Financial Resources Group.Com LLC (Bellevue)

Name: Financial Resources Group.Com LLC
Address: 10900 Ne 8 Th Street, Suite 1600, Bellevue, WA, 98004
Telephone: 425-453-4122

Financial Resources Group.Com LLC is a large advisory firm based in Bellevue. It manages $464.77 million of regulatory assets for 491 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Texas, and Washington.

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

Financial Resources Group: assets under management

The assets under management (AUM) of Financial Resources Group.Com LLC is $464.77 million. The firm's AUM has gone down by -8% since the beginning of its operation, and $1 million of the total AUM is attributable to clients outside of the United States.

The firm manages $175.71 million in discretionary accounts and $289.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.03 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $900.52 thousand.

Financial Resources Group has custody of $100 million in cash and securities for 35 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is investment and business development companies, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Resources Group.Com 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 Financial Resources Group serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Financial Resources Group is high net worth individuals with 95 clients and $434.03 million of assets under management. Among the 13 most similar advisory firms, Financial Resources Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $464.77 million for 162 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.

Financial Resources Group doesn't advise any private funds.

Careers at Financial Resources Group.Com LLC

The company employs 5 people that are either part- or full-time employees. 80 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 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
Douglas William Mccallum	Owner / manager/ cco	1 Mar 1963	75% - 100%	324917
Benjamin Dale Johnson	Managing member/cco	1 Oct 2015	50% - 75%	4736820
Jimmy Shanggee Wu	Managing member	1 Oct 2015	50% - 75%	2669926

Based in Bellevue

The principal office where Financial Resources Group.Com LLC performs its advisory services is located at 10900 Ne 8 Th Street, Suite 1600, Bellevue, WA 98004, 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 425-453-4122 or by fax 425-451-9686. The normal business hours are 8a.m. - 5p.m. on Monday - Friday. You can find more information about the New York firm at financialresourcesgroup.com.