What Oak City Consulting does

Oak City Consulting is a privately held, SEC-registered investment advisory firm founded in 2012 in Raleigh, North Carolina (now headquartered in Wake Forest, NC). The firm serves faith-based institutional investors — primarily Gospel-driven endowments, foundations, family offices, non-profits, and universities — through three core offerings: Investment Committee Consulting, Outsourced Chief Investment Officer (OCIO) services, and Fund Performance Reporting. Its delivery is anchored by a proprietary methodology called "Redemptive Institutional Investing," which combines mission-aligned asset allocation, ethical manager selection, and transparent reporting calibrated to clients' Christian worldview.

Underpinning the practice is a CEFEX (Centre for Fiduciary Excellence) certification earned in October 2017, which validates the firm's documented investment process and fiduciary standards, and ongoing SEC registration under the U.S. Investment Advisers Act of 1940. The firm operates as a four-partner LLC led by founder Ross Roggensack alongside partners Melissa Smith, Daniel Ward, and Brett Danforth, supported by a six-person team with nearly 50 years of combined institutional investing experience spanning banking, public accounting, venture capital, private equity, and seminary operations. No external venture capital or private equity backing is identified.

Oak City generates revenue through subscription-style, custom-priced advisory engagements rather than disclosed pricing, with revenue mechanics typical of the OCIO/consulting model (retainers or basis-point fees on assets under advisement). Distribution is direct and relationship-led, combining referral-based enterprise sales, content marketing through a website blog and email newsletter, and an annual Redemptive Institutional Investing retreat in Asheville, NC that convenes clients, board members, and faith-aligned investment managers. The firm has no app, no public API, and no disclosed technology integrations beyond standard performance reporting software tools.

Name

Oak City Consulting

Legal name

Oak City Consulting, LLC

Website

https://oakcityconsulting.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Oak City Consulting is a privately held, SEC-registered investment advisory firm serving faith-based endowments, foundations, and family offices through investment committee consulting, OCIO services, and performance reporting grounded in its Redemptive Institutional Investing methodology.

Ownership category

akta.pro rank

Product category

Institutional Investment Consulting

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

akta.pro secondary industries

OCIO Providers (Outsourced CIO) (FSAAAGAH), Family Office Advisory & Outsourced CIO (OCIO) (FSAAADAC)

Keywords

• Institutional investment consulting
• Outsourced CIO services
• Faith-based investing
• Fund performance reporting
• Endowment advisory services

Headquarters

HQ city

Wake Forest

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Investment Advisory Services: Provides investment advisory services to institutional investors including endowments, foundations, and family offices. Services include investment committee consulting, OCIO services, and performance reporting.
2. OCIO (Outsourced Chief Investment Officer): Full investment decision-making authority on behalf of clients, further streamlining the investment process

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Oak City Consulting provides investment committee consulting, outsourced chief investment officer (OCIO) services, and fund performance reporting for faith-based institutional investors, including endowments, foundations, and family offices. The firm delivers asset allocation recommendations, ethical manager selection, and transparent performance reporting through its proprietary 'Redemptive Institutional Investing' framework.

Product overview

Oak City Consulting is an institutional investment consulting firm offering three core services: Investment Committee Consulting, Outsourced Chief Investment Officer (OCIO) services, and Fund Performance Reporting. These services are delivered through their 'Redemptive Institutional Investing' methodology, which combines asset allocation, ethical manager selection, and transparent performance reporting for faith-based institutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Committee Consulting Acting as an advisor to the investment committees of faith-based endowments, non-profits and universities, providing asset allocation recommendations, manager selection across asset classes, and performance reporting.
• Outsourced Chief Investment Officer (OCIO) Full investment decision-making authority on behalf of clients, further streamlining the investment process and reducing time to implement or augment investment strategies. Similar to Investment Committee Consulting but with Oak City making investment decisions directly.
• Fund Performance Reporting Leveraging software tools to provide quarterly and annual reporting to ensure transparency of clients' own investment decisions.

Quantifiable outcome

• Documented investment process certified by CEFEX demonstrating fiduciary excellence

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

13 partnerships are on record, tiered core and minor.

• Creation InvestmentscoreStrategic or Co-development Partner · 1 November 2022Patrick Fisher from Creation Investments presented at the 2022 Oak City Retreat on impact investing.
• Lumos Capital PartnerscoreStrategic or Co-development Partner · 1 November 2022Lumos Capital Partners presented at the 2022 Oak City Retreat alongside Sovereign's Capital Access Fund.
• Brindlee Mountain Fire ApparatusminorStrategic or Co-development Partner · 1 November 2022James Wessel from Brindlee Mountain Fire Apparatus presented at the 2022 Oak City Retreat.
• UNC Management CompanycoreStrategic or Co-development Partner · 17 August 2021Chris Rudolph of UNC Management Company moderated the Public Equities Roundtable at the 2021 Oak City Retreat.
• Driehaus Capital ManagementcoreStrategic or Co-development Partner · 17 August 2021Driehaus Capital Management participated in the Public Equities Roundtable at the 2021 Oak City Retreat, discussing public equity investing.
• Chevy Chase TrustcoreStrategic or Co-development Partner · 17 August 2021Chevy Chase Trust participated in the Public Equities Roundtable discussing public equity strategies.
• Kiltearn PartnerscoreStrategic or Co-development Partner · 17 August 2021Kiltearn Partners participated in the Public Equities Roundtable at the 2021 Oak City Retreat.
• Sovereign's CapitalcoreStrategic or Co-development Partner · 20 July 2021Luke Roush and Jake Thomsen from Sovereign's Capital discussed faith-driven investing at the 2021 Oak City Retreat. Sovereign's Capital is an investment adviser focused on faith-based investing.
• Ceres Farms (Ceres Partners)coreStrategic or Co-development Partner · 22 June 2021Ceres Farms participated in the Real Assets panel at the 2021 Oak City Retreat, discussing non-correlated redemptive impact investments alongside Oak City.
• Callis CapitalcoreStrategic or Co-development Partner · 22 June 2021Callis Capital participated in the Real Assets panel at the 2021 Oak City Retreat discussing real asset investments aligned with redemptive impact.
• Apogem Capital (formerly PA Capital)coreStrategic or Co-development Partner · 22 June 2021Apogem Capital (formerly PA Capital) participated in the Real Assets panel at the 2021 Oak City Retreat, discussing alternative investments.
• Eventide Asset ManagementcoreStrategic or Co-development Partner · 24 May 2021Jason Myhre from Eventide Asset Management spoke at the 2021 Oak City Retreat on 'The Power of Investing to Change the World.' Eventide is an investment manager that aligns with Oak City's redemptive investing philosophy.
• Veriti ManagementcoreTechnology or Integration · 1 January 2019Dennis Hammond from Veriti Management (formerly Hammond Associates) worked with Oak City to create a China-excluded portfolio removing China from the MSCI ACWI ex US index.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Marquette Associates: Marquette Associates is an institutional investment consulting firm serving foundations, endowments, and pension funds with non-discretionary consulting and OCIO. It is a directly comparable middle-market peer to Oak City in scale and service mix.
• Meketa Investment Group: Meketa is an independent investment consulting and OCIO firm serving institutional clients including foundations, endowments, and public pensions. It competes with Oak City for institutional OCIO mandates and offers comparable non-discretionary consulting, asset-allocation advice, and performance reporting.
• Cambridge Associates: Cambridge Associates is a leading OCIO and investment advisory firm serving endowments, foundations, and family offices globally. It offers discretionary OCIO, manager research, and policy development services competing with Oak City for higher-AUM institutional mandates.
• RVK, Inc. RVK is an independent investment consulting firm offering OCIO and consulting services to institutional clients including endowments, foundations, and public funds. Its service model, OCIO offering, and target client base overlap directly with Oak City.
• NEPC, LLC: NEPC is one of the largest independent investment consulting firms serving institutional asset owners including endowments, foundations, and family offices. It is a directly comparable OCIO and consulting competitor with similar practice scope.
• Veriti Management (formerly Hammond Associates): Veriti Management is one of the largest OCIO providers for faith-based institutions, including churches, endowments, and Christian foundations. It is the most direct competitor to Oak City in the Gospel-driven institutional segment, with whom Oak City has a documented partnership (China-excluded portfolio co-creation).
• Fund Evaluation Group (FEG): FEG is an institutional investment consulting and OCIO provider headquartered in Cincinnati. It serves endowments, foundations, and family offices with advisor-research, OCIO, and performance reporting services directly comparable to Oak City's core offerings.

Broad incumbents

• Mercer Advisors (Mercer Investment Consulting): Mercer is a global consulting leader providing investment consulting and OCIO services to institutional clients. As a broad incumbent, it competes with Oak City for endowment and foundation mandates though its scale, manager-universe breadth, and global footprint far exceed Oak City's.
• Aon (Aon Investments): Aon's investment consulting business serves institutional clients worldwide with OCIO, asset-allocation advice, and manager research. It is a broad incumbent competing with Oak City for foundation and endowment consulting work, especially among larger mandates.

Emerging players

• Cardinal Investment Advisors: Cardinal Investment Advisors is a faith-aligned OCIO/consulting firm serving Christian nonprofits, foundations, and churches. It competes in the same niche as Oak City with a similar values-based differentiation, representing a direct emerging challenger.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Oak City Consulting