Columbia Advisory Partners, LLC (Spokane)


Columbia Advisory Partners, LLC is a large advisory firm based in Spokane. It manages $101 million of regulatory assets for 700 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Arizona, California, Idaho, and 3 other states.

Columbia Advisory Partners provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Columbia Advisory Partners: assets under management

The assets under management (AUM) of Columbia Advisory Partners, LLC is $101 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $101 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $144.29 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 10% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Columbia Advisory Partners, 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 Steven Thomas Larsen serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Steven Thomas Larsen is individuals with 305 clients and $66.5 million of assets under management. Among the 9 most similar advisory firms, Columbia Advisory Partners has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $101 million for 347 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.

Columbia Advisory Partners doesn't advise any private funds.

Careers at Columbia Advisory Partners, LLC

The company employs 10 people that are either part- or full-time employees. 90 percent of the employees work as investment advisers or researchers. 9 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 receive compensation from other entities for client referrals.

Steven Thomas Larsen has been acting as President since 1 Jun 2004. Jeremy Daniel Russell joined the executive team most recently as the Vice President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Steven Thomas Larsen President 1 Jun 2004 75% - 100% 4638715
Jeremy Daniel Russell Vice president 1 Jul 2019 Other 6482069
Kimberly Patricia Smith Chief compliance officer 1 Jul 2019 Other 7142249

Based in Spokane

The principal office where Columbia Advisory Partners, LLC performs its advisory services is located at 3918 N Post St, Spokane, WA 99205, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 509-822-3850 or by fax 509-822-3850. The normal business hours are 8:00 - 4:30 on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/capnorthwest.