Oakmont Advisory Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers. Financial planning was provided to 251–500 clients last fiscal year.
Oakmont Advisory Group reports 476 clients. They include 415 individual clients, 58 high-net-worth individuals, and 3 pension and profit-sharing plans. Of its assets, 94.7% ($142M across 1,112 accounts) are managed with discretion; $7.89M across 34 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 87% | 51% |
| High-net-worth individuals | 12% | 48% |
| Pension and profit-sharing plans | <1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 415 | $75.5M | 50.5% | $182K |
| High-net-worth individuals | 58 | $71.4M | 47.8% | $1.23M |
| Pension and profit-sharing plans | Fewer than 5 | $2.53M | 1.7% | $845K |
| Total | 476 | $150M | 100% | — |
- Clients
- 415
- Regulatory AUM
- $75.5M
- AUM share
- 50.5%
- Avg. per client
- $182K
- Clients
- 58
- Regulatory AUM
- $71.4M
- AUM share
- 47.8%
- Avg. per client
- $1.23M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.53M
- AUM share
- 1.7%
- Avg. per client
- $845K
Total
- Clients
- 476
- Regulatory AUM
- $150M
- 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
- 251–500
Oakmont Advisory Group charges 0.45%–1.20% a year for its Portfolio Management Fees. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Pension Consulting Services
- Asset-based pension consulting fees: 1.20% up to $500,000, 0.95% to $1,000,000, 0.75% to $3,000,000 and 0.45% above that, generally negotiable.
Ralph Hicks owns 50% to 75% of Oakmont Advisory Group. The leadership team of Oakmont Advisory Group includes Chief Compliance Officer David Hicks. It has 7 employees, 3 of them in advisory roles.
Staff
- 7 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 50% to 75% of Oakmont Advisory Group, LLC
Ralph Hicks
Control person · since October 2011
- Owns 50% to 75% of Oakmont Advisory Group, LLC
David Hicks
Control person · since January 2020
Oakmont Advisory Group’s regulatory assets grew from $108M (March 2024) to $150M (May 2026); clients fell from 674 to 476 and employees were 7 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| May 2026May 2026 | $150M | 476 | 7 | 1 |
| Mar 2025March 2025 | $127M | 491 | 7 | 1 |
| Mar 2024March 2024 | $108M | 674 | 7 | 1 |
Besides its headquarters, Oakmont Advisory Group has 0 offices, with 1 listed address in 1 state.
New Mexico · 1 listed address
- 2001 Carlisle BLVD Ne, Suite D, AlbuquerqueHQ
Contact and registration details
- Legal name
- Oakmont Advisory Group, LLC
- Headquarters
- 2001 Carlisle BLVD Ne, Suite D, Albuquerque, NM 87110-4939
- Website
- oakmontadvisory.com
- Phone
- 505-821-6966
- @oakmont-advisory-group
- SEC file
- 801-128685
- Structure
- New Mexico LLC
- Fiscal year end
- December
Oakmont Advisory Group’s named custodian for separately managed accounts is Altruist ($130M). Oakmont Advisory Group does not have custody of client assets.
- AltruistAltruist Financial LLC · Culver City, CA · $130M100%
At year end, Oakmont Advisory Group’s separately managed accounts were mostly in funds (69%) and stocks (19%). Its reported 13F holdings for the quarter ended 30 June 2026 total $119M across 526 positions; the largest are Vanguard Index Fds (12.6%), Dimensional ETF Trust (5.1%) and Vanguard Tax-managed Fds (4.0%).
What the accounts hold
- Stocks19%
- Funds69%
- Cash12%
How many clients does Oakmont Advisory Group have?
Oakmont Advisory Group has 476 clients and manages $150 million for them, as of May 2026. They include 415 individual clients, 58 high-net-worth individuals, and 3 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 May 2026
What services does Oakmont Advisory Group offer?
Oakmont Advisory Group provides financial planning, portfolio management for individuals and small businesses, 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
How much does Oakmont Advisory Group charge?
Oakmont Advisory Group charges 0.45%–1.20% a year for its Portfolio Management Fees. The fee is billed in arrears and is negotiable.
Which custodians does Oakmont Advisory Group use?
Oakmont Advisory Group’s separately managed account assets are held at Altruist Financial LLC (Culver City, CA), with $130M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 May 2026
How many financial advisors does Oakmont Advisory Group have?
Oakmont Advisory Group has 3 investment adviser representatives registered with state securities authorities, out of 7 employees, and 3 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 Oakmont Advisory Group invest in?
At the end of its last fiscal year, Oakmont Advisory Group’s separately managed accounts held 69% registered funds (mutual funds, ETFs, BDCs), 19% exchange-traded equities and 12% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Oakmont Advisory Group?
Oakmont Advisory Group’s direct owners are Ralph Hicks (50% to 75%) and David Hicks (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 26 May 2026
How does Oakmont Advisory Group get paid?
Oakmont Advisory Group 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 Oakmont Advisory Group?
Oakmont Advisory Group’s main office is at 2001 Carlisle BLVD Ne, Suite D, Albuquerque, NM 87110-4939. Its phone number is 505-821-6966. Its website is oakmontadvisory.com.