Mengis Capital Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions.
Mengis Capital Management reports 300 clients. They include 133 individual clients, 130 high-net-worth individuals, and 20 corporations and other businesses. Of its assets, 95.0% ($858M across 725 accounts) are managed with discretion; $45.4M across 41 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 44% | 5% |
| High-net-worth individuals | 43% | 59% |
| Pension and profit-sharing plans | 1% | <1% |
| Charitable organizations | 5% | 8% |
| Corporations and other businesses | 7% | 28% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 133 | $42.1M | 4.7% | $317K |
| High-net-worth individuals | 130 | $535M | 59.2% | $4.12M |
| Pension and profit-sharing plans | Fewer than 5 | $2.86M | 0.3% | $952K |
| Charitable organizations | 14 | $72.4M | 8.0% | $5.17M |
| Corporations and other businesses | 20 | $251M | 27.8% | $12.5M |
| Total | 300 | $903M | 100% | — |
- Clients
- 133
- Regulatory AUM
- $42.1M
- AUM share
- 4.7%
- Avg. per client
- $317K
- Clients
- 130
- Regulatory AUM
- $535M
- AUM share
- 59.2%
- Avg. per client
- $4.12M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.86M
- AUM share
- 0.3%
- Avg. per client
- $952K
- Clients
- 14
- Regulatory AUM
- $72.4M
- AUM share
- 8.0%
- Avg. per client
- $5.17M
- Clients
- 20
- Regulatory AUM
- $251M
- AUM share
- 27.8%
- Avg. per client
- $12.5M
Total
- Clients
- 300
- Regulatory AUM
- $903M
- AUM share
- 100%
- Avg. per client
- —
- 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
- 0
Mengis Capital Management charges 0.30%–1.00% for its Investment Management. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Rate (period not stated) |
|---|---|
| $0–$2M | 1.00% |
| $2M–$5M | 0.85% |
| $5M–$10M | 0.70% |
| $10M–$30M | 0.50% |
| $30M and above | 0.30% |
Fee details and sources
Other fees
- Financial Planning
- Negotiated hourly rate, generally between $200 and $300 depending on complexity and credentials; 50% payable in advance.
Joseph Mengis owns 75% or more of Mengis Capital Management. The leadership team of Mengis Capital Management includes President Joseph Mengis and Chief Compliance Officer Cynthia Aschbacher. It has 7 employees, 6 of them in advisory roles.
Leadership
Joseph MengisPresident/Director
Cynthia AschbacherChief Compliance Officer/Portfolio MGR.- Martin BatsAssociate Advisor
Michael PattersonShareholder/Research & Portfolio MGR.
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 7 employees
- 6 in advisory functions
- 6 state-registered reps
- Owns 75% or more of Mengis Capital Management, Inc.
Joseph Mengis
Control person · since September 2001
- Owns 10% to 25% of Mengis Capital Management, Inc.
Michael Patterson
Control person · since January 2015
Mengis Capital Management’s regulatory assets grew 1.6× from $561M (March 2021) to $903M (July 2026); clients rose from 241 to 300 and employees from 6 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $903M | 300 | 7 | 1 |
| February 2025 | $899M | 274 | 7 | 1 |
| February 2024 | $819M | 307 | 7 | 1 |
| March 2023 | $692M | 266 | 6 | 1 |
| March 2022 | $703M | 251 | 6 | 1 |
| March 2021 | $561M | 241 | 6 | 1 |
Besides its headquarters, Mengis Capital Management has 0 offices, with 1 listed address in Oregon.
Oregon · 1 listed address
- One SW Columbia, Suite 780, PortlandHQ
Contact and registration details
- Legal name
- Mengis Capital Management, Inc.
- Headquarters
- One SW Columbia, Suite 780, Portland, OR 97204
- Website
- mengiscapital.com
- Phone
- 503-916-0776
- SEC file
- 801-60688
- Structure
- Oregon corporation
- Fiscal year end
- December
Mengis Capital Management uses Charles Schwab ($808M, 89%) and Fidelity ($95.5M, 11%) as custodians for its separately managed accounts. Mengis Capital Management has custody of $70M in client assets for 72 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $808M89%
- FidelityFidelity Brokerage Services LLC · Boston, MA · $95.5M11%
At year end, Mengis Capital Management’s separately managed accounts were mostly in stocks (69%) and bonds (24%). Its reported 13F holdings for the quarter ended 30 June 2026 total $658M across 218 positions; the largest are Apple Inc. (6.2%), Microsoft Corp. (4.0%) and Alphabet Inc.. Class C - Goog (3.4%).
What the accounts hold
- Stocks69%
- Bonds24%
- U.S. government and agency bonds16%
- Investment grade corporate bonds6%
- State and local bonds2%
- Cash4%
- Other1%
- Pipelines, commodities, preferred equities1%
Filed values cover 98%. The neutral 2% gap has no reported category.
Reported 13F holdings
- $658M
- Reported 13F value
- 218
- Positions
- 30.6%
- In the 10 largest
- +13.2%
- Value vs. prior quarter
- Apple Inc.6.2%
- Microsoft Corp.4.0%
- Alphabet Inc.. Class C - Goog3.4%
- Quanta Serv Inc.2.9%
- JPMORGAN Chase&co2.7%
- Deere & CO2.6%
- Chevron Corp.2.5%
- GS Intl Dvlpd ETF · FD2.1%
- Marvell Tech Inc.2.1%
- Ati Inc.2.1%
Together, the ten largest are 30.6% of reported value.
How many clients does Mengis Capital Management have?
Mengis Capital Management has 300 clients and manages $903 million for them, as of July 2026. They include 133 individual clients, 130 high-net-worth individuals, and 20 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 14 July 2026
What services does Mengis Capital Management offer?
Mengis Capital 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 Mengis Capital Management charge?
Mengis Capital Management charges 0.30%–1.00% for its Investment Management. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Which custodians does Mengis Capital Management use?
Mengis Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $808M and Fidelity Brokerage Services LLC (Boston, MA), with $95.5M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 July 2026
How many financial advisors does Mengis Capital Management have?
Mengis Capital Management has 6 investment adviser representatives registered with state securities authorities, out of 7 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 Mengis Capital Management invest in?
At the end of its last fiscal year, Mengis Capital Management’s separately managed accounts held 69% exchange-traded equities, 16% U.S. government and agency bonds, 6% investment grade corporate bonds, 4% cash and equivalents, 2% state and local bonds and 1% other. The 1% other category is described as: Pipelines, Commodities, Preferred Equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Mengis Capital Management?
Mengis Capital Management’s direct owners are Joseph Mengis (75% or more) and Michael Patterson (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 14 July 2026
How does Mengis Capital Management get paid?
Mengis Capital Management is paid through a percentage of assets under management and hourly charges. 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
Is Mengis Capital Management registered with the SEC?
Yes, Mengis Capital Management has been registered with the SEC as an investment adviser since 9 November 2001. Its CRD number is 117127 and its SEC file number is 801-60688.
Source: Form ADV Part 1A, Item 1, filed 14 July 2026; IAPD firm record
How do I contact Mengis Capital Management?
Mengis Capital Management’s main office is at One SW Columbia, Suite 780, Portland, OR 97204. Its phone number is 503-916-0776. Its website is mengiscapital.com.