Demars Financial Group LLC (Spokane)


Demars Financial Group LLC is a large advisory firm based in Spokane. It manages $128.88 million of regulatory assets for 649 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alaska, Arizona, Idaho, and 4 other states.

Demars Financial Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Demars Financial Group: assets under management

The assets under management (AUM) of Demars Financial Group LLC is $128.88 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 2% since the beginning of its operation, and $687.81 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $128.88 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $198.58 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 59% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 23% of the firm’s portfolio. Investments in exchange traded securities form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Demars Financial Group LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Demars Financial Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Demars Financial Group is high net worth individuals with 58 clients and $69.89 million of assets under management. Among the 12 most similar advisory firms, Demars Financial Group has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $128.88 million for 353 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.

Demars Financial Group doesn't advise any private funds.

Careers at Demars Financial Group LLC

The company employs 6 people that are either part- or full-time employees. 17 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
David Theodore Demars Managing member/chief compliance officer 1 Feb 2015 75% - 100% 2903749

Based in Spokane

The principal office where Demars Financial Group LLC performs its advisory services is located at 104 S Freya Suite 218, Spokane, WA 99202, which is also the mailing address of the firm. An additional office of the firm is in Kenai, AK. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 509-536-9556 or by fax 509-232-6604. The normal business hours are 8:00am - 5pm on Monday - Friday. You can find more information about the New York firm at demarsfinancial.com.