Financial Investment Team ("Fit")

CRD#145724
Investment Advisor Firm

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Overview

Financial Investment Team ("Fit") operates as an advisory company that has its headquarters in Portland, Oregon. Financial Investment Team ("Fit") has $135.6 million in total assets over 950 customer accounts, placing it in the mid-tier of firms in the United States by assets under management (AUM). The firm has a small group, including 3 financial advisors. Financial Investment Team ("Fit") is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are exchangable financial assets like stocks, options and bonds.

Financial Investment Team ("Fit") manages all of the firm's client assets on a discretionary basis. Discretionary management is a structure in which buy and sell choices are made by an investment advisor without requiring the client's consent. Financial Investment Team ("Fit")'s average account size is $142,735. The typical advisor at Financial Investment Team ("Fit") manages about 317 client accounts.

The company's central office is at 15350 Sw Sequoia Pkwy, Portland, Oregon 97224. It is allowed to serve customers across a few states, including Arizona, California, Colorado, Oregon, Texas and Washington.

Assets Under Management

$135.6 million

Number of Advisors

3

Disclosures

No

Office Location

15350 Sw Sequoia Pkwy
Portland, OR 97224

Financial Investment Team ("Fit") by the Numbers

Total Assets Under Management

$135.6 million

National Average: $8.6 billion
Total Number of Employees

4

National Average: 64
Total Number of Accounts

950

National Average: 375,227
Average Account Size

$142.7 thousand

National Average: $23.0 thousand
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Products and Services

Financial Investment Team ("Fit") provides a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and educational seminars. In the prior financial year, the company provided financial planning services to 51-100 of its accounts. The firm does sell products or offer services apart from investment advisory services to its clients. The firm is affiliated with a number of other companies in the financial services industry, including with an accountant or accounting firm.

Core Advisor Services

  • 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.

  • 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.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Find a firm that offers this service

    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.

  • Offered by 6% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Financial management fees are based on which service is provided. Fees charged by Financial Investment Team ("Fit") can consist of the following fee structures: asset-based or hourly. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 21% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

Unavailable

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

It caters to retail investors and high net worth investors. Out of its 950 customers, Financial Investment Team ("Fit")'s biggest client type by number of accounts is retail investors, although it also manages money for 32 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are from outside of the U.S.

  • High-Net-Worth Individuals* - 6.48%
  • Other Individuals - 93.52%
  • Corporations - 0%
  • 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

Financial Investment Team ("Fit") does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Financial Investment Team ("Fit")

Rachel Gustafson
Portland, OR
Christine Lam
Portland, OR
Diana Harrison
Portland, 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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