LIVE OAK FAMILY OFFICES LLC other names

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Adviser Profile

As of Date:

03/12/2024

Adviser Type:

- Large advisory firm

Number of Employees:

2

of those in investment advisory functions:

2

Registration:

Florida, Terminated, 3/9/2023

Other registrations (2)
AUM:

147,541,325 4.43%

of that, discretionary:

147,541,325 4.43%

Private Fund GAV:

13,419,747 -18.67%

Avg Account Size:

1,261,037 -6.28%

% High Net Worth:

37.50% -14.58%

SMA’s:

NO

Private Funds:

1

Contact Info

904 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
184M 158M 132M 105M 79M 53M 26M
2022 2023

Recent News

Insider Sell: Chief Marketing & Comm Officer Micah Davis Sells 8,613 Shares of Live Oak ...
03/14/2024

Related Stocks: LOB,

gurufocus.com

What's Driving Live Oak Bancshares Inc's Surprising 13% Stock Rally?
03/06/2024

Check out Diamond Hill Capital Stock Picks » Download GuruFolio Report of Diamond Hill Capital (Updated on 03/05/2024)Related Stocks: LOB, MBIN, EFSC, WABC,

gurufocus.com

Live Oak Bancshares (LOB): The Top Performer of SouthernSun Small Cap Strategy in Q4
02/21/2024

SouthernSun Asset Management, LLC, an investment management firm, released its “SouthernSun Small Cap Strategy” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy increased 9.65% on a gross basis (9.44% net) compared to a 14.03% return for the Russell 2000 Index and 15.26% for the […]

Insider Monkey

Live Oak Bancshares (LOB) Rose After the Fed’s November Meeting
02/06/2024

Diamond Hill Capital, an investment management company, released its “Small Cap Fund” fourth-quarter 2023 investor letter. A copy of the same can be downloaded here. During Q4 2023, the strategy returned 15.49% compared to 14.03% for the Russell 2000 Index. The relative outperformance in Q4 came from the strong performance of Financials and consumer discretionary holdings […]

Insider Monkey

Live Oak Bancshares, Inc. (NASDAQ:LOB) Q4 2023 Earnings Call Transcript
01/27/2024

Live Oak Bancshares, Inc. (NASDAQ:LOB) Q4 2023 Earnings Call Transcript January 25, 2024 Live Oak Bancshares, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, ladies and gentlemen, and welcome to the Live Oak Bancshares Q4 Earnings Conference […]

Insider Monkey

Live Oak Bancshares (LOB) Benefited from Stabilizing Financial Environment
11/09/2023

Diamond Hill Capital, an investment management company, released its “Small Cap Fund” third-quarter 2023 investor letter. A copy of the same can be downloaded here. During Q3 2023, US stocks fell by 3%, bringing YTD gains to around 12% as measured by the Russell 3000 Index. The portfolio trailed the Russell 2000 Index in Q3 and […]

Insider Monkey


Private Funds Structure

Fund Type Count GAV
Other Private Fund 1 $13,419,747

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Private Funds



Employees




Brochure Summary

Overview

A. H. Thomas Platt III founded Live Oak Family Offices LLC (“Live Oak”) in August 2003. He was the sole owner and investment advisor of the firm until the end of 2021. On January 1, 2022, Kevin P. McCutcheon joined and became an equal partner at Live Oak. B. Live Oak provides discretionary investment management services utilizing a balanced asset allocation comprised of equities, fixed income, alternative investments (e.g., commodities funds, real estate funds), and cash reserves. Live Oak typically invests in mutual funds and exchange traded funds. C. Our objective is to provide a comprehensive wealth management solution for each client by integrating planning, investment management, and monitoring/analysis resources with Live Oak’s competencies. To meet client needs, we focus on the following: ➢ Strategic investment policy ➢ Tactical asset allocation ➢ Access to private alternative investment opportunities, when appropriate ➢ Investment monitoring and performance evaluation D. IRA Rollover Recommendations For the purpose of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02"), when applicable, we are providing the following acknowledgment to clients. When we provide investment advice to clients regarding their retirement plan account or individual retirement account, we are a fiduciary 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 client interests. We operate under an exemption that requires we act in the clients’ best interest and
not put our or our employees’ interests ahead of the clients. Under this exemption, we must:
• meet a professional standard of care when making investment recommendations (give prudent advice),
• never put our or our employees’ financial interests ahead of the clients when making recommendations (give loyal advice),
• avoid making misleading statements about conflict of interests, fees, and investments,
• follow policies and procedures designed to ensure that our and our employees give advice that is in the clients’ best interest,
• charge no more than is reasonable for services, and
• give the clients basic information about conflict of interests. We benefit financially from the rollover of the clients’ assets from a retirement account to an account that we manage or provide investment advice, because the assets increase our assets under management and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when our and our employees believe it is in the clients’ best interest. E. Live Oak does not participate in any wrap fee programs. F. As of December 31, 2023, assets managed in-house for investment management clients and family total approximately $41.8 million. From time to time, Live Oak also recommends direct private placement investments to clients. At this writing, investment management clients and family have invested approximately $3 million in various private placement investments. Live Oak also offers family office services for non-investment management clients. At this writing, Live Oak has approximately $102.7 million assets under management for family office clients.