Greene Wealth Management, LLC (Seattle)

Name: Greene Wealth Management, LLC
Address: 1301 5 Th Avenue, Seattle, WA, 98101 2630
Telephone: 206-623-2200

Greene Wealth Management, LLC is a large advisory firm based in Seattle. It manages $806.04 million of regulatory assets for 1,399 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Arizona, California, Illinois, and 3 other states.

Greene Wealth Management 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 consulting. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Greene Wealth Management: assets under management

The assets under management (AUM) of Greene Wealth Management, LLC is $806.04 million. The firm's AUM has grown by 250% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $776.23 million in discretionary accounts and $29.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $566.59 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.03 million.

Greene Wealth Management has custody of $724.62 million in cash and securities for 322 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 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Greene Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Kirk Patrick Greene 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 Kirk Patrick Greene is high net worth individuals with 236 clients and $616.7 million of assets under management. Among the 7 most similar advisory firms, Greene Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $806.04 million for 326 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.

Greene Wealth Management doesn't advise any private funds.

Careers at Greene Wealth Management, LLC

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 4 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.

Kirk Patrick Greene has been acting as President since 1 Nov 2005. Matthew Benjamin Lowe joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kirk Patrick Greene	President	1 Nov 2005	50% - 75%	1003568
Sheri Kay Christensen	Chief compliance officer	1 Nov 2005	Other	3192286
Jason Robert Radabaugh	Client relationship manager	1 Nov 2005	Other	3003267
Eric Harvey Brown	Chief compliance officer	1 Jun 2008	Other	2446449
Christopher Bryan Downing	Member	1 Jan 2012	Other	2890049
Jason Robert Radabaugh	Member	1 Jan 2012	Other	3003267
Sheri Kay Christensen	Chief compliance officer and operations manager	1 Mar 2016	Other	3192286
Matthew Benjamin Lowe	Member	1 Jan 2017	Other	5552373

Based in Seattle

The principal office where Greene Wealth Management, LLC performs its advisory services is located at 1301 5 Th Avenue, Seattle, WA 98101 2630, 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 206-623-2200 or by fax 206-623-2202. The normal business hours are 7:30 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at greenewealthmgmt.com and its LinkedIn profile.