Auxano Advisors, LLC (Bellevue)


Auxano Advisors, LLC is a large advisory firm based in Bellevue. It manages $569.71 million of regulatory assets for 1,161 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arizona, California, Florida, and 3 other states.

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

Auxano Advisors: assets under management

The assets under management (AUM) of Auxano Advisors, LLC is $569.71 million. The firm's AUM has grown by 533% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $448.37 million in discretionary accounts and $121.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $409.47 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.84 million.
Auxano Advisors has custody of $75.3 thousand in cash and securities for 1 client 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 53% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Auxano Advisors, LLC for their services and products based on a percentage of assets under management and performance-based 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 Auxano Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Auxano Advisors is high net worth individuals with 96 clients and $421.97 million of assets under management. Among the 9 most similar advisory firms, Auxano Advisors has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $544.5 million for 367 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.

Auxano Advisors doesn't advise any private funds.

Careers at Auxano Advisors, LLC

The company employs 11 people that are either part- or full-time employees. 55 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Brian David Pearson has served as the Chief Investment Officer since 1 Mar 2008. Hoon Kang joined the executive team most recently as the Managing Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Peter Wesson Cline Managing member, chief compliance officer, owner 1 Jul 2007 75% - 100% 1690570
Brian David Pearson Chief investment officer 1 Mar 2008 Other 5124823
Alexander Kanghee Lee Client manager 1 Jul 2015 Other 2220618
Dwight S. Whiting Client manager 1 Jul 2015 Other 4904938
Hoon Kang Managing director 1 Apr 2016 Other 3118383

Based in Bellevue

The principal office where Auxano Advisors, LLC performs its advisory services is located at 10900 Ne 4 Th Street, Bellevue, WA 98004, 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 425-889-1261 or by fax 425-828-6363. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at auxanoadvisors.com.