Demars Financial Group LLC is a large advisory firm based in Spokane. It manages $128.88 million of regulatory assets for 649 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alaska, Arizona, Idaho, and 4 other states.
Demars Financial Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Demars Financial Group LLC is $128.88 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 2% since the beginning of its operation, and $687.81 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Demars Financial Group LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Demars Financial Group is high net worth individuals with 58 clients and $69.89 million of assets under management. Among the 12 most similar advisory firms, Demars Financial Group has the 5th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $128.88 million for 353 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.
Demars Financial Group doesn't advise any private funds.
The company employs 6 people that are either part- or full-time employees. 17 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.
The principal office where Demars Financial Group LLC performs its advisory services is located at 104 S Freya Suite 218, Spokane, WA 99202, which is also the mailing address of the firm. An additional office of the firm is in Kenai, AK. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 509-536-9556 or by fax 509-232-6604. The normal business hours are 8:00am - 5pm on Monday - Friday. You can find more information about the New York firm at demarsfinancial.com.