Agate Pass Investment Management, LLC (Bainbridge Island)


Agate Pass Investment Management, LLC is a large advisory firm based in Bainbridge Island. It manages $127.5 million of regulatory assets for 198 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Washington.

Agate Pass Investment Management 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.

Agate Pass Investment Management: assets under management

The assets under management (AUM) of Agate Pass Investment Management, LLC is $127.5 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $127.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $643.96 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is investment and business development companies, which make up 22% of the firm’s portfolio. Investments in investment grade corporate bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Agate Pass Investment Management, LLC for their services and products based on a percentage of assets under management. 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 Agate Pass Investment Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Agate Pass Investment Management is high net worth individuals with 38 clients and $101.32 million of assets under management. Among the 10 most similar advisory firms, Agate Pass Investment Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $127.5 million for 89 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.

Agate Pass Investment Management doesn't advise any private funds.

Careers at Agate Pass Investment Management, LLC

The company employs 4 people that are either part- or full-time employees. 100 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.

Bradley Sean Van Aken joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Mark Allen Byl Chief executive officer 1 Aug 2010 Other 1308490
Bradley Sean Van Aken Chief compliance officer 1 Jan 2015 75% - 100% 2771974

Based in Bainbridge Island

The principal office where Agate Pass Investment Management, LLC performs its advisory services is located at 400 Winslow Way East, Bainbridge Island, WA 98110, 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 206-842-5770 or by fax 206-842-5554. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at agatepassinvestment.com.