Baker Ellis Asset Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions. Financial planning was provided to 11–25 clients last fiscal year.
Baker Ellis Asset Management reports 343 clients. They include 196 individual clients, 138 high-net-worth individuals, and 7 corporations and other businesses. Of its assets, 100.0% ($1.05B across 343 accounts) are managed with discretion. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 57% | 10% |
| High-net-worth individuals | 40% | 87% |
| Charitable organizations | <1% | 1% |
| Corporations and other businesses | 2% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 196 | $105M | 10.1% | $538K |
| High-net-worth individuals | 138 | $913M | 87.2% | $6.62M |
| Charitable organizations | Fewer than 5 | $15.4M | 1.5% | $7.68M |
| Corporations and other businesses | 7 | $13.1M | 1.3% | $1.88M |
| Total | 343 | $1.05B | 100% | — |
- Clients
- 196
- Regulatory AUM
- $105M
- AUM share
- 10.1%
- Avg. per client
- $538K
- Clients
- 138
- Regulatory AUM
- $913M
- AUM share
- 87.2%
- Avg. per client
- $6.62M
- Clients
- Fewer than 5
- Regulatory AUM
- $15.4M
- AUM share
- 1.5%
- Avg. per client
- $7.68M
- Clients
- 7
- Regulatory AUM
- $13.1M
- AUM share
- 1.3%
- Avg. per client
- $1.88M
Total
- Clients
- 343
- Regulatory AUM
- $1.05B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Baker Ellis Asset Management charges up to 1.50% a year for its Asset Management Fee. The fee is billed in advance, is negotiable and requires an account of at least $1,000,000.
Fee details and sources
Barnes Ellis owns 50% to 75% of Baker Ellis Asset Management. It has 5 employees, 3 of them in advisory roles.
Leadership
- Patricia WatsonCCO, Head of Operations
- Barnes EllisMember
- Brian BakerMember
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- Brian Christian Baker
- Barnes Cleland Ellis
- John Beckley Groh SR
- Kathryn K McDonald
- Patricia Anne Watson
Staff
- 5 employees
- 3 in advisory functions
- 4 state-registered reps
- Owns 50% to 75% of Baker Ellis Asset Management LLC
Barnes Ellis
Control person · since January 2021
- Owns 50% to 75% of Baker Ellis Asset Management LLC
Brian Baker
Control person · since February 2002
Baker Ellis Asset Management’s regulatory assets grew 1.8× from $572M (February 2021) to $1.05B (August 2026); clients rose from 271 to 343 and employees fell from 7 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $1.05B | 343 | 5 | 1 |
| Mar 2025March 2025 | $874M | 349 | 5 | 1 |
| Feb 2024February 2024 | $792M | 328 | 5 | 1 |
| Mar 2023March 2023 | $751M | 319 | 7 | 1 |
| Apr 2022April 2022 | $751M | 294 | 8 | 1 |
| Feb 2021February 2021 | $572M | 271 | 7 | 2 |
Besides its headquarters, Baker Ellis Asset Management has 0 offices, with 1 listed address in 1 state.
Washington · 1 listed address
- 805 Broadway St., Suite 400, VancouverHQ
Contact and registration details
- Legal name
- Baker Ellis Asset Management LLC
- Headquarters
- 805 Broadway St., Suite 400, Vancouver, WA 98660
- Website
- bakerellisllc.com
- Phone
- 503-227-5778
- SEC file
- 801-61479
- Founded
- 2002
- Structure
- Oregon LLC
- Fiscal year end
- December
Baker Ellis Asset Management’s named custodian for separately managed accounts is Fidelity ($1.03B). Baker Ellis Asset Management has custody of $62.5M for 23 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $1.03B100%
At year end, Baker Ellis Asset Management’s separately managed accounts were largely in stocks (49%) and funds (45%). Its reported 13F holdings for the quarter ended 30 June 2026 total $964M across 265 positions; the largest are Vanguard Index Fds (8.4%), Lam Research Corp. (4.8%) and Sterling Infrastructure Inc. (4.2%).
What the accounts hold
- Stocks49%
- Exchange-traded equities48%
- Non-exchange-traded equities1%
- Funds45%
- Registered funds44%
- Pooled vehicles1%
- Bonds1%
- Cash5%
Reported 13F holdings
- $964M
- Reported 13F value
- 265
- Positions
- 35.2%
- In the 10 largest
- +14.4%
- Value vs. prior quarter
- Vanguard Index Fds · Total Stk Mkt8.4%
- Lam Research Corp.4.8%
- Sterling Infrastructure Inc.4.2%
- Berkshire Hathaway Inc. Del · CL B New3.8%
- Vanguard World FD · Inf Tech ETF3.1%
- Dimensional ETF Trust · Intl Small Cap V2.2%
- Microsoft Corp.2.2%
- Vanguard Index Fds · S&P 500 ETF Shs2.2%
- Vanguard Whitehall Fds · High Div Yld2.2%
- Goldman Sachs ETF TR · Activebeta Int2.0%
Together, the ten largest are 35.2% of reported value.
How many clients does Baker Ellis Asset Management have?
Baker Ellis Asset Management has 343 clients and manages $1.05 billion for them, as of August 2026. They include 196 individual clients, 138 high-net-worth individuals, and 7 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 11 August 2026
What services does Baker Ellis Asset Management offer?
Baker Ellis Asset Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Baker Ellis Asset Management charge?
Baker Ellis Asset Management charges up to 1.50% a year for its Asset Management Fee. The fee is billed in advance, is negotiable and requires an account of at least $1,000,000.
Which custodians does Baker Ellis Asset Management use?
Baker Ellis Asset Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $1.03B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 11 August 2026
How many financial advisors does Baker Ellis Asset Management have?
Baker Ellis Asset Management has 4 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Baker Ellis Asset Management invest in?
At the end of its last fiscal year, Baker Ellis Asset Management’s separately managed accounts held 48% exchange-traded equities, 44% registered funds (mutual funds, ETFs, BDCs), 5% cash and equivalents, 1% non-exchange-traded equities, 1% U.S. government and agency bonds and 1% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Baker Ellis Asset Management have a minimum investment?
Yes, Baker Ellis Asset Management’s minimum account size for its Asset Management Fee is $1M.
Who owns Baker Ellis Asset Management?
Baker Ellis Asset Management’s direct owners are Barnes Ellis (50% to 75%) and Brian Baker (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 11 August 2026
How does Baker Ellis Asset Management get paid?
Baker Ellis Asset Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Baker Ellis Asset Management?
Baker Ellis Asset Management’s main office is at 805 Broadway St., Suite 400, Vancouver, WA 98660. Its phone number is 503-227-5778. Its website is bakerellisllc.com.