Silveroak Wealth Management LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$1,994,264,427
Clients
444
Advisors
7
of 23 employees
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
Expertise
Fee options
Fixed fees typically range from $1,500 to $25,000 depending on service type and complexity.
$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)
Hourly fees range from $50 to $350 per hour depending on service and complexity.
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
3600 Minnesota Drive, Suite 860
Edina MN 55435
Advisors at this office
7
Most active in
Arizona · California · Colorado · Florida · Illinois · Iowa · Massachusetts · Michigan · Minnesota · New Hampshire · New York · Pennsylvania · Texas · Wisconsin
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:
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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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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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.
Advisors at this firm
Shannon K
CFP®, Series 65
Edina, MN
Silveroak Wealth Management LLC
Shannon King is a CFP® with 21 years of industry experience, currently serving as an advisor at Silveroak Wealth Management LLC in Edina, MN. She has been with Silveroak since 2002, contributing over two decades to the firm’s advisory team. Silveroak Wealth Management serves individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and business entities. The firm offers fee-only financial planning, portfolio management, and additional services such as pension consulting and financial education workshops, managing discretionary and non-discretionary portfolios that include a variety of investment vehicles.
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.
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.
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.
Christopher L
CFP®, PFS™, Series 66
Edina, MN
Silveroak Wealth Management LLC
Christopher Link is a CFP® and PFS™ credentialed financial advisor with two years of industry experience. He has worked at Silveroak Wealth Management LLC since 2020 and previously held roles at Accredited Investors and BDO. Silveroak Wealth Management serves individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and business entities with fee-only financial planning and portfolio management. The firm manages approximately $1.87 billion in discretionary assets and employs a seven-person advisory team that utilizes a formal due-diligence process for investments and offers tax preparation and bill-pay services.
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.
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.
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