{"url":"https://nivawealth.com/firms/m-financial-asset-management-136694","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/136694","regulatoryAum":1234631893,"crd":"136694","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6082927","suffix":null,"lastName":"ALWORDEN","firstName":"JAMIE","middleName":null},{"crd":"4197800","suffix":null,"lastName":"PERRY","firstName":"NATHAN","middleName":"ALLAN"},{"crd":"6316583","suffix":null,"lastName":"WENDLAND","firstName":"JOHN","middleName":"HOGAN"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-04-16","regulatoryAum":991161754,"clients":2441,"employees":4,"offices":1},{"filedOn":"2022-07-07","regulatoryAum":1216062980,"clients":2543,"employees":4,"offices":1},{"filedOn":"2023-06-26","regulatoryAum":1109239271,"clients":2572,"employees":5,"offices":1},{"filedOn":"2024-07-02","regulatoryAum":1298014846,"clients":1513,"employees":5,"offices":2},{"filedOn":"2025-03-28","regulatoryAum":1499627378,"clients":2305,"employees":5,"offices":2},{"filedOn":"2026-03-31","regulatoryAum":1234631893,"clients":1021,"employees":5,"offices":2}],"secFileNumber":"801-66320","legalName":"M Financial Asset Management, Inc.","displayName":"M Financial Asset Management","slug":"m-financial-asset-management-136694","website":"https://mfin.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"2006","organization":"Oregon corporation","fiscalYearEnd":"December","headquarters":{"street":"1125 NW Couch St, Ste 900","city":"Portland","state":"OR","stateName":"Oregon","country":"United States","postalCode":"97209"},"tradeNames":[],"registration":{"secApproved":"24 February 2006","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1179283.3025125628,"staff":{"employees":5,"advisory":4,"brokerDealerReps":3,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":1234631893,"discretionary":1234631893,"discretionaryAccounts":1998,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":385899587,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":960,"regulatoryAum":701480094},{"label":"High-net-worth individuals","clients":35,"regulatoryAum":471906792},{"label":"Pension and profit-sharing plans","clients":7,"regulatoryAum":8917929},{"label":"Charitable organizations","clients":2,"regulatoryAum":380807},{"label":"Corporations and other businesses","clients":17,"regulatoryAum":51946271}],"feePrograms":[{"role":"main","program":"Investment Management Services","feeBasis":"marginal","fee_tiers":[{"to":1000000,"pct":1.3,"from":0},{"to":3000000,"pct":1.25,"from":1000000},{"to":5000000,"pct":1.2,"from":3000000},{"to":10000000,"pct":1.1,"from":5000000},{"to":null,"pct":1.05,"from":10000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1037881","versionId":1037881,"ratePeriod":"not_stated","fee_billing":"arrears","submittedOn":"2026-03-31","documentName":"MFAM PART 2A FIRM BROCHURE","fee_rate_low":1.05,"fee_rate_high":1.3,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Model Management Services","summary":"Maximum fees are 1.22% on the first $1,000,000, 1.20% on the next $2,000,000 and 1.17% on the next $3,000,000; below $35,715 the fee is $25 plus 1.15%.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1037881","versionId":1037881,"submittedOn":"2026-03-31","documentName":"MFAM PART 2A FIRM BROCHURE"},{"role":"other","program":"MPP Wrap Program","summary":"Wrap fees vary by custodian but will not exceed 1.36% for accounts with at least $500,000, covering advice and trade execution in one fee.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1037881","versionId":1037881,"submittedOn":"2026-03-31","documentName":"MFAM PART 2A FIRM BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T04:37:18.907134+00:00","documents":[{"name":"MFAM PART 2A FIRM BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1037881","versionId":1037881,"submittedOn":"2026-03-31"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1037882","versionId":1037882,"submittedOn":null}]},"custodians":[{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":990164876},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":118478818}],"custodyNote":"M Financial Asset Management does not have custody of client assets.","leadership":[{"name":"Robert Olson","title":"President","crd":"2756842"},{"name":"Steven Charles Ludwig","title":"Chief Compliance Officer","crd":"2440911"},{"name":"Brittany Grambo","title":"Treasurer","crd":"7965126"},{"name":"David Lees","title":"Secretary","crd":"2082413"}],"ownership":[{"label":"M Financial Holdings Incorporated","detail":"Shareholder in the 75% or more ownership band and a control person, since June 2005."}],"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Oregon","offices":1,"addresses":[{"street":"1125 NW Couch St, Ste 900","city":"Portland","headquarters":true}]},{"state":"Texas","offices":1,"addresses":[{"street":"2699 Howell St.","city":"Dallas"}]}],"brochureServices":["retirement plan services"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"503-232-6960","stateRegisteredReps":4,"otherAdviserReps":3,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)","Publication of periodicals or newsletters","Educational seminars/workshops"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":25},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":70},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":0},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/136694/PDF/136694.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1037881","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does M Financial Asset Management have?","answer":"M Financial Asset Management has 1,021 clients and manages $1.23 billion for them, as of March 2026. They include 960 individual clients, 35 high-net-worth individuals, and 17 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does M Financial Asset Management offer?","answer":"M Financial Asset Management provides portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, publishing newsletters, educational seminars, and retirement plan services.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does M Financial Asset Management charge?","answer":"M Financial Asset Management charges 1.05%–1.30% for its Investment Management Services. 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":"MFAM PART 2A FIRM BROCHURE, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does M Financial Asset Management use?","answer":"M Financial Asset Management’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $990M and Charles Schwab & Co., Inc. (San Francisco, CA), with $118M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does M Financial Asset Management have?","answer":"M Financial Asset Management has 4 investment adviser representatives registered with state securities authorities, out of 5 employees, and 4 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 0 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does M Financial Asset Management invest in?","answer":"At the end of its last fiscal year, M Financial Asset Management’s separately managed accounts held 70% pooled vehicles (private funds and similar), 25% exchange-traded equities and 5% cash and equivalents.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns M Financial Asset Management?","answer":"M Financial Asset Management’s direct owner is M Financial Holdings Incorporated (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does M Financial Asset Management get paid?","answer":"M Financial 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is M Financial Asset Management registered with the SEC?","answer":"Yes, M Financial Asset Management has been registered with the SEC as an investment adviser since 24 February 2006. Its CRD number is 136694 and its SEC file number is 801-66320.","source":"Form ADV Part 1A, Item 1, filed 31 March 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact M Financial Asset Management?","answer":"M Financial Asset Management’s main office is at 1125 NW Couch St, Ste 900, Portland, OR 97209. Its phone number is 503-232-6960. Its website is mfin.com.","source":"Form ADV Part 1A, Item 1.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}