Progressive Investment Management Corporation (Portland)

Name: Progressive Investment Management Corporation
Address: 5100 Sw Macadam Avenue, Portland, OR, 97239 3831
Telephone: 503-224-7828

Progressive Investment Management Corporation is a large advisory firm based in Portland. It manages $376.26 million of regulatory assets for 433 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Hawaii, Oregon, and Washington.

Progressive Investment Management Corporation provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Progressive Investment Management Corporation: assets under management

The assets under management (AUM) of Progressive Investment Management Corporation is $376.26 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 138% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $376.26 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $868.96 thousand each.

Progressive Investment Management Corporation has custody of $106.21 million in cash and securities for 58 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 44% of the total AUM. The second-largest asset type is state and local bonds, which make up 39% of the firm’s portfolio. Investments in investment and business development companies form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Progressive Investment Management Corporation 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 Progressive Investment Management Corporation serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Progressive Investment Management Corporation is high net worth individuals with 112 clients and $293.67 million of assets under management. Among the 10 most similar advisory firms, Progressive Investment Management Corporation has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $376.26 million for 182 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.

Progressive Investment Management Corporation doesn't advise any private funds.

Careers at Progressive Investment Management Corporation

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Carsten Michael Henningsen	Director, president and shareholder	1 Dec 1987	50% - 75%	1571524
Jr. Living Trust L M Grace	Shareholder	1 Jun 1995	Other	xxx-xx-xxxx
Robert Miller Baird	Director, secretary and shareholder	1 Dec 1995	Other	1368406
Robert Miller Baird	Director, chief compliance officer, secretary, treasurer	1 Jul 2012	Other	1368406
John Henry Streur	Shareholder	1 Oct 2014	Other	1251132
Carsten Michael Henningsen	Director, president and shareholder	1 Dec 2014	Other	1571524
James Terrence Madden	Shareholder	1 Dec 2014	Other	2930721
Anthony Steven Tursich	Shareholder	1 Dec 2014	Other	2636346
Beth Williamson	Shareholder	1 Dec 2014	Other	6317623
Emily Lethenstrom	Shareholder	1 Dec 2014	Other	6317618
Diane Lisa Greenwood	Chief compliance officer	1 Apr 2015	Other	4666973

Based in Portland

The principal office where Progressive Investment Management Corporation performs its advisory services is located at 5100 Sw Macadam Avenue, Portland, OR 97239 3831, which is also the mailing address of the firm. An additional office of the firm is in Eugene, OR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 503-224-7828 or by fax 503-224-5633. The normal business hours are 9:00-4:00 on Monday - Friday. You can find more information about the New York firm at progressiveinvestment.com/.