Selway Asset Management, Inc. (Boise)

Name: Selway Asset Management, Inc.
Address: 877 W. Main Street, Boise, ID, 83702
Telephone: 208-343-7556

Selway Asset Management, Inc. is a large advisory firm based in Boise. It manages $226.49 million of regulatory assets for 133 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Idaho, Montana, and Oregon.

Selway Asset Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Selway Asset Management: assets under management

The assets under management (AUM) of Selway Asset Management, Inc. is $226.49 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -21% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $226.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.7 million each.

Selway Asset Management has custody of $60.46 million in cash and securities for 49 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is state and local bonds, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Selway Asset Management, Inc. for their services and products based on a percentage of assets under management. 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 Mark Ray Matsko 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 Mark Ray Matsko is high net worth individuals with 58 clients and $124.35 million of assets under management. Among the 8 most similar advisory firms, Selway Asset Management has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $226.49 million for 133 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.

Selway Asset Management doesn't advise any private funds.

Careers at Selway Asset Management, Inc.

The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 4 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 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.

Mark Ray Matsko has been acting as President since 1 Sep 2000. Scott Conrad Brassey joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Ray Matsko	President/ceo	1 Sep 2000	75% - 100%	2190124
Scott Conrad Brassey	Vice-president	1 Nov 2002	Other	2001661
Danielle Marie Bugni	Trading manager	1 Mar 2003	Other	4638679
Jill Sherie Wilson	Chief compliance officer	1 Oct 2004	Other	4638656
Justin Yochum	Vice president	1 Mar 2012	Other	5980415
Justin Northway Yochum	Vice president	1 Mar 2012	Other	5980415
Mark Ray Matsko	Vice president	1 Feb 2018	50% - 75%	2190124
Scott Conrad Brassey	President	1 Feb 2018	Other	2001661

Based in Boise

The principal office where Selway Asset Management, Inc. performs its advisory services is located at 877 W. Main Street, Boise, ID 83702, 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 208-343-7556 or by fax 208-343-5639. The normal business hours are 7:30 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at selwayinvest.com.