Fortitude Financial LLC
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Overview
Fortitude Financial LLC is an advisory company based in Spokane, Washington. The company oversees $168.1 million in assets under management over 1,155 client accounts, making it a mid-tier investment advisory firm in the United States by assets under management (AUM). Fortitude Financial LLC has a small team, including 3 financial advisors. Fortitude Financial LLC does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets such as bonds, stocks and options.
Fortitude Financial LLC manages all of the firm's accounts on a discretionary basis. Discretionary management means that transaction judgments are made by an investment advisor without needing to seek client consent. The advisory firm administers an average of $145,505 for each client account. An average advisor at Fortitude Financial LLC oversees around 385 client accounts.
Fortitude Financial LLC's main office is located at 123 East 2Nd Avenue, Spokane, Washington 99202. Fortitude Financial LLC is registered to serve customers throughout a few states, including Arizona, California, Idaho, Nevada, Oregon, Texas and Washington.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Fortitude Financial LLC by the Numbers
$168.1 million
8
1,155
$145.5 thousand
Products and Services
Fortitude Financial LLC provides a number of services, which can include financial planning services, portfolio management for individuals and small businesses and other services. In the past financial year, it provided 51-100 of its customers with financial planning services. The company is not involved in selling products or offering services aside from investment advisory services to its investment advisory accounts. The company is also affiliated with a number of 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
Fees charged by financial advisors typically are based on which services the firm provides the client. Fee types billed by Fortitude Financial LLC likely include the following fee types: asset-based or hourly. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the company.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
Unavailable
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm caters to retail investors and high net worth investors. Out of its 1,155 clients, Fortitude Financial LLC's biggest client type by number of accounts is retail investors, although it also caters to 35 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone 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 the firm's customers are from outside of the U.S.
- High-Net-Worth Individuals* - 7.58%
- Other Individuals - 92.42%
- 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
Fortitude Financial LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Fortitude Financial LLC
Spokane, WA
Spokane, WA
Spokane, WA
Spokane, WA
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