Runde & Co. LLC (Seattle)

Name: Runde & Co. LLC
Address: 1001 Fourth Avenue Plaza, Seattle, WA, 98154
Telephone: 206-323-2255

Runde & Co. LLC is a large advisory firm based in Seattle. It manages $154 million of regulatory assets for 157 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Washington.

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

Runde &: assets under management

The assets under management (AUM) of Runde & Co. LLC is $154 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 243% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $154 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $980.89 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 81% of the total AUM. The second-largest asset type is investment and business development companies, which make up 9% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Runde & Co. 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 Runde & serves?

The firm provides services to charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Runde & is high net worth individuals with 53 clients and $124.7 million of assets under management. Among the 8 most similar advisory firms, Runde & has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $153.1 million for 62 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.

Runde & doesn't advise any private funds.

Careers at Runde & Co. LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Elizabeth Gilbertanderson Runde	Managing member	1 Nov 1992	50% - 75%	2319412
Kevin Casey Runde	Managing member	1 Nov 1992	25% - 50%	1363779
Elizabeth Gilbert Anderson Runde	President/chief compliance officer	1 Nov 1992	50% - 75%	xxx-xx-xxxx
Xiaoxi Tang	Chief compliance officer	1 Mar 2011	Other	5903299

Based in Seattle

The principal office where Runde & Co. LLC performs its advisory services is located at 1001 Fourth Avenue Plaza, Seattle, WA 98154, 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 206-323-2255 or by fax 206-624-0860. The normal business hours are 8:00-4:00 on Monday - Friday. You can find more information about the New York firm at rundeinvestmentmanagement.com.