Talbot Financial, LLC (Bellevue)

Name: Talbot Financial, LLC
Address: 10500 Ne 8 Th Street, #1700, Bellevue, WA, 98004
Telephone: 425-533-0797

Talbot Financial, LLC is a large advisory firm based in Bellevue. It manages $220.36 million of regulatory assets for 171 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Florida, New Mexico, Texas, and Washington.

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

Talbot Financial: assets under management

The assets under management (AUM) of Talbot Financial, LLC is $220.36 million. The firm's AUM has grown by 499% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $220.26 million in discretionary accounts and $94.68 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.3 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $47.34 thousand.

Talbot Financial has custody of $27.8 million in cash and securities for 18 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio. Investments in state and local bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Talbot Financial, LLC for their services and products based on a percentage of assets under management. 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 Talbot Financial serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Talbot Financial is high net worth individuals with 72 clients and $216.14 million of assets under management. Among the 9 most similar advisory firms, Talbot Financial has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $220.36 million for 86 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.

Talbot Financial doesn't advise any private funds.

Careers at Talbot Financial, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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
Randall Howard Talbot	Managing member	1 Aug 2010	75% - 100%	5847246
Gregory Joseph Zanetti	Chief compliance officer and managing member	1 Sep 2010	Other	1506346
James Dwyer Pirak	Chief compliance officer	1 Jun 2015	25% - 50%	2365347
Nathan Howard Talbot	Member	1 Jun 2015	Other	4822252

Based in Bellevue

The principal office where Talbot Financial, LLC performs its advisory services is located at 10500 Ne 8 Th Street, #1700, Bellevue, WA 98004, 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 425-533-0797 or by fax 425-463-0061. The normal business hours are 8:00 am to 3:00 pm on Monday - Friday. You can find more information about the New York firm at talbotfinancial.com/.