Robert Strommen
Robert Strommen is a registered investment advisor at Oakwood Capital, INC., based in Naples, FL, with 46 years of industry experience. Robert operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, High Net Worth, Investment Management, and 2 more. Their firm serves 599 clients with $260M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Oakwood Capital charges a percentage of your portfolio's value annually for investment advisory and portfolio management services.
Non-Discretionary Investment Advisory Fees:
- $25,000 to $99,999: 2.00%
- Next $100,000 to $249,999: 1.90%
- Next $250,000 to $499,999: 1.80%
- Next $500,000 to $999,999: 1.60%
- Next $1,000,000 to $1,999,999: 1.40%
- Next $2,000,000 to $2,999,999: 1.20%
- Next $3,000,000 to $4,999,999: 1.00%
- Next $5,000,000 and above: 0.80%
Discretionary Oakwood Portfolio Management Fees:
- $25,000 to $249,999: 0.15%
- $250,000 to $499,999: 0.14%
- $500,000 to $999,999: 0.13%
- $1,000,000 to $1,999,999: 0.12%
- $2,000,000 and above: 0.10%
Fees can be negotiable or assessed at a flat rate at the Advisor's discretion.
Location
Naples, FL
Get directionsHistory
Regulatory History (6)
Regulatory
July 2012Customer Dispute
February 2010Customer Dispute
January 2010Employment Separation After Allegations
December 2009Customer Dispute
July 2009Customer Dispute
May 2004Other Business ActivitiesSells Insurance
Robert is a sales representative for Strommen Associates since 1978 and for long-term care insurance since 2016, and spends minimal time on each. He also owns Purpose +3, Checkpoints Consulting, Rockpoint Shores Inc., Strommen Balsam Lake Property LLC, and Balsam Boston Bay Partners LLC, and is an investment advisor representative of Oakwood Capital, dedicating nearly full-time hours to this.
Employment History
Current Registrations
Oakwood Capital, INC.
Oakwood Capital Securities, INC.
Oakwood Capital Securities, INC.Broker
Previous Registrations
Gardner Advisors INC.
Summit Brokerage Services, INC.Broker
Cambridge Investment Research, INC.Broker
Woodbury Financial Services, INC.Broker
Tower Square Securities, INC.Broker
Park Avenue Securities LLCBroker
Guardian Investor Services CorporationBroker
Capital Management Securities, INC.Broker
Aegis Investments, INC.Broker
B.C. Christopher Securities CO.Broker
Morison Securities, INC.Broker
Planners Financial Services, INC.Broker
State Registrations3 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.