General Information
Live Oak Investment Partners, LLC is a registered investment adviser primarily based in Austin,
Texas. We are organized as a limited liability company (“LLC”) under the laws of the State of Texas.
Michael Richard Hostick II is the sole owner since formation in March 2019.
The following paragraphs describe our services and fees. Refer to the description of each
investment advisory service listed below for information on how we tailor our advisory services to
your individual needs. As used in this brochure, the words "we," "our," and "us" refer to Live Oak
Investment Partners, LLC and the words "you," "your," and "client" refer to you as either a client or
prospective client of our firm.
Types of Advisory Services
We offer ongoing advisory services based on the individual goals, objectives, time horizon, and risk
tolerance of each client. Advisory services include, but are not limited to, the following:
- Portfolio Management Services
- Financial Planning Services
- Asset Allocation Services
- Financial Consulting Services
- Pension Consulting Services
Portfolio Management Services
We offer discretionary portfolio management services. Our investment advice is tailored to meet
our clients' needs and investment objectives.
If you participate in our discretionary portfolio management services, we require you to grant our
firm discretionary authority to manage your account. Discretionary authorization will allow us to
determine the specific securities, and the amount of securities, to be purchased or sold for your
account without your approval prior to each transaction. Discretionary authority is typically
granted by the investment advisory agreement you sign with our firm and the appropriate trading
authorization forms.
Clients who choose a non-discretionary arrangement must be contacted prior to the execution of
any trade in the account(s) under management. This may result in a delay in executing
recommended trades, which could adversely affect the performance of the portfolio. This delay also
normally means the affected account(s) will not be able to participate in block trades, a practice
designed to enhance the execution quality, timing and/or cost for all accounts included in the block.
In a non-discretionary arrangement, the client retains the responsibility for the final decision on all
actions taken with respect to the portfolio. We provide non-discretionary portfolio management
services.
Clients may impose reasonable restrictions on us in the management of their investment portfolios,
such as prohibiting the inclusion of certain types of investments in an investment portfolio or
prohibiting the sale of certain investments held in the account at the commencement of the
relationship, by notifying us in writing. Each client should note, however, that restrictions imposed
by a client may adversely affect the composition and performance of the client’s investment
portfolio. Each client should also note that his or her investment portfolio is treated individually by
giving consideration to each purchase or sale for the client’s account. For these and other reasons,
performance of client investment portfolios within the same investment objectives, goals and/or
risk tolerance may differ and clients should not expect that the composition or performance of their
investment portfolios would necessarily be consistent with similar clients of ours.
Financial Planning Services
We also offer financial planning services to clients in conjunction with portfolio management
services or, in certain cases, as a stand-alone service. Our financial planning services include advice
that addresses one or more areas of a client’s financial situation, such as estate planning, risk
management, budgeting and cash flow controls, retirement planning, education funding, and
investment portfolio design and ongoing management. Depending on a client’s particular situation,
financial planning services may include some or all of the following:
• Gathering factual information concerning the client’s personal and financial situation;
• Assisting the client in establishing financial goals and objectives;
• Analyzing the client’s present situation and anticipated future activities in light of the
client's financial goals and objectives;
• Identifying problems foreseen in the accomplishment of these financial goals and
objectives and offering alternative solutions to the problems;
• Making recommendations to help achieve retirement plan goals and objectives;
• Designing an investment portfolio to help meet the goals and objectives of the client;
• Providing estate planning;
• Assessing risk and reviewing basic health, life and disability insurance needs; or
• Reviewing goals and objectives and measuring progress toward these goals.
When a full financial plan is prepared, the client may choose to have us implement the client’s
financial plan and manage the investment portfolio on an ongoing basis. However, the client is
under no obligation to act upon any of the recommendations made by us under a financial planning
engagement and/or engage the services of any recommended professional.
Asset Allocation Services
We offer asset allocation services that are tailored to meet our clients' needs and investment
objectives. Once you have retained our firm for asset allocation services, we will gather information
about your financial situation and objectives, and assist you in determining your investment goals,
objectives, risk tolerance, and retirement plan time horizon. We will initially provide you with
recommendations as to how to allocate your investments among categories of assets. We will then
review your account on a periodic basis as agreed. Where appropriate, we will provide you with
recommendations to change your asset allocation in an effort to remain consistent with your stated
financial objectives. You are free at all times to accept or reject any of our investment
recommendations. You are solely responsible for implementing our recommendations. Unless you
separately retain us to provide portfolio management services, we will not execute any transactions
or changes in asset allocation on your behalf.
Financial Consulting Services
We offer financial consulting services that primarily involve advising clients on specific financial
related topics. The topics we address may include, but are not limited to, risk
assessment/management, investment planning, financial organization, or financial decision
making/negotiation.
Pension Consulting Services
We offer pension consulting services to employee benefit plans and their fiduciaries based upon the
needs of the plan and the services requested by the plan sponsor or named fiduciary. In general,
these services include an existing plan review and analysis, plan-level advice regarding fund
selection and investment options, education services to plan participants, investment performance
monitoring, and/or ongoing consulting. These pension consulting services will generally be
nondiscretionary and advisory in nature. The ultimate decision to act on behalf of the plan shall
remain with the plan sponsor or other named fiduciary.
We also offer assistance with participant enrollment meetings and investment-related educational
seminars to plan participants on general investing topics such as diversification, asset allocation,
risk tolerance and time horizon, and on.
Other investment-related topics specific to the particular plan. We also offer additional types of
pension consulting services to plans on an individually negotiated basis. All services, whether
discussed above or customized for the plan based upon requirements from the plan fiduciaries
(which may include additional plan-level or participant-level services) shall be detailed in a written
agreement and be consistent with the parameters set forth in the plan documents.
Either party to the pension consulting agreement may terminate the agreement upon written notice
to the other party in accordance with the terms of the agreement for services. The pension
consulting fees will be prorated for the quarter in which the termination notice is given and any
unearned fees will be refunded to the client.
General Information About Our Services
In performing our services, we are not required to verify any information received from the client
or from the client's other professionals (e.g., attorneys, accountants, etc.,) and we are expressly
authorized to rely on that information. It is always the client’s responsibility to notify us promptly
of any change in the client’s financial situation or investment objectives so that we can review,
evaluate, or revise our recommendations and/or services.
Advice Relating To Retirement Plan Accounts Or Individual Retirement Accounts
When we provide investment advice to you regarding your retirement plan account or individual
retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement
Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing
retirement accounts. The way we make money creates some conflicts with your interests, so we
operate under a special rule that requires us to act in your best interest and not put our interest
ahead of yours.
Under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give
prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give
loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your
best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.
Types of Investments
We offer advice on money market funds, equity securities, corporate debt securities (other than
commercial paper), certificates of deposit (“CD”), municipal securities and mutual fund shares,
alternative investments, ETFs (including ETFs in the gold and precious metal sectors), real estate
funds (including REITs), structured products, insurance products including fee based annuities,
treasury inflation protected/inflation linked bonds, commodities, option contracts, and non-U.S.
securities. We sometimes use other securities to help diversify a portfolio when applicable. We also
provide advice on any type of investment held in your portfolio at the inception of our advisory
relationship.
Type and Value of Assets Currently Managed
As of March 31, 2023, we had $ 167,758,903 in discretionary assets under management and advise
on $ 17,498,409 in assets held in pension/401(k) plans.