Martel Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, educational seminars, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 251–500 clients last fiscal year.
Martel Wealth Advisors reports 1,033 clients. They include 616 individual clients, 382 high-net-worth individuals, and 32 pension and profit-sharing plans. Of its assets, 84.2% ($1.23B across 2,755 accounts) are managed with discretion; $231M across 32 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 60% | 15% |
| High-net-worth individuals | 37% | 68% |
| Pension and profit-sharing plans | 3% | 16% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 616 | $223M | 15.3% | $362K |
| High-net-worth individuals | 382 | $996M | 68.2% | $2.61M |
| Pension and profit-sharing plans | 32 | $231M | 15.8% | $7.22M |
| Corporations and other businesses | 3 | $9.76M | 0.7% | $3.25M |
| Total | 1,033 | $1.46B | 100% | $1.41M |
- Clients
- 616
- Regulatory AUM
- $223M
- AUM share
- 15.3%
- Avg. per client
- $362K
- Clients
- 382
- Regulatory AUM
- $996M
- AUM share
- 68.2%
- Avg. per client
- $2.61M
- Clients
- 32
- Regulatory AUM
- $231M
- AUM share
- 15.8%
- Avg. per client
- $7.22M
- Clients
- 3
- Regulatory AUM
- $9.76M
- AUM share
- 0.7%
- Avg. per client
- $3.25M
Total
- Clients
- 1,033
- Regulatory AUM
- $1.46B
- AUM share
- 100%
- Avg. per client
- $1.41M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Martel Wealth Advisors is paid through a percentage of assets under management. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Aspen Standard Group, LLC owns 75% or more of Martel Wealth Advisors and is in turn owned by Aspen Standard Group Intermediate Co., LLC (75% or more). The leadership team of Martel Wealth Advisors includes President Mark Martel and Chief Compliance Officer Michele Madasz. It has 13 employees, 12 of them in advisory roles.
Leadership
- Mark MartelPresident/CEO
- Michele MadaszChief Compliance Officer
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
- Lloyd Grant Caudle
- Devin Jackson
- Michele Marie Madasz
- Jason Stephen Martel
- Mark Stephen Martel
- Ann Louise Moore
- Julie Dianne Scott
- Andrew Loughridge Strong MR
Staff
- 13 employees
- 12 in advisory functions
- 6 state-registered reps
- 1 insurance agent
- Owns 75% or more of Martel Wealth Advisors, LLC
Aspen Standard Group, LLC
Control person · since December 2025
- Owns 75% or more of Aspen Standard Group, LLC
Aspen Standard Group Intermediate Co., LLC
Control person · since July 2024
- Owns 75% or more of Aspen Standard Group Intermediate Co., LLC
Aspen Standard Group Topco LP
Control person · since August 2024
- Owns 75% or more of Aspen Standard Group Topco LP
Evergreen Services Group Topco II, LLC
Control person · since March 2025
- Owns 50% to 75% of Evergreen Services Group Topco II, LLC
Alpine Investors IX-A Splitter Eg II, LP
Control person · since March 2025
- Owns 75% or more of Alpine Investors IX-A Splitter Eg II, LP
Alpine Investors IX-A Blocker Eg II, LLC
Control person · since March 2025
- Owns 75% or more of Alpine Investors IX-A Blocker Eg II, LLC
Alpine Investors IX-A, LP
Control person · since March 2025
- Owns 25% to 50% of Evergreen Services Group Topco II, LLC
Alpine Invesors IX, LP
Control person · since March 2025
Martel Wealth Advisors’ regulatory assets grew 1.8× from $816M (March 2021) to $1.46B (January 2026); clients rose from 925 to 1,033 and employees from 9 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jan 2026January 2026 | $1.46B | 1,033 | 13 | 1 |
| Apr 2025April 2025 | $1.25B | 1,040 | 14 | 1 |
| Feb 2024February 2024 | $1.08B | 1,011 | 12 | 1 |
| Mar 2023March 2023 | $897M | 1,010 | 14 | 1 |
| Mar 2022March 2022 | $1.01B | 963 | 12 | 1 |
| Mar 2021March 2021 | $816M | 925 | 9 | 1 |
Besides its headquarters, Martel Wealth Advisors has 0 offices, with 1 listed address in 1 state.
Washington · 1 listed address
- 2001 Se Columbia River Drive, Ste 200, VancouverHQ
Contact and registration details
- Legal name
- Martel Wealth Advisors, LLC
- Headquarters
- 2001 Se Columbia River Drive, Ste 200, Vancouver, WA 98661
- Website
- martelwealthadvisors.com
- Phone
- 360-694-9940
- @martel-wealth-advisors-inc
- SEC file
- 801-113777
- Structure
- Washington LLC
- Fiscal year end
- December
Martel Wealth Advisors’ named custodians for separately managed accounts are Charles Schwab ($1.09B, 81%), SEI Investments Distribution ($133M, 10%) and Reliance Financial ($122M, 9%). Martel Wealth Advisors has custody of $776M for 918 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $1.09B81%
- SEI Investments DistributionSEI Investments Distribution Co. · Oaks, PA · $133M10%
- Reliance FinancialReliance Financial Corporation · Jacksonville, FL · $122M9%
At year end, Martel Wealth Advisors’ separately managed accounts were mostly in funds (94%). Its reported 13F holdings for the quarter ended 30 June 2026 total $636M across 61 positions; the largest are Vanguard Malvern Fds (20.3%), Vanguard Index Fds (19.7%) and Vanguard Whitehall Fds (18.6%).
What the accounts hold
- Stocks3%
- Funds94%
- Bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash3%
Reported 13F holdings
- $636M
- Reported 13F value
- 61
- Positions
- 86.0%
- In the 10 largest
- +8.2%
- Value vs. prior quarter
- Vanguard Malvern Fds · Core BD ETF20.3%
- Vanguard Index Fds · Growth ETF19.7%
- Vanguard Whitehall Fds · High Div Yld18.6%
- Vanguard BD Index Fds · Short Trm Bond12.2%
- iShares TR · Core MSCI Eafe3.9%
- Vanguard Specialized Funds · Div App ETF2.8%
- Schwab Strategic TR · US Lcap VA ETF2.6%
- Schwab Strategic TR · US Lcap GR ETF2.4%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt1.8%
- iShares TR · National Mun ETF1.8%
Together, the ten largest are 86.0% of reported value.
How many clients does Martel Wealth Advisors have?
Martel Wealth Advisors has 1,033 clients and manages $1.46 billion for them, as of January 2026. They include 616 individual clients, 382 high-net-worth individuals, and 32 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 January 2026
What services does Martel Wealth Advisors offer?
Martel Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, educational seminars, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does Martel Wealth Advisors use?
Martel Wealth Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $1.09B, SEI Investments Distribution Co. (Oaks, PA), with $133M and Reliance Financial Corporation (Jacksonville, FL), with $122M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 January 2026
How many financial advisors does Martel Wealth Advisors have?
Martel Wealth Advisors has 6 investment adviser representatives registered with state securities authorities, out of 13 employees, and 12 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Martel Wealth Advisors invest in?
At the end of its last fiscal year, Martel Wealth Advisors’ separately managed accounts held 94% registered funds (mutual funds, ETFs, BDCs), 3% exchange-traded equities, 3% cash and equivalents, 1% U.S. government and agency bonds, 1% state and local bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Martel Wealth Advisors?
Martel Wealth Advisors is owned through a chain of holding companies by Alpine Invesors IX, LP and Alpine Investors IX-A, LP. Its direct owner is Aspen Standard Group, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 28 January 2026
How does Martel Wealth Advisors get paid?
Martel Wealth Advisors 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 Martel Wealth Advisors?
Martel Wealth Advisors’ main office is at 2001 Se Columbia River Drive, Ste 200, Vancouver, WA 98661. Its phone number is 360-694-9940. Its website is martelwealthadvisors.com.