Bean Financial Advisors, Inc. (Redmond)

Name: Bean Financial Advisors, Inc.
Address: 16880 Ne 79 Th Street, Redmond, WA, 98052
Telephone: 425-498-2320

Bean Financial Advisors, Inc. is a large advisory firm based in Redmond. It manages $193 million of regulatory assets for 358 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Washington.

Bean Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and tax return preparation and filing. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bean Financial Advisors: assets under management

The assets under management (AUM) of Bean Financial Advisors, Inc. is $193 million. The firm's AUM has grown by 383% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $189 million in discretionary accounts and $4 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $583.33 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $117.65 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bean Financial Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Bean Financial Advisors, Inc.

Douglas Reed Bean joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stephen C Bean	President	1 Jun 1999	75% - 100%	91-1992513
Stephen Craig Bean	Chief compliance officer, president	1 Jun 1999	75% - 100%	2138406
Douglas Reed Bean	Vice president	1 Jan 2006	Other	4541916
Douglas Reed Bean	Vice president, chief compliance officer	1 Jun 2006	Other	4541916
S. Christopher Bean	Secretary	1 Jun 2008	25% - 50%	4206985
Douglas Reed Bean	Chief compliance officer	1 Mar 2014	50% - 75%	4541916
S. Christopher Bean	Chief executive officer	1 Mar 2014	50% - 75%	4206985

Based in Redmond

The principal office where Bean Financial Advisors, Inc. performs its advisory services is located at 16880 Ne 79 Th Street, Redmond, WA 98052, 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 425-498-2320 or by fax 425-498-2321. The normal business hours are 8:00 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at www.beanfinancial.com.