Skyline Advisors, Inc. (Bellingham)

Name: Skyline Advisors, Inc.
Address: 405 32 Nd Street, Suite 201, Bellingham, WA, 98225
Telephone: 360-671-1621

Skyline Advisors, Inc. is a large advisory firm based in Bellingham. It manages $160.48 million of regulatory assets for 913 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, Oregon, and Washington.

Skyline Advisors provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Skyline Advisors: assets under management

The assets under management (AUM) of Skyline Advisors, Inc. is $160.48 million. The firm's AUM has grown by 27% since the beginning of its operation, and $752.56 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $159.66 million in discretionary accounts and $821.69 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $175.65 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $205.42 thousand.

Skyline Advisors has custody of $90.52 million in cash and securities for 358 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 44% of the total AUM. The second-largest asset type is investment and business development companies, which make up 43% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Skyline Advisors, Inc. 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 Skyline Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Skyline Advisors is high net worth individuals with 119 clients and $123.68 million of assets under management. Among the 9 most similar advisory firms, Skyline Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $156.76 million for 352 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Skyline Advisors doesn't advise any private funds.

Careers at Skyline Advisors, Inc.

The company employs 6 people that are either part- or full-time employees. 83 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.

Skyline Advisors, Inc. is owned by Gerald Spencer Wallace. Deka Bree Wiebusch joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Clifford Logan	Owner / chief compliance officer	1 Mar 2015	25% - 50%	2501428
Gerald Spencer Wallace	Owner	1 Mar 2015	25% - 50%	2317074
Mark L Wallace	Owner	1 Mar 2015	25% - 50%	3133164
William Unrein	Owner	1 Mar 2015	25% - 50%	2760504
Mark Leigh Wallace	Owner	1 Mar 2015	25% - 50%	3133164
William (Nmn) Unrein	Owner	1 Mar 2015	25% - 50%	2760504
Deka Bree Wiebusch	Owner	1 Mar 2019	25% - 50%	4952491

Based in Bellingham

The principal office where Skyline Advisors, Inc. performs its advisory services is located at 405 32 Nd Street, Suite 201, Bellingham, WA 98225, 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 360-671-1621 or by fax 360-306-3981. The normal business hours are 8am - 4pm on Monday - Friday. You can find more information about the New York firm at myskylineadvisor.com.