Madison Park Capital Advisors, LLC (Seattle)

Name: Madison Park Capital Advisors, LLC
Address: 701 Fifth Avenue, Seattle, WA, 98104
Telephone: 206-623-6722

Madison Park Capital Advisors, LLC is a large advisory firm based in Seattle. It manages $139.61 million of regulatory assets for 845 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Oregon, Texas, and Washington.

Madison Park Capital Advisors 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.

Madison Park Capital Advisors: assets under management

The assets under management (AUM) of Madison Park Capital Advisors, LLC is $139.61 million. The firm's AUM has grown by 33% since the beginning of its operation, and $1.27 million of the total AUM is attributable to clients outside of the United States.

The firm manages $131.44 million in discretionary accounts and $8.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $156.11 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.72 million.

Madison Park Capital Advisors has custody of $27.48 million in cash and securities for 53 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 investment and business development companies, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Madison Park Capital Advisors, LLC for their services and products based on a percentage of assets under management and fixed 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.

What kind of clients Madison Park Capital Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Madison Park Capital Advisors is high net worth individuals with 57 clients and $76.35 million of assets under management. Among the 8 most similar advisory firms, Madison Park Capital Advisors has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $138.4 million for 306 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.

Madison Park Capital Advisors doesn't advise any private funds.

Careers at Madison Park Capital Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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
Chris Darryl Featherstone	Managing member and chief compliance officer	1 Aug 2014	50% - 75%	4211954
Jeffrey Alan Mullen	Managing member	1 Aug 2014	25% - 50%	1705197
Andrew James Barfoot	Member	1 Jan 2016	Other	6478395

Based in Seattle

The principal office where Madison Park Capital Advisors, LLC performs its advisory services is located at 701 Fifth Avenue, Seattle, WA 98104, which is also the mailing address of the firm. An additional office of the firm is in Carnation, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 206-623-6722. The normal business hours are 6:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at madisonparkca.com.