Kutscher Benner Barsness & Stevens, Inc
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Kutscher Benner Barsness & Stevens, Inc operates as a financial advisor firm based in Seattle, Washington. It has $436.0 million in assets throughout 740 accounts, placing it among the larger firms in the United States by assets under management (AUM). The firm has a small group, including 6 financial advisors. Kutscher Benner Barsness & Stevens, Inc does not act as a registered broker-dealer, meaning the advisor 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 firm to do so. Securities are exchangable fiscal investments such as options, equities and bonds.
Kutscher Benner Barsness & Stevens, Inc administers none of its accounts in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make buy and sell decisions for the client's account without requiring the customer's permission. It also administers 740 non-discretionary accounts with a total of $436.0 million in assets. The investment advisory firm's typical account size is $589,192. The average financial advisor at Kutscher Benner Barsness & Stevens, Inc administers around 123 client accounts.
The firm's main office is at 705 Second Avenue, Suite 800, Seattle, Washington 98104. Kutscher Benner Barsness & Stevens, Inc is registered to provide services to customers across 4 states, including California, Texas, Washington and New Hampshire.
Assets Under Management
Number of Advisors
Kutscher Benner Barsness & Stevens, Inc by the Numbers
Products and Services
Kutscher Benner Barsness & Stevens, Inc offers a number of services, which can consist of financial planning services, portfolio management for individuals and small businesses, selection of other advisers and publication of newsletters. In the past fiscal year, Kutscher Benner Barsness & Stevens, Inc provided 101-250 of its accounts with financial planning services. It is not engaged in selling products or offering services apart from investment advisory services to its investment advisory clients. It also has a number of financial industry affiliations, including with a lawyer or law 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
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.
Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
Offered by 3% of firms
Publication of Periodicals
This is the publication of various financial education materials.
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This is the hosting of seminars or workshops to educate investors on financial concepts.
Fees charged by financial advisors typically vary depending on which services the firm provides the client. Fees billed by the company most likely are comprised of the following fee types: asset-based, hourly or fixed. The company does not participate in a wrap fee program, in which the company offers a service bundle for a single fee.
Offered by 69% of firms
Percentage of AssetsShow 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
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.
Offered by 32% of firms
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 1% of firms that offer this fee type
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
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
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 10% of firms that offer this fee type
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
It works with retail investors, high net worth investors, pension plans and charitable organizations. Out of its 740 clients, Kutscher Benner Barsness & Stevens, Inc's biggest client type is high net worth investors, although it also serves 107 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers reside abroad.
- High-Net-Worth Individuals* - 62.21%
- Other Individuals - 34.3%
- Corporations - 0.58%
- Charitable Organizations - 2.91%
* 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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Kutscher Benner Barsness & Stevens, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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