Lesa Sroufe & Company, Inc. (Seattle)

Name: Lesa Sroufe & Company, Inc.
Address: 1200 5 Th Ave., Suite 1200, Seattle, WA, 98101
Telephone: 206-838-8383

Lesa Sroufe & Company, Inc. is a large advisory firm based in Seattle. It manages $207.32 million of regulatory assets for 349 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alaska, Arizona, California, and 7 other states.

Lesa Sroufe & Company provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and publication of newsletters. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lesa Sroufe & Company: assets under management

The assets under management (AUM) of Lesa Sroufe & Company, Inc. is $207.32 million. The firm's AUM has grown by 1973% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $189.35 million in discretionary accounts and $17.97 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $579.06 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $816.93 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 71% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 13% of the firm’s portfolio. Investments in state and local bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lesa Sroufe & Company, Inc. 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 Lesa Sroufe & Company serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lesa Sroufe & Company is individuals with 305 clients and $95.28 million of assets under management. Among the 12 most similar advisory firms, Lesa Sroufe & Company has the 6th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $165.77 million for 341 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.

Lesa Sroufe & Company doesn't advise any private funds.

Careers at Lesa Sroufe & Company, Inc.

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There are 15 people 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
Lesa Anne Sroufe	President, managing director, chief financial officer	1 Jan 2004	75% - 100%	1039743
Patricia Emerson Howe	Vice president/director,chief compliance officer	1 Jan 2004	Other	1163095
Kassira Thi Vo	Operations manager/chief compliance officer	1 Feb 2006	Other	2413750
Shaun Elizabeth Corry	Chief compliance officer	1 May 2006	Other	5169130
Kassira Thi Vo	Director of sales & marketing	1 Aug 2008	Other	2413750
Jonathan Samuel Geurkink	Research director	1 Apr 2012	Other	2776069

Based in Seattle

The principal office where Lesa Sroufe & Company, Inc. performs its advisory services is located at 1200 5 Th Ave., Suite 1200, Seattle, WA 98101, 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 206-838-8383 or by fax 206-838-8387. The normal business hours are 6:30 a.m. - 4:00 p.m.pst on Monday - Friday. You can find more information about the New York firm at sroufeco.com.