Leonard Rickey Investment Advisors, P.L.L.C. (Yakima)

Name: Leonard Rickey Investment Advisors, P.L.L.C.
Address: 3908 Creekside Loop, Yakima, WA, 98902
Telephone: 509-972-3686

Leonard Rickey Investment Advisors, P.L.L.C. is a large advisory firm based in Yakima. It manages $444.71 million of regulatory assets for 2,160 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Idaho, and 4 other states.

Leonard Rickey Investment Advisors, P.L.L.C provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Leonard Rickey Investment Advisors, P.L.L.C: assets under management

The assets under management (AUM) of Leonard Rickey Investment Advisors, P.L.L.C. is $444.71 million. The firm's AUM has grown by 110% since the beginning of its operation, and $196 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $428.91 million in discretionary accounts and $15.8 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $213.92 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $101.92 thousand.

Leonard Rickey Investment Advisors, P.L.L.C has custody of $224 million in cash and securities for 468 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 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Leonard Rickey Investment Advisors, P.L.L.C. for their services and products based on a percentage of assets under management, hourly charges, 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 Leonard Rickey Investment Advisors, P.L.L.C serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Leonard Rickey Investment Advisors, P.L.L.C is high net worth individuals with 188 clients and $264.05 million of assets under management. Among the 9 most similar advisory firms, Leonard Rickey Investment Advisors, P.L.L.C has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $427.24 million for 830 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.

Leonard Rickey Investment Advisors, P.L.L.C doesn't advise any private funds.

Careers at Leonard Rickey Investment Advisors, P.L.L.C.

The company employs 12 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. No 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
Leonard Glen Rickey	Managing member	1 Dec 2001	50% - 75%	832906
Benjamin John Rickey	Member / chief compliance officer	1 Dec 2001	25% - 50%	2889615
Joy Suzanne Stenehjem	Member	1 Dec 2001	25% - 50%	4293392

Based in Yakima

The principal office where Leonard Rickey Investment Advisors, P.L.L.C. performs its advisory services is located at 3908 Creekside Loop, Yakima, WA 98902, which is also the mailing address of the firm. An additional office of the firm is in Seattle, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 509-972-3686 or by fax 509-972-4188. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at erickey.com and its LinkedIn profile.