True North Retirement Advisors, LLC (Clackamas)

Name: True North Retirement Advisors, LLC
Address: 10151 Se Sunnyside Road, #400, Clackamas, OR, 97015
Telephone: (503) 387-6869

True North Retirement Advisors, LLC is a large advisory firm based in Clackamas. It manages $215.21 million of regulatory assets for 952 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, New Hampshire, and 3 other states.

True North Retirement Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

True North Retirement Advisors: assets under management

The assets under management (AUM) of True North Retirement Advisors, LLC is $215.21 million. The firm's AUM has grown by 24% since the beginning of its operation, and $447.45 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $192.06 million in discretionary accounts and $23.16 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $204.97 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.54 million.

True North Retirement Advisors has custody of $958 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay True North Retirement Advisors, 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 True North Retirement Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of True North Retirement Advisors is high net worth individuals with 59 clients and $116.52 million of assets under management. Among the 11 most similar advisory firms, True North Retirement Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $215.21 million for 287 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.

True North Retirement Advisors doesn't advise any private funds.

Careers at True North Retirement Advisors, LLC

The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ashley Marie Micciche	Member and investment advisor representative	1 May 2017	75% - 100%	5418564
David George Wilson	Member and investment advisor representative	1 May 2017	Other	1050576
Douglas Gordon Micciche	Chief compliance officer	1 Nov 2017	Other	1066437
Douglas Gordon Micciche	Chief compliance officer	1 Jan 2018	Other	1066437

Based in Clackamas

The principal office where True North Retirement Advisors, LLC performs its advisory services is located at 10151 Se Sunnyside Road, #400, Clackamas, OR 97015, 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) 387-6869 or by fax (503) 974-2420. The normal business hours are 8:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at truenorthretirementadvisors.com and its LinkedIn profile.