Madrona Financial Services, LLC (Everett)

Name: Madrona Financial Services, LLC
Address: 2911 Bond Street, Suite 200, Everett, WA, 98201
Telephone: 425-212-3777

Madrona Financial Services, LLC is a large advisory firm based in Everett. It manages $174.19 million of regulatory assets for 1,049 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Nebraska, North Carolina, and 3 other states.

Madrona Financial Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Madrona Financial Services: assets under management

The assets under management (AUM) of Madrona Financial Services, LLC is $174.19 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $174.19 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $166.06 thousand each.

Madrona Financial Services has custody of $55.46 million in cash and securities for 246 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 74% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 14% of the firm’s portfolio. Investments in exchange traded securities form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Madrona Financial Services, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Madrona Financial Services serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Madrona Financial Services is individuals with 410 clients and $108.6 million of assets under management. Among the 7 most similar advisory firms, Madrona Financial Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $174.19 million for 447 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.

Madrona Financial Services doesn't advise any private funds.

Careers at Madrona Financial Services, LLC

The company employs 14 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Brian Kelly Evans	Owner, chief compliance officer	1 Jan 1995	50% - 75%	4004458
Tracie Lee Evans	Member	1 Jan 1995	25% - 50%	4884437

Based in Everett

The principal office where Madrona Financial Services, LLC performs its advisory services is located at 2911 Bond Street, Suite 200, Everett, WA 98201, which is also the mailing address of the firm. An additional office of the firm is in Tacoma, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 425-212-3777 or by fax 425-252-4779. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at brianevansceo.com.