Mccutchen Group LLC (Seattle)

Name: Mccutchen Group LLC
Address: 925 Fourth Avenue, Suite 2288, Seattle, WA, 98104
Telephone: 206-816-6850

Mccutchen Group LLC is a large advisory firm based in Seattle. It manages $2.53 billion of regulatory assets for 849 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, New York, and Washington.

Mccutchen Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and bookkeeping, hr services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mccutchen Group: assets under management

The assets under management (AUM) of Mccutchen Group LLC is $2.53 billion. The firm's AUM has grown by 118% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.52 billion in discretionary accounts and $1 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.19 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.55 million.

Mccutchen Group has custody of $2.82 billion in cash and securities for 78 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 37% of the total AUM. The second-largest asset type is state and local bonds, which make up 20% of the firm’s portfolio. Investments in investment and business development companies form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mccutchen Group 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 Mccutchen Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Mccutchen Group is high net worth individuals with 59 clients and $2.06 billion of assets under management. Among the 7 most similar advisory firms, Mccutchen Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.53 billion for 100 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.

Mccutchen Group also advises several private funds. Namely, four other private funds. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Mccutchen Group LLC

The company employs 20 people that are either part- or full-time employees. 35 percent of the employees work as investment advisers or researchers. No 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
Matthew Brooks Mccutchen	Managing member	1 Feb 2007	75% - 100%	4255911
Sara M Taylor	Chief compliance officer	1 Nov 2007	Other	2981601
Sara M Hunt	Chief compliance officer	1 Nov 2007	Other	2981601
Cathy Jo Reeves	Chief financial officer and chief operating officer	1 Sep 2015	Other	5313942
Seth David Pierce Leaptrot	Chief compliance officer	1 Mar 2018	Other	6931357

Based in Seattle

The principal office where Mccutchen Group LLC performs its advisory services is located at 925 Fourth Avenue, Suite 2288, Seattle, WA 98104, 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 206-816-6850 or by fax 206-816-6830. The normal business hours are 8am to 5 pm (pacific time) on Monday - Friday. You can find more information about the New York firm at mccutchengroup.com/.