Columbia Advisory Partners provides financial planning, portfolio management for individuals and small businesses, and portfolio management for pooled vehicles. Financial planning was provided to 101–250 clients last fiscal year. The firm advises 2 private funds.
Columbia Advisory Partners reports 631 clients. They include 445 individual clients, 185 high-net-worth individuals and 1 pooled investment vehicle. Of its assets, 77.7% ($243M across 1,417 accounts) are managed with discretion; $69.6M across 405 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 71% | 36% |
| High-net-worth individuals | 29% | 59% |
| Pooled investment vehicles | <1% | 5% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 445 | $113M | 36.1% | $254K |
| High-net-worth individuals | 185 | $184M | 58.8% | $993K |
| Pooled investment vehicles | 1 | $16M | 5.1% | $16M |
| Total | 631 | $313M | 100% | $495K |
- Clients
- 445
- Regulatory AUM
- $113M
- AUM share
- 36.1%
- Avg. per client
- $254K
- Clients
- 185
- Regulatory AUM
- $184M
- AUM share
- 58.8%
- Avg. per client
- $993K
- Clients
- 1
- Regulatory AUM
- $16M
- AUM share
- 5.1%
- Avg. per client
- $16M
Total
- Clients
- 631
- Regulatory AUM
- $313M
- AUM share
- 100%
- Avg. per client
- $495K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 2
- Financial planning clients last fiscal year
- 101–250
Columbia Advisory Partners charges 0.15%–1.25% for its CAP Investment Management Program. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
| Asset band | Rate (period not stated) |
|---|---|
| $0–$500K | 1.25% |
| $500K–$1M | 1.00% |
| $1M–$2.5M | 0.85% |
| $2.5M–$5M | 0.75% |
| $5M–$10M | 0.50% |
| $10M–$25M | 0.25% |
| $25M and above | 0.15% |
Fee details and sources
Other fees
- Financial Planning and Consulting
- Billed hourly at $150 to $450 depending on the planner, with half of the estimated total due before work begins; never more than $1,200 six or more months in advance.
- Manager Marketplace
- Annual fee of up to 0.50% (50 basis points) of assets invested in a model, in addition to the investment management fee.
Columbia Advisory Group, LLC owns 50% to 75% of Columbia Advisory Partners and is in turn owned by Steven Larsen (75% or more). The leadership team of Columbia Advisory Partners includes President Keith Browning, Chief Investment Officer Jeremy Russell and Chief Financial Officer Kimberly Smith. It has 19 employees, 11 of them in advisory roles.
Leadership
- Keith BrowningPresident
- Kimberly SmithChief Financial Officer
- Paul FelschChief Compliance Officer
- Jeremy RussellChief Investment Officer
Investment adviser representatives
18 representatives listed in the SEC register as of 9 October 2026.
- Daniel Bennett
- John F Bevan
- Thomas Binge
- Tyson Samuel Blake
- David Browning
- Keith Browning
- Alex Foust
- Matthew David Foust
- Soracha Haley
- Kyle Thomas Knigge
- Steven T Larsen
- Susan Marie Marshall
- Tyson Michael Para
- Jeremy Daniel Russell
- Brian John Schafer
- Kimberly Patricia Smith
- Kenneth Thiefault III
- Joseph Patrick Thomas
Staff
- 19 employees
- 11 in advisory functions
- 15 state-registered reps
- 2 broker-dealer reps
- 5 insurance agents
- Owns 50% to 75% of Columbia Advisory Partners, LLC
Columbia Advisory Group, LLC
Control person · since October 2025
- Owns 75% or more of Columbia Advisory Group, LLC
Steven Larsen
Control person · since January 2021
- Owns 10% to 25% of Columbia Advisory Partners, LLC
R6, LLC
Control person · since October 2025
- Owns 75% or more of R6, LLC
Jeremy Russell
Control person · since April 2023
- Owns 10% to 25% of Columbia Advisory Partners, LLC
Agent Smith, LLC
Control person · since October 2025
- Owns 75% or more of Agent Smith, LLC
Kimberly Smith
Control person · since June 2023
Columbia Advisory Partners’ regulatory assets grew 2.0× from $160M (February 2021) to $313M (August 2026); clients rose from 410 to 631 and employees from 10 to 19.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $313M | 631 | 19 | 4 |
| March 2025 | $263M | 589 | 18 | 4 |
| April 2024 | $240M | 565 | 12 | 4 |
| March 2023 | $225M | 508 | 11 | 5 |
| July 2022 | $222M | 490 | 12 | 7 |
| February 2021 | $160M | 410 | 10 | 5 |
Besides its headquarters, Columbia Advisory Partners has 3 offices, with 4 listed addresses in Arizona, South Dakota and Washington.
Washington · 2 listed addresses
- 6501 N Cedar Road, Building 4, Suite C, SpokaneHQ
- 10115 N Newport Highway, Spokane
Arizona · 1 listed address
- 12608 W State Court, Glendale
South Dakota · 1 listed address
- 1320 S Dundee Drive, Sioux Falls
Contact and registration details
- Legal name
- Columbia Advisory Partners, LLC
- Headquarters
- 6501 N Cedar Road, Building 4, Suite C, Spokane, WA 99208
- Website
- capnorthwest.com
- Phone
- 509-822-3850
- SEC file
- 801-116703
- Structure
- Washington LLC
- Fiscal year end
- December
Columbia Advisory Partners uses Charles Schwab ($253M) as custodian for its separately managed accounts. Columbia Advisory Partners has custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $253M100%
At year end, Columbia Advisory Partners’ separately managed accounts were mostly in funds (75%) and stocks (20%). Its reported 13F holdings for the quarter ended 30 June 2026 total $181M across 111 positions; the largest are Wisdomtree TR (15.9%), Wisdomtree TR (12.1%) and J P Morgan Exchange Traded F (5.3%).
What the accounts hold
- Stocks20%
- Exchange-traded equities10%
- Non-exchange-traded equities10%
- Funds75%
- Cash3%
- Other2%
- Fixed income securities2%
Reported 13F holdings
- $181M
- Reported 13F value
- 111
- Positions
- 54.2%
- In the 10 largest
- +15.7%
- Value vs. prior quarter
- Wisdomtree TR · US Quality Grow15.9%
- Wisdomtree TR · US Qtly Div Grt12.1%
- J P Morgan Exchange Traded F · US Value Factr5.3%
- Innovator ETFS Trust · Laddered Alc Bfr4.1%
- Wisdomtree TR · US Value FD3.7%
- Invesco Exchange Traded FD T · S&P Mdcp Momntum3.0%
- iShares TR · MSCI USA Mmentm3.0%
- Wisdomtree TR · US S Cap Qty Div2.6%
- Innovator ETFS Trust · Laderd Alctn Pwr2.2%
- Wisdomtree TR · Dynamic Intl EQT2.2%
Together, the ten largest are 54.2% of reported value.
How many clients does Columbia Advisory Partners have?
Columbia Advisory Partners has 631 clients and manages $313 million for them, as of August 2026. They include 445 individual clients, 185 high-net-worth individuals and 1 pooled investment vehicle.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 21 August 2026
What services does Columbia Advisory Partners offer?
Columbia Advisory Partners provides financial planning, portfolio management for individuals and small businesses, and portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Columbia Advisory Partners charge?
Columbia Advisory Partners charges 0.15%–1.25% for its CAP Investment Management Program. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Source: ADV PART 2A COLUMBIA ADVISORY PARTNERS LLC AUGUST 2026, filed 21 August 2026
Which custodians does Columbia Advisory Partners use?
Columbia Advisory Partners’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $253M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 21 August 2026
How many financial advisors does Columbia Advisory Partners have?
Columbia Advisory Partners has 15 investment adviser representatives registered with state securities authorities, out of 19 employees, and 11 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 5 employees are 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 Columbia Advisory Partners invest in?
At the end of its last fiscal year, Columbia Advisory Partners’ separately managed accounts held 75% registered funds (mutual funds, ETFs, BDCs), 10% exchange-traded equities, 10% non-exchange-traded equities, 3% cash and equivalents and 2% other. The 2% other category is described as: Fixed Income Securities. It advises 2 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Columbia Advisory Partners?
Columbia Advisory Partners is owned through holding companies by Steven Larsen, Jeremy Russell and Kimberly Smith. Its direct owners are R6, LLC (10% to 25%), Agent Smith, LLC (10% to 25%) and Columbia Advisory Group, LLC (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 21 August 2026
How does Columbia Advisory Partners get paid?
Columbia Advisory Partners is paid through a percentage of assets under management, hourly charges and fixed fees. 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 Columbia Advisory Partners?
Columbia Advisory Partners’ main office is at 6501 N Cedar Road, Building 4, Suite C, Spokane, WA 99208. Its phone number is 509-822-3850. Its website is capnorthwest.com.