Martel Wealth Advisors Inc (Vancouver)

Name: Martel Wealth Advisors Inc
Address: 2001 Se Columbia River Drive, Vancouver, WA, 98661
Telephone: 360-694-9940

Martel Wealth Advisors Inc is a large advisory firm based in Vancouver. It manages $565.33 million of regulatory assets for 2,519 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Idaho, and 4 other states.

Martel Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Martel Wealth Advisors: assets under management

The assets under management (AUM) of Martel Wealth Advisors Inc is $565.33 million. The firm's AUM has gone down by -7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $490.32 million in discretionary accounts and $75 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $195.82 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5 million.

Martel Wealth Advisors has custody of $286.38 million in cash and securities for 500 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 80% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Martel Wealth Advisors Inc for their services and products based on a percentage of assets under management. 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 Mark Stephen Martel serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Mark Stephen Martel is high net worth individuals with 189 clients and $295.31 million of assets under management. Among the 9 most similar advisory firms, Martel Wealth Advisors has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $560.85 million for 899 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.

Martel Wealth Advisors doesn't advise any private funds.

Careers at Martel Wealth Advisors Inc

The company employs 10 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 5 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.

Mark Stephen Martel has been acting as President since 1 Nov 1982. Julie Dianne Scott joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Stephen Martel	President/ceo	1 Nov 1982	75% - 100%	1069926
Julie Dianne Scott	Chief compliance officer	1 Jun 2018	Other	4166927

Based in Vancouver

The principal office where Martel Wealth Advisors Inc performs its advisory services is located at 2001 Se Columbia River Drive, Vancouver, WA 98661, 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 360-694-9940 or by fax 360-694-9999. The normal business hours are 8-5 m-th, 8-3 f on Monday - Friday. You can find more information about the New York firm at martelwealthadvisors.com.