Aldrich Wealth LP (Lake Oswego)

Name: Aldrich Wealth LP
Address: 5665 Sw Meadows Rd, Lake Oswego, OR, 97035
Telephone: 503-620-5329

Aldrich Wealth LP is a large advisory firm based in Lake Oswego. It manages $1.6 billion of regulatory assets for 1,662 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alaska, Arizona, California, and 8 other states.

Aldrich Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and tax services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Aldrich Wealth: assets under management

The assets under management (AUM) of Aldrich Wealth LP is $1.6 billion. The firm's AUM has grown by 23% since the beginning of its operation, and $492.81 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $1.16 billion in discretionary accounts and $438.47 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $708.14 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $19.93 million.

Aldrich Wealth has custody of $486.62 million in cash and securities for 391 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 88% of the total AUM. The second-largest asset type is government bonds, which make up 7% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aldrich Wealth LP for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kevin Scott Barchus serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Kevin Scott Barchus is pension and profit sharing plans with 137 clients and $870.57 million of assets under management. Among the 7 most similar advisory firms, Aldrich Wealth has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $1.49 billion for 730 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.

Aldrich Wealth doesn't advise any private funds.

Careers at Aldrich Wealth LP

The company employs 25 people that are either part- or full-time employees. 68 percent of the employees work as investment advisers or researchers. 18 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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.

Kevin Scott Barchus has been acting as President since 1 Jun 1998. Darin Earl Richards has served as the Chief Investment Officer since 1 Apr 2004. Jaime Kathryn Stimpson joined the executive team most recently as the Principal.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kevin Scott Barchus	President/chief compliance officer/principal	1 Jun 1998	Other	3013155
Stephen Michael Tatone	Vice president	1 Jan 2001	Other	2374396
Llp Akt Services	Limited partner	1 Jan 2002	75% - 100%	93-1316075
Darin Earl Richards	Chief investment officer/principal	1 Apr 2004	Other	3152370
Aldrich Services Llp	General partner	1 Sep 2007	Other	20-4730205
Carl James Pinkard	Principal	1 Jan 2013	Other	4596300
Jaime Kathryn Stimpson	Principal	1 Jan 2015	Other	5857509

Based in Lake Oswego

The principal office where Aldrich Wealth LP performs its advisory services is located at 5665 Sw Meadows Rd, Lake Oswego, OR 97035, which is also the mailing address of the firm. An additional office of the firm is in Salem, OR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 503-620-5329 or by fax 503-624-1349. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at wealthadvisors.com.