Paul R. Ried Financial Group, LLC (Bellevue)

Name: Paul R. Ried Financial Group, LLC
Address: 10801 Main Street, Bellevue, WA, 98004 6366
Telephone: 425-646-6777

Paul R. Ried Financial Group, LLC is a large advisory firm based in Bellevue. It manages $609.68 million of regulatory assets for 1,746 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Colorado, and 12 other states.

Paul R. Ried Financial Group provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Paul R. Ried Financial Group: assets under management

The assets under management (AUM) of Paul R. Ried Financial Group, LLC is $609.68 million. The firm's AUM has grown by 0% since the beginning of its operation, and $66.47 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $600.63 million in discretionary accounts and $9.05 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $347.58 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $502.92 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 97% of the total AUM. The second-largest asset type is exchange traded securities, which make up 2% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Paul R. Ried Financial Group, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Paul Richard Ried serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Paul Richard Ried is high net worth individuals with 309 clients and $392.04 million of assets under management. Among the 9 most similar advisory firms, Paul R. Ried Financial Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $606.33 million for 913 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.

Paul R. Ried Financial Group doesn't advise any private funds.

Careers at Paul R. Ried Financial Group, LLC

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 7 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.

Paul Richard Ried has been acting as President since 1 Jul 1986. Adam Jordan joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul Richard Ried	President/ceo	1 Jul 1986	75% - 100%	1522408
Adam Jordan	Cco	1 May 2018	Other	4541062

Based in Bellevue

The principal office where Paul R. Ried Financial Group, LLC performs its advisory services is located at 10801 Main Street, Bellevue, WA 98004 6366, 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 425-646-6777 or by fax 425-451-2453. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at paulried.com/.