Moss Adams Wealth Advisors LLC (Seattle)


Moss Adams Wealth Advisors LLC is a large advisory firm based in Seattle. It manages $2.41 billion of regulatory assets for 3,850 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alaska, Arizona, California, and 11 other states.

Moss Adams Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Moss Adams Wealth Advisors: assets under management

The assets under management (AUM) of Moss Adams Wealth Advisors LLC is $2.41 billion. The firm's AUM has grown by 163% since the beginning of its operation, and $3.2 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.37 billion in discretionary accounts and $38.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $630.53 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $445.39 thousand.
Moss Adams Wealth Advisors has custody of $24.96 million in cash and securities for 11 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 49% of the total AUM. The second-largest asset type is state and local bonds, which make up 35% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Moss Adams Wealth Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Mark Dean Jaeger serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mark Dean Jaeger is high net worth individuals with 793 clients and $2.25 billion of assets under management. Among the 8 most similar advisory firms, Moss Adams Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.4 billion for 1,112 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.

Moss Adams Wealth Advisors doesn't advise any private funds.

Careers at Moss Adams Wealth Advisors LLC

The company employs 55 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. 18 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.

Mark Dean Jaeger has been acting as President since 1 Jul 1999. Erica Lane Coogan joined the executive team most recently as the Partner In Charge.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Mark Dean Jaeger Managing member/president 1 Jul 1999 Other 1308398
Moss Adams Financial Services Llc Member 1 Aug 2000 75% - 100% 91-2057476
Jennifer Rose Furness Chief compliance officer 1 Mar 2004 Other 2657358
Rebecca Howlett Pomering Chief executive officer 1 Jul 2008 Other 5569130
Kenneth Daniel Evans Chief operations officer 1 Jan 2012 Other 5615873
Erica Lane Coogan Partner in charge 1 Sep 2016 Other 3130160

Indirect Owners

The SEC currently registers 9 indirect owners.

Name Entity Date acquired Ownership Employer ID
James Frederick Schlager Partner 1 Jan 1997 Other 1944421
Larry Lars Knudsen Partner 1 Jan 1997 Other 1232004
Moss Adams Llp Sole owner 1 Aug 2000 75% - 100% 91-0189318
Robert Louis Bunting Partner 1 Aug 2000 Other 3275221
Richard J Fohn Partner 1 Aug 2000 Other 4372336
Richard Thornton Partner 1 May 2003 Other 2683241
Christopher Schmidt Partner 1 Mar 2005 Other 4989935
Erica Lane Coogan Principal 1 Sep 2007 Other 3130160
Erica Lane Coogan Principal 1 Jan 2016 Other 3130160

Based in Seattle

The principal office where Moss Adams Wealth Advisors LLC performs its advisory services is located at 999 Third Ave Ste 2800, Seattle, WA 98104, which is also the mailing address of the firm. An additional office of the firm is in Santa Rosa, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 206-302-6500 or by fax 206-332-8849. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at mossadamswealthadvisors.com and its LinkedIn profile.