Newfocus Financial Group, LLC (Vancouver)

Name: Newfocus Financial Group, LLC
Address: 410 West 12 Th Street, Vancouver, WA, 98660
Telephone: (888) 762-2423

Newfocus Financial Group, LLC is a large advisory firm based in Vancouver. It manages $503.71 million of regulatory assets for 1,394 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Oregon, Texas, and Washington.

Newfocus Financial Group provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Newfocus Financial Group: assets under management

The assets under management (AUM) of Newfocus Financial Group, LLC is $503.71 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 238% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $503.71 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $361.34 thousand each.

Newfocus Financial Group has custody of $330.97 million in cash and securities for 319 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 68% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Newfocus Financial Group, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Newfocus Financial Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Newfocus Financial Group is high net worth individuals with 170 clients and $404.9 million of assets under management. Among the 7 most similar advisory firms, Newfocus Financial Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $503.71 million for 423 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.

Newfocus Financial Group doesn't advise any private funds.

Careers at Newfocus Financial Group, LLC

The company employs 8 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 8 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.

Newfocus Financial Group, LLC is owned by Chad Mitchell Burton. Robert Francis Black joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Chad Mitchell Burton	Chief compliance officer/owner	1 Aug 2004	50% - 75%	2778208
Robert Francis Black	Member/owner	1 Aug 2004	50% - 75%	2788481
Robert Francis Black	Member	1 Oct 2009	50% - 75%	2788481
Chad Mitchell Burton	Member/chief compliance officer	1 Oct 2010	50% - 75%	2778208

Based in Vancouver

The principal office where Newfocus Financial Group, LLC performs its advisory services is located at 410 West 12 Th Street, Vancouver, WA 98660, which is also the mailing address of the firm. An additional office of the firm is in Tiburon, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (888) 762-2423 or by fax (360) 326-7324. The normal business hours are 8:00am-4:30pm on Monday - Friday. You can find more information about the New York firm at newfocusfinancial.com.