Rain Capital Management, LLC (Portland)


Rain Capital Management, LLC is a large advisory firm based in Portland. It manages $308.4 million of regulatory assets for 601 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Oregon, Texas, and Washington.

Rain Capital Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and charitable foundations. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Rain Capital Management: assets under management

The assets under management (AUM) of Rain Capital Management, LLC is $308.4 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 20% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $308.4 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $513.15 thousand each.
Rain Capital Management has custody of $141.85 million in cash and securities for 76 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 60% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 14% of the firm’s portfolio. Investments in government bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rain Capital Management, LLC for their services and products based on a percentage of assets under management 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.

What kind of clients Rain Capital Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Rain Capital Management is high net worth individuals with 133 clients and $288.61 million of assets under management. Among the 9 most similar advisory firms, Rain Capital Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $293.71 million for 179 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.

Rain Capital Management doesn't advise any private funds.

Careers at Rain Capital Management, LLC

The company employs 5 people that are either part- or full-time employees. 80 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
David John Reichle Managing director and chief compliance officer 1 Sep 2011 25% - 50% 1609133
Chingyee Ellen Kim Managing director and chief operations officer 1 Oct 2011 Other 4221752
Chris Enrico Abbruzzese Managing director and chief investment officer 1 Nov 2011 25% - 50% 2959986

Based in Portland

The principal office where Rain Capital Management, LLC performs its advisory services is located at 121 Sw Morrison St., Portland, OR 97204, which is also the mailing address of the firm. An additional office of the firm is in Vancouver, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 503-822-1700 or by fax 503-227-2398. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at raincapital.com.