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Robert Strommen

Oakwood Capital, INC.
46 Years of Experience
Naples, FL
6 DisclosuresBrokerSells Insurance
View SEC Summary
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Robert Strommen is a registered investment advisor at Oakwood Capital, INC., based in Naples, FL, with 46 years of industry experience. Robert is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Business Owners, Charitable Giving, Education Planning, Estate Planning, and 6 more. Their firm serves 616 clients with $300M in assets under management.

Oakwood Capital, INC.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
22 advisors
Number of Clients
616 clients
Average Client Portfolio
$494K average
Assets Under Management
$304.2M

Fee Structure

Minimum Investment:$25K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $100K2.00%
$100K - $250K1.90%
$250K - $500K1.80%
$500K - $1.0M1.60%
$1.0M - $2.0M1.40%
$2.0M - $3.0M1.20%
$3.0M - $5.0M1.00%
$5M+0.80%

Fees can be negotiable or assessed at a flat rate at the Advisor's discretion based on account size and prospective growth. Discretionary Oakwood portfolio management options feature separate lower tier rates ranging from 0.10% to 0.15%.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

Naples, FL

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History

Regulatory History (6)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Regulatory
July 2012
Final
Customer Dispute
February 2010
Settled
Customer Dispute
January 2010
Settled
Employment Separation After Allegations
December 2009
Customer Dispute
July 2009
Settled
Customer Dispute
May 2004
Denied
View Full SEC ReportHow to Read Disclosures
Other 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.
October 2013 - Present · 13 yrs
Oakwood Capital Securities, INC.
April 2013 - Present · 13 yrs 6 mos
Oakwood Capital Securities, INC.Broker
April 2013 - Present · 13 yrs 6 mos
Previous Registrations
Gardner Advisors INC.
October 2013 - December 2020 · 7 yrs 2 mos
Summit Brokerage Services, INC.Broker
April 2010 - November 2012 · 2 yrs 7 mos
Cambridge Investment Research, INC.Broker
February 2010 - February 2010 · 0 mos
Woodbury Financial Services, INC.Broker
February 2006 - January 2010 · 3 yrs 11 mos
Tower Square Securities, INC.Broker
February 2003 - February 2006 · 3 yrs
Park Avenue Securities LLCBroker
May 1999 - February 2003 · 3 yrs 9 mos
Guardian Investor Services CorporationBroker
April 1993 - May 1999 · 6 yrs 1 mo
Capital Management Securities, INC.Broker
July 1990 - April 1993 · 2 yrs 9 mos
Aegis Investments, INC.Broker
January 1989 - July 1990 · 1 yr 6 mos
B.C. Christopher Securities CO.Broker
December 1988 - January 1989 · 1 mo
Morison Securities, INC.Broker
January 1980 - December 1988 · 8 yrs 11 mos
Planners Financial Services, INC.Broker
March 1979 - December 1979 · 9 mos
State Registrations3 states
FLMNWI
AdvisorBrokerBoth

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.

Exams
No exam information available for this advisor.
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