Cascadia Advisory Services, LLC (CAS), which sometimes goes by Cascadia Wealth Management, is a fee-based financial advisor that’s headquartered in Portland, Oregon. The firm has branches in McMinnville, Oregon; Sherwood, Oregon; Tillamook, Oregon; Danville, California; and southeastern Portland as well.
As is stated above, Cascadia Advisory Services lists alternate names in its SEC-filed Form ADV, the most notable of which is “Cascadia Wealth Management.” In fact, the firm’s website is based around this title. Despite all of this, the firm is registered with the SEC under the name Cascadia Advisory Services.
Cascadia Advisory Services Background
Cascadia Advisory Services opened in 2017. The firm’s trio of principal owners include president Doug Perry, managing principal Greg Bowen and chief financial officer Robert Biancardi. As a group, the firm’s staff averages around 18 years’ experience in financial services and investment advisory.
The firm boasts four accredited investment fiduciaries (AIFs), two certified financial planners (CFPs), one chartered retirement planning counselor (CRPC), one chartered financial consultant (ChFC), one certified divorce financial analyst (CDFA), one accredited asset management specialist (AAMS) and one certified wealth strategist (CWS).
Cascadia Advisory Services Client Types and Account Minimums
More than three-quarters of the clients at Cascadia Advisory Services are individuals. CAS also works with high-net-worth individuals, families, businesses, charitable organizations and pension and profit-sharing plans.
Cascadia Advisory Services does not require a minimum initial investment or a minimum account size.
Services Offered by Cascadia Advisory Services
Investment portfolio management is the premier service at Cascadia Advisory Services, though investment advice is available for anyone that wants a more informational approach. Finally, CAS offers financial planning and pension consulting. Take a look over the firm’s services below:
- Portfolio management
- Investment policy statement (IPS) creation
- Risk tolerance determination
- Asset allocation and selection
- Personalized investment strategies
- Regular portfolio monitoring
- Possible third-party investment advisor services
- Specific investment advice
- Mutual funds
- Fixed-income securities
- Real estate funds
- Exchange-traded funds (ETFs)
- Hedge funds
- Non-U.S. securities
- Financial planning
- Investment planning
- Retirement planning
- Legacy and estate planning
- Tax planning and minimization
- College fund planning
- Debt & credit planning
- Life insurance analysis
- Pension consulting
- Written pension consulting plan
- Investment objective identification
- Investment guidance for various asset classes
- Recommendations for money managers, custodians, administrators and broker-dealers
Cascadia has a wide range of educational resources on its website. Investing, personal finance, taxes, retirement and legacy considerations are just a few of the topics you can learn about.
Cascadia Advisory Services Investment Philosophy
Modern portfolio theory (MPT) is an investment ideology that is the backbone of many financial advisor firms, and Cascadia Advisory Services is one of them. This theory states that every portfolio needs a balance between risk and return potential. In layman’s terms, the less risk you can handle, the less return you’ll likely receive, and vice versa. CAS uses MPT regularly to ensure that its portfolios match clients’ needs as much as possible and that any increase in risk is commensurate with potential returns.
Because Cascadia attempts to personalize each investment plan it creates, the firm utilizes a plethora of different investment types. Some commons choices are mutual funds, stocks, fixed-income securities, real estate investment trusts (REITs), exchange-traded funds (ETFs), commodities, venture capital funds, annuities, hedge funds, non-U.S. securities and private placements.
Fees Under Cascadia Advisory Services
Clients looking for portfolio management from Cascadia Advisory Services will encounter a fairly normal fee schedule. The rate you receive is based on the percentages in the table below, but they are negotiable. The firm charges these fees both in advance and in arrears, though you will still be liable for third-party fees, such as custodian fees, commissions, transaction costs and more.
|Standard Portfolio Management Fees|
|Assets Under Management||Annual Fee|
|$0 - $250,000||1.95%|
|$250,001 - $500,000||1.85%|
|$500,001 - $1,000,000||1.75%|
|$1,000,001 - $2,000,000||1.65%|
|$2,000,001 and up||1.55%|
If you’d rather not worry about extraneous third-party fees, CAS offers its portfolio management service as a wrap fee program, meaning all associated costs are bundled into one rate. Aside from that, this fee schedule works exactly the same as its counterpart above.
Financial planning clients will pay some combination of hourly and fixed fees. The same goes for those subscribed to Cascadia’s pension consulting services, though these services also call for a 1.00% annual fee. All final rates will be disclosed to you in your advisory agreement with the firm.
|Financial Planning Fees|
|Financial Planning|| |
Check out the table below to see how Cascadia’s fees for its management services compare to those at similar financial advisor firms. Note that these fees are only estimates and actual costs may vary.
|*Fee estimates only consider the maximum base fees for the services each firm provides. You may also pay manager fees and other fees, which can vary in amount. **All figures are based on median fee levels according to Bob Veres' 2017 Planning Profession Fee Survey. The above estimates solely take into account AUM-only fees. Total costs will likely be higher due to additional expenses.|
|Estimated Fee Comparison*|
|Your Assets||Cascadia Advisory Services Portfolio Management Fees||National Median Advisory Fees**|
|$1MM||$18,250||$8,500 - $10,000|
|$5MM||$81,250||$25,000 - $32,500|
What to Watch Out For
Certain employees at Cascadia Advisory Services are insurance agents or registered representatives of a broker-dealer. When these individuals sell insurance products or investment securities, respectively, they may have the opportunity to earn compensation beyond Cascadia’s normal fees. Although the receipt of these possible payments causes a conflict of interest, the firm is a fiduciary. This duty legally binds CAS to act in its clients’ best interests, no matter what.
Cascadia Advisory Services has a clean legal and regulatory record with no disclosures.
Opening an Account With Cascadia Advisory Services
Each of Cascadia Advisory Services’ locations has its own phone number. They go as follows:
- Portland, OR: (503) 620-5236
- SE Portland, OR: (503) 943-6687
- McMinnville, OR: (503) 434-2757
- Sherwood, OR: (503) 882-3986
- Tillamook, OR: (503) 842-8213
- Danville, CA: (925)-885-6020
In addition to this, Cascadia’s website features a directory with contact information for each of its financial advisors. Should none of these routes prove satisfactory, you can also email the firm at firstname.lastname@example.org.
Tips to Up Your Investment Game
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