Oak Wealth Management To Invest During The Season Of Growth

Oak Wealth Management confirms acquisition during the season of growth.

FREMONT, CA: “The partnership and eventual sale were the succession strategy for Conlin, who had over 40 years of industry experience, while Oak Wealth Management founder and CEO Aceves feels the acquisition is a perfect fit. Im thrilled for the expansion,” states Aceves. Investment management firm Oak Wealth Management (OWM) has purchased the investment management practice of Kathy Conlin (LPL Financial) from the Financial Services Network. OWM, an investment management and financial planning firm based in Walnut Creek, California, made the acquisition part of a larger growth strategy.

“My firm is still growing and it's very exciting. It’s this same enthusiasm that he brings to his clients: My focus is on family relationships. I am blessed to say that pre-acquisition, we service two, three, or four generations within more than one-third of our family relationships and carry over a 99 percent retention rate,” adds Aceves.

The Financial Services Network is a group of specialists who provide services to LPL Financial (LPL) and Strategic Wealth Advisors Group-affiliated financial professionals (SWAG). Advisors linked with LPL Financial as Investment Advisor Representatives and Registered Representatives are responsible for $8.9 billion in advisory assets and $8.8 billion in brokerage assets.

The Financial Services Network's staff and consultants may be Registered Representatives with LPL Financial, Member FINRA/SIPC, and securities are sold through this firm. Strategic Wealth Advisors Group (SWAG), a Registered Investment Advisor, or LPL Financial, a Registered Investment Advisor, may offer fee-based investment advisory services. SWAG and The Financial Services Network are distinct organizations from LPL Financial.

“Because of this reputation and commitment to multigenerational trust, Aceves knew he would need to find the ideal partner when bringing a new business into his practice. When Aceves and Conlin met by chance at an airport after they both attended an LPL conference in Boston in 2018, Aceves reflects, it was fate in motion. Kathy and I hit it off right away. In 2019, coincidentally The Network Managing Partner Christopher Mercado reintroduced them, knowing Conlin was looking for an office and eventual retirement. The two advisors were shocked and pleased to see each other again. It was the ideal match. With any acquisition process, sometimes the details can get overlooked, so you have to know the person you're getting into business with,” notes Aceves. “You have to understand the sincerity behind their intent and have trust in them.”

“I couldn't be more pleased that Aceves is taking over Conlin's practice,” comments Mercado. “With their complimentary strategies and professional dedication, her clients will be in capable hands.”