Akt Wealth Advisors, LLC (Lake Oswego)


Akt Wealth Advisors, LLC is a large advisory firm based in Lake Oswego. It manages $270 million of regulatory assets for 700 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Oregon, and Washington.

Akt Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Akt Wealth Advisors: assets under management

The assets under management (AUM) of Akt Wealth Advisors, LLC is $270 million. The firm's AUM has grown by 29% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $262 million in discretionary accounts and $8 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $388.15 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $320 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Akt Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Akt Wealth Advisors, LLC

Darin Earl Richards has served as the Chief Investment Officer since 1 Apr 2004. Ronald Alan Mitchell joined the executive team most recently as the Executive Committee.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Douglas Edward Davison Vice-president / member 1 Apr 1998 Other 2374401
Kevin Scott Barchus President / chief compliance officer / member 1 Jun 1998 Other 3013155
Llc Akt Services Owner 1 Jan 2001 75% - 100% 93-1316075
Llp Akt Services Owner 1 Jan 2001 75% - 100% 93-1316075
Darin Earl Richards Chief investment officer 1 Apr 2004 Other 3152370
Toby Jay Daniels Vice-president / member 1 Jan 2005 Other 1394167
Charleen Rachel Zieky Vice-president / member 1 Jan 2007 Other 2960099

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Stephen Michael Tatone Ceo / executive committee 1 Jan 2001 Other 2374396
Douglas Edward Davison Vice president / executive committee 1 Jan 2001 Other 2374401
Mark Edward Birge Executive committee 1 Jan 2001 Other 2374402
Kevin Scott Barchus Executive committee 1 Jan 2005 Other 3013155
Ronald Alan Mitchell Executive committee 1 Jan 2007 Other 4367685
Kevin James Camperell Executive committee 1 Jan 2007 Other 4367677

Based in Lake Oswego

The principal office where Akt Wealth Advisors, LLC performs its advisory services is located at 5665 Sw Meadows Rd, Lake Oswego, OR 97035, which is also the mailing address of the firm. An additional office of the firm is in Salem, OR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 503-620-5329 or by fax 503-624-1349. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at www.wealthadvisors.com.