Oak Ridge Financial

What Oak Ridge Financial does

Oak Ridge Financial (legal entity: The Oak Ridge Financial Services Group, Inc.; OTCQB: BKOR) is a privately held, mid-sized boutique financial services firm headquartered in Golden Valley, Minnesota, with a secondary office in Woodbury. Founded in 1977 and acquired by current owner/CEO Russell King in November 2015, the firm operates two core business lines: Private Client Services (wealth management, retirement planning, estate and tax planning for individuals and families through more than 60 financial professionals) and Investment Banking, anchored by an Equity Capital Markets Group serving lower-middle market and small/micro-cap public and private companies with IPOs, follow-ons, PIPEs, private placements, and M&A advisory. The firm also operates a banking subsidiary, Bank of Oak Ridge.

The firm runs a hybrid broker-dealer / SEC-registered investment adviser model with revenue generated from three primary streams: securities transaction commissions, recurring investment advisory fees from Investment Adviser Representatives, and recurring account and service fees (IRA, 403(b), transfer, wire, and custodial charges). Investment banking fees from capital markets transactions are episodic and additive. Core technology is the RBC Clearing & Custody platform, which provides trade execution, clearing, and custody infrastructure — enabling Oak Ridge to offer institutional-grade back-office capabilities while maintaining boutique advisor autonomy. The firm holds FINRA and SIPC memberships and is SEC-registered as an investment adviser.

The go-to-market is relationship-driven and sales-led: advisors develop clients through direct relationships, supported by educational content (newsletters, flipbooks, calculators, a tax library) and client referrals. Revenue concentration sits in the Minneapolis / Twin Cities metro market, with the ECM group extending reach to lower-middle market issuers nationally. FY2025 revenue was $44.28M with $8.01M net income, while Q1 2026 EPS of $0.53 declined from $0.57 a year earlier, and Bank of Oak Ridge nonperforming assets rose to 1.42% of total assets as of March 2026.

Name

Oak Ridge Financial

Legal name

The Oak Ridge Financial Services Group, Inc.

Website

https://oakridgefinancial.com

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

51–100 employees

Short description

Oak Ridge Financial is a Minneapolis-based boutique broker-dealer and SEC-registered investment adviser serving individual investors and lower-middle market companies through Private Client wealth management and an Equity Capital Markets Group, with clearing via RBC and a banking subsidiary.

Ownership category

akta.pro rank

Product category

Investment Banking & Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro industry

PRIMARYFSAEAGAC

Capital Raising Advisory (Equity & Equity-Linked)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/M&A Advisory & Corporate Finance

Keywords

• Investment banking services
• Wealth management
• Equity capital markets
• Financial advisory
• Retirement planning

Headquarters

HQ city

Minneapolis

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others, Infrastructure

Revenue model

1. Securities Commissions: Commission-based revenue from securities transactions including stocks, bonds, mutual funds, and other investment products executed for clients
2. Investment Advisory Fees: Fee-based advisory services where registered representatives act as Investment Adviser Representatives (IARs) providing personalized financial planning and investment management advice for separate compensation from commissions
3. Account and Service Fees: Various account maintenance fees including annual fees for IRA, 403(b), and general accounts; transfer fees; wire fees; and other custodial charges

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Oak Ridge Financial is a boutique financial advisory and investment banking firm providing personalized wealth management services to individual investors and capital markets services to lower-middle market companies. The firm delivers full-service investment banking including equity and debt capital strategies and M&A advisory through its Equity Capital Markets Group, alongside Private Client Services encompassing investment management, retirement, estate, and tax planning. Operations are supported by the RBC Clearing & Custody platform.

Product overview

Oak Ridge Financial offers a unified financial services platform combining Investment Banking and Private Client Services. The Investment Banking division includes the Equity Capital Markets Group specializing in capital markets services for small and mid-cap companies. The Private Client Services division provides wealth management for individuals. Supporting these core offerings is a comprehensive learning center featuring financial calculators, newsletters, flipbooks, research articles, and a tax library. The firm is structured as a mid-sized boutique firm with access to large firm resources through its RBC partnership.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Banking
• Equity Capital Markets Group
• Private Client Services

Quantifiable outcome

• $87.8M+ in equity capital markets transactions completed (2021-2024)

Named customers12 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• B. Riley Financial: Diversified mid-market financial services firm with investment banking, wealth management, and capital markets operations. Larger and publicly traded but serves a comparable small/mid-cap issuer base.
• Stifel Financial: Large broker-dealer and investment bank with a strong mid-market focus in both wealth management and equity capital markets. Significantly larger scale but overlapping business mix and target issuers.
• Ameriprise Financial: Large wealth and asset management firm with a sizable independent advisor channel serving individual investors and business owners — comparable target customer base to Oak Ridge's PCG, though without a parallel ECM franchise.
• Raymond James Financial: Large diversified financial services holding company with substantial PCG and investment banking franchises serving middle-market issuers and individual investors. Much larger scale, similar target client profiles.

Direct peers

• Ladenburg Thalmann: Mid-market investment bank and wealth management firm focused on small and middle-market issuers and retail advisors — one of the closest structural comparables to Oak Ridge's hybrid PCG/IB model.
• Maxim Group: Small/mid-cap focused investment bank and research provider with equity capital markets services for emerging growth and micro-cap issuers — directly overlaps Oak Ridge's ECM target market.
• Boenning & Scattergood: Privately held mid-sized broker-dealer offering private client services and investment banking focused on the Mid-Atlantic middle market — similar hybrid wealth + IB structure with comparable scale.
• Oppenheimer Holdings: Mid-sized wealth manager and full-service investment bank serving middle-market companies and high-net-worth individuals. Closely aligned hybrid model with similar ECM and private client offerings.
• Wunderlich Securities: Mid-sized broker-dealer providing investment banking, equity research, and wealth management services with focus on small/mid-cap issuers — closely comparable mid-market model.
• Janney Montgomery Scott: Mid-sized Philadelphia-based broker-dealer and registered investment adviser with private client group and equity capital markets services. Closely comparable mid-market wealth + IB hybrid model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oak Ridge Financial