Oakwood Counselors Inc (Morganville)

Oakwood Counselors Inc is a large advisory firm based in Morganville. It manages $36.55 million of regulatory assets for 112 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Florida, Maryland, New Jersey, and New York.

Oakwood Counselors provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Oakwood Counselors: assets under management

The assets under management (AUM) of Oakwood Counselors Inc is $36.55 million. The firm's AUM has gone down by -31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $35.01 million in discretionary accounts and $1.54 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $324.15 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $384.69 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Oakwood Counselors Inc for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Oakwood Counselors Inc

Paul Jay Sherman has been acting as President since 1 May 1973. Carl Richard Sherman joined the executive team most recently as the Treasurer And Secretary.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul Jay Sherman	President	1 May 1973	75% - 100%	1015284
Carl Richard Sherman	Treasurer and secretary	1 Feb 1997	Other	4335632
Jeffrey Bart Cohen	Chief executive officer	1 Feb 2005	Other	2316077

Based in Morganville

The principal office where Oakwood Counselors Inc performs its advisory services is located at 50 Hwy Nine, Morganville, NJ 07751, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.