Clients
Angel Oak Capital Advisors serves 34 clients, 13 of them pooled investment vehicles. The average client has about $338 million with the firm.
- Investment companies11 clients60%
- Pooled investment vehicles13 clients17%
- Pension and profit-sharing plans9%
- Insurance companies10 clients13%
- OtherBanking or thrift institutions, Other investment advisers2%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Banking or thrift institutions | Not reported | $141,576,879 | 1.2% | — |
| Investment companies | 11 | $6,899,861,634 | 60.0% | $627.3M |
| Pooled investment vehicles | 13 | $1,900,761,839 | 16.5% | $146.2M |
| Pension and profit-sharing plans | Not reported | $1,047,137,372 | 9.1% | — |
| Other investment advisers | Not reported | $59,954,006 | 0.5% | — |
| Insurance companies | 10 | $1,444,621,805 | 12.6% | $144.5M |
| Total | 34 | $11,493,913,535 | 100% | $338.1M |
- Clients
- Not reported
- Regulatory AUM
- $141,576,879
- Share
- 1.2%
- Avg. per client
- —
- Clients
- 11
- Regulatory AUM
- $6,899,861,634
- Share
- 60.0%
- Avg. per client
- $627.3M
- Clients
- 13
- Regulatory AUM
- $1,900,761,839
- Share
- 16.5%
- Avg. per client
- $146.2M
- Clients
- Not reported
- Regulatory AUM
- $1,047,137,372
- Share
- 9.1%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $59,954,006
- Share
- 0.5%
- Avg. per client
- —
- Clients
- 10
- Regulatory AUM
- $1,444,621,805
- Share
- 12.6%
- Avg. per client
- $144.5M
Total
- Clients
- 34
- Regulatory AUM
- $11,493,913,535
- Share
- 100%
- Avg. per client
- $338.1M
What it does
Angel Oak Capital Advisors provides portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets, fixed fees and performance-based fees.
Angel Oak Capital Advisors advises 9 private funds.
98.7% of assets ($11.35B across 37 accounts) are managed with discretion; $147.6M across 2 accounts are not. 10% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Bonds25%
- Investment grade corporate bonds24%
- U.S. government and agency bonds1%
- Cash1%
- Other74%
- Asset-backed securities, collateralized debt obligations, collateralized loan obligations, commercial mortgage-backed securities, preferreds, residential mortgage-backed securities, whole loans70%
- Derivatives4%
Custodians
Angel Oak Capital Advisors’ client accounts are held mainly at U.S. Bank National Association, with 14% of managed assets, and Bank of New York Mellon, with 6%. Angel Oak Capital Advisors has custody of $67.4M for 1 clients.
- U.S. Bank National AssociationU.S. Bank National Association · Milwaukee, WI · $1.56B14%
- Bank of New York MellonBank of New York Mellon · New York, NY · $743.1M6%
- All other custodians$9.19B80%
Ownership and leadership
Angel Oak Asset Management Holdings, LLC owns 75% or more of Angel Oak Capital Advisors, and Michael Fierman is its CEO.
- Owns 75% or more of Angel Oak Capital Advisors, LLC
Angel Oak Asset Management Holdings, LLC
Control person · since January 2020
- Owns 75% or more of Angel Oak Asset Management Holdings, LLC
Angel Oak Companies, LP
Control person · since January 2020
- Owns 75% or more of Angel Oak Companies, LP
Angel Oak Companies, LLC
Control person · since October 2025
- Owns 50% to 75% of Angel Oak Companies, LLC
Brookfield Ao Holdings LLC
Control person · since October 2025
- Owns 75% or more of Brookfield Ao Holdings LLC
Brookfield Credit LLC
Control person · since October 2025
- Owns 75% or more of Brookfield Credit LLC
Brookfield US Inc.
Control person · since February 2024
- Owns 75% or more of Brookfield US Inc.
Brookfield US Holdings Inc.
Control person · since May 2018
- Owns 75% or more of Brookfield US Holdings Inc.
Brookfield Asset Management Ulc
Control person · since December 2022
- Owns 75% or more of Brookfield Asset Management Ulc
Brookfield Asset Management LTD.
Control person · since December 2022
Leadership
- Michael FiermanCo-Chief Executive Officer
- Sreeniwas PrabhuCo-Chief Executive Officer and Group Chief Investment Officer
- Manmohan SinghChief Financial Officer
- William EldredgeChief Compliance Officer
- Michael ColomboChief Risk Officer
- Timothy SaundersGeneral Counsel
Staff
- 78 employees
- 24 in advisory functions
- 1 state-registered rep
- 23 broker-dealer reps
- 1 insurance agent
- 3 soliciting firms
Reported holdings
Angel Oak Capital Advisors’ reported 13F holdings total $79.3M across 30 positions, and the ten largest make up 80.9% of it.
- $79.3M
- Reported 13F value
- 30
- Positions
- 80.9%
- In the 10 largest
- −11.9%
- Value vs. prior quarter
- Invesco Exch Traded FD TR II · SR LN ETF45.9%
- Angel Oak Funds Trust · High Yield Oppor8.2%
- Angel Oak Funds Trust · Total Return ETF5.9%
- iShares TR · Broad Usd High4.4%
- Angel Oak Funds Trust · Mortgage Backed4.1%
- Patriot Natl Bancorp Inc.3.2%
- Greene Cnty Bancorp Inc.2.6%
- Umb Finl Corp.2.4%
- Preferred BK Los Angeles CA2.1%
- Ellington Financial Inc.2.0%
Together, the ten largest are 80.9% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $79.3M is not its $11.49B in regulatory assets and does not represent any individual client's portfolio.
Fees
Angel Oak Capital Advisors is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.
Angel Oak Capital Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Angel Oak Capital Advisors has 2 offices, with 3 listed addresses across 3 states.
Georgia · 1 listed address
- 980 Hammond Drive, Suite 200, AtlantaHQ
New York · 1 listed address
- 1370 Avenue of the Americas, New York
Washington · 1 listed address
- 1300 114th Avenue Se, Bellevue
Registration details
- Legal name
- Angel Oak Capital Advisors, LLC
- Headquarters
- 980 Hammond Drive, Suite 200, Atlanta, GA 30328
- Phone
- 404-953-4900
- Website
- www.angeloakcapital.com
- SEC file
- 801-70670
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Angel Oak Capital Advisors have?
Angel Oak Capital Advisors has 34 clients and manages $11.5 billion for them, as of March 2026. They include 13 pooled investment vehicles, 11 investment companies and 10 insurance companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Angel Oak Capital Advisors offer?
Angel Oak Capital Advisors provides portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Angel Oak Capital Advisors use?
Angel Oak Capital Advisors’ separately managed account assets are held at U.S. Bank National Association (Milwaukee, WI), with $1,558,852,075 and Bank of New York Mellon (New York, NY), with $743,119,567. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Angel Oak Capital Advisors have?
Angel Oak Capital Advisors has 1 investment adviser representatives registered with state securities authorities, out of 78 employees, and 24 perform investment advisory functions. 23 are registered representatives of a broker-dealer and 1 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Angel Oak Capital Advisors invest in?
At the end of its last fiscal year, Angel Oak Capital Advisors’ separately managed accounts held 70% asset-backed securities, collateralized debt obligations, collateralized loan obligations, commercial mortgage-backed securities, preferreds, residential mortgage-backed securities, whole loans, 24% investment grade corporate bonds, 4% derivatives, 1% U.S. government and agency bonds and 1% cash and equivalents. It advises 9 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Angel Oak Capital Advisors?
Angel Oak Capital Advisors is owned through a chain of holding companies by Brookfield Asset Management LTD. Its direct owner is Angel Oak Asset Management Holdings, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Angel Oak Capital Advisors get paid?
Angel Oak Capital Advisors is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file