Charter Oak Asset Management, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$74,082,146
Clients
114
Advisors
2
of 3 employees
About
Charter Oak Asset Management is a small, state‑registered investment adviser that serves individuals, high‑net‑worth clients, retirement plans, trusts, corporations and non‑profit organizations, generally subject to a $250,000 relationship minimum. The firm provides discretionary portfolio management through its proprietary Managed Account Programs (MAPs), along with purchase advisory services for individual fixed‑income securities and hourly consulting, and also offers life, accident and health insurance products through a licensed producer.
The firm’s MAPs use a strategic asset allocation framework across equity and fixed‑income fund portfolios and emphasize active management, with positions adjusted based on charting, economic and technical analysis. Charter Oak reports program results quarterly, sending clients performance comparisons versus the S&P 500 and a three‑year average beta for each MAP, and invests client assets primarily in mutual funds, ETFs and bank CDs held at major custodians.
Noteworthy for a firm of its size, Charter Oak publicly reports MAP performance and provides routine benchmarked performance letters to clients—an uncommon disclosure among peers. It also operates an in‑house licensed insurance producer and may receive insurance commissions and soft‑dollar research credits, which the brochure discloses as potential sources of additional compensation.
Client services
Expertise
Fee options
$250,000 - $500,000: 1.50% annually Over $500,000 - $2,500,000: 1.25% annually Over $2,500,000+: Negotiable
$325.00 per hour plus out of pocket expenses
Account minimum: $250,000
Main office
1520 Highland Ave
Cheshire CT 06410-1276
Advisors at this office
2
Most active in
Connecticut · Florida
Also doing business as
Barba Capital Management, Inc. · Charter Oak Asset Management, Inc.
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Advisors at this firm
Richard L
Series 63, Series 65
Cheshire, CT
Charter Oak Asset Management, Inc.
Richard Leukart is a financial advisor with Charter Oak Asset Management, Inc. in Cheshire, CT, holding Series 63 and Series 65 licenses and bringing 18 years of industry experience. He has been with Charter Oak since 2007. Outside of his advisory role, Leukart is co-owner of Seventy West, LLC, an LLC established to manage rental property. Charter Oak Asset Management serves individuals, retirement programs, trusts, corporations, and non-profits by providing discretionary investment management through proprietary Managed Account Programs, consulting, and fixed-income purchase advisory services. The firm emphasizes strategic asset allocation and active management informed by chart analysis and economic indicators, and it provides clients with regular performance reporting and access to insurance products.
Robert M
Cheshire, CT
Charter Oak Asset Management, Inc.
Robert Malik is a financial advisor at Charter Oak Asset Management, Inc. with 38 years of industry experience. He has been with Charter Oak since 1997. Charter Oak Asset Management serves individuals, retirement programs, trusts, corporations, and non-profit organizations by offering discretionary investment management through proprietary Managed Account Programs (MAPs), consulting, and a purchase-advisory service for individual fixed-income securities. The firm emphasizes strategic asset allocation and active management informed by chart analysis, economic fundamentals, and technical indicators, with regular performance reporting that includes benchmark comparisons and beta disclosures.
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