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White Oaks Wealth Advisors
White Oaks Wealth Advisors was founded in 1986 by Bob Klosterman in Minneapolis. Klosterman built the firm from an independent advisory practice that later...
White Oaks Wealth Advisors
White Oaks Wealth Advisors was founded in 1986 by Bob Klosterman in Minneapolis. Klosterman built the firm from an independent advisory practice that later became a collaborative multi-family office. Sharon Bloodworth now serves as CEO and sole owner. The firm deploys client capital across fund-of-funds, hedge funds, private equity, real estate, and natural resources. It maintains dedicated pooled vehicles including White Oaks Global Equity Portfolio LLC, White Oaks Global Real Estate Portfolio LLC, and White Oaks Absolute Return Portfolio LLC. Allocations remain concentrated in North America with exposure to healthcare services. White Oaks maintains six internal portfolio vehicles with combined reported values exceeding $400 million. It holds memberships in Rotary Club #9, Vistage, Forbes Finance Council, NAPFA, and CEOs Against Cancer. Sharon Bloodworth also serves on the board of Minnesota Opera.
General information
Firm type
Multi Family Office
Year founded
1986
Location
Region
North America
Country
United States
City
Minneapolis
Corporate office
5500 Wayzata Boulevard Suite 290, Minneapolis, MN 55416, United States
Principals
Sharon Bloodworth
CEO
Bob Klosterman
Founder
Sector focus
Frequently asked questions
Who runs investment decisions at White Oaks Wealth Advisors?
Sharon Bloodworth serves as CEO and 100% owner. Bob Klosterman founded the firm in 1986 and has since retired.
Is White Oaks Wealth Advisors structured as a single family office or multi-family office?
It operates as a multi-family office serving multiple affluent families with complex cross-generational needs.
Does White Oaks Wealth Advisors participate in fund commitments or direct deals?
The firm allocates primarily through external funds and maintains internal pooled vehicles rather than originating direct deals.
Where does the underlying wealth come from at White Oaks Wealth Advisors?
The firm originated from Bob Klosterman's independent financial-planning practice that evolved to serve multiple families.
What investment types does White Oaks Wealth Advisors use?
Confirmed allocations include fund of funds, hedge funds, private equity, real estate, and commodities.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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