Marketspace Financial Inc (Albuquerque)


Marketspace Financial Inc is an adviser based in Albuquerque. It manages $240.57 million of regulatory assets for 329 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Montana, New Mexico, and Texas.

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

Marketspace Financial: assets under management

The assets under management (AUM) of Marketspace Financial Inc is $240.57 million. The firm's AUM has grown by 195% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $209.56 million in discretionary accounts and $31.01 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $722.61 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $795.21 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Marketspace Financial Inc for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Marketspace Financial Inc

Richard Harvey Follingstad has been acting as President since 1 Jan 2001. Daniel Andrew Yu joined the executive team most recently as the Portfolio Manager/Dir Research.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Gilbert Raff Vice president 1 Jan 2001 25% - 50% 2307901
John Joseph Oestreicher Executive vice president 1 Jan 2001 Other 351252
Richard Harvey Follingstad President 1 Jan 2001 25% - 50% 701042
John Joseph Oestreicher Principal 1 Mar 2005 25% - 50% 351252
Richard Harvey Follingstad Principal 1 Mar 2005 50% - 75% 701042
John Ransford Shelton Principal 1 Mar 2005 Other 1356043
Richard Harvey Follingstad Principal/chief compliance officer 1 Jan 2007 50% - 75% 701042
Daniel Andrew Yu Portfolio manager/dir research 1 Jan 2007 Other 5063470

Based in Albuquerque

The principal office where Marketspace Financial Inc performs its advisory services is located at 6565 Americas Parkway Ne, Albuquerque, NM 87110, 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 505-883-3131 or by fax 505-888-8881. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at marketspacefinancial.com.