Clients
Government Portfolio Advisors serves 73 clients. The average client has about $481 million with the firm.
- State or municipal government entities73 clients100%
- High-net-worth individuals0%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | Not reported | $20,137,003 | 0.1% | — |
| State or municipal government entities | 73 | $35,065,714,428 | 99.9% | $480.4M |
| Total | 73 | $35,085,851,431 | 100% | $480.6M |
- Clients
- Not reported
- Regulatory AUM
- $20,137,003
- Share
- 0.1%
- Avg. per client
- —
- Clients
- 73
- Regulatory AUM
- $35,065,714,428
- Share
- 99.9%
- Avg. per client
- $480.4M
Total
- Clients
- 73
- Regulatory AUM
- $35,085,851,431
- Share
- 100%
- Avg. per client
- $480.6M
What it does
Government Portfolio Advisors provides portfolio management for individuals and small businesses and portfolio management for institutions. It is paid through a percentage of assets, hourly charges and fixed fees.
Government Portfolio Advisors advises no private funds.
3.7% of assets ($1.31B across 8 accounts) are managed with discretion; $33.77B across 68 accounts are not. 0% of clients are outside the U.S., and 4 clients received advice without assets under management last fiscal year.
What the accounts hold
The filed percentages total 101%. The values below are shown as filed.
- Exchange-traded equity securities
- 2%
- U.S. government/agency bonds
- 71%
- U.S. state and local bonds
- 1%
- Investment grade corporate bonds
- 6%
- Securities issued by registered investment companies or business development companies
- 4%
- Securities issued by pooled investment vehicles (other than registered investment companies)
- 14%
- Cash and cash equivalents
- 3%
Custodians
Government Portfolio Advisors’ client accounts are held mainly at Principal Securities, with 36% of managed assets, and U.S. Bank, with 26%. Government Portfolio Advisors does not have custody of client assets.
- Principal SecuritiesPrincipal Securities, Inc. · San Francisco, CA · $12.63B36%
- U.S. BankU.S. Bank · Minneapolis, MN · $9.21B26%
- Zions BankZions Bank · Salt Lake City, UT · $4.25B12%
- All other custodians$9.01B26%
Ownership and leadership
Deanne Woodring owns 50% to 75% of Government Portfolio Advisors.
- Owns 50% to 75% of Government Portfolio Advisors LLC
Deanne Woodring
Control person · since January 2014
- Owns 10% to 25% of Government Portfolio Advisors LLC
Mitchell Henke
Control person · since January 2024
- Owns 5% to 10% of Government Portfolio Advisors LLC
Michael Clark
since September 2015
Leadership
- Deanne WoodringPresident, Chief Investment Officer & Managing Member
- Mitchell HenkeChief Compliance Officer, Chief Operating Officer
- Michael ClarkOwner, Director of Portfolio Management and Operations
Staff
- 11 employees
- 6 in advisory functions
- 6 state-registered reps
Fees
Government Portfolio Advisors is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees).
Government Portfolio Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Government Portfolio Advisors has 0 offices, with 1 listed address in 1 state.
Oregon · 1 listed address
- 6650 SW Redwood Lane, Suite 315, PortlandHQ
Registration details
- Legal name
- Government Portfolio Advisors LLC
- Headquarters
- 6650 SW Redwood Lane, Suite 315, Portland, OR 97224
- Phone
- 503-248-9973
- Website
- Not reported
- SEC file
- 801-79184
- Structure
- Oregon LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Government Portfolio Advisors have?
Government Portfolio Advisors has 73 clients and manages $35.1 billion for them, as of August 2026.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 August 2026
What services does Government Portfolio Advisors offer?
Government Portfolio Advisors provides 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
Which custodians does Government Portfolio Advisors use?
Government Portfolio Advisors’ separately managed account assets are held at Principal Securities, Inc. (San Francisco, CA), with $12,625,463,379, U.S. Bank (Minneapolis, MN), with $9,206,339,246 and Zions Bank (Salt Lake City, UT), with $4,248,478,175. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 August 2026
How many financial advisors does Government Portfolio Advisors have?
Government Portfolio Advisors has 6 investment adviser representatives registered with state securities authorities, out of 11 employees, and 6 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 Government Portfolio Advisors invest in?
At the end of its last fiscal year, Government Portfolio Advisors’ separately managed accounts held 71% U.S. government and agency bonds, 14% pooled vehicles (private funds and similar), 6% investment grade corporate bonds, 4% registered funds (mutual funds, ETFs, BDCs), 3% cash and equivalents, 2% exchange-traded equities and 1% state and local bonds. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Government Portfolio Advisors?
Government Portfolio Advisors’ direct owners are Deanne Woodring (50% to 75%), Michael Clark (5% to 10%) and Mitchell Henke (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 17 August 2026
How does Government Portfolio Advisors get paid?
Government Portfolio Advisors 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