Oak Financial Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, publishing newsletters, and educational seminars. Financial planning was provided to 101–250 clients last fiscal year.
Oak Financial Group reports 131 clients. They include 80 high-net-worth individuals, 42 individual clients, and 9 pension and profit-sharing plans. Of its assets, 98.8% ($175M across 131 accounts) are managed with discretion; $2.08M across 7 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 32% | 22% |
| High-net-worth individuals | 61% | 73% |
| Banking or thrift institutions | 0% | 0% |
| Pension and profit-sharing plans | 7% | 5% |
| Charitable organizations | Fewer than 5 | 0% |
| Other client typesState or municipal government entities; Other investment advisers; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses | Not reported | 0% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 42 | $38.9M | 21.9% | $925K |
| High-net-worth individuals | 80 | $130M | 73.3% | $1.62M |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| Pension and profit-sharing plans | 9 | $8.47M | 4.8% | $941K |
| Charitable organizations | Fewer than 5 | $0 | 0.0% | — |
| State or municipal government entities | Fewer than 5 | $0 | 0.0% | — |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| Insurance companies | Fewer than 5 | $0 | 0.0% | — |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 | 0.0% | — |
| Corporations and other businesses | Fewer than 5 | $0 | 0.0% | — |
| Total | 131 | $177M | 100% | — |
- Clients
- 42
- Regulatory AUM
- $38.9M
- AUM share
- 21.9%
- Avg. per client
- $925K
- Clients
- 80
- Regulatory AUM
- $130M
- AUM share
- 73.3%
- Avg. per client
- $1.62M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 9
- Regulatory AUM
- $8.47M
- AUM share
- 4.8%
- Avg. per client
- $941K
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 131
- Regulatory AUM
- $177M
- 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
- Financial planning clients last fiscal year
- 101–250
Oak Financial Group charges 1.00% for its Investment supervisory services. The brochure does not state whether the rate is annual. The fee is billed in advance, is negotiable and has a $5,000 annual minimum.
Fee details and sources
Neil Hackman owns 75% or more of Oak Financial Group. The leadership team of Oak Financial Group includes President Neil Hackman, Chief Investment Officer Kyra Palmer and Chief Compliance Officer Korinne Murphy. It has 4 employees, 2 of them in advisory roles.
Leadership
Neil HackmanPresident, CIO, CEO & Owner
Korinne MurphyChief Operations Officer & Chief Compliance Officer- Merryl HackmanSecretary
Kyra PalmerCo-Chief Investment Officer
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Oak Financial Group Inc
Neil Hackman
Control person · since February 1990
Oak Financial Group’s regulatory assets went from $180M (March 2021) to $177M (March 2026); clients fell from 195 to 131 and employees were 4 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $177M | 131 | 4 | 1 |
| March 2025 | $147M | 133 | 4 | 1 |
| March 2024 | $141M | 139 | 4 | 1 |
| March 2023 | $145M | 145 | 4 | 1 |
| March 2022 | $159M | 154 | 4 | 1 |
| March 2021 | $180M | 195 | 4 | 1 |
Besides its headquarters, Oak Financial Group has 0 offices, with 1 listed address with no US state reported.
Contact and registration details
- Legal name
- Oak Financial Group Inc
- Headquarters
- Not reported
- Website
- oakfingroup.com
- Phone
- 203-329-9043
- SEC file
- 801-40926
- Structure
- Connecticut corporation
- Fiscal year end
- December
Oak Financial Group uses Charles Schwab ($177M) as custodian for its separately managed accounts. Oak Financial Group does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $177M100%
At year end, Oak Financial Group’s separately managed accounts were mostly in bonds (51%) and stocks (12%).
What the accounts hold
- Stocks12%
- Bonds51%
- Cash3%
- Other34%
- Mutual funds, basket of minimally correlated investments to all sectors and indexes34%
How many clients does Oak Financial Group have?
Oak Financial Group has 131 clients and manages $177 million for them, as of March 2026. They include 80 high-net-worth individuals, 42 individual clients, and 9 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 March 2026
What services does Oak Financial Group offer?
Oak Financial Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, publishing newsletters, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Oak Financial Group charge?
Oak Financial Group charges 1.00% for its Investment supervisory services. The brochure does not state whether the rate is annual. The fee is billed in advance, is negotiable and has a $5,000 annual minimum.
Source: OAK ADV2B, filed 17 March 2026
Which custodians does Oak Financial Group use?
Oak Financial Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $177M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 March 2026
How many financial advisors does Oak Financial Group have?
Oak Financial Group has 2 investment adviser representatives registered with state securities authorities, out of 4 employees, and 2 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 Oak Financial Group invest in?
At the end of its last fiscal year, Oak Financial Group’s separately managed accounts held 51% U.S. government and agency bonds, 34% other, 12% non-exchange-traded equities and 3% cash and equivalents. The 34% other category is described as: Mutual Funds, Basket of Minimally Correlated Investments to All Sectors and Indexes.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Oak Financial Group?
Oak Financial Group’s direct owner is Neil Hackman (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 17 March 2026
How does Oak Financial Group get paid?
Oak Financial Group is paid through a percentage of assets under management 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 Oak Financial Group?
Its phone number is 203-329-9043. Its website is oakfingroup.com.