Oaktree Investment Advisers

What Oaktree Investment Advisers does

Oaktree Investment Advisors Inc. is a privately held, SEC-registered investment advisory firm headquartered at 731 S. Aiken Ave. in Pittsburgh, Pennsylvania. Founded in 2000, the firm operates as a boutique wealth management practice serving individual investors and pension plans in the Pittsburgh region, with all client services delivered through two principals: Founder, President, and Portfolio Manager Ronald E. Heakins, and Vice President Jason D. Heakins. The firm applies a four-part investment methodology spanning fundamental, technical, risk, and macro analysis, with portfolio monitoring and quarterly risk reporting handed to clients directly.

The firm's core offering is The Legacy Portfolio, a proprietary strategy introduced in 2013 that concentrates on 20-30 U.S. dividend-paying companies with durable business moats, rebalanced every two years on a 20+ year time horizon. Alongside it, Oaktree offers an Equity Strategy with a business-cycle overlay that shifts toward money market instruments, bonds, and CDs during economic contractions, a Fixed Income Strategy focused on bonds rated AAA through BBB, and proprietary Model Portfolios. To broaden the product shelf, the firm distributes Zacks Asset Management's separately managed account strategies (All-Cap Core, Small-Cap Equity, Focus Growth, Dividend, Mid-Cap Core, and Dean's List) under its own brand, with Zacks acting as sub-adviser.

Revenue is generated entirely through recurring, percentage-based investment advisory fees that range from 0.30% to 0.75% of client account value, depending on strategy and account size (e.g., Equity Strategy at 0.75% up to $5M and 0.50% above $5M; Fixed Income flat at 0.30%; Zacks sub-accounts at 0.75% up to $5M and 0.58% above). The firm charges clients the full management fee and pays Zacks from those fees as sub-adviser. Client acquisition is sales-led and consultative, driven by free initial consultations, the firm's website, and community/philanthropy-based referrals in the Pittsburgh market — there are no intermediaries, paid advertising, or digital distribution channels.

Name

Oaktree Investment Advisers

Legal name

Oaktree Investment Advisors Inc.

Website

https://myoaktreeadvisors.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

A privately held, SEC-registered boutique wealth management firm based in Pittsburgh, Pennsylvania, serving individual investors and pension plans with proprietary portfolio strategies (including the Legacy Portfolio) and Zacks Asset Management sub-advisory SMA strategies on a recurring fee-based model.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Portfolio Construction & Asset Allocation Advisory (FSAEAAAC)

akta.pro secondary industries

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD), Equity Income/Dividend Strategies (Active) (FSAAAIAJ), Large-Cap Equity (Active) (FSAAAIAA), Annuity & Insurance-Based Retirement Solutions Advisory (FSAEABAH)

Keywords

• Wealth management services
• Investment advisory
• Portfolio management
• Retirement planning
• Pension plan management

Headquarters

HQ city

Pittsburgh

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Investment Advisory Fees - Equity Strategy: Fee-based investment management for equity portfolios that incorporate a business cycle strategy. Reduces equity exposure during economic contractions by shifting to money market instruments, bonds, and CDs.
2. Investment Advisory Fees - Fixed Income: Fee-based management for clients focused on income or conservative investing, placing assets in fixed income instruments rated AAA through BBB.
3. Model Portfolios: Management of proprietary model portfolios built by the OIA team. Fees range from 0.30% to 0.75% based on portfolio selection.
4. Zacks Asset Management Sub-Accounts: OIA collects management fees from clients and pays Zacks Asset Management as sub-adviser. Provides access to Zacks' research-driven investment strategies including SMA models and custom separately managed accounts.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Oaktree Investment Advisers provides fee-based wealth and investment management services to individual investors and pension plans from its Pittsburgh headquarters. Its core offering is the proprietary Legacy Portfolio (launched 2013), which invests in 20-30 U.S. dividend-paying companies with durable competitive advantages and is rebalanced every two years on a 20+ year time horizon. The firm supplements this with an Equity Strategy incorporating a Business Cycle overlay, a Fixed Income Strategy, Model Portfolios, and multiple sub-advised strategies offered in partnership with Zacks Asset Management, all guided by a four-part fundamental, technical, risk, and macro analysis methodology.

Product overview

OakTree Investment Advisors provides wealth and investment management services for individuals and pension plans through a multi-strategy approach. The core offering includes the proprietary Legacy Portfolio (launched 2013), which targets 20-30 dividend-paying U.S. companies with resilient business models and a 20+ year time horizon. Supplementary strategies include Equity Strategy (incorporating Business Cycle analysis) and Fixed Income Strategy (conservative bond-focused). The firm also partners with Zacks Asset Management to offer separately managed account strategies including All-Cap Core, Small-Cap Equity, Focus Growth, Dividend, Mid-Cap Core, and Dean's List strategies. Model Portfolios are available as proprietary bundled offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• The Legacy Portfolio Proprietary equity portfolio investing in 20-30 U.S. companies with consistent dividend payments, strong returns on investment, and resilient business models designed to weather systemic downturns; rebalanced every two years with a 20+ year wealth creation horizon.
• Equity Strategy Equity investment management that incorporates a Business Cycle strategy, shifting assets toward money market instruments, bonds, and CDs during economic contractions to reduce portfolio risk.
• Fixed Income Strategy Conservative investment management placing client assets in fixed income instruments rated AAA, AA, A, or BBB, suited to income-focused or risk-averse clients at a flat 0.30% advisory fee.
• Model Portfolios Proprietary model portfolios constructed by the OIA team that investors can select individually or combine, subject to per-portfolio minimum investment thresholds and management fees between 0.30% and 0.75%.
• Zacks All-Cap Core Strategy Sub-advised strategy from Zacks Asset Management providing broad equity exposure across all market capitalizations, leveraging proprietary earnings estimate revisions research.
• Zacks Small-Cap Equity Strategy Sub-advised strategy from Zacks Asset Management targeting small-capitalization U.S. equities using Zacks' data-driven research methodology to identify opportunities.
• Zacks Focus Growth Strategy Growth-tilted sub-advised strategy from Zacks Asset Management that uses proprietary earnings estimate revisions research to identify companies with high growth potential.
• Zacks Dividend Strategy Income-focused sub-advised strategy from Zacks Asset Management designed to generate dividend income by holding companies with sustainable dividend policies.
• Zacks Mid-Cap Core Strategy Sub-advised strategy from Zacks Asset Management targeting U.S. mid-capitalization equities using Zacks' research-driven methodology to identify mid-cap investment opportunities.
• Zacks Dean's List Strategy Proprietary Zacks Asset Management strategy that screens for top-performing investment opportunities using earnings estimate revisions and momentum factors.

Quantifiable outcome

• Focus on 20-30 U.S. dividend-paying companies with consistent dividend increases
• +2 more outcomes

Segments2 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

One partnership is on record.

• Zacks Asset ManagementcoreTechnology or IntegrationZacks Asset Management serves as sub-adviser providing investment strategies and research. Zacks has over 40 years of research-driven investment experience with proprietary earnings estimate revisions research. They offer SMA models, custom separately managed accounts, and have received Manager of the Decade recognition from PSN for two consecutive decades. OIA charges clients the full management fee and pays Zacks from those fees.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Carson Group: Large RIA platform serving independent financial advisors with wealth management and business consulting services. Overlaps with OIA on individual wealth advisory but operates a partner/firm-based model at much greater scale.
• Corient: Large national wealth manager (formerly Goldman Sachs Personal Financial Management) offering investment advisory, tax, and estate planning to HNW individuals. Comparable core offering to OIA but at multi-billion AUM scale.
• Schwab Wealth Advisory Services: Charles Schwab's fee-based advisory service offering portfolio management and financial planning to retail and HNW clients. Directly comparable fee-based investment advisory model but with vastly greater scale and brand recognition.
• Fisher Investments: Private investment management firm serving high-net-worth individuals and institutions with discretionary portfolio management. Comparable in active equity/dividend-oriented investment strategies but with much larger AUM and global footprint.
• Mariner Wealth Advisors: National RIA providing wealth advisory, retirement plan services, and investment management to HNW individuals and institutions. Comparable offering to OIA but with a much larger footprint across multiple U.S. regions.
• Edelman Financial Engines: Nation's largest RIA combining financial planning with investment management for individuals. Comparable service model (fee-based advisory, retirement focus) but with significantly broader geographic coverage and a larger employee base.
• Mercer Advisors: National RIA offering wealth management, financial planning, and tax services to HNW individuals and families. Comparable fee-based advisory model and HNW/retirement focus but with national presence and significantly larger AUM.
• Vanguard Personal Advisor Services: Vanguard's hybrid robo-advisory service providing ongoing investment advice and portfolio management to retail investors. Comparable in providing fee-based advisory portfolio management, but operates at massive scale with much lower fees.
• Creative Planning: Large, multi-state RIA offering wealth management, financial planning, and investment advisory to individuals and pension plans. Comparable to OIA in core services (fee-based investment advisory, retirement planning) but vastly larger in scale and geographic reach.

Others

• Zacks Investment Management: Sub-adviser and partner of OIA, providing institutional research-driven investment strategies including SMA models and custom separately managed accounts. While not a direct competitor (it serves as OIA's sub-adviser), it is comparable as an active equity strategy manager with earnings-estimate-revisions research.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/myoaktreeadvisors
• LinkedInlinkedin.com/company/oaktree-investment-advisors

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Oaktree Investment Advisers