Creekside Partners Financial Advisers LLC (Petaluma)

Name: Creekside Partners Financial Advisers LLC
Address: 775 Baywood Drive, Petaluma, CA, 94954
Telephone: 707-769-7820

Creekside Partners Financial Advisers LLC is a large advisory firm based in Petaluma. It manages $381.42 million of regulatory assets for 833 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California and Texas.

Creekside Partners Financial Advisers provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Creekside Partners Financial Advisers: assets under management

The assets under management (AUM) of Creekside Partners Financial Advisers LLC is $381.42 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 164% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $381.42 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $457.89 thousand each.

Creekside Partners Financial Advisers has custody of $41.02 million in cash and securities for 54 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 63% of the total AUM. The second-largest asset type is state and local bonds, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Creekside Partners Financial Advisers 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 Creekside Partners Financial Advisers 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 Creekside Partners Financial Advisers is high net worth individuals with 104 clients and $265.51 million of assets under management. Among the 10 most similar advisory firms, Creekside Partners Financial Advisers has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $381.42 million for 271 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.

Creekside Partners Financial Advisers doesn't advise any private funds.

Careers at Creekside Partners Financial Advisers LLC

The company employs 3 people that are either part- or full-time employees. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Allen Ashburn	Principal/chief compliance officer	1 Mar 2003	50% - 75%	1590050
Andrew Shayne Hempeck	Principal	1 Aug 2007	25% - 50%	2237301
Michael John Gorman	Principal	1 Dec 2014	Other	3214651
Teresa A Coleman	Principal	1 Dec 2014	Other	4654757

Based in Petaluma

The principal office where Creekside Partners Financial Advisers LLC performs its advisory services is located at 775 Baywood Drive, Petaluma, CA 94954, which is also the mailing address of the firm. An additional office of the firm is in Oakland, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 707-769-7820 or by fax 707-769-7827. The normal business hours are 9:00a.m.-5:00p.m. on Monday - Friday. You can find more information about the New York firm at creeksidepartners.com.