Oak Asset Management provides portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and insurance.
Oak Asset Management reports 251 clients. They include 124 high-net-worth individuals, 118 individual clients, and 4 pension and profit-sharing plans. Of its assets, 100.0% ($414M across 687 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $345M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 47% | 10% |
| High-net-worth individuals | 49% | 88% |
| Pension and profit-sharing plans | 2% | 2% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | 2% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 118 | $41.1M | 9.9% | $348K |
| High-net-worth individuals | 124 | $365M | 88.1% | $2.94M |
| Pension and profit-sharing plans | Fewer than 5 | $7.64M | 1.8% | $1.91M |
| Charitable organizations | Fewer than 5 | $175K | 0.0% | $175K |
| Corporations and other businesses | Fewer than 5 | $182K | 0.0% | $45.5K |
| Total | 251 | $414M | 100% | — |
- Clients
- 118
- Regulatory AUM
- $41.1M
- AUM share
- 9.9%
- Avg. per client
- $348K
- Clients
- 124
- Regulatory AUM
- $365M
- AUM share
- 88.1%
- Avg. per client
- $2.94M
- Clients
- Fewer than 5
- Regulatory AUM
- $7.64M
- AUM share
- 1.8%
- Avg. per client
- $1.91M
- Clients
- Fewer than 5
- Regulatory AUM
- $175K
- AUM share
- 0.0%
- Avg. per client
- $175K
- Clients
- Fewer than 5
- Regulatory AUM
- $182K
- AUM share
- 0.0%
- Avg. per client
- $45.5K
Total
- Clients
- 251
- Regulatory AUM
- $414M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Oak Asset Management charges up to 1.50% a year for its Wrap Comprehensive Portfolio Management. The fee is billed in advance and is negotiable.
Fee details and sources
Jack Noe owns 25% to 50% of Oak Asset Management. The leadership team of Oak Asset Management includes Chief Compliance Officer Thomas Robertson. It has 4 employees.
Leadership
- Thomas RobertsonManaging Partner and Chief Compliance Officer
- Jack NoeManaging Partner
- Janet RobinsonManaging Partner
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 4 in advisory functions
- 4 state-registered reps
- 2 insurance agents
- Owns 25% to 50% of Oak Asset Management, LLC
Jack Noe
Control person · since April 2017
- Owns 25% to 50% of Oak Asset Management, LLC
Janet Robinson
Control person · since April 2017
- Owns 25% to 50% of Oak Asset Management, LLC
Thomas Robertson
Control person · since April 2017
- Owns 25% to 50% of Oak Asset Management, LLC
Plateau Advisors, LLC
Control person · since January 2020
- Owns 25% to 50% of Plateau Advisors, LLC
David Watson
Control person · since January 2020
Oak Asset Management’s regulatory assets grew from $300M (July 2021) to $414M (February 2026); clients rose from 220 to 251 and employees were 4 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $414M | 251 | 4 | 3 |
| February 2025 | $383M | 263 | 4 | 3 |
| February 2024 | $349M | 248 | 4 | 3 |
| March 2023 | $312M | 246 | 4 | 3 |
| February 2022 | $353M | 232 | 4 | 3 |
| July 2021 | $300M | 220 | 4 | 3 |
Besides its headquarters, Oak Asset Management has 2 offices, with 3 listed addresses in Arizona, California and Nevada.
Arizona · 1 listed address
- 123 So. San Francisco St., Flagstaff
California · 1 listed address
- 2535 Townsgate Road, Suite 300, Westlake VillageHQ
Nevada · 1 listed address
- 10161 Park Run Drive, Las Vegas
Contact and registration details
- Legal name
- Oak Asset Management, LLC
- Headquarters
- 2535 Townsgate Road, Suite 300, Westlake Village, CA 91361
- Website
- oakasset.com
- Phone
- 805-778-0818
- @4045762
- SEC file
- 801-110296
- Founded
- 2003
- Structure
- California LLC
- Fiscal year end
- December
Oak Asset Management uses Wells Fargo Clearing Services ($414M) as custodian for its separately managed accounts. Oak Asset Management has custody of $106M in client assets for 121 clients.
- Wells Fargo Clearing ServicesWells Fargo Clearing Services, LLC · St. Louis, MO · $414M100%
At year end, Oak Asset Management’s separately managed accounts were mostly in stocks (71%) and funds (23%). Its reported 13F holdings for the quarter ended 30 June 2026 total $311M across 115 positions; the largest are Apple Inc. (11.6%), Amgen Inc. (6.7%) and Nvidia Corporation (5.9%).
What the accounts hold
- Stocks71%
- Funds23%
- Bonds2%
- Cash4%
Reported 13F holdings
- $311M
- Reported 13F value
- 115
- Positions
- 45.1%
- In the 10 largest
- +7.1%
- Value vs. prior quarter
- Apple Inc.11.6%
- Amgen Inc.6.7%
- Nvidia Corporation5.9%
- Chevron Corporation4.2%
- Rtx Corporation3.5%
- Qualcomm Inc.3.5%
- Abbvie Inc.2.8%
- Fastenal CO2.8%
- Johnson & Johnson2.1%
- Microsoft Corp.2.1%
Together, the ten largest are 45.1% of reported value.
How many clients does Oak Asset Management have?
Oak Asset Management has 251 clients and manages $414 million for them, as of February 2026. They include 124 high-net-worth individuals, 118 individual clients, and 4 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 February 2026
What services does Oak Asset Management offer?
Oak Asset Management provides portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and insurance.
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 Oak Asset Management charge?
Oak Asset Management charges up to 1.50% a year for its Wrap Comprehensive Portfolio Management. The fee is billed in advance and is negotiable.
Source: FORM ADV PART 2A, APP 1 - WRAP BROCHURE, filed 23 February 2026
Which custodians does Oak Asset Management use?
Oak Asset Management’s separately managed account assets are held at Wells Fargo Clearing Services, LLC (St. Louis, MO), with $414M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 February 2026
How many financial advisors does Oak Asset Management have?
Oak Asset Management has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees 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 Oak Asset Management invest in?
At the end of its last fiscal year, Oak Asset Management’s separately managed accounts held 71% exchange-traded equities, 23% registered funds (mutual funds, ETFs, BDCs), 4% cash and equivalents and 2% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Oak Asset Management?
Oak Asset Management is owned through a holding company by David Watson. Its direct owners are Jack Noe, Janet Robinson, Thomas Robertson and Plateau Advisors, LLC, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 23 February 2026
How does Oak Asset Management get paid?
Oak Asset Management is paid through a percentage of assets under management. 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 Oak Asset Management?
Oak Asset Management’s main office is at 2535 Townsgate Road, Suite 300, Westlake Village, CA 91361. Its phone number is 805-778-0818. Its website is oakasset.com.