Pete Crabtree, MBA
Pete received an M.B.A. from Lake Forest Graduate School of Management and a B.S. in Marketing from St. Cloud State University. He is also an alumnus of The Graduate Institute of St. John’s College in Annapolis, MD. Before founding OakHill Prosperity, Pete has a long history of providing financial advice, having served most of his career for two private families in the Chicagoland area.
Pete loves to read, enjoy a good conversation over a cup of coffee , hike and bike ride. He is married to Jana and together they raised 5 children, now adults. They have been residents of Lake County, Illinois for 28 years.
What Makes Us Different?
|TYPICAL FINANCIAL PLANNING||OAKHILL PROSPERITY|
|The professional planner is the expert:
Finances are represented as something confusing that should be delegated.
|Clients are empowered:
Money is demystified. Education-based approach builds financial confidence.
|Money stays still:
Assets are accumulated into accounts where they sit, financially "stagnant."
Your personal economy is alive and well; money flows in and out of accounts.
|Institutions control your money:
They put your assets "under management," and /or give control to the government.
|You control your money:
You maintain responsibility for and access to your assets and funds.
|Focused on rate-of-return:
“How much is this earning me?"
|Focused on recovering opportunity costs:
“What will be the opportunity cost if I make choice X?”
|Dollars do only one job:
You're encouraged to save separately for emergencies, education, retirement, and major purchases, thus using each dollar for one purpose only.
|Dollars do many jobs:
Dollars are simultaneously used for flexible and multiple purposes.
|Lives only on interest:
At mercy of interest or return rates, you keep your fingers crossed in hope that you won’t use principle.
|Safely spends and replaces principle:
A much more flexible, sustainable way to live.
|Net worth is the primary measurement:
The goal is a bigger portfolio.
|Cash flow is the primary measurement:
The goal is more money to enjoy each month.
Your reward for work is not working.
Abundantly and freely enjoy your work and your life - all life long
“How much do I have to save?"
"How else can I build value, service and wealth?"
|Micro (vacuum) based:
The focus is on your "portfolio".
|Macro (big picture) based:
The view is your whole personal economy.
Oak Hill Wealth is a wealth management firm based in Libertyville, IL that places an emphasis on helping clients leverage financial success to achieve what matters most to them. We believe that personal wealth, like time management, physical health and spirituality, impacts almost every dimension of our lives, for good or bad. Consequently, wealth is not a silo, rather it is both connected to and a reflection of our deepest values and commitments. It becomes a means by which our values find their expression in the world. Managing and using money well is an essential part of living a good and happy life.
That is what we love about this business: for us almost nothing is as enjoyable as helping a client develop and execute a strategic financial plan that in turn helps them live the satisfying life they desire. We believe this kind of financial planning and management can only be done in the context of a client-to-advisor, human-to-human relationship because it requires trust, attention and empathy.
Pete Crabtree, MBA
Pete received an M.B.A. from Lake Forest Graduate School of Management and a B.S. in Marketing from St. Cloud State University. He is also an alumnus of The Graduate Institute of St. John’s College in Annapolis, MD. Before founding Oak Hill, Pete has a long history of providing financial advice, having served most of his career for two private families in the Chicagoland area.
Pete loves to read, enjoy a cup of coffee with almost anyone, hike and bike ride (and, truth be told, play an occasional round of golf). He is married to Jana and together they raised 5 children, now adults. Currently they enjoy the proximity of 5 grandchildren. They have been residents of Lake County, Illinois for 25 years.