SilverOak Wealth Management

Business Details

Your Trusted Financial Partner in Minneapolis, MN

SilverOak Wealth Management is a fee-only, independent wealth management firm and Registered Investment Advisor (RIA) based in Minneapolis/St. Paul. Our mission is to be your financial partner for life, helping clients achieve financial freedom through personalized, fiduciary-driven advice. We specialize in comprehensive financial planning, investment advisory services, and wealth management tailored to individual values, beliefs, and long-term goals. Our team of experienced advisors holds prestigious credentials such as CFP, CPA, and CFA, and we prioritize transparency, objectivity, and client-centric solutions. We act as fiduciaries, ensuring your interests always come first, and offer customized strategies for retirement planning, tax optimization, estate planning, and socially responsible investing.

Our rigorous investment process includes proprietary analysis and continuous portfolio monitoring to align with evolving client needs. We collaborate with external professionals like attorneys and accountants to provide holistic financial guidance. Recognized as Five Star Wealth Managers and listed among top financial advisors in Minneapolis, we combine expertise with a commitment to community service, volunteering with organizations like Toys for Tots and Feed My Starving Children. Our culture emphasizes lifelong learning, advanced certifications, and a disciplined approach to wealth management, ensuring clients receive informed, ethical, and forward-thinking financial solutions.

Services

Investment Advisory Services Comprehensive Financial Planning Executive Counseling Estate Planning Charitable Giving Education Planning Tax Planning Wealth Transfer Socially Responsible Investing Market Insights

Highlights and features

We are fee-only advisors with no product commissions or conflicts of interest.
Our team holds prestigious credentials including CFP, CPA, and CFA designations.
We provide customized financial plans aligned with your personal values and goals.
Our proprietary Investment Quality Scoring System ensures rigorous portfolio analysis.
We prioritize community involvement and ethical, transparent financial guidance.

What people say

Personalized financial solutions Fiduciary-driven advice Expertise in tax strategies Long-term client relationships Community involvement

Website

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Services

Investment Advisory Services

We develop personalized investment strategies aligned with your financial goals and risk tolerance. Our process includes creating an Investment Policy Statement, designing diversified portfolios, and continuous monitoring. We utilize low-cost, tax-efficient investments and rebalance periodically to maintain alignment with long-term objectives while educating clients on market trends and behavioral biases.

Comprehensive Financial Planning

Our financial planning translates life goals into actionable strategies. We analyze assets, liabilities, income, and expenses to create dynamic plans addressing retirement readiness, tax optimization, insurance coverage, and risk management. Scenario analysis helps clients adapt to changing circumstances, ensuring their plan evolves with life stages and economic shifts while focusing on controllable financial factors.

Estate Planning

We collaborate with attorneys to design estate plans that preserve wealth for future generations. Services include creating net worth statements, establishing wills/trusts, and navigating probate. Our approach ensures legal documentation reflects your wishes for asset distribution, healthcare directives, and powers of attorney, providing peace of mind for clients and their families.

Executive Counseling

Tailored financial guidance for executives navigating complex benefit plans. We analyze stock options, deferred compensation, and retirement strategies to maximize corporate benefits while minimizing tax liabilities. Our services include 401(k) optimization, executive stock management, and long-term wealth preservation strategies specific to high-income professionals.

Socially Responsible Investing

We construct portfolios aligning investments with personal values through Environmental, Social, and Governance (ESG) criteria. Our framework integrates client preferences with competitive returns, leveraging ongoing research into sustainable investment strategies and manager due diligence to advance both financial and societal goals.

People

Jonathan Scharlau

Partner

With CFA, CFP, and CAIA designations, Jonathan leads strategic initiatives at SilverOak. He specializes in investment analysis and portfolio management, bringing over two decades of experience in wealth management to develop client-centric solutions.

Shannon King

President, Partner, Chief Compliance Officer

Shannon oversees compliance and strategic operations. A CPA and CFP with expertise in financial planning, she ensures adherence to fiduciary standards while guiding the firm's growth and client service excellence.

Kathy Nelson

Partner

As a CPA and CFP, Kathy focuses on comprehensive financial planning and tax strategies. Her client-centered approach emphasizes long-term wealth preservation and intergenerational planning, supported by her extensive industry experience.

Nick Thunker

Service Advisor

Nick provides personalized financial advice, leveraging his CFP and ABFP certifications. He specializes in retirement planning and investment education, helping clients navigate complex financial decisions with clarity.

Chris Link

Senior Tax Director & Service Advisor

Chris leads tax planning initiatives, combining CPA and CFP credentials to optimize clients' financial strategies. His expertise in tax-efficient investing and estate planning ensures holistic wealth management solutions.

Questions

What services does SilverOak Wealth Management offer?

We provide investment advisory services, comprehensive financial planning, estate planning, executive counseling, tax strategies, and socially responsible investing tailored to individual client needs.

Are you fiduciary financial advisors?

Yes, we act as fiduciaries, legally obligated to prioritize client interests above all else in every recommendation and decision.

Do you work with clients outside Minnesota?

Yes, we serve individuals and families nationwide through virtual consultations and personalized digital tools.

What credentials do your advisors hold?

Our team includes Certified Financial Planners (CFP), Certified Public Accountants (CPA), Chartered Financial Analysts (CFA), and other specialized designations.

How do you approach investment management?

We use a proprietary Investment Quality Scoring System, diversification strategies, and continuous monitoring to align portfolios with client objectives.