Cedar Mountain Advisors, LLC (Portland)

Name: Cedar Mountain Advisors, LLC
Address: 1750 Sw Harbor Way, Portland, OR, 97201
Telephone: 503-224-6868

Cedar Mountain Advisors, LLC is a large advisory firm based in Portland. It manages $500.5 million of regulatory assets for 1,698 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Oregon, Texas, and Washington.

Cedar Mountain Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cedar Mountain Advisors: assets under management

The assets under management (AUM) of Cedar Mountain Advisors, LLC is $500.5 million. The firm's AUM has grown by 1595% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $351.35 million in discretionary accounts and $149.14 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $210.64 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.97 million.

Cedar Mountain Advisors has custody of $341.18 million in cash and securities for 590 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cedar Mountain Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Cedar Mountain Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Cedar Mountain Advisors is high net worth individuals with 95 clients and $185.2 million of assets under management. Among the 6 most similar advisory firms, Cedar Mountain Advisors has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $500.5 million for 661 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.

Cedar Mountain Advisors doesn't advise any private funds.

Careers at Cedar Mountain Advisors, LLC

The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 7 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
Bradley Dean Patrick	Managing member	1 Mar 2006	50% - 75%	2201228
Adam Lee Woods	Managing member, chief compliance officer	1 Mar 2006	50% - 75%	3070064
Bradley Dean Patrick	Managing member	1 Jul 2006	50% - 75%	2201228
Adam Lee Woods	Managing member, chief compliance officer	1 Jul 2006	50% - 75%	3070064

Based in Portland

The principal office where Cedar Mountain Advisors, LLC performs its advisory services is located at 1750 Sw Harbor Way, Portland, OR 97201, 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 503-224-6868 or by fax 503-224-6887. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at cmapdx.com.