WhiteOaksWealthAdvisors,Inc.(“WhiteOaks”)is aninvestmentadviserregisteredwiththeUnitedStates SecuritiesandExchangeCommission.SharonAlison Bloodworthis100%shareholder,CEOandChief ComplianceOfficerofthefirm.Thefirmisnotpublicly ownedortraded.Therearenoindirectownersofthefirm orintermediarieswhohaveanyownershipinterestinthe firm.WhiteOaksprovidesFamilyOfficeServices, InvestmentManagement,WealthManagementandTrust Services.Clientsarefreetoimposeinvestment restrictionsontheiraccountsotherthaninour proprietaryfunds.AllofWhiteOaksclientshavegiven thefirmdiscretionaryauthoritytomakeinvestment decisionsintheiraccountsfollowingaproprietarymodel createdbyWhiteOaksdesignedtomeetaclient’sdesire forreturnandappetiteforrisk.AsofDecember31,2023, thefirmmanagedassetsonadiscretionarybasisinthe amountof$490,918,360with228clients.WhiteOaksalso managedcustodyassetsasofDecember31,2023,of $189,840,697.Theseassetsareincludedinourassets undermanagement.WhiteOaksnolongeraccepts nondiscretionaryrelationshipsforinvestment managementrelationships.
WhiteOaksprovidesthefollowingWealthManagement servicesforitsclients: (4) WhiteOaksviaitsFamilyOfficebusinessunit providesservicesincludingbutnotlimitedtoInvestment TrackingandPerformanceReporting,BillPaying, HouseholdManagement,PayrollProcessing,Estate PlanningStrategies,TaxPlanningandRecordkeeping, Intra-FamilyCommunicationandMeetings,Developing andManagingPhilanthropicProgramsandProcessesand manyotheritemsthatthefamilymayneedonafinancial basis.Theseservicesarecontractedindividuallyandthe feesareknowninadvanceoftheengagement.Portfolio Managementasdescribedbelowisnotexpresslyincluded intheseservicesandiscontractedforseparately.Feesfor theseservicesvaryandarebasedontheexpectedworkto bedoneandarehighlycustomized.Allfeesaredisclosed andagreedtoinadvanceoftheengagement.
(5) WhiteOaksusesWhiteOaksInvestment Management,Inc.toprovideinvestmentadviceforour clients.TheownershipstructureofWhiteOaks InvestmentManagement,Inc.isthesameasWhiteOaks WealthAdvisors,Inc.SharonAlisonBloodworthis100% shareholder,CEOandChiefComplianceOfficerofthe firm.Thereisaformalagreementbetweenthetwo companiesforservicesforwhichWhiteOaksreceives40 basispointsfromWhiteOaksInvestmentManagement, Inc.onallprivatefundincomeforservicingallclientsand WhiteOaksInvestmentManagementreceives40%of billedfeesfromWhiteOaksforinvestmentmanagement services.BothcompaniesareincorporatedinDelaware.
WhiteOaksislocatedinMinneapolis,Minnesota,and WhiteOaksInvestmentManagementislocatedin Sarasota,Florida.Bothfirmstakeonclientsfromaround theentireUnitedStates.WhiteOaksdoesthefinancial planning,familyofficeservices,operationwork,client serviceandmanagementofallcorefundaccounts.
WhiteOaksInvestmentManagement,Inc.advisesthe WhiteOaksprivatefundaccountsandprovides investmentrecommendations,researchandtradingto WhiteOaksforthecorefundaccounts.WhiteOaks providesPortfolioManagementservicesto individuals(otherthanhighnetworth),highnetworth individuals,pensionandprofitsharingplansand charitableorganizationsonadiscretionarybasisusing twomodels.Thesemodelsareintendedtohonorand respectvaryingclient’sneedsandpreferences.These modelsincludetheWhiteOaksCoreFundsandthe WhiteOaksPrivateFunds.Foreachapproach,White Oaksreviewswitheachclienttheirrisktoleranceand assetallocationbasedontheirexpectationsforreturn, appetiteforrisk,incomeneedsandprejudicesforand againstcertaintypesofinvestments.Fromthis,amodelis chosenandmanagedonanongoingbasis.WhiteOaks makesuseofseparatelymanagedaccountsandmutual, indexandexchange-tradedfundsforitsclientsin additiontoindividualsecurities.Fulldisclosureofthe additionallevelsoffeesformanagersandcustodyis providedtotheclient.WhiteOaksdeductsthefeesfor thisservicefromtheaccountwhenpossible.In conjunctionwiththisarrangement,(1)theclientprovides writtenauthorizationpermittingthedeductionofthese feestothetrustee/custodian;and(2)the trustee/custodianagreestosendtotheclientastatement, atleastquarterly,indicatingallamountsdisbursedfrom theaccountincludingtheamountofadvisoryfeespaid directlytoWhiteOaks.Nofeeiseverpaidmorethansix (6)monthsinadvance.ForourPrivateFundAccounts, thefeesarededucteddirectlyfromthefundsandare reflectedontheScheduleK-1attheendofthetaxyear and/orintheannualauditreport.WhiteOaks

doesnot shareorparticipateintransactionfeeschargedbythe trustee/custodian.Clientsareundernoobligationto acceptorfollowtherecommendationsmadebyWhite OaksortoeffecttransactionsthroughWhiteOaksor firmswithaconnectiontoWhiteOaks.
Clientsmaybeabletopurchaserecommendedfundsor separateaccountsoutsideofourfirmwithoutWhite Oaksfees.SinceWhiteOaksprovidesadviceon investmentcompanysecurities(i.e.mutualfunds),the Form ADV Part 2A — Brochure 5 clientshouldbeawarethat,inadditiontothefeespaidto WhiteOaks,therearealsofeesthattheinvestment companychargesforitsownadvisoryfeesandexpenses.
(6) WhiteOaksalsoprovidescomprehensivefinancial plansforaprojectfee.Thesefeesarepayableatthetime theplanisdeliveredbyWhiteOaksbasedonthe informationprovidedbytheclientontheirgoalsand objectives.Clientswillbeaskedtorateand ranktheir goalsandobjectivesincluding,butnotnecessarilylimited to,retirement,educationfunding,estateandincometax reduction,wealthtransfer,stockoptionexercises, portfoliodesign,cashflowandbudgetingandother topicsrelevanttotheclient’sfinancialsituation.Aclient’s goalsandprejudicesforandagainstcertainconcepts and/orinvestmentvehicleswillbeevaluatedand consideredwhendevelopingstrategiestomeetor improvetheirfinancialstatus.Indeveloping recommendedstrategies,WhiteOakswillreviewthe client’sneedsandopportunitieswithregardtocashflow management,retirementand/orfinancialsecurity,risk managementandinsuranceneeds,specialfundingneeds, estateandwealthtransfer,incomeandestatetaxand investmentpolicy.WhiteOaksmayalsorecommend specificinvestmentvehiclesincludingstocks,bonds, separatelymanagedaccounts,mutualfunds,hedgefunds, commodities,structurednotes,futures,realestateortax deferredortax-exemptvehicles.WhiteOaksmayalso recommendcertaintypesofinsurancetobeimplemented aspartofaplan;however,wedonotsell orreceivecommissionsfromthesaleofinsuranceor investment products. While a comprehensive financial plan is based on future expectations, each clientis stronglyurgedtohaveaplanreviewedannuallyinorder toadapttonewandchangingcircumstances.
(7) WhiteOakswillalsoprovideothermiscellaneous servicestoclientsonanhourlytimeandexpensebasis including,butnotlimitedto,financialplanning,family meetings,costbasisresearch,billpaying,outside investmentresearchandothermiscellaneousservicesa clientmayrequest.
WhiteOakscaterstoultra-highnetworthfamilyoffice clientsaswellashighnetworthindividualsseeking investmentmanagementandfinancialplanningservices.
Feesforourservicesaredeterminedcarefullysothatthey aretailoredtoourclient’sspecificneedsandare competitiveinthemarketplace.Ourfirminvestment managementportfoliominimumis$2,000,000andcanbe waivedatWhiteOaksdiscretion.
Ourfirm’sdesignrecognizesthatclientsshouldbeable topickandchoosetheservicestheywant.Weofferala cartepricingonallserviceswithdiscountsofferedfor usingmultipleservices.
Fornon-investmentservices,weofferhourly,projectfee orretainerrelationshipsdependingontheclient’sneeds andpreferences.Familyofficeservicesareusuallyoffered onanannualretainerbasis.Allfeesaredisclosedin advance.Feesforfinancialplansarebilledonproject completion.Investmentmanagementfeesarebilledin arrears.CoreFundfeesarewithdrawnfromthe investmentaccountonaquarterlybasis.PrivateFund feesaredeductedfromthefundonamonthlybasis.
Form ADV Part 2A — Brochure 6