Clear Creek Financial Management, LLC (Silverdale)

Name: Clear Creek Financial Management, LLC
Address: 9361 Bayshore Drive Nw, Silverdale, WA, 98383
Telephone: (360) 308-8239

Clear Creek Financial Management, LLC is a large advisory firm based in Silverdale. It manages $257.41 million of regulatory assets for 1,738 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Colorado, and 9 other states.

Clear Creek Financial Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Clear Creek Financial Management: assets under management

The assets under management (AUM) of Clear Creek Financial Management, LLC is $257.41 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 670% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $257.41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $148.11 thousand each.

Clear Creek Financial Management has custody of $207.18 million in cash and securities for 1,869 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 82% of the total AUM. The second-largest asset type is investment and business development companies, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Clear Creek Financial Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Clear Creek Financial Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Clear Creek Financial Management is individuals with 1,717 clients and $224.6 million of assets under management. Among the 10 most similar advisory firms, Clear Creek Financial Management has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $257.41 million for 1,738 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.

Clear Creek Financial Management doesn't advise any private funds.

Careers at Clear Creek Financial Management, LLC

The company employs 17 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 17 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
Benjamin James Warren	Managing member	1 Apr 2014	25% - 50%	4954801
Brian Sumner Deely	Managing member	1 Apr 2014	25% - 50%	5248430
Joseph John Gates	Managing member & chief compliance officer	1 Apr 2014	Other	5488617

Based in Silverdale

The principal office where Clear Creek Financial Management, LLC performs its advisory services is located at 9361 Bayshore Drive Nw, Silverdale, WA 98383, which is also the mailing address of the firm. An additional office of the firm is in Meridian, ID. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (360) 308-8239. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at striveplanning.com.