Oaktrust Wealth Advisors, LLC (Wilton)

Name: Oaktrust Wealth Advisors, LLC
Address: 49 Saddle Ridge Road, Wilton, CT, 06897
Telephone: (203) 563-0044

Oaktrust Wealth Advisors, LLC is a large advisory firm based in Wilton. It manages $114.1 million of regulatory assets for 327 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Connecticut, Florida, Maryland, and 5 other states.

Oaktrust Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Oaktrust Wealth Advisors: assets under management

The assets under management (AUM) of Oaktrust Wealth Advisors, LLC is $114.1 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $114.1 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $348.94 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 86% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Oaktrust Wealth Advisors, LLC 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 Oaktrust Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Oaktrust Wealth Advisors is high net worth individuals with 32 clients and $59.71 million of assets under management. Among the 4 most similar advisory firms, Oaktrust Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $114.1 million for 189 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.

Oaktrust Wealth Advisors doesn't advise any private funds.

Careers at Oaktrust Wealth Advisors, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas John Papa	Managing partner and chief compliance officer	1 Mar 2014	50% - 75%	3222264
Nicholas Zizzadoro	Managing partner	1 Mar 2014	50% - 75%	2909444

Based in Wilton

The principal office where Oaktrust Wealth Advisors, LLC performs its advisory services is located at 49 Saddle Ridge Road, Wilton, CT 06897, which is also the mailing address of the firm. An additional office of the firm is in Dix Hills, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (203) 563-0044 or by fax (203) 549-0800. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at oaktrustllc.com and its LinkedIn profile.