients Oak Grove Capital serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Oak Grove Capital is high net worth individuals with 32 clients and $112.15 million of assets under management. Among the 8 most similar advisory firms, Oak Grove Capital has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $132.79 million for 77 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Oak Grove Capital doesn't advise any private funds.

Careers at Oak Grove Capital, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark George Visnic	Managing member	1 Sep 2012	75% - 100%	4599450
Michael Merley	Member and chief compliance officer	1 Oct 2017	25% - 50%	6865034

Based in Allison Park

The principal office where Oak Grove Capital, LLC performs its advisory services is located at 2689 Oak Hill Drive, Allison Park, PA 15101, 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 412-515-8899 or by fax 412-515-8890. The normal business hours are 8:30am-5:30pm on Monday - Friday. You can find more information about the New York firm at oakgrovecapital.net.