Trutina Financial, L.L.C. (Bellevue)

Name: Trutina Financial, L.L.C.
Address: 10811 Main Street, Bellevue, WA, 98004 6323
Telephone: 425-401-1211

Trutina Financial, L.L.C. is a large advisory firm based in Bellevue. It manages $640.28 million of regulatory assets for 525 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Iowa, Oregon, Texas, and Washington.

Trutina Financial, L.L.C provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Trutina Financial, L.L.C: assets under management

The assets under management (AUM) of Trutina Financial, L.L.C. is $640.28 million. The firm's AUM has grown by 48% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $538.66 million in discretionary accounts and $101.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.07 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.62 million.

Trutina Financial, L.L.C has custody of $176.47 million in cash and securities for 413 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Trutina Financial, L.L.C. for their services and products based on a percentage of assets under management 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 Trutina Financial, L.L.C serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Trutina Financial, L.L.C is pension and profit sharing plans with 136 clients and $415.93 million of assets under management. Among the 10 most similar advisory firms, Trutina Financial, L.L.C has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $640.28 million for 525 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.

Trutina Financial, L.L.C doesn't advise any private funds.

Careers at Trutina Financial, L.L.C.

The company employs 17 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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
Richard Louis Budke	Member, chief compliance officer	1 Jul 2005	25% - 50%	4468718
Matthew Michael Myers	Member	1 Jul 2005	25% - 50%	2506930
Steven Richard Herman	Member	1 Jul 2005	Other	4810571
Todd William Carter	Member	1 Mar 2014	Other	1122956
Geoffrey Peter Schock	Member	1 Apr 2014	Other	5639824
Cindra Maria Patterson	Member	1 Apr 2014	Other	5634102

Based in Bellevue

The principal office where Trutina Financial, L.L.C. performs its advisory services is located at 10811 Main Street, Bellevue, WA 98004 6323, 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 425-401-1211 or by fax 425-401-1231. The normal business hours are 8am - 4:30pm on Monday - Friday. You can find more information about the New York firm at trutinafinancial.com.