Storehouse Partners, LLC (Bellevue)


Storehouse Partners, LLC is a large advisory firm based in Bellevue. It manages $159.57 million of regulatory assets for 248 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Texas, and Washington.

Storehouse Partners 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 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Storehouse Partners: assets under management

The assets under management (AUM) of Storehouse Partners, LLC is $159.57 million. The firm's AUM has grown by 8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $91.87 million in discretionary accounts and $67.7 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $448.13 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.57 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Storehouse Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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.

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Richard Louis Budke Owner 1 Jan 2010 25% - 50% 4468718
Matthew Michael Myers Owner 1 Jan 2010 25% - 50% 2506930
Steven Richard Herman Owner 1 Jan 2010 25% - 50% 4810571

Based in Bellevue

The principal office where Storehouse Partners, LLC performs its advisory services is located at 10811 Main Street, Bellevue, WA 98004 6323, 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 425-401-1211 or by fax 425-401-1231. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at www.storehousepartners.com.