Laird Norton Tyee Asset Strategies, LLC (Seattle)

Name: Laird Norton Tyee Asset Strategies, LLC
Address: 801 Second Avenue, Suite 1600, Seattle, WA, 98104 1564
Telephone: 206-464-5100

Laird Norton Tyee Asset Strategies, LLC is a large advisory firm based in Seattle. It manages $1.62 billion of regulatory assets for 1,403 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Colorado, Nebraska, and 3 other states.

Laird Norton Tyee Asset Strategies provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, selection of other advisers, 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.

Laird Norton Tyee Asset Strategies: assets under management

The assets under management (AUM) of Laird Norton Tyee Asset Strategies, LLC is $1.62 billion. The firm's AUM has grown by 26% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.42 billion in discretionary accounts and $206.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.23 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $812.21 thousand.

Laird Norton Tyee Asset Strategies has custody of $1.58 billion in cash and securities for 332 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 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in state and local bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Laird Norton Tyee Asset Strategies, LLC for their services and products based on a percentage of assets under management 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 Laird Norton Tyee Asset Strategies serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Laird Norton Tyee Asset Strategies is high net worth individuals with 236 clients and $1.5 billion of assets under management. Among the 8 most similar advisory firms, Laird Norton Tyee Asset Strategies has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.56 billion for 334 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.

Laird Norton Tyee Asset Strategies also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Laird Norton Tyee Asset Strategies, LLC

The company employs 73 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 30 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.

Robert John Benson has served as the Chief Investment Officer since 1 Jan 2010. Carla Wigen joined the executive team most recently as the Managing Director Of Fiduciary Strategy.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kaycee Wohleb Krysty	Principal	1 Jul 2001	Other	4360911
Richard Scott Simmonds	Principal	1 Jul 2001	Other	852362
Elizabeth Carley Emory	Compliance officer	1 Jun 2003	Other	4779397
Lynne Deborah Langseth	Executive director	1 Jun 2003	Other	1607576
Loran Michele Kaufman	Director of investment research	1 Dec 2003	Other	1289038
Laird Norton Trust Company	Member	1 Jan 2004	75% - 100%	91-0822389
Earl Wallace Bell	Chief financial officer	1 Jan 2004	Other	4626961
Laird Norton Tyee Trust Company	Member	1 Jan 2004	75% - 100%	91-0822389
Kenneth Scott Pickering	Director of operations, reporting & technology	1 Jul 2004	Other	2306827
Barbara Ann Potter	Managing director of fiduciary services	1 Jul 2005	Other	4713599
Lynne Deborah Langseth	Chief operating officer	1 Jan 2006	Other	1607576
Kristi M Mathisen	Managing director of tax and financial planning	1 Dec 2006	Other	5314200
Douglas Scott Rogers	Chief investment officer	1 Sep 2007	Other	2669691
Robert Michael Moser	President and ceo	1 Sep 2008	Other	1111165
Sherry Kenagy Lehmann	Director of human resources	1 Dec 2008	Other	6317034
Robert John Hille	General counsel and chief compliance officer	1 Jan 2009	Other	4865074
Robert John Benson	Chief investment officer	1 Jan 2010	Other	5726498
Ross Anderson Henry	Client advisor and team manager	1 Jan 2010	Other	2955953
Kaycee Wohleb Krysty	President emerita	1 Jan 2011	Other	4360911
Robert Michael Moser	President and ceo	1 Jan 2011	Other	1111165
Dana Kent Rekow	Managing director of client services	1 Aug 2011	Other	2510234
Patricia Jo Dill	Managing director of sales, marketing and communications	1 Aug 2011	Other	1692762
Matthew David Englizian	Managing director of strategic planning	1 May 2015	Other	4735197
Gino M Perrina	Chief investment officer	1 Nov 2015	Other	6592034
Jeanne Assael Goussev	Managing director of fiduciary services	1 Jun 2016	Other	4863607
Erin Kathleen Moyer	Managing director of marketing and communications	1 Jan 2017	Other	6775846
Carla Wigen	Managing director of fiduciary strategy	1 Aug 2018	Other	7022516

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Laird Norton Company	Shareholder	1 Jan 2004	75% - 100%	91-2027437
Inc. Laird Norton Wealth Management	Shareholder	1 Jan 2004	75% - 100%	20-0498323

Based in Seattle

The principal office where Laird Norton Tyee Asset Strategies, LLC performs its advisory services is located at 801 Second Avenue, Suite 1600, Seattle, WA 98104 1564, 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 206-464-5100 or by fax 206-464-1896. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at lairdnortonwm.com.