{"url":"https://nivawealth.com/firms/portfolio-145687","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/145687","regulatoryAum":395456386,"crd":"145687","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"3039281","suffix":null,"lastName":"MUNSON","firstName":"LEE","middleName":"EUGENE"}],"total":1,"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":"2021-04-12","regulatoryAum":216282041,"clients":215,"employees":4,"offices":1},{"filedOn":"2022-01-14","regulatoryAum":284994743,"clients":240,"employees":3,"offices":1},{"filedOn":"2023-01-04","regulatoryAum":258187630,"clients":251,"employees":3,"offices":1},{"filedOn":"2024-02-14","regulatoryAum":304089680,"clients":266,"employees":3,"offices":1},{"filedOn":"2025-01-10","regulatoryAum":373189200,"clients":282,"employees":3,"offices":1},{"filedOn":"2026-01-07","regulatoryAum":395456386,"clients":283,"employees":3,"offices":1}],"secFileNumber":"801-68615","legalName":"Portfolio, 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BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1000578","versionId":1000578,"submittedOn":"2026-01-07"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":395456386}],"custodyNote":"Portfolio does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Lee Munson","title":"Managing Member & Chief Compliance Officer","crd":"3039281"}],"ownership":[{"label":"Lee Munson","detail":"Managing member & chief compliance officer in the 75% or more ownership band and a control person, since January 2008."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New Mexico","offices":1,"addresses":[{"street":"6100 Uptown BLVD Ne, Suite 540","city":"Albuquerque","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"505-884-3445","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Other"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":11},{"label":"U.S. government/agency bonds","percent":1},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":87},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"7 January 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/145687/PDF/145687.pdf","brochureDate":"7 January 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1000579","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 Portfolio have?","answer":"Portfolio has 283 clients and manages $395 million for them, as of January 2026. They include 189 individual clients and 94 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 7 January 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Portfolio offer?","answer":"Portfolio provides financial planning and portfolio management for individuals and small businesses.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Portfolio charge?","answer":"Portfolio charges 0.85%–1.50% a year for its Portfolio Private Client Wrap-Fee Program. The whole portfolio is charged at the rate of its band. The fee is billed in arrears, is negotiable and requires an account of at least $1,500,000.","source":"PORTFOLIO WEALTH ADVISORS WRAP FEE BROCHURE, filed 7 January 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Portfolio use?","answer":"Portfolio’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $395M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 7 January 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Portfolio have?","answer":"Portfolio has 1 investment adviser representative registered with state securities authorities, out of 3 employees, and 1 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Portfolio invest in?","answer":"At the end of its last fiscal year, Portfolio’s separately managed accounts held 87% registered funds (mutual funds, ETFs, BDCs), 11% exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local bonds, 1% investment grade corporate bonds and 1% 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":"Does Portfolio have a minimum investment?","answer":"Yes, Portfolio’s minimum account size for its Portfolio Private Client Wrap-Fee Program is $1.5M.","source":"PORTFOLIO WEALTH ADVISORS WRAP FEE BROCHURE, filed 7 January 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Portfolio?","answer":"Portfolio’s direct owner is Lee Munson (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 7 January 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Portfolio get paid?","answer":"Portfolio 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Portfolio?","answer":"Portfolio’s main office is at 6100 Uptown BLVD Ne, Suite 540, Albuquerque, NM 87110. Its phone number is 505-884-3445. Its website is portfoliollc.com.","source":"Form ADV Part 1A, Item 1.F, filed 7 January 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."}