Boone Wealth Advisors, LLC (Bellevue)

Name: Boone Wealth Advisors, LLC
Address: 777 108 Th Avenue Ne, Bellevue, WA, 98004
Telephone: 425-462-6406

Boone Wealth Advisors, LLC is a large advisory firm based in Bellevue. It manages $165.58 million of regulatory assets for 464 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Louisiana, Texas, and Washington.

Boone 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 less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Boone Wealth Advisors: assets under management

The assets under management (AUM) of Boone Wealth Advisors, LLC is $165.58 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 17% since the beginning of its operation, and $95 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $165.58 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $356.86 thousand each.

Boone Wealth Advisors has custody of $23.35 million in cash and securities for 63 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 91% of the total AUM. The second-largest asset type is exchange traded securities, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Boone Wealth Advisors, LLC 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.

What kind of clients Boone Wealth Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Boone Wealth Advisors is high net worth individuals with 89 clients and $132.06 million of assets under management. Among the 10 most similar advisory firms, Boone Wealth Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $165.58 million for 207 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Boone Wealth Advisors doesn't advise any private funds.

Careers at Boone Wealth Advisors, LLC

The company employs 7 people that are either part- or full-time employees. 57 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Willard Boone	Founder	1 May 1999	75% - 100%	1391875
Shawn Milton Nelson	Chief compliance officer & managing member	1 Sep 2014	Other	2773883

Based in Bellevue

The principal office where Boone Wealth Advisors, LLC performs its advisory services is located at 777 108 Th Avenue Ne, 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 425-462-6406 or by fax 425-462-8744. The normal business hours are 8am - 4:30pm on Monday - Friday. You can find more information about the New York firm at mwboone.com.