Envoy Advisory, Inc. (Colorado Springs)

Name: Envoy Advisory, Inc.
Address: 4194 Royal Pine Drive, Colorado Springs, CO, 80920
Telephone: 719-268-2711

Envoy Advisory, Inc. is a large advisory firm based in Colorado Springs. It manages $280.06 million of regulatory assets for 1,737 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 43 other states.

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

Envoy Advisory: assets under management

The assets under management (AUM) of Envoy Advisory, Inc. is $280.06 million. The company doesn't manage any assets belonging to foreign clients.

Envoy Advisory has custody of $280.06 million in cash and securities for 1,737 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 89% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Envoy Advisory, 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 Envoy Advisory serves?

The firm provides services to individuals and charitable organizations. The largest group of clients of Envoy Advisory is charitable organizations with 210 clients and $235.59 million of assets under management. Among the 6 most similar advisory firms, Envoy Advisory has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $280.06 million for 1,737 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.

Envoy Advisory doesn't advise any private funds.

Careers at Envoy Advisory, Inc.

The company employs 10 people that are either part- or full-time employees. 30 percent of the employees work as investment advisers or researchers. 3 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
Inc. Tmx Enterprises	Holding company	1 Nov 2010	75% - 100%	27-4036733

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Bethany Bruinsma Palmer	President/cco	1 Nov 2010	50% - 75%	1987183
Bruce Henry Bruinsma	Chief executive officer/secretarytreasurer	1 Nov 2010	50% - 75%	1679271
Llc Astute Management	Member	1 Nov 2010	50% - 75%	27-4038047

Based in Colorado Springs

The principal office where Envoy Advisory, Inc. performs its advisory services is located at 4194 Royal Pine Drive, Colorado Springs, CO 80920, 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 719-268-2711 or by fax 719-268-2716. The normal business hours are 8-5pm mst on Monday - Friday. You can find more information about the New York firm at envoyfinancial.com/.