Vickerman & Driscoll Financial Advisors,Inc. (Spokane)

Name: Vickerman & Driscoll Financial Advisors,Inc.
Address: 108 N. Washington, Suite 300, Spokane, WA, 99201
Telephone: 509-325-7610

Vickerman & Driscoll Financial Advisors,Inc. is a large advisory firm based in Spokane. It manages $241.89 million of regulatory assets for 787 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Idaho, Oregon, and Washington.

Vickerman & Driscoll Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, and tax preparation. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Vickerman & Driscoll Financial Advisors: assets under management

The assets under management (AUM) of Vickerman & Driscoll Financial Advisors,Inc. is $241.89 million. The firm's AUM has grown by 596% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $241.75 million in discretionary accounts and $139.79 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $307.97 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $69.9 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Vickerman & Driscoll Financial Advisors,Inc. 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 Michael James Vickerman serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Michael James Vickerman is high net worth individuals with 82 clients and $173.79 million of assets under management. Among the 9 most similar advisory firms, Vickerman & Driscoll Financial Advisors has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $241.89 million for 315 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.

Vickerman & Driscoll Financial Advisors doesn't advise any private funds.

Careers at Vickerman & Driscoll Financial Advisors,Inc.

The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 5 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Michael James Vickerman has been acting as President since 1 Jul 1997. Kevin Andrew Driscoll joined the executive team most recently as the Vice President Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael James Vickerman	President	1 Jul 1997	50% - 75%	2510165
Kevin Andrew Driscoll	Vice president - chief compliance officer	1 Jul 1997	50% - 75%	2696497

Based in Spokane

The principal office where Vickerman & Driscoll Financial Advisors,Inc. performs its advisory services is located at 108 N. Washington, Suite 300, Spokane, WA 99201, 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 509-325-7610 or by fax 509-325-7612. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at vickermandriscoll.com.