Delap Wealth Advisory, LLC
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Overview
Delap Wealth Advisory, LLC operates as an advisory company located in Lake Oswego, Oregon. The firm manages $317.8 million in total assets throughout 383 customer accounts, making it a mid-tier investment advisory firm in the United States by assets under management (AUM). It has a small team, including 3 financial advisors. Delap Wealth Advisory, LLC does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are tradable financial assets like equities, options and bonds.
Delap Wealth Advisory, LLC administers most of its accounts in a discretionary manner. Discretionary management means that an investment advisor has the discretion to make buy and sell choices without needing to seek client permission. The company also has one non-discretionary accounts totaling $1.4 million in AUM. The firm's average account size is $829,798. An average advisor at Delap Wealth Advisory, LLC oversees around 128 client accounts.
The company's main office is at 5885 Meadows Road, Lake Oswego, Oregon 97035. The firm is legally registered to provide services to customers across a number of states, including Oregon and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Delap Wealth Advisory, LLC by the Numbers
$317.8 million
5
383
$829.8 thousand
Products and Services
Financial services offered by Delap Wealth Advisory, LLC include financial planning services and portfolio management for individuals and small businesses. In the last fiscal year, Delap Wealth Advisory, LLC provided financial planning services to 1-10 of its clients. Delap Wealth Advisory, LLC does not sell products or offer services apart from investment advisory services to its investment advisory customers. The company is also affiliated with one or more other companies in the financial services industry, including with an accountant or accounting firm.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees largely depend on the services offered. Fee types billed by the firm may include the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Delap Wealth Advisory, LLC.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Delap Wealth Advisory, LLC provides services to retail investors, high net worth investors and corporations. Out of its 383 clients, Delap Wealth Advisory, LLC's biggest client is high net worth investors, though it also caters to 95 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are non-U.S. persons.
- High-Net-Worth Individuals* - 80.51%
- Other Individuals - 17.8%
- Corporations - 1.69%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Delap Wealth Advisory, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Delap Wealth Advisory, LLC
Lake Oswego, OR
Lake Oswego, OR
Lake Oswego, OR
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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