David Paton
David Paton is a registered investment advisor at The Oak Ridge Financial Services Group, INC, based in Woodbury, MN, with 38 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 1,501 clients with $460M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Oak Ridge offers separately managed accounts where third-party managers handle your investments. Fees for these accounts vary from 0.25% to 2.25% of the assets managed, not to exceed a cumulative fee of 2.50%. These fees are paid to the third-party manager, who then remits a portion to Oak Ridge. In some cases, Oak Ridge charges the advisory fees directly to the client.
Location
539 Bielenberg Dr - Suite 100, Woodbury, MN, 55125
Get directionsHistory
Regulatory History (4)
Customer Dispute
June 2020Employment Separation After Allegations
January 2019Customer Dispute
December 2017Customer Dispute
September 1996Other Business Activities
David serves as treasurer for two non-profit organizations: Neighbors Inc. since 2020 (a few hours per week) and Black Oak Lake Preservation since 2023 (minimal time). These roles involve reviewing finances, collecting fees, and working with other board members, and are not investment-related.
Employment History
Current Registrations
The Oak Ridge Financial Services Group, INC.Broker
The Oak Ridge Financial Services Group, INC
Previous Registrations
RBC Capital Markets, LLC
RBC Capital Markets, LLCBroker
Northwestern Mutual Investment Services, LLCBroker
Robert W. Baird & CO. IncorporatedBroker
UBS Painewebber INC.Broker
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
State Registrations14 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.