Columbia River Advisors, LLC (Tacoma)

Name: Columbia River Advisors, LLC
Address: 2115 N 30 Th Street, Suite 102, Tacoma, WA, 98403
Telephone: (253) 589-1401

Columbia River Advisors, LLC is a large advisory firm based in Tacoma. It manages $325.46 million of regulatory assets for 1,053 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alaska, California, Indiana, and 3 other states.

Columbia River Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Columbia River Advisors: assets under management

The assets under management (AUM) of Columbia River Advisors, LLC is $325.46 million. The firm's AUM has grown by 623% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $311.44 million in discretionary accounts and $14.02 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $311.44 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $264.6 thousand.

Columbia River Advisors has custody of $186.99 million in cash and securities for 328 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 10% of the firm’s portfolio. Investments in investment and business development companies form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Columbia River Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Columbia River Advisors serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Columbia River Advisors is high net worth individuals with 97 clients and $264.07 million of assets under management. Among the 10 most similar advisory firms, Columbia River Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $325.46 million for 406 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Columbia River Advisors also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $25,000 for each fund.

Careers at Columbia River Advisors, LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ben Addink Llc	Owner	1 Nov 2010	25% - 50%	27-3843271
Don Foy Llc	Owner	1 Nov 2010	25% - 50%	27-3843329
Brian Scalabrine Llc	Owner	1 Nov 2010	25% - 50%	27-3843154
Matthew William Stredwick	Member	1 Jun 2013	Other	6303589
Bill Chienping Hsu	Member	1 Oct 2013	Other	2929719
Donald Allen Foy	Member	1 Jan 2014	25% - 50%	4821689
Benjamin Johan Addink	Member	1 Jan 2014	25% - 50%	4387214
Brian David Scalabrine	Member	1 Jan 2014	25% - 50%	5823286
Don A. Foy	Member, chief compliance officer	1 Jan 2014	Other	4821689
Benjamin J Addink	Member	1 Jan 2014	25% - 50%	4387214
Brian Scalabrine	Member	1 Jan 2014	25% - 50%	5823286
Peter Michael Mafteiu	Cco	1 Mar 2015	Other	1244191
Julie Lynn Morrison	Operations manager	1 Jun 2015	Other	6220107
Peter Michael Mafteiu	Deputy compliance officer	1 Oct 2016	Other	1244191
David M Barron	Chief compliance officer	1 Oct 2016	Other	5721770
Nathaniel James Angelo	Managing member	1 Oct 2016	Other	4637789
Peter Michael Mafteiu	Chief compliance officer	1 Jul 2017	Other	1244191
Julie Lynn Morrison	Interim cco	1 Oct 2017	Other	6220107
Matthew Phillip Keefe	Member	1 Oct 2017	Other	3273518

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Benjamin J Addink	Member	1 Nov 2010	75% - 100%	4387214
Brian Scalabrine	Member	1 Nov 2010	75% - 100%	5823286
Don A. Foy	Member	1 Nov 2010	75% - 100%	4821689

Based in Tacoma

The principal office where Columbia River Advisors, LLC performs its advisory services is located at 2115 N 30 Th Street, Suite 102, Tacoma, WA 98403, which is also the mailing address of the firm. An additional office of the firm is in Bellevue, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (253) 589-1401 or by fax 253-589-1442. The normal business hours are 8:30am - 5pm; 3pm on friday on Monday - Friday. You can find more information about the New York firm at columbiariveradvisors.com.