{"url":"https://nivawealth.com/firms/oak-financial-group-106293","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/106293","regulatoryAum":177156936,"crd":"106293","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1104206","suffix":null,"lastName":"HACKMAN","firstName":"NEIL","middleName":"DAVID"},{"crd":"5322792","suffix":null,"lastName":"PALMER","firstName":"KYRA","middleName":"ELISE"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-23","regulatoryAum":180277647,"clients":195,"employees":4,"offices":1},{"filedOn":"2022-03-24","regulatoryAum":158598286,"clients":154,"employees":4,"offices":1},{"filedOn":"2023-03-24","regulatoryAum":144849726,"clients":145,"employees":4,"offices":1},{"filedOn":"2024-03-21","regulatoryAum":141126365,"clients":139,"employees":4,"offices":1},{"filedOn":"2025-03-26","regulatoryAum":146883351,"clients":133,"employees":4,"offices":1},{"filedOn":"2026-03-17","regulatoryAum":177156936,"clients":131,"employees":4,"offices":1}],"secFileNumber":"801-40926","legalName":"Oak Financial Group Inc","displayName":"Oak Financial Group","slug":"oak-financial-group-106293","website":"https://oakfingroup.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Connecticut corporation","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":[],"registration":{"secApproved":"6 March 1992","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1382686.3360655739,"staff":{"employees":4,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":177156936,"discretionary":175077266,"discretionaryAccounts":131,"nonDiscretionary":2079670,"nonDiscretionaryAccounts":7,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":42,"regulatoryAum":38854482},{"label":"High-net-worth individuals","clients":80,"regulatoryAum":129833251},{"label":"Banking or thrift institutions","clients":0,"fewerThan5":true,"regulatoryAum":0},{"label":"Pension and profit-sharing plans","clients":9,"regulatoryAum":8469203},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"State or municipal government entities","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Other investment advisers","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Insurance companies","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Sovereign wealth funds and foreign official institutions","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":0}],"feePrograms":[{"role":"main","program":"Investment supervisory services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1020213","versionId":1020213,"ratePeriod":"not_stated","fee_billing":"advance","submittedOn":"2026-03-17","documentName":"OAK ADV2B","fee_rate_low":1,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":"annual","fee_minimum_annual":5000}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T11:51:20.755358+00:00","documents":[{"name":"OAK ADV2B","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1020213","versionId":1020213,"submittedOn":"2026-03-17"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":177156936}],"custodyNote":"Oak Financial Group does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Neil Hackman","title":"President, CIO, CEO & Owner","crd":"1104206"},{"name":"Korinne Murphy","title":"Chief Operations Officer & Chief Compliance Officer","crd":"5012736"},{"name":"Merryl Hackman","title":"Secretary","crd":"4355063"},{"name":"Kyra Palmer","title":"Co-Chief Investment Officer","crd":"5322792"}],"ownership":[{"label":"Neil Hackman","detail":"President, cio, ceo & owner in the 75% or more ownership band and a control person, since February 1990."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"203-329-9043","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Publication of periodicals or newsletters","Educational seminars/workshops"],"financialPlanningClients":"101-250","assetMix":[{"label":"Non-exchange-traded equity securities","percent":12},{"label":"U.S. government/agency bonds","percent":51},{"label":"Cash and cash equivalents","percent":3},{"label":"Other","percent":34,"detail":"Mutual Funds, Basket of Minimally Correlated Investments to All Sectors and Indexes"}],"privateFunds":0},"sources":{"adv1FilingDate":"17 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/106293/PDF/106293.pdf","brochureDate":"17 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1020213","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Oak Financial Group have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Oak Financial Group offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Oak Financial Group charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Oak Financial Group use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Oak Financial Group have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Oak Financial Group invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Oak Financial Group?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Oak Financial Group get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Oak Financial Group?","answer":"Its phone number is 203-329-9043. Its website is oakfingroup.com.","source":"Form ADV Part 1A, Item 1.F, filed 17 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}