Silveroak Wealth Management LLC

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Client assets under management

$1,994,264,427

Clients

444

74% high-net-worth

Advisors

of 23 employees

Firm type

Team

5-30 advisors or >$500M in AUM

Clients per advisor

Typical

Average account size

$4,491,587

About

SilverOak serves individuals (including high-net-worth clients), pension and profit-sharing plans, trusts, estates, charitable organizations and business entities. The firm provides fee-only financial planning and portfolio management along with pension consulting, tax-qualified employee benefit services, financial education workshops, and optional implementation services such as tax preparation and bill-pay.

SilverOak manages accounts on both discretionary and non-discretionary bases, constructing portfolios from bonds, mutual funds, ETFs, individual equities and, when appropriate, private investments or limited partnerships, and it may allocate portions of client portfolios to independent third‑party managers. The firm describes a formal due‑diligence and ongoing monitoring process for mutual funds and third‑party managers and offers access to wrap-fee manager programs through Charles Schwab (Schwab Access and Schwab Select).

The brochure reports discretionary assets of approximately $1.87 billion as of December 31, 2025 alongside a seven‑person advisory team, a combination that results in a higher AUM-per-advisor ratio than is typical for peer teams. SilverOak also discloses that certain principals are licensed CPAs and that the firm provides tax preparation and bill‑pay services to ongoing clients, and it directs prospective clients to its CRD number and SEC disclosures for additional third‑party information.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers

Expertise

Equity compensation tax strategy Retirement plans for business owners (SEP, solo 401k) General tax planning Wealth management

Fee options

Fixed

Fixed fees typically range from $1,500 to $25,000 depending on service type and complexity.

Percentage

$0 - $500,000: 1.25% annually $500,000 - $1,000,000: 1.00% annually $1,000,001 - $3,000,000: 0.75% annually $3,000,001 - $5,000,000: 0.50% annually $5,000,001 - $10,000,000: 0.35% annually $10,000,001+: 0.20% - 0.35% annually (negotiable)

Project-based

Hourly fees range from $50 to $350 per hour depending on service and complexity.

Other

Account minimum: $250,000 Fee-only: Fixed fees typically ranging from $1,500 to $25,000 for various services; hourly rates from $50 to $350 per hour; fixed fees for workshops and consulting; tax preparation fees $1,000 - $3,000; bill pay services $1,500 - $6,000 monthly.

Main office location

Silveroak Wealth Management LLC

3600 Minnesota Drive, Suite 860

Edina MN 55435, United States

Number of offices

Most active in

Arizona · California · Colorado · Florida · Illinois · Iowa · Massachusetts · Michigan · Minnesota · New Hampshire · New York · Pennsylvania · Texas · Wisconsin

Disclosures

Business activities & affiliations

Is active or affiliated with:

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

Website 952-896-5700

Advisors at this firm

Shannon K

CFP®, Series 65

Edina, MN

Silveroak Wealth Management LLC

Shannon King is a Certified Financial Planner (CFP®) with 20 years of experience in the financial services industry. She has been with SilverOak Wealth Management LLC since 2002. SilverOak Wealth Management is a fee-only, SEC-registered investment adviser serving individuals, retirement plans, trusts, estates, charitable organizations, and business entities. The firm provides a range of services including portfolio management, financial planning, pension consulting, and tax-related services, with an emphasis on individualized investment policies and ongoing portfolio supervision.

Equity compensation tax strategy Retirement plans for business owners (SEP, solo 401k) General tax planning Wealth management

Daniel H

CFP®

Edina, MN

Silveroak Wealth Management LLC

Daniel Hedegard is a Certified Financial Planner™ (CFP®) at SilverOak Wealth Management LLC in Edina, MN, where he has worked since 2014. He is part of a seven-advisor team at the firm. SilverOak Wealth Management is a fee-only, SEC-registered investment adviser serving individuals, retirement plans, trusts, estates, charitable organizations, and business entities. The firm offers a range of services including portfolio management, financial planning, pension consulting, and tax-related services, with an emphasis on individualized investment policy development and ongoing portfolio supervision.

Equity compensation tax strategy Retirement plans for business owners (SEP, solo 401k) General tax planning Wealth management

Nicholas T

CFP®

Edina, MN

Silveroak Wealth Management LLC

Nicholas Thunker is a CFP® professional with 12 years of industry experience. He has been with Silveroak Wealth Management LLC since 2007. SilverOak Wealth Management is a fee-only, SEC-registered investment adviser serving individuals, retirement plans, trusts, estates, charitable organizations, and business entities. The firm offers discretionary and non-discretionary portfolio management, financial planning, pension consulting, and other services, with a focus on individualized investment policies and ongoing portfolio supervision.

Equity compensation tax strategy Retirement plans for business owners (SEP, solo 401k) General tax planning Wealth management

Jonathan S

CFP®, CFA®, Series 63

Edina, MN

Silveroak Wealth Management LLC

Jonathan Scharlau is a CFP® and CFA® with 12 years of experience in financial advising. He has been with Silveroak Wealth Management LLC since 2008. Silveroak Wealth Management is a fee-only, SEC-registered investment adviser serving individuals, retirement plans, trusts, estates, charitable organizations, and business entities. The firm offers a range of services including portfolio management, financial planning, pension consulting, and tax-related support, emphasizing individualized investment policies and ongoing portfolio supervision.

Equity compensation tax strategy Retirement plans for business owners (SEP, solo 401k) General tax planning Wealth management

Christopher L

CFP®, PFS™, Series 66

Edina, MN

Silveroak Wealth Management LLC

Christopher Link is a CFP® and PFS™ with Series 66 registration and six years of experience at Silveroak Wealth Management LLC. He previously worked at Accredited Investors and BDO. Silveroak Wealth Management is a fee-only, SEC-registered investment adviser serving individuals, retirement plans, trusts, estates, charitable organizations, and business entities. The firm offers discretionary and non-discretionary portfolio management, financial planning, pension consulting, and tax-related services, emphasizing individualized investment policies and ongoing portfolio supervision.

Equity compensation tax strategy Retirement plans for business owners (SEP, solo 401k) General tax planning Wealth management

Kathleen N

CFP®, PFS™, Series 66

Edina, MN

Silveroak Wealth Management LLC

Kathleen Nelson is a CFP® and PFS™ with 8 years of industry experience. She has been with SilverOak Wealth Management LLC since 2015. She is also a partner of an inactive accounting firm, Moquist Thorvilson & Kaufmann. SilverOak Wealth Management is a fee-only, SEC-registered investment adviser serving individuals, retirement plans, trusts, estates, charitable organizations, and business entities. The firm offers discretionary and non-discretionary portfolio management, financial planning, pension consulting, and tax-related services, emphasizing individualized investment policy development and ongoing portfolio supervision.

Equity compensation tax strategy Retirement plans for business owners (SEP, solo 401k) General tax planning Wealth management

Alexander D

CFP®

Edina, MN

Silveroak Wealth Management LLC

Alexander Dunne is a CFP® professional with seven years of experience in the financial advisory industry. He has been with SilverOak Wealth Management LLC since 2015. The firm is a fee-only, SEC-registered investment adviser serving individuals, retirement plans, trusts, estates, charitable organizations, and business entities. SilverOak offers discretionary and non-discretionary portfolio management, financial planning, pension consulting, financial education workshops, and implementation support, emphasizing individualized investment policies and ongoing portfolio supervision.

Equity compensation tax strategy Retirement plans for business owners (SEP, solo 401k) General tax planning Wealth management

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