Great Northern Asset Management, LLC (Vancouver)


Great Northern Asset Management, LLC is a large advisory firm based in Vancouver. It manages $212.7 million of regulatory assets for 147 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alaska, California, Florida, and 7 other states.

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

Great Northern Asset Management: assets under management

The assets under management (AUM) of Great Northern Asset Management, LLC is $212.7 million. The firm's AUM has grown by 198% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $201.62 million in discretionary accounts and $11.08 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.53 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $738.41 thousand.
Great Northern Asset Management has custody of $113.54 million in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Great Northern Asset Management, LLC 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 John Duncan Ritchie serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of John Duncan Ritchie is high net worth individuals with 84 clients and $187.04 million of assets under management. Among the 12 most similar advisory firms, Great Northern Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $198.26 million for 141 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.

Great Northern Asset Management doesn't advise any private funds.

Careers at Great Northern Asset Management, 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. No 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.

John Duncan Ritchie has been acting as President since 1 Jan 2006. Tamara Anne Oglesby joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
John Duncan Ritchie President/chief compliance officer 1 Jan 2006 75% - 100% 400212
John Duncan Ritchie Manager / member 1 Mar 2006 50% - 75% 400212
David J. Johnson Member 1 Mar 2006 Other 5212617
John Evans Von Schlegell Member 1 Mar 2006 Other 5285379
Thomas J Tomjack Member 1 Mar 2006 Other 5285382
Edward Rasmuson Member 1 Mar 2006 Other 4694007
John E Von Schlegell Member 1 Mar 2006 Other 5285379
Tamara Anne Oglesby Chief compliance officer 1 May 2006 Other 4773679
John David Page Member 1 Mar 2007 Other 5285376
David J. Johnson Member 1 Mar 2007 Other 5212617
Robert Douglas Greenman Chief compliance officer 1 Aug 2007 Other 4969019
Jan Baisch Member 1 Apr 2009 Other 5769502
Lp Babson Capital Partners Member 1 Apr 2009 Other 93-1190351
Tamara Anne Oglesby Chief compliance officer 1 Jun 2011 Other 4773679

Based in Vancouver

The principal office where Great Northern Asset Management, LLC performs its advisory services is located at 1111 Main Street, Vancouver, WA 98660 2990, 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 360-567-3300 or by fax 360-567-3306. The normal business hours are 7:00am-4:00pm on Monday - Friday. You can find more information about the New York firm at gnam.us/ (under construction).