Private Advisory Group LLC is a large advisory firm based in Redmond. It manages $280.09 million of regulatory assets for 865 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Oregon, Texas, Utah, and Washington.
Private Advisory Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and tax return preparation and filing; estate planning. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Private Advisory Group LLC is $280.09 million. The firm's AUM has gone down by -59% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Private Advisory Group LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Private Advisory Group is high net worth individuals with 94 clients and $217.99 million of assets under management. Among the 6 most similar advisory firms, Private Advisory Group has the 3rd lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $277.87 million for 278 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.
Private Advisory Group doesn't advise any private funds.
The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 3 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.
Douglas Reed Bean has served as the Chief Investment Officer since 1 Jul 2015 and S. Christopher Bean is the Chief Executive Officer of Private Advisory Group LLC family office. Ronald Greenspan joined the executive team most recently as the Court Appointed Receiver.
The principal office where Private Advisory Group LLC performs its advisory services is located at 16880 Ne 79 Th Street, Redmond, WA 98052, 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 425-498-2320. 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 theprivateadvisorygroup.com and its LinkedIn profile.