{"url":"https://nivawealth.com/firms/royal-oak-financial-advisors-290152","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/290152","regulatoryAum":366124000,"crd":"290152","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7818217","suffix":null,"lastName":"AFIF","firstName":"PHILLIP","middleName":"EDUARDO"},{"crd":"5087618","suffix":null,"lastName":"BRANCH","firstName":"BRIAN","middleName":"RICHARD"},{"crd":"4980762","suffix":null,"lastName":"DYER","firstName":"JOHN","middleName":"MICHAEL"},{"crd":"5157556","suffix":null,"lastName":"ERICKSON","firstName":"PAUL","middleName":"EDGAR"},{"crd":"7271587","suffix":null,"lastName":"Gappy","firstName":"Hans","middleName":"Thomas"},{"crd":"7679098","suffix":null,"lastName":"Gingell","firstName":"Jacob","middleName":"Edward"},{"crd":"2661332","suffix":null,"lastName":"MULCAHY","firstName":"ROBERT","middleName":"CHARLES"},{"crd":"8099470","suffix":null,"lastName":"Shoop","firstName":"Aidan","middleName":"Ohlsen"},{"crd":"4522151","suffix":null,"lastName":"SHOOP","firstName":"RYAN","middleName":"ELLIOT"},{"crd":"2241415","suffix":null,"lastName":"WESTWOOD","firstName":"JAMES","middleName":"BRENDAHL"}],"total":10,"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":"2021-03-11","regulatoryAum":177000000,"clients":505,"employees":5,"offices":1},{"filedOn":"2022-05-02","regulatoryAum":201000000,"clients":603,"employees":5,"offices":1},{"filedOn":"2023-03-02","regulatoryAum":192650968,"clients":670,"employees":5,"offices":1},{"filedOn":"2024-03-20","regulatoryAum":250000000,"clients":712,"employees":6,"offices":1},{"filedOn":"2025-05-09","regulatoryAum":309238870,"clients":743,"employees":7,"offices":2},{"filedOn":"2026-08-05","regulatoryAum":366124000,"clients":765,"employees":7,"offices":3}],"secFileNumber":"801-114096","legalName":"Royal Oak Financial Advisors, LLC","displayName":"Royal Oak Financial Advisors","slug":"royal-oak-financial-advisors-290152","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/royal-aok-financial-advisors","founded":null,"organization":"Michigan limited liability company","fiscalYearEnd":"December","headquarters":{"street":"512 N. 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They include 700 individual clients, 62 high-net-worth individuals and 3 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 5 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Royal Oak Financial Advisors offer?","answer":"Royal Oak Financial Advisors provides financial planning, portfolio management for individuals and small businesses, and pension consulting.","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 Royal Oak Financial Advisors charge?","answer":"Royal Oak Financial Advisors charges up to 2.00% a year for its Portfolio Management. The fee is billed in advance and is negotiable.","source":"FIRM BROCHURE - ADV PART 2A, filed 5 August 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Royal Oak Financial Advisors use?","answer":"Royal Oak Financial Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Omaha, NE), with $367M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 5 August 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Royal Oak Financial Advisors have?","answer":"Royal Oak Financial Advisors has 7 investment adviser representatives registered with state securities authorities, out of 7 employees, and 7 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 6 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Royal Oak Financial Advisors invest in?","answer":"At the end of its last fiscal year, Royal Oak Financial Advisors’ separately managed accounts held 68% exchange-traded equities, 12% cash and equivalents, 9% U.S. government and agency bonds and 9% state and local bonds.","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 Royal Oak Financial Advisors?","answer":"Royal Oak Financial Advisors’ direct owners are Robert Mulcahy (50% to 75%) and Paul Erickson (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 5 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Royal Oak Financial Advisors get paid?","answer":"Royal Oak Financial Advisors 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 Royal Oak Financial Advisors?","answer":"Royal Oak Financial Advisors’ main office is at 512 N. Main Street, Ste. 100, Royal Oak, MI 48067. Its phone number is 248-709-6134.","source":"Form ADV Part 1A, Item 1.F, filed 5 August 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."}