Deschutes Portfolio Strategy, LLC (Lake Oswego)

Name: Deschutes Portfolio Strategy, LLC
Address: 4949 Meadows Road, Lake Oswego, OR, 97035
Telephone: 503-210-3000

Deschutes Portfolio Strategy, LLC is a large advisory firm based in Lake Oswego. It manages $1.04 billion of regulatory assets for 795 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Hawaii, Nevada, Oregon, and Washington.

Deschutes Portfolio Strategy provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Deschutes Portfolio Strategy: assets under management

The assets under management (AUM) of Deschutes Portfolio Strategy, LLC is $1.04 billion. The firm's AUM has grown by 121% since the beginning of its operation, and $667 of the total AUM is attributable to clients outside of the United States.

The firm manages $394.04 million in discretionary accounts and $642.23 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $566.97 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.42 million.

Deschutes Portfolio Strategy has custody of $232.52 million in cash and securities for 160 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 91% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in pooled investment vehicles form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Deschutes Portfolio Strategy, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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 Deschutes Portfolio Strategy serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Deschutes Portfolio Strategy is pension and profit sharing plans with 59 clients and $555.34 million of assets under management. Among the 9 most similar advisory firms, Deschutes Portfolio Strategy has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $981.98 million for 360 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.

Deschutes Portfolio Strategy also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Deschutes Portfolio Strategy, LLC

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Bryn Torkelson	Chief compliance officer, manager, 100% owner	1 Sep 2010	75% - 100%	1026464

Based in Lake Oswego

The principal office where Deschutes Portfolio Strategy, LLC performs its advisory services is located at 4949 Meadows Road, Lake Oswego, OR 97035, 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 503-210-3000 or by fax 503-210-3010. The normal business hours are 7:30 am to 5 pm on Monday - Friday. You can find more information about the New York firm at deschutesportfolio.com and its LinkedIn profile.