Oak River Financial Group, Inc. (Beaumont)


Oak River Financial Group, Inc. is an adviser based in Beaumont. It manages $18.36 million of regulatory assets for 95 client accounts. It has been registered with the SEC as an adviser since 2001.

Oak River Financial Group provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Oak River Financial Group: assets under management

The assets under management (AUM) of Oak River Financial Group, Inc. is $18.36 million. The firm's AUM has gone down by -37% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $15.16 million in discretionary accounts and $3.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $168.46 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $640 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Oak River Financial Group, Inc. for their services and products based on a percentage of assets under management and commissions. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Oak River Financial Group, Inc.

Jack Bascom Brooks has been acting as President since 1 Feb 1998. Aaron Michael Freeman joined the executive team most recently as the Vice President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Bobbie Ann Miller Chief compliance officer 1 Jan 1998 Other 4039946
Bobbie Ann Loftin Chief compliance officer 1 Jan 1998 Other 4039946
Jack Bascom Brooks Director 1 Feb 1998 25% - 50% 4378879
Jack Edward Brooks Vice president 1 Feb 1998 25% - 50% 3199041
Gary Wayne Freeman President 1 Feb 1998 Other 715240
William Dermas Castille Shareholder 1 Feb 1998 Other 4378918
Aaron Michael Freeman Vice-president 1 Apr 2008 Other 5499296

Based in Beaumont

The principal office where Oak River Financial Group, Inc. performs its advisory services is located at 2911 Toccoa, Beaumont, TX 77703, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 409-866-6529 or by fax 409-898-2363. The normal business hours are 8:00am - 4:00pm on Monday - Friday. You can find more information about the New York firm at www.oakrivergroup.com.

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