Avalan, LLC (Santa Barbara)

Name: Avalan, LLC
Address: 233 E Carillo, Santa Barbara, CA, 93101
Telephone: 805-962-7725

Avalan, LLC is a large advisory firm based in Santa Barbara. It manages $169.13 million of regulatory assets for 380 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California and Illinois.

Avalan provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Avalan: assets under management

The assets under management (AUM) of Avalan, LLC is $169.13 million. The firm's AUM has grown by 312% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $156.7 million in discretionary accounts and $12.43 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $430.49 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $776.56 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 68% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Avalan, LLC 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 Avalan serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Avalan is high net worth individuals with 92 clients and $107.8 million of assets under management. Among the 8 most similar advisory firms, Avalan has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $169.13 million for 183 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.

Avalan doesn't advise any private funds.

Careers at Avalan, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Richard Allen Schuette	Managing member & chief compliance officer	1 Feb 2011	75% - 100%	2907767
Kathryn E Courain	Shareholder	1 Apr 2016	Other	4062768

Based in Santa Barbara

The principal office where Avalan, LLC performs its advisory services is located at 233 E Carillo, Santa Barbara, CA 93101, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 805-962-7725. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at avalanwealth.com.