Old Oak Financial Planning, Inc. (Brighton)

Name: Old Oak Financial Planning, Inc.
Address: 7077 Fieldcrest Dr., Brighton, MI, 48116
Telephone: 810-220-4400

Old Oak Financial Planning, Inc. is a large advisory firm based in Brighton. It manages $120.02 million of regulatory assets for 609 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Florida, Michigan, Nebraska, and Texas.

Old Oak Financial Planning provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Old Oak Financial Planning: assets under management

The assets under management (AUM) of Old Oak Financial Planning, Inc. is $120.02 million. The firm's AUM has grown by 229% since the beginning of its operation, and $1.42 million of the total AUM is attributable to clients outside of the United States.

The firm manages $71.23 million in discretionary accounts and $48.78 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $194.63 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $200.75 thousand.

Investments

The firm invests in other assets the most. They account for 72% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 17% of the firm’s portfolio. Investments in exchange traded securities form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Old Oak Financial Planning, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Terry Lee Rawsky serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Terry Lee Rawsky is high net worth individuals with 32 clients and $62.99 million of assets under management. Among the 4 most similar advisory firms, Old Oak Financial Planning has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $120.02 million for 239 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.

Old Oak Financial Planning doesn't advise any private funds.

Careers at Old Oak Financial Planning, Inc.

The company employs 2 people that are either part- or full-time employees. 100 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.

Terry Lee Rawsky has been acting as President since 1 Dec 1994. Mark Edward Garbacik joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Terry Lee Rawsky	President	1 Dec 1994	75% - 100%	2323003
Elaine Marie Rawsky	Vice-president	1 Dec 1994	Other	4603763
Mark Edward Garbacik	Chief compliance officer	1 Apr 2015	Other	1522425

Based in Brighton

The principal office where Old Oak Financial Planning, Inc. performs its advisory services is located at 7077 Fieldcrest Dr., Brighton, MI 48116, 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 810-220-4400 or by fax 810-220-8818. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at oldoakfinancial.com.