Live Oak Private Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 101–250 clients last fiscal year.
Live Oak Private Wealth reports 494 clients. They include 268 high-net-worth individuals, 208 individual clients and 10 charitable organizations. Of its assets, 100.0% ($1.32B across 1,157 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $974M. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 42% | 10% |
| High-net-worth individuals | 54% | 86% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | 2% | 2% |
| Corporations and other businesses | 1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 208 | $130M | 9.9% | $627K |
| High-net-worth individuals | 268 | $1.14B | 86.2% | $4.25M |
| Pension and profit-sharing plans | Fewer than 5 | $1.37M | 0.1% | $1.37M |
| Charitable organizations | 10 | $20.3M | 1.5% | $2.03M |
| Corporations and other businesses | 7 | $30.4M | 2.3% | $4.35M |
| Total | 494 | $1.32B | 100% | — |
- Clients
- 208
- Regulatory AUM
- $130M
- AUM share
- 9.9%
- Avg. per client
- $627K
- Clients
- 268
- Regulatory AUM
- $1.14B
- AUM share
- 86.2%
- Avg. per client
- $4.25M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.37M
- AUM share
- 0.1%
- Avg. per client
- $1.37M
- Clients
- 10
- Regulatory AUM
- $20.3M
- AUM share
- 1.5%
- Avg. per client
- $2.03M
- Clients
- 7
- Regulatory AUM
- $30.4M
- AUM share
- 2.3%
- Avg. per client
- $4.35M
Total
- Clients
- 494
- Regulatory AUM
- $1.32B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Live Oak Private Wealth charges 0.40%–1.50% a year for its Investment Management Fees. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable, has a $7,500 annual minimum and requires an account of at least $250,000. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.50% |
| $500K–$1M | 1.25% |
| $1M–$2M | 1.00% |
| $2M–$5M | 0.80% |
| $5M–$10M | 0.60% |
| $10M–$20M | 0.50% |
| $20M and above | 0.40% |
Fee details and sources
Other fees
- Financial Planning and Consulting
- Stand-alone financial planning and consulting is a fixed fee of $500 to $150,000 or an hourly fee of $250 to $500, negotiable.
Live Oak Banking Company owns 75% or more of Live Oak Private Wealth and is in turn owned by Live Oak Bancshares, Inc. (75% or more). The leadership team of Live Oak Private Wealth includes Chief Investment Officer John Coleman and Chief Financial Officer Walter Phifer. It has 12 employees.
Leadership
- Walter PhiferChief Financial Officer
- Andrew BasingerCEO
- John ColemanCo-Chief Investment Officer
- Frank JolleyCo-Chief Investment Officer
- James MahanManager
- Terry SappChief
- Gregory SewardGeneral Counsel
Investment adviser representatives
10 representatives listed in the SEC register as of 9 October 2026.
- Andrew Marshall Basinger III
- Mary Angela Bolton
- John William Coleman III
- William Henry Collier IV
- Adam Landon Easley
- Daniel B Hughes
- Frank Gehman Jolley
- Connor Cowden Keller
- Amanda Katherine Miars
- Terry Webb Sapp
Staff
- 12 employees
- 12 in advisory functions
- 9 state-registered reps
- Owns 75% or more of Live Oak Private Wealth, LLC
Live Oak Banking Company
Control person · since June 2018
- Owns 75% or more of Live Oak Banking Company
Live Oak Bancshares, Inc.
Control person · since March 2009
Live Oak Private Wealth’s regulatory assets grew 2.2× from $592M (March 2021) to $1.32B (April 2026); clients rose from 390 to 494 and employees from 11 to 12. In 2020, Jolley Asset Management joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| April 2026 | $1.32B | 494 | 12 | 2 |
| February 2025 | $1.07B | 478 | 12 | 2 |
| March 2024 | $952M | 468 | 11 | 2 |
| March 2023 | $830M | 443 | 13 | 2 |
| March 2022 | $836M | 427 | 13 | 2 |
| March 2021 | $592M | 390 | 11 | 2 |
Firms that joined
20201 joined
- Jolley Asset ManagementNo filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, Live Oak Private Wealth has 1 office, with 2 listed addresses in North Carolina.
North Carolina · 2 listed addresses
- 1741 Tiburon Drive, WilmingtonHQ
- 210 Bryant Street, Rocky Mount
Contact and registration details
- Legal name
- Live Oak Private Wealth, LLC
- Headquarters
- 1741 Tiburon Drive, Wilmington, NC 28403
- Website
- liveoakprivatewealth.com
- Phone
- 844-469-5679
- @live-oak-private-wealth
- SEC file
- 801-113818
- Structure
- North Carolina LLC
- Fiscal year end
- December
Live Oak Private Wealth uses Charles Schwab ($1.31B) as custodian for its separately managed accounts. Live Oak Private Wealth has custody of $233M in client assets for 109 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.31B100%
At year end, Live Oak Private Wealth’s separately managed accounts were mostly in stocks (57%) and bonds (21%). Its reported 13F holdings for the quarter ended 30 June 2026 total $800M across 211 positions; the largest are Dimensional ETF Trust (5.2%), Berkshire Hathaway Inc. Del (3.9%) and Apple Inc. (2.6%).
What the accounts hold
- Stocks57%
- Funds9%
- Bonds21%
- U.S. government and agency bonds10%
- Investment grade corporate bonds8%
- State and local bonds3%
- Cash13%
Reported 13F holdings
- $800M
- Reported 13F value
- 211
- Positions
- 27.8%
- In the 10 largest
- +11.5%
- Value vs. prior quarter
- Dimensional ETF Trust · US Core EQT Mkt5.2%
- Berkshire Hathaway Inc. Del · CL B New3.9%
- Apple Inc.2.6%
- Dimensional ETF Trust · World EX US Core2.6%
- Alphabet Inc. · Cap Stk CL C2.5%
- Bank OF Amer Corp.2.5%
- Schwab Charles Corp.2.3%
- Alphabet Inc. · Cap Stk CL A2.3%
- JPMORGAN Chase & CO2.0%
- Cisco Sys Inc.2.0%
Together, the ten largest are 27.8% of reported value.
How many clients does Live Oak Private Wealth have?
Live Oak Private Wealth has 494 clients and manages $1.32 billion for them, as of April 2026. They include 268 high-net-worth individuals, 208 individual clients and 10 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 29 April 2026
What services does Live Oak Private Wealth offer?
Live Oak Private Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Live Oak Private Wealth charge?
Live Oak Private Wealth charges 0.40%–1.50% a year for its Investment Management Fees. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable, has a $7,500 annual minimum and requires an account of at least $250,000.
Source: LIVE OAK ADV PART 2A FINAL 4.29.2026, filed 29 April 2026
Which custodians does Live Oak Private Wealth use?
Live Oak Private Wealth’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.31B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 April 2026
How many financial advisors does Live Oak Private Wealth have?
Live Oak Private Wealth has 9 investment adviser representatives registered with state securities authorities, out of 12 employees, and 12 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Live Oak Private Wealth invest in?
At the end of its last fiscal year, Live Oak Private Wealth’s separately managed accounts held 57% exchange-traded equities, 13% cash and equivalents, 10% U.S. government and agency bonds, 9% registered funds (mutual funds, ETFs, BDCs), 8% investment grade corporate bonds and 3% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Live Oak Private Wealth have a minimum investment?
Yes, Live Oak Private Wealth’s minimum account size for its Investment Management Fees is $250K. It charges a $7.5K annual minimum fee.
Source: LIVE OAK ADV PART 2A FINAL 4.29.2026, filed 29 April 2026
Who owns Live Oak Private Wealth?
Live Oak Private Wealth is owned through a holding company by Live Oak Bancshares, Inc. Its direct owner is Live Oak Banking Company (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 29 April 2026
How does Live Oak Private Wealth get paid?
Live Oak Private Wealth is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Live Oak Private Wealth?
Live Oak Private Wealth’s main office is at 1741 Tiburon Drive, Wilmington, NC 28403. Its phone number is 844-469-5679. Its website is liveoakprivatewealth.com.