Mars Jewett Financial Group, Inc. (Bellevue)

Name: Mars Jewett Financial Group, Inc.
Address: 11235 Se 6 Th Street, Bellevue, WA, 98004
Telephone: 425-289-5000

Mars Jewett Financial Group, Inc. is a large advisory firm based in Bellevue. It manages $336.72 million of regulatory assets for 1,064 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alaska, Arizona, California, and 3 other states.

Mars Jewett Financial Group provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mars Jewett Financial Group: assets under management

The assets under management (AUM) of Mars Jewett Financial Group, Inc. is $336.72 million. The firm's AUM has grown by 4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $336.39 million in discretionary accounts and $331.25 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $317.05 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $110.42 thousand.

Mars Jewett Financial Group has custody of $2.95 million in cash and securities for 10 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 92% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 4% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mars Jewett Financial Group, Inc. for their services and products based on a percentage of assets under management 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 Mars Jewett Financial Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mars Jewett Financial Group is high net worth individuals with 127 clients and $212.32 million of assets under management. Among the 12 most similar advisory firms, Mars Jewett Financial Group has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $336.72 million for 438 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.

Mars Jewett Financial Group doesn't advise any private funds.

Careers at Mars Jewett Financial Group, Inc.

The company employs 11 people that are either part- or full-time employees. 45 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Glenn Robert Mars	Shareholder and president	1 Apr 2002	50% - 75%	728441
Scott Robert Jewett	Shareholder, vice president, and chief compliance officer	1 Apr 2002	25% - 50%	2587905
Brian Glenn Mars	Shareholder	1 Apr 2002	Other	4694440

Based in Bellevue

The principal office where Mars Jewett Financial Group, Inc. performs its advisory services is located at 11235 Se 6 Th Street, Bellevue, WA 98004, 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 425-289-5000 or by fax 425-289-5005. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at marsjewett.com.