Vergepointe Wealth Management, LLC (Lake Oswego)

Name: Vergepointe Wealth Management, LLC
Address: 5285 Meadows Road, Lake Oswego, OR, 97035
Telephone: 503-684-0100

Vergepointe Wealth Management, LLC is a large advisory firm based in Lake Oswego. It manages $175.42 million of regulatory assets for 160 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Oregon, and Washington.

Vergepointe Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Vergepointe Wealth Management: assets under management

The assets under management (AUM) of Vergepointe Wealth Management, LLC is $175.42 million. The firm's AUM has grown by 122% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $171.13 million in discretionary accounts and $4.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.08 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.29 million.

Investments

The firm invests in exchange traded securities the most. They account for 30% of the total AUM. The second-largest asset type is state and local bonds, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Vergepointe Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Vergepointe Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Vergepointe Wealth Management is high net worth individuals with 45 clients and $104.39 million of assets under management. Among the 8 most similar advisory firms, Vergepointe Wealth Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $170.84 million for 74 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Vergepointe Wealth Management doesn't advise any private funds.

Careers at Vergepointe Wealth Management, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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
Craig Jon Olson	Managing member	1 Aug 2009	25% - 50%	4086835
Brad Michael Parrott	Managing member	1 Aug 2009	25% - 50%	5710642
Matthew D Vance	Chief compliance officer/member	1 Aug 2009	Other	5040101
Scott J Roberts	Member	1 Aug 2009	25% - 50%	4506090
Brad M Parrott	Member	1 Aug 2009	25% - 50%	5710642
Matthew David Vance	Chief compliance officer/managing member	1 Sep 2009	25% - 50%	5040101
Scott Jay Roberts	Managing member	1 Sep 2009	25% - 50%	4506090

Based in Lake Oswego

The principal office where Vergepointe Wealth Management, LLC performs its advisory services is located at 5285 Meadows Road, 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 503-684-0100 or by fax 503-684-0102. 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 vergepointe.com/.