Moss Adams Wealth Advisors LLC (Seattle)

Name: Moss Adams Wealth Advisors LLC
Address: 999 Third Ave Ste 2800, Seattle, WA, 98104
Telephone: 206-302-6500

Moss Adams Wealth Advisors LLC is a large advisory firm based in Seattle. It manages $2.41 billion of regulatory assets for 3,850 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alaska, Arizona, California, and 11 other states.

Moss Adams Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Moss Adams Wealth Advisors: assets under management

The assets under management (AUM) of Moss Adams Wealth Advisors LLC is $2.41 billion. The firm's AUM has grown by 163% since the beginning of its operation, and $3.2 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.37 billion in discretionary accounts and $38.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $630.53 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $445.39 thousand.

Moss Adams Wealth Advisors has custody of $24.96 million in cash and securities for 11 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 49% of the total AUM. The second-largest asset type is state and local bonds, which make up 35% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Moss Adams Wealth Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Mark Dean Jaeger serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mark Dean Jaeger is high net worth individuals with 793 clients and $2.25 billion of assets under management. Among the 8 most similar advisory firms, Moss Adams Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.4 billion for 1,112 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.

Moss Adams Wealth Advisors doesn't advise any private funds.

Careers at Moss Adams Wealth Advisors LLC

The company employs 55 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. 18 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.

Mark Dean Jaeger has been acting as President since 1 Jul 1999. Erica Lane Coogan joined the executive team most recently as the Partner In Charge.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Dean Jaeger	Managing member/president	1 Jul 1999	Other	1308398
Moss Adams Financial Services Llc	Member	1 Aug 2000	75% - 100%	91-2057476
Jennifer Rose Furness	Chief compliance officer	1 Mar 2004	Other	2657358
Rebecca Howlett Pomering	Chief executive officer	1 Jul 2008	Other	5569130
Kenneth Daniel Evans	Chief operations officer	1 Jan 2012	Other	5615873
Erica Lane Coogan	Partner in charge	1 Sep 2016	Other	3130160

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
James Frederick Schlager	Partner	1 Jan 1997	Other	1944421
Larry Lars Knudsen	Partner	1 Jan 1997	Other	1232004
Moss Adams Llp	Sole owner	1 Aug 2000	75% - 100%	91-0189318
Robert Louis Bunting	Partner	1 Aug 2000	Other	3275221
Richard J Fohn	Partner	1 Aug 2000	Other	4372336
Richard Thornton	Partner	1 May 2003	Other	2683241
Christopher Schmidt	Partner	1 Mar 2005	Other	4989935
Erica Lane Coogan	Principal	1 Sep 2007	Other	3130160
Erica Lane Coogan	Principal	1 Jan 2016	Other	3130160

Based in Seattle

The principal office where Moss Adams Wealth Advisors LLC performs its advisory services is located at 999 Third Ave Ste 2800, Seattle, WA 98104, which is also the mailing address of the firm. An additional office of the firm is in Santa Rosa, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 206-302-6500 or by fax 206-332-8849. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at mossadamswealthadvisors.com and its LinkedIn profile.