Palouse Capital Management, Inc. (Spokane)


Palouse Capital Management, Inc. is a large advisory firm based in Spokane. It manages $293.34 million of regulatory assets for 712 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Colorado, and 12 other states.

Palouse Capital Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and investment recommendations to model program sponsors. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Palouse Capital Management: assets under management

The assets under management (AUM) of Palouse Capital Management, Inc. is $293.34 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $293.34 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $411.99 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Palouse Capital Management, Inc. for their services and products based on a percentage of assets under management 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 Palouse Capital Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Palouse Capital Management is high net worth individuals with 214 clients and $147.27 million of assets under management. Among the 10 most similar advisory firms, Palouse Capital Management has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $292.67 million for 710 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.

Palouse Capital Management doesn't advise any private funds.

Careers at Palouse Capital Management, Inc.

The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 4 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
Bryn Douglas Harman Chief investment officer, chief financial officer 1 Oct 2013 Other 4986126
Barry Thomas Menne Chief compliance officer, president 1 Oct 2013 Other 2316455
Llc. Harman Menne Holdings Shareholder 1 Oct 2013 75% - 100% 46-2956062
Bryn Douglas Harman Chief investment officer, chief financial officer 1 Aug 2015 50% - 75% 4986126
Barry Thomas Menne Chief compliance officer, president 1 Aug 2015 50% - 75% 2316455

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Barry Thomas Menne Member 1 Aug 2013 50% - 75% 2316455
Bryn Douglas Harman Member 1 Aug 2013 50% - 75% 4986126

Based in Spokane

The principal office where Palouse Capital Management, Inc. performs its advisory services is located at 2026 N Washington St, Spokane, WA 99205, 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 (509)624-5591 or by fax (509)624-7215. The normal business hours are 6:00 a.m.-2:00 p.m. on Monday - Friday. You can find more information about the New York firm at palousecap.com.