Running Oak Capital LLC (Minnetonka)

Name: Running Oak Capital LLC
Address: 4350 Baker Rd, Minnetonka, MN, 55343
Telephone: 952-582-6116

Running Oak Capital LLC is a large advisory firm based in Minnetonka. It manages $220.5 million of regulatory assets for 452 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Minnesota, and New York.

Running Oak Capital provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and sub adviser services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Running Oak Capital: assets under management

The assets under management (AUM) of Running Oak Capital LLC is $220.5 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 23% since the beginning of its operation, and $3.5 million of the total AUM is attributable to clients outside of the United States.

The firm manages $220.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $487.83 thousand each.

Running Oak Capital has custody of $6.5 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Running Oak Capital LLC for their services and products based on a percentage of assets under management and performance-based fees. 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.

What kind of clients Running Oak Capital serves?

The firm provides services to charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Running Oak Capital is high net worth individuals with 290 clients and $174.8 million of assets under management. Among the 9 most similar advisory firms, Running Oak Capital has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $220.5 million for 307 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Running Oak Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Running Oak Capital LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Seth Lawrence Cogswell	Managing member & chief compliance officer	1 Jul 2012	75% - 100%	5010120

Based in Minnetonka

The principal office where Running Oak Capital LLC performs its advisory services is located at 4350 Baker Rd, Minnetonka, MN 55343, 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 952-582-6116 or by fax 952-582-6110. The normal business hours are 9:00am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at runningoak.com.