Overview
Old Oak Financial Planning Inc. (Old Oak) is an independent, fee-based financial planning firm
that was incorporated on January 1, 1995. The principal owner, Mark E. Garbacik is a Certified
Financial Planner (CFP) and has been since 1992. Old Oak is a registered investment advisor
that uses a holistic approach to planning which means they look at your total financial picture.
As of January 1, 2024, Old Oak had total assets under management of $134,659,790. Of this
amount, $81,204,389 is managed on a discretionary basis and $53,455,401 is managed on a non-
discretionary basis.
Old Oak Financial Planning and its Investment Advisors are fiduciaries, and they will provide
financial advice that is in the best interest of the client. In addition, we will give this best-interest
advice for reasonable compensation and make no misleading statements about investment
transactions, compensation, or conflicts of interest.
The types of Advisory services offered by Old Oak are as follows:
▪ Comprehensive Financial Planning
▪ Investment Management
▪ Modular Plans
Comprehensive Financial Planning involves gathering detailed information from each client
about his or her financial objectives, income, assets, liabilities, budget, insurance needs, tax
liabilities, estate plan, investments, and other financial concerns. Some of these financial
concerns are the educational needs of their children, new business ventures, and personal goals.
The
information collected is organized and analyzed by Old Oak. The client is then presented
with a customized, written report which may include recommendations concerning cash flow,
tax planning, investments, retirement, education, insurance, and estate planning.
Investment Management is an advisory service for clients that want active management of
their investments. Active investment management entails ongoing monitoring of client’s
investment portfolios, reporting to the client via portfolio statements and discussion with the
client regarding recommended changes to the portfolio. This service consists primarily of “no
load” mutual funds, exchange traded funds (etfs) and individual stocks and bonds. However, in
the course of providing investment advice, Old Oak may consider any investment that the client
asks us to analyze.
Old Oak Financial Planning tailors its advisory services to the individual needs of the client.
Clients are asked to fill out an Investment Questionnaire that depicts the level of investment risk
they are willing to take. They may impose restrictions on investing in certain securities or types
of securities and may indicate these restrictions on the Investment Questionnaire.
Modular Plans are used for clients just starting out or on a budget. These focused plans
concentrate on one area or issue of concern. For example, a young client on a budget may want
to start an IRA. Cost is based on an hourly rate.