OakGrove Wealth Management

What OakGrove Wealth Management does

OakGrove Wealth Management is a privately held Registered Investment Adviser based in Hartland, Michigan, founded in 2017 and registered through the State of Michigan in 2020 (CRD # 308088). The firm operates as a wholly owned subsidiary of OakGrove Enterprises, Inc. and serves individuals, families, business owners, and pre-retirees through a fiduciary advisory model, with Interactive Brokers, Inc. serving as custodian and trade clearing partner for client assets. The firm operates with 1-10 employees from a single Michigan office and explicitly does not custody client assets.

The firm's investment platform is anchored by two proprietary product lines. The High Efficiency Portfolios consist of 10 concentrated, time-based US stock funds (5 actively managed and 5 passively managed), each limited to 10 stocks with no more than 2 companies in the same industry and governed by an embedded exit strategy and a proprietary 4-step investment process developed over 20+ years. The Legacy Concentrated Index Funds are passively managed direct index funds tracking S&P 500, EAFE, MSCI, and other regional benchmarks in 10- and 20-stock configurations. Supporting service lines include 401(k) Solutions for employers (with 3(38) and 3(21) fiduciary options), annuity products (fixed, variable, indexed, immediate, deferred), and comprehensive retirement planning across accumulation, distribution, and legacy phases.

Revenue is generated through asset-based management fees calculated as a percentage of client assets under management, with no custody of assets held by the firm. The firm distributes services through a consultative, direct-sales motion combining content marketing, educational articles, website booking, and phone/email inquiries, with both in-person and virtual consultations. Geographic reach is limited to Michigan and surrounding areas, and pricing is not publicly disclosed.

Name

OakGrove Wealth Management

Legal name

OakGrove Wealth Management

Website

https://oakgrovewm.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

OakGrove Wealth Management is a Hartland, Michigan-based Registered Investment Adviser providing retirement planning, portfolio management, and 401(k) solutions to individuals, families, business owners, and retirees through proprietary concentrated portfolios and fiduciary advisory services.

Ownership category

akta.pro rank

Product category

Wealth Management / Investment Advisory Services

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282), Services-Management Consulting Services (8742)

akta.pro primary industry

Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ)

akta.pro secondary industries

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD), Financial Planning & Goals-Based Advice (Mass Affluent) (FSAAAAAF), Estate & Legacy Planning Advisory (FSAEAAAG), Business Owner & Executive Financial Planning (FSAEAAAO)

Keywords

• Wealth management services
• Retirement planning
• Investment advisory
• Portfolio management
• 401(k) solutions

Headquarters

HQ city

Hartland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Investment Advisory Fees: The firm charges a management fee based on the amount of investable assets under management. This is a recurring revenue model where fees are calculated as a percentage of client assets. The firm does not have custody of client assets, which are held at Interactive Brokers.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

OakGrove Wealth Management delivers fee-based investment advisory services to individuals, families, and businesses, including personalized retirement planning, ongoing portfolio management, 401(k) plan solutions for employers, and annuity-related advice. The firm also offers two in-house proprietary investment strategies—High Efficiency Portfolios (ten stock funds) and Legacy Concentrated Index Funds—built using its proprietary 4-Step Investment Process that combines quantitative, qualitative, and technical analysis.

Product overview

OakGrove Wealth Management offers a unified wealth management platform centered on two proprietary investment products: the High Efficiency Portfolios (10 distinct concentrated stock funds combining 5 actively managed and 5 passively managed time-based portfolios) and Legacy Concentrated Index Funds (passively managed direct index funds tracking regional benchmarks like S&P 500, EAFE, and MSCI). These core investment vehicles are supported by service offerings including 401(k) Solutions, Annuities, Portfolio Management, and Retirement Planning services, all delivered through a fiduciary model with Interactive Brokers as the custodian.

Differentiator

Problem solved

Functional benefit

Brands

• OakGrove Portfolios: Proprietary portfolio management system with 10 distinct concentrated stock funds comprised of 5 actively managed and 5 passively managed portfolios.
• High Efficiency Portfolios
• Legacy Concentrated Index Funds

Products and services

• Retirement Planning Tailored retirement planning for individuals and families approaching or living in retirement, combining investment strategy with financial planning. Designed for individuals and households, including pre-retirees and retirees and those within five years of retirement.
• Portfolio Management Ongoing discretionary and/or non-discretionary portfolio management for clients, including mutual fund/stock portfolio construction under the firm's 4-Step Investment Process. Customized portfolios of stocks, bonds, and mutual funds for individual investors and families.
• 401(k) Solutions Employer-sponsored retirement plan solution providing businesses with access to OakGrove's proprietary investment menu, including High Efficiency Portfolios and Legacy Concentrated Index Funds. Serves business owners and employers seeking professional 401(k) plan support.
• Annuities Advisory services around annuity products, including fixed index and variable annuity strategies, typically used to address retirement income, legacy, and tax-deferred growth needs. For individual clients and pre-retirees/retirees.
• High Efficiency Portfolios Proprietary portfolio strategy comprising ten selected stock funds chosen for tax efficiency and performance. Built through the firm's 4-Step Investment Process combining quantitative, qualitative, and technical analysis. Used for taxable and tax-advantaged accounts.
• Legacy Concentrated Index Funds Proprietary concentrated index fund strategy intended for long-horizon, tax-efficient, low-turnover exposure. Available across individual advisory accounts and employer 401(k) plan menus for clients seeking legacy-oriented portfolio construction.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Interactive Brokers, Inc.coreOthersInteractive Brokers serves as the custodian for client assets and clears trades for OakGrove's investment platforms. OGWM and Interactive Brokers are not affiliated entities. The firm does not have custody of client assets, which are held at Interactive Brokers for safety and transparency.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Cetera Financial Group: Independent broker-dealer and RIA platform supporting financial advisors with wealth management, retirement plan, and annuity solutions. Comparable breadth of offerings to OakGrove, but at scale across a national advisor network.
• Raymond James Financial: Diversified financial services firm offering wealth management, retirement planning, and investment advisory services. Comparable full-stack offering to OakGrove, with an established advisor network and national footprint.
• LPL Financial: Largest independent broker-dealer RIA custodian with thousands of affiliated advisors offering portfolio management and retirement plan services. Comparable as a parallel go-to-market for independent wealth managers.
• Fidelity Investments (Fidelity Wealth Management / Workplace Investing): Major incumbent offering wealth management, retirement planning, and 401(k) recordkeeping. Competes with OakGrove on portfolio management and 401(k) administration with significantly greater scale and brand.
• Charles Schwab (Schwab Advisor Services / Wealth Management): Incumbent brokerage and RIA platform with extensive portfolio management, retirement, and 401(k) offerings. Overlaps with OakGrove on advisory services but at vastly larger scale and lower cost.

Direct peers

• Fisher Investments: Large private RIA serving HNW individuals and institutions with actively managed portfolios. Directly comparable to OakGrove on asset-based fee model, discretionary portfolio management, and proprietary investment methodology.
• Buckingham Strategic Wealth: Private RIA specializing in evidence-based portfolio management and retirement planning for individuals and businesses. Comparable in fiduciary model, RIAs serving HNW and small/mid-market plan sponsors.
• Mariner Wealth Advisors: National RIA offering comprehensive wealth planning, portfolio management, and retirement plan services. Comparable in service breadth (financial planning, retirement, estate, tax) and in serving both individuals and business owners.
• Edelman Financial Engines: Large RIA combining personal wealth management with employer-sponsored retirement plan services. Closely parallels OakGrove's dual focus on individual clients and 401(k) plan sponsors.
• Creative Planning: Large fee-only RIA with proprietary portfolios and full wealth management services. Comparable in offering tailored portfolio management, retirement planning, and 401(k) solutions to individuals and businesses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/MIoakgrove
• Facebookfacebook.com/oakgrovewm
• LinkedInlinkedin.com/company/oakgrove-wealth-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 OakGrove Wealth Management