Viridian Ria, LLC (Bothell)


Viridian Ria, LLC is a large advisory firm based in Bothell. It manages $546.15 million of regulatory assets for 2,213 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Colorado, and 7 other states.

Viridian Ria provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Viridian Ria: assets under management

The assets under management (AUM) of Viridian Ria, LLC is $546.15 million. The firm's AUM has grown by 441% since the beginning of its operation, and $9.2 million of the total AUM is attributable to clients outside of the United States.

The firm manages $490.83 million in discretionary accounts and $55.32 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $252.36 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $206.43 thousand.
Viridian Ria has custody of $151.79 million in cash and securities for 559 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 45% of the total AUM. The second-largest asset type is exchange traded securities, which make up 45% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Viridian Ria, 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 Viridian Ria 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 Viridian Ria is high net worth individuals with 137 clients and $333.44 million of assets under management. Among the 10 most similar advisory firms, Viridian Ria has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $546.15 million for 789 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.

Viridian Ria doesn't advise any private funds.

Careers at Viridian Ria, LLC

The company employs 27 people that are either part- or full-time employees. 37 percent of the employees work as investment advisers or researchers. 12 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
Corp. Viridian Investment Management Managing member 1 Sep 2014 75% - 100% 26-3832089
Mark Dean Jaeger Chief compliance officer 1 Mar 2017 Other 1308398

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
Marcus D Dusenbury Owner 1 Sep 2014 50% - 75% 3081199
Adriel Tam Owner 1 Sep 2014 50% - 75% 5301024
Inc. Appropriate Balance Holdings Owner 1 Feb 2017 75% - 100% 26-3832089
Adriel Tam Owner 1 Mar 2017 25% - 50% 5301024
Marcus Delvin Dusenbury Owner 1 Mar 2017 25% - 50% 3081199
Bruce Martin Yates Owner 1 Sep 2017 25% - 50% 874023
Robert Maynard Pennell Owner 1 Sep 2017 25% - 50% 872802

Based in Bothell

The principal office where Viridian Ria, LLC performs its advisory services is located at 22232 17 Th Ave Se, Bothell, WA 98021, 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 206-388-2210 or by fax 206-577-3905. 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 viridianinvestments.com/.