Northline Wealth Management LLC (Bend)

Name: Northline Wealth Management LLC
Address: 15 Sw Colorado Avenue, Bend, OR, 97702 1229
Telephone: 888-407-5463

Northline Wealth Management LLC is a large advisory firm based in Bend. It manages $149.69 million of regulatory assets for 579 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, New Mexico, Oregon, Texas, and Washington.

Northline Wealth Management provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Northline Wealth Management: assets under management

The assets under management (AUM) of Northline Wealth Management LLC is $149.69 million. The firm's AUM has grown by 431% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $137.77 million in discretionary accounts and $11.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $283.48 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $128.14 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is investment and business development companies, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Northline Wealth Management LLC 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 Northline Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Northline Wealth Management is high net worth individuals with 35 clients and $101.68 million of assets under management. Among the 12 most similar advisory firms, Northline Wealth Management has the 6th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $138.63 million for 261 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.

Northline Wealth Management doesn't advise any private funds.

Careers at Northline Wealth Management LLC

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 4 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
John Bradford Kingery	Manager, chief compliance officer	1 Apr 2009	75% - 100%	1504867
Jeffrey Edward Stuermer	Managing member	1 Sep 2009	50% - 75%	2518255
Katherine Ann Hoffmeister	Chief compliance officer	1 Jan 2012	Other	2560270
Justin Wayne Rae	Managing member	1 Jan 2016	25% - 50%	4988051

Based in Bend

The principal office where Northline Wealth Management LLC performs its advisory services is located at 15 Sw Colorado Avenue, Bend, OR 97702 1229, 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 888-407-5463 or by fax 888-407-5435. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at northlinewealth.com.