# Royal Oak Financial Advisors, LLC

> Royal Oak Financial Advisors, LLC is an SEC-registered investment advisory firm in Royal Oak, MI, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 5, 2026.

- CRD: 290152
- Filed as: ROYAL OAK FINANCIAL ADVISORS, LLC
- Also doing business as: SHOOP WEALTH MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Royal Oak, MI
- Filing period: October 2026
- Form ADV filing dated: August 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/290152
- AdvisorCensus page: https://advisorcensus.com/firm/royal-oak-financial-advisors-llc-royal-oak-mi-290152

## Quick answers

**How is Royal Oak Financial Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Royal Oak Financial Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**How much does Royal Oak Financial Advisors, LLC charge?**
Its Form ADV Part 2A brochure dated August 5, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Royal Oak Financial Advisors, LLC located?**
Royal Oak Financial Advisors, LLC's principal office is in Royal Oak, MI, according to its Form ADV; the September 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Royal Oak Financial Advisors, LLC registered with the SEC or a state?**
Royal Oak Financial Advisors, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 290152.

**How much does Royal Oak Financial Advisors, LLC manage?**
Royal Oak Financial Advisors, LLC reports $366,124,000 in regulatory assets under management in its Form ADV filing dated August 5, 2026 (100% discretionary).

**How have Royal Oak Financial Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Royal Oak Financial Advisors, LLC: Regulatory assets under management: $177,000,000 in the October 2021 data and $366,124,000 in the October 2026 data, up 107%. Total employees: 5 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Royal Oak Financial Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (700); high net worth individuals (62); charitable organizations (3).

**Which custodians does Royal Oak Financial Advisors, LLC use?**
Royal Oak Financial Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Royal Oak Financial Advisors, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/290152

**Does Royal Oak Financial Advisors, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated August 5, 2026 says: "We do not require a minimum account size."

**What changed in Royal Oak Financial Advisors, LLC's recent Form ADV filings?**
In the August 2026 filing data: Added the business name Shoop Wealth Management. Added an office in Westlake, OH. Registered or notice-filed in OH.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated August 5, 2026)

- Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

> The maximum annual management fee is 2.00%.

> For our financial planning and retirement plan monitor services, we charge a quarterly fee between $50 to $200.

- Account minimum: None

> We do not require a minimum account size.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $366,124,000
- Discretionary: $366,124,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 700 | $292,000,000 |
| High net worth individuals | 62 | $74,000,000 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 3 | $124,000 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services

### Firm details
- Registered since: 2018 (7 years)
- Employees: 7 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, LA, MI, OH
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Livonia, MI
- Westlake, OH

### Websites listed on Form ADV (Item 1.I)
- [royaloakfinancialadvisors.com](https://royaloakfinancialadvisors.com)
- Facebook @ROYALOAKFINANCIALADVISORS
- LinkedIn @ROYAL-AOK-FINANCIAL-ADVISORS
- YouTube @RoyalOakFinancialAdvisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $177,000,000 | 5 | August 26, 2021 |
| October 2022 | $201,000,000 | 5 | May 2, 2022 |
| October 2023 | $192,650,968 | 5 | March 2, 2023 |
| October 2024 | $250,000,000 | 6 | March 20, 2024 |
| October 2025 | $309,238,870 | 7 | May 9, 2025 |
| October 2026 | $366,124,000 | 7 | August 5, 2026 |

Regulatory assets under management: $177,000,000 in the October 2021 data and $366,124,000 in the October 2026 data, up 107%.
Total employees: 5 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Added the business name Shoop Wealth Management.
- Added an office in Westlake, OH.
- Registered or notice-filed in OH.

### April 2026
- Regulatory assets under management went from $309,238,870 to $366,124,000 (+18%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Royal Oak Financial Advisors, LLC (CRD 290152): Form ADV filing data as of October 2026.