Springwater Wealth Management, LLC (Beaverton)


Springwater Wealth Management, LLC is a large advisory firm based in Beaverton. It manages $149.5 million of regulatory assets for 150 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Oregon, and Washington.

Springwater Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Springwater Wealth Management: assets under management

The assets under management (AUM) of Springwater Wealth Management, LLC is $149.5 million. The firm's AUM has grown by 33% since the beginning of its operation, and $830 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $117.28 million in discretionary accounts and $32.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $977.35 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.07 million.

Investments

The firm invests in investment and business development companies the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Springwater Wealth Management, 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 Springwater Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Springwater Wealth Management is individuals with 118 clients and $87.83 million of assets under management. Among the 10 most similar advisory firms, Springwater Wealth Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $149.5 million for 150 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.

Springwater Wealth Management doesn't advise any private funds.

Careers at Springwater Wealth Management, LLC

The company employs 4 people that are either part- or full-time employees. 75 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
Inc Raven Wealth Management Owner 1 Mar 2013 50% - 75% 46-2269105
Inc Powder Diamonds Owner 1 Mar 2013 50% - 75% 46-2391665
James Louis Corbeau Chief compliance officer 1 Jan 2018 50% - 75% 4536673

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
James Louis Corbeau Owner 1 Mar 2013 75% - 100% 4536673
Terence Anthony Donahe Owner 1 Mar 2013 75% - 100% 1845426

Based in Beaverton

The principal office where Springwater Wealth Management, LLC performs its advisory services is located at 6600 Sw 105 Th Avenue, Beaverton, OR 97008, 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 888-998-4796. The normal business hours are 8:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at springwaterwealth.com.