Wealth manager, independent · LOS Angeles, CA
Oakmont Corporation
SEC-registered investment adviser · CRD 112337 · SEC 801-42175
At a glance
Oakmont Corporation is an SEC-registered investment adviser based in LOS Angeles, California, with $2.2B in regulatory assets under management as of its Form ADV filed July 16, 2026. It reports 63 individual clients, 63 of them high-net-worth, holding an average of about $23 million each, and 35 employees. That ranks it 504th among the nation’s 5,657 independent wealth management RIAs and 62nd of 714 in California. It reports Merrill / Bank of America as the custodian for its clients’ separately managed accounts.
Main office 213-891-6300LinkedInAs filed on Form ADV
- Regulatory AUM
- $2.2B
- Rank among independent wealth managers
- #504 of 5,657
- Rank among all SEC RIAs
- #3,428 of 17,210
- Rank in California
- #62 of 714
- Individual clients
- 63
- High-net-worth clients
- 63
- Accounts
- 87
- Discretionary
- 97% of AUM
- Employees
- 35
- Advisory staff
- 6
- Offices
- 1
Owners and executives on its Form ADV
- Robert M. MillerPresident, Secretary and Chief Compliance Officer
- Peter W. CarltonChief Executive Officer and Chief Investment Officer
- Sumo GuptaPortfolio Manager
- Jonathan S. DayShareholder
- David R. CovinChief Financial Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Oakmont Corporation reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 63 | $1.5B | 67% |
| Pooled investment vehicles | 13 | $475M | 21% |
| Corporations or other businesses | 5 | $139M | 6% |
| Charitable organizations | – | $127M | 6% |
Private funds
Oakmont Corporation reports 13 private funds with $488M in gross assets: hedge funds, private equity funds, real estate funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Oakmont Corporation reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗
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The full record on Oakmont Corporation
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 1,797 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in California
All of California →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Check Capital Management IncCosta Mesa | $2.4B | 1,192 |
| Willow Creek Wealth Management, Inc.Sebastopol | $2.3B | 1,029 |
| California Financial AdvisorsSAN Ramon | $2.3B | 1,517 |
| Evolve Private Wealth, LLCLOS Angeles | $2.1B | 679 |
| Financial Management Network IncMission Viejo | $2.1B | 1,379 |
| Van Hulzen Financial AdvisorsEL Dorado Hills | $2.1B | 1,389 |
Background
Questions
How much does Oakmont Corporation manage?
Oakmont Corporation reports $2.2B in regulatory assets under management across 87 accounts, 97% of it on a discretionary basis, on its Form ADV filed July 16, 2026.
How many clients does Oakmont Corporation have?
It reports 63 individual clients: 63 high-net-worth individuals and 0 other individuals. Individuals account for about 67% of its regulatory assets.
Where is Oakmont Corporation headquartered?
Its main office is in LOS Angeles, California. It reports 1 office in total and 35 employees, 6 of whom perform investment advisory functions.
How does Oakmont Corporation charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees; performance-based fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Oakmont Corporation use?
It reports Merrill / Bank of America as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed July 16, 2026, it reports these amounts held: Merrill / Bank of America ($501M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Oakmont Corporation a hybrid RIA with a broker-dealer?
Oakmont Corporation reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Oakmont Corporation a fiduciary?
As an SEC-registered investment adviser, Oakmont Corporation owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Oakmont Corporation’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-16), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →