Scarborough, ME Office

Running Oak Capital provides discretionary portfolio management primarily for high‑net‑worth individuals and a range of institutional clients, including other investment advisers, banks, pension plans, charities, corporations and insurance companies. Services described in the brochure include separately managed accounts, model delivery for unified managed account (UMA) programs, sub‑advisory arrangements for third‑party wrap programs, and serving as the investment adviser to the Running Oak Efficient Growth ETF.

The firm’s investment approach is equity‑focused and combines fundamental and quantitative analysis to construct a roughly equally weighted portfolio of about 50–75 mid‑ and large‑cap stocks under its Efficient Growth strategy. A related “Free World Efficient Growth” strategy applies additional negative screening to reduce country‑specific exposure to economies controlled by authoritarian regimes; both strategies emphasize downside volatility management and may include ADRs or other foreign‑domiciled issuers.

What is distinctive in the brochure is the firm’s scale relative to its advisory team: it reports approximately $875 million in assets under management across roughly 1,017 clients served by a small advisory staff, implying a high client‑to‑advisor ratio and elevated AUM per advisor. The firm also functions in multiple roles that are less common for peers — ETF adviser, UMA/model delivery provider, and sub‑advisor to wrap programs — and the brochure does not list standalone financial planning as a separate service offering.