Horst & Graben Wealth Management, LLC (Lake Oswego)

Horst & Graben Wealth Management, LLC is a large advisory firm based in Lake Oswego. It manages $313.48 million of regulatory assets for 1,766 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 5 other states.

Horst & Graben Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and educational classes. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Horst & Graben Wealth Management: assets under management

The assets under management (AUM) of Horst & Graben Wealth Management, LLC is $313.48 million. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $289 million in discretionary accounts and $24.48 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $166.18 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $906.71 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 51% of the total AUM. The second-largest asset type is exchange traded securities, which make up 44% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Horst & Graben Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Horst & Graben Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Horst & Graben Wealth Management is individuals with 695 clients and $170.4 million of assets under management. Among the 8 most similar advisory firms, Horst & Graben Wealth Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $313.48 million for 777 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.

Horst & Graben Wealth Management doesn't advise any private funds.

Careers at Horst & Graben Wealth Management, 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
Dated 6/25/1998 The Casey And Molly Cleveland Revocable Living Trust	Owner	1 Jun 1998	Other	99-9999999
Jamieson Logan Grabenhorst	Managing partner	1 May 2018	75% - 100%	4362410
Casey Edward Cleveland	Chief compliance officer / coo	1 May 2018	Other	3065319

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Casey Edward Cleveland	Owner/trustee	1 Jun 1998	50% - 75%	3065319
Margaret Cleveland	Owner/trustee	1 Jun 1998	50% - 75%	6987118

Based in Lake Oswego

The principal office where Horst & Graben Wealth Management, LLC performs its advisory services is located at 3 Centerpoint Drive, Lake Oswego, OR 97035, 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 503-342-8900. The normal business hours are 8 am - 5 pm on Monday - Friday.