Oakworth Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers, education planning, estate planning, insurance, and tax planning. Financial planning was provided to 51–100 clients last fiscal year.
Oakworth Asset Management reports 565 clients. They include 373 individual clients, 166 high-net-worth individuals, and 26 corporations and other businesses. Of its assets, 100.0% ($846M across 746 accounts) are managed with discretion. It advised 10 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 66% | 20% |
| High-net-worth individuals | 29% | 64% |
| Corporations and other businesses | 5% | 16% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 373 | $171M | 20.3% | $460K |
| High-net-worth individuals | 166 | $540M | 63.8% | $3.25M |
| Corporations and other businesses | 26 | $135M | 15.9% | $5.18M |
| Total | 565 | $846M | 100% | $1.5M |
- Clients
- 373
- Regulatory AUM
- $171M
- AUM share
- 20.3%
- Avg. per client
- $460K
- Clients
- 166
- Regulatory AUM
- $540M
- AUM share
- 63.8%
- Avg. per client
- $3.25M
- Clients
- 26
- Regulatory AUM
- $135M
- AUM share
- 15.9%
- Avg. per client
- $5.18M
Total
- Clients
- 565
- Regulatory AUM
- $846M
- AUM share
- 100%
- Avg. per client
- $1.5M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 10
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Oakworth Asset Management is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consulting
- Stand-alone fixed fee from $2,000 to $20,000, negotiable by scope; may be offset against later advisory fees.
Oakworth Capital Bank Inc owns 75% or more of Oakworth Asset Management and is in turn owned by Oakworth Capital Inc (75% or more). The leadership team of Oakworth Asset Management includes Chief Investment Officer John Norris and Chief Compliance Officer Michelle Smith. It has 20 employees, 19 of them in advisory roles.
Leadership
- Michelle SmithChief Compliance Officer
John NorrisManaging Director and Chief Investment Officer
Investment adviser representatives
18 representatives listed in the SEC register as of 9 October 2026.
Staff
- 20 employees
- 19 in advisory functions
- 19 state-registered reps
- Owns 75% or more of Oakworth Asset Management, LLC
Oakworth Capital Bank Inc
Control person · since March 2025
- Owns 75% or more of Oakworth Capital Bank Inc
Oakworth Capital Inc
Control person · since March 2013
Oakworth Asset Management’s regulatory assets grew Infinity× from $0 (July 2025) to $846M (March 2026); employees rose from 15 to 20.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $846M | 565 | 20 | 4 |
| July 2025 | $0 | 0 | 15 | 4 |
Besides its headquarters, Oakworth Asset Management has 3 offices, with 4 listed addresses in Alabama, North Carolina and Tennessee.
Alabama · 2 listed addresses
- 850 Shades Creek Parkway, Suite 200, BirminghamHQ
- 1 St. Louis Street, Mobile
North Carolina · 1 listed address
- 6000 Fairview Road, Charlotte
Tennessee · 1 listed address
- 5511 Virginia Way, Brentwood
Contact and registration details
- Legal name
- Oakworth Asset Management, LLC
- Headquarters
- 850 Shades Creek Parkway, Suite 200, Birmingham, AL 35209
- Website
- oakworth.com
- Phone
- 205-263-4700
- SEC file
- 801-132789
- Structure
- Delaware LLC
- Fiscal year end
- December
Oakworth Asset Management uses Axos Clearing ($805M, 95%) and Oakworthcapital Bank ($41.8M, 5%) as custodians for its separately managed accounts. Oakworth Asset Management has custody of $41.8M in client assets for 565 clients.
- Axos ClearingAxos Clearing LLC · Omaha, NE · $805M95%
- Oakworthcapital BankOakworthcapital Bank · Birmingham, AL · $41.8M5%
At year end, Oakworth Asset Management’s separately managed accounts were mostly in funds (75%) and stocks (17%).
What the accounts hold
- Stocks17%
- Exchange-traded equities16%
- Non-exchange-traded equities1%
- Funds75%
- Bonds4%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- High-yield corporate bonds1%
- Cash4%
How many clients does Oakworth Asset Management have?
Oakworth Asset Management has 565 clients and manages $846 million for them, as of March 2026. They include 373 individual clients, 166 high-net-worth individuals, and 26 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Oakworth Asset Management offer?
Oakworth Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers, education planning, estate planning, insurance, 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
Which custodians does Oakworth Asset Management use?
Oakworth Asset Management’s separately managed account assets are held at Axos Clearing LLC (Omaha, NE), with $805M and Oakworthcapital Bank (Birmingham, AL), with $41.8M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does Oakworth Asset Management have?
Oakworth Asset Management has 19 investment adviser representatives registered with state securities authorities, out of 20 employees, and 19 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 Oakworth Asset Management invest in?
At the end of its last fiscal year, Oakworth Asset Management’s separately managed accounts held 75% registered funds (mutual funds, ETFs, BDCs), 16% exchange-traded equities, 4% cash and equivalents, 1% non-exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local bonds, 1% investment grade corporate bonds and 1% high-yield corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Oakworth Asset Management?
Oakworth Asset Management is owned through a holding company by Oakworth Capital Inc. Its direct owner is Oakworth Capital Bank Inc (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Oakworth Asset Management get paid?
Oakworth Asset Management 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
Is Oakworth Asset Management registered with the SEC?
Yes, Oakworth Asset Management has been registered with the SEC as an investment adviser since 1 July 2025. Its CRD number is 335388 and its SEC file number is 801-132789.
Source: Form ADV Part 1A, Item 1, filed 27 March 2026; IAPD firm record
How do I contact Oakworth Asset Management?
Oakworth Asset Management’s main office is at 850 Shades Creek Parkway, Suite 200, Birmingham, AL 35209. Its phone number is 205-263-4700. Its website is oakworth.com.