Confluence Wealth Management LLC (Portland)

Name: Confluence Wealth Management LLC
Address: 1211 Sw Fifth Ave, Portland, OR, 97204
Telephone: 503-221-7595

Confluence Wealth Management LLC is a large advisory firm based in Portland. It manages $653.9 million of regulatory assets for 1,326 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Oregon, Texas, and Washington.

Confluence Wealth Management provides financial planning services, portfolio management for individuals and small businesses, 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.

Confluence Wealth Management: assets under management

The assets under management (AUM) of Confluence Wealth Management LLC is $653.9 million. The firm's AUM has grown by 101% since the beginning of its operation, and $1.78 million of the total AUM is attributable to clients outside of the United States.

The firm manages $650.03 million in discretionary accounts and $3.88 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $494.69 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $323.12 thousand.

Confluence Wealth Management has custody of $246.63 million in cash and securities for 221 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 80% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Confluence Wealth Management LLC for their services and products based on a percentage of assets under management 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 Confluence Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Confluence Wealth Management is high net worth individuals with 244 clients and $553.19 million of assets under management. Among the 6 most similar advisory firms, Confluence Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $653.9 million for 485 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Confluence Wealth Management doesn't advise any private funds.

Careers at Confluence Wealth Management LLC

The company employs 17 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Grant L Jones	Class a member	1 Jul 1997	Other	4355966
Gary W Reynolds	Class a member	1 Jul 1997	Other	4355969
Perkins & Company	Class a member	1 Jan 2010	Other	93-0928924
Grant Lloyd Jones	Class a member	1 Nov 2011	Other	4355966
Gary Wilson Reynolds	Class a member	1 Nov 2011	Other	4355969
Kathleen Jade Kee	Ceo, class a member	1 Nov 2011	25% - 50%	1133926
Perkins & Company	Class a member	1 Nov 2011	Other	93-0928924
David Morganstern	Cco, class a member	1 Nov 2011	Other	2727921
Marilyn Ruth Bergen	Class a member	1 Nov 2011	25% - 50%	1180491
Grant L Jones	Class a member	1 Nov 2011	Other	4355966
Gary W Reynolds	Class a member	1 Nov 2011	Other	4355969
Gregory John Houser	Class b member	1 Jan 2014	Other	4348794
Lantz Kent Stringham	Class b member	1 Jan 2014	Other	2527948
Gregory J. Houser	Class b member	1 Jan 2014	Other	4348794
Jason Howard Lawton	Cco	1 Mar 2016	Other	2944295
Waiyee Carmen Wong	Class a member	1 Jul 2017	Other	5833855
Bryan Donald Smith	Class a member	1 Jul 2017	Other	1382569
Scott Layne Hultsman	Cco	1 Mar 2018	Other	2812372
Craig Wong Irrevocable Trust Fbo Clarice J. Wong	Class b member	1 Jul 2018	Other	27-6445508

Based in Portland

The principal office where Confluence Wealth Management LLC performs its advisory services is located at 1211 Sw Fifth Ave, Portland, OR 97204, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 503-221-7595 or by fax 503-972-4197. The normal business hours are 8am -5pm on Monday - Friday. You can find more information about the New York firm at pia-invest.com and its LinkedIn profile.