Green Wealth Management, LLC (Salem)

Name: Green Wealth Management, LLC
Address: 2150 Commercial Street Se, Salem, OR, 97302
Telephone: 503.391.1040

Green Wealth Management, LLC is a large advisory firm based in Salem. It manages $103.82 million of regulatory assets for 379 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Hawaii, Oregon, Utah, and Washington.

Green Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, educational seminars and workshops, and consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Green Wealth Management: assets under management

The assets under management (AUM) of Green Wealth Management, LLC is $103.82 million. The firm's AUM has grown by 131% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $99.24 million in discretionary accounts and $4.58 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $269.67 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $416.65 thousand.

Green Wealth Management has custody of $7.43 million in cash and securities for 21 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 66% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 15% of the firm’s portfolio. Investments in state and local bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Green Wealth Management, LLC 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 Green Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Green Wealth Management is high net worth individuals with 40 clients and $56.06 million of assets under management. Among the 8 most similar advisory firms, Green Wealth Management has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $81.71 million for 131 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.

Green Wealth Management doesn't advise any private funds.

Careers at Green Wealth Management, LLC

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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 receive compensation from other entities for client referrals.

Green Wealth Management, LLC is owned by Steven Kirt Jamison. Kenneth Ryan Newton joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Phillip Freeman Green	Managing member	1 Jan 2006	75% - 100%	4675624
Jeffrey Ryan Griswold	Member, chief compliance officer	1 Jan 2006	Other	4654185
Lewis Stephen Younger	Chief compliance officer	1 Dec 2008	Other	5627152
Steven Kirt Jamison	Owner	1 Dec 2016	50% - 75%	5704384
Kenneth Ryan Newton	Owner	1 Dec 2016	50% - 75%	6753231

Based in Salem

The principal office where Green Wealth Management, LLC performs its advisory services is located at 2150 Commercial Street Se, Salem, OR 97302, 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 503.391.1040 or by fax 503.391.7149. 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 greenwealthllc.com.