Soundmark Wealth Management, LLC (Kirkland)

Name: Soundmark Wealth Management, LLC
Address: 11400 98 Th Avenue Ne, Suite 301, Kirkland, WA, 98033
Telephone: 425-820-1769

Soundmark Wealth Management, LLC is a large advisory firm based in Kirkland. It manages $670.14 million of regulatory assets for 453 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Arizona, California, Colorado, and 5 other states.

Soundmark Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Soundmark Wealth Management: assets under management

The assets under management (AUM) of Soundmark Wealth Management, LLC is $670.14 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 188% since the beginning of its operation, and $1.23 million of the total AUM is attributable to clients outside of the United States.

The firm manages $670.14 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.48 million each.

Soundmark Wealth Management has custody of $237.27 million in cash and securities for 247 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 79% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% 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 Soundmark Wealth Management, LLC for their services and products based on a percentage of assets under management, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Soundmark Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Soundmark Wealth Management is high net worth individuals with 198 clients and $501.82 million of assets under management. Among the 8 most similar advisory firms, Soundmark Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $670.14 million for 453 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Soundmark Wealth Management doesn't advise any private funds.

Careers at Soundmark Wealth Management, LLC

The company employs 13 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. 9 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 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
Todd David Flynn	Member	1 Jul 2002	25% - 50%	4533547
John Edward Buller	Member	1 Jul 2002	Other	4567930
Robert Stuart Martin	Member	1 Jul 2002	Other	4567921
Brian R Bircher	Member	1 Jul 2002	Other	4567927
William Joseph Schultheis	Member	1 Sep 2007	50% - 75%	1134680
Joyce Virginia Bloomquist	Chief compliance officer	1 Jan 2008	Other	4923711

Based in Kirkland

The principal office where Soundmark Wealth Management, LLC performs its advisory services is located at 11400 98 Th Avenue Ne, Suite 301, Kirkland, WA 98033, 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 425-820-1769 or by fax 425-820-1973. The normal business hours are 7:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at soundmarkwealth.com.