Mengis Capital Management, Inc. (Portland)

Name: Mengis Capital Management, Inc.
Address: One Sw Columbia, Portland, OR, 97258
Telephone: 503-916-0776

Mengis Capital Management, Inc. is a large advisory firm based in Portland. It manages $261.87 million of regulatory assets for 480 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Oregon, and Washington.

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

Mengis Capital Management: assets under management

The assets under management (AUM) of Mengis Capital Management, Inc. is $261.87 million. The firm's AUM has grown by 410% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $249.83 million in discretionary accounts and $12.03 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $567.81 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $300.76 thousand.

Mengis Capital Management has custody of $39.13 million in cash and securities for 54 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in non-exchange traded securities form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mengis Capital Management, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Joseph Jeffrey Mengis serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Joseph Jeffrey Mengis is high net worth individuals with 86 clients and $197.6 million of assets under management. Among the 7 most similar advisory firms, Mengis Capital Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $261.87 million for 217 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.

Mengis Capital Management doesn't advise any private funds.

Careers at Mengis Capital Management, Inc.

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 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.

Joseph Jeffrey Mengis has been acting as President since 1 Sep 2001. Michael David Patterson joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Jeffrey Mengis	President/director	1 Sep 2001	75% - 100%	1634264
Christy Suzanne Reckard	Chief operations officer	1 Sep 2001	Other	2667402
Robert Douglas Greenman	Chief compliance officer	1 Mar 2006	Other	4969019
Stacy L Sizemore	Chief compliance officer	1 May 2007	Other	4052029
Cynthia Marie Aschbacher	Chief compliance officer	1 Sep 2007	Other	1676713
Michael David Patterson	Shareholder	1 Jan 2015	Other	5433545

Based in Portland

The principal office where Mengis Capital Management, Inc. performs its advisory services is located at One Sw Columbia, Portland, OR 97258, 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 503-916-0776 or by fax 503-916-0781. The normal business hours are 7:00am-3:00pm pst on Monday - Friday. You can find more information about the New York firm at mengiscapital.com.