Frequently Asked Questions
What makes White Oaks Wealth Advisors, Inc. of MN unique in the marketplace?
The mantra at White Oaks Wealth Advisors is to simplify the complexities of wealth. In fulfilling this mission White Oaks Wealth Advisors, Inc. has kept itself independent and operates on a fee-only basis. Since our only source of compensation is from our clients, we recognize that we must continually add value or be replaced by a firm that can. Beginning with the "Right Fit" meeting we follow a consistent process (view the White Oaks WealthCare Continuum) and operate on a team basis.
The services we provide address the total wealth management issues most clients face including investments, banking, insurance, wealth transfer, tax planning and ongoing management. We have available for our clients a "Financial Dashboard" to gather all your financial information into one place, regardless of whether or not we are managing the assets. This allows you to see the big picture easily without toiling over the details.
We manage over $260,000,000 for our clients and have found ways to combine their purchasing power to reduce expenses and enable them to participate in unique investment opportunities that otherwise wouldn't be available.
What is the "Right Fit" meeting?
The "Right Fit" meeting is an opportunity to meet and get acquainted on a no-obligation basis. This provides the opportunity to do a "gut check" to see if you are comfortable with us and we are comfortable with you. If we do not pass the "gut check" test you should not choose White Oaks Wealth Advisors, Inc.
How are you compensated?
We are compensated exclusively by fees for planning and for managing assets on behalf of our clients. We receive NO third party compensation. View our white paper on the costs of a financial advisory relationship.
How do I know you will be objective?
When our interests are aligned with yours we have only one incentive and that is to answer your questions and shape a direction that exclusively benefits you. Since you pay us (see above) you are the boss and our job is to act in your best interest.
Are you competent?
In a word, YES! Our staff has decades of combined experience and certified expertise. We have been recognized by independent sources such as Worth Magazine, Mutual Funds Magazine, Medical Economics and Wealth Manager Magazine.
In addition, our people have been used as a trusted resource for
many publications.
More information.
What is the "White Oaks Way"?
White Oaks Wealth Advisors, Inc. believes that incorporating your values into your financial strategy will produce the high degree of satisfaction for you in the long term. White Oaks also believes that we should focus on solutions that have a high probability of success. More about our philosophy.
How Does White Oaks work?
View the WhiteOaks WealthCare Continuum
How safe is my money?
Your money is always held at a third party custodian. Custodians used include Schwab, National Advisors Trust Co. and others.
How much does this cost?
Financial strategy development is done on a hourly fee basis. You will know the fee range before you begin the process. See our fee schedule in the About Us tab. Asset management is done on an assets under management basis with fees starting at 1.25%. Download our Form ADV for more information.
Tell me about your team?
View our team member bios and photos.
How do I get started?
You can schedule a "Right Fit" meeting by calling 800-596-3579 or by requesting specific times by filling out our information request form. You can also download a complimentary copy of our financial questionnaire.