Encompass Wealth Advisors, LLC (Portland)

Name: Encompass Wealth Advisors, LLC
Address: 15350 Sw Sequoia Parkway, Portland, OR, 97224
Telephone: (971) 371-3451

Encompass Wealth Advisors, LLC is a large advisory firm based in Portland. It manages $273.95 million of regulatory assets for 765 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Nevada, and 5 other states.

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

Encompass Wealth Advisors: assets under management

The assets under management (AUM) of Encompass Wealth Advisors, LLC is $273.95 million. The firm's AUM has grown by 52% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $252.55 million in discretionary accounts and $21.39 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $446.21 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $107.51 thousand.

Encompass Wealth Advisors has custody of $42.9 million in cash and securities for 43 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 36% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in non-exchange traded securities form 20% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Encompass Wealth Advisors is high net worth individuals with 96 clients and $206.82 million of assets under management. Among the 11 most similar advisory firms, Encompass Wealth Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $270.45 million for 309 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.

Encompass Wealth Advisors doesn't advise any private funds.

Careers at Encompass Wealth Advisors, LLC

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Derrick J Clouser	Managing member	1 Jul 2014	25% - 50%	2794557
Matthew Gibson Presjak	Managing member/chief compliance officer	1 Jul 2014	25% - 50%	1767195
Mary Elizabeth Minshall	Managing member	1 Jul 2014	Other	4073837
Colin Harrington Williams	Managing member	1 Jul 2014	25% - 50%	4857859
Walter Marshall Urban	Managing member	1 Jul 2014	Other	1012389
Stacy Leigh Sizemore	Chief compliance officer	1 May 2019	Other	4052029

Based in Portland

The principal office where Encompass Wealth Advisors, LLC performs its advisory services is located at 15350 Sw Sequoia Parkway, Portland, OR 97224, 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 (971) 371-3451 or by fax (971) 371-3451. The normal business hours are 7:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at encompasswa.com.