Private Advisory Group provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, insurance, tax planning, and tax preparation. Financial planning was provided to 500 clients last fiscal year.
Private Advisory Group reports 929 clients. They include 596 individual clients, 319 high-net-worth individuals, and 14 corporations and other businesses. Nearly all assets ($2.14B across 3,196 accounts) are managed with discretion; $984K across 21 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 64% | 15% |
| High-net-worth individuals | 34% | 83% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | 2% | 2% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 596 | $330M | 15.4% | $554K |
| High-net-worth individuals | 319 | $1.77B | 82.6% | $5.55M |
| Charitable organizations | Fewer than 5 | $401K | 0.0% | — |
| Corporations and other businesses | 14 | $43.2M | 2.0% | $3.09M |
| Total | 929 | $2.14B | 100% | — |
- Clients
- 596
- Regulatory AUM
- $330M
- AUM share
- 15.4%
- Avg. per client
- $554K
- Clients
- 319
- Regulatory AUM
- $1.77B
- AUM share
- 82.6%
- Avg. per client
- $5.55M
- Clients
- Fewer than 5
- Regulatory AUM
- $401K
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 14
- Regulatory AUM
- $43.2M
- AUM share
- 2.0%
- Avg. per client
- $3.09M
Total
- Clients
- 929
- Regulatory AUM
- $2.14B
- 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
- 500
Private Advisory Group is paid through a percentage of assets under management and performance-based fees. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- Asset Administration, Reporting and Technology
- Fee of 0.03% annually on all assets under management, charged monthly.
- Financial Planning
- Stand-alone financial planning costs range from $0 to $20,000, negotiated case by case and billed after delivery of the plan.
- Retainer Agreement Investment Management
- Fixed annual fee based on case complexity, negotiable, subject to a $20,000 minimum annual fee, billed quarterly in advance.
Bean Holdings LLC owns 75% or more of Private Advisory Group and is in turn owned by Douglas Bean (25–50%) and S Bean (25–50%). Matthew Chambers is CEO; the leadership team includes Chief Investment Officer Douglas Bean, Chief Operating Officer Katherine Ludeman and Chief Financial Officer S Bean. It has 31 employees, 12 of them in advisory roles.
Leadership
- Matthew ChambersChief Executive Officer
- S BeanElected Manager, Chief Financial Officer
- Katherine LudemanChief Operating Officer
- Jonathan BishoppChief Compliance Officer, Chief Risk Officer
- Douglas BeanElected Manager, Chief Investment Officer
Investment adviser representatives
18 representatives listed in the SEC register as of 9 October 2026.
- Parker Anderson
- Davis Reed Bean
- Douglas Reed Bean
- S Christopher Bean
- Angelina Petrovna Bulbotka
- Matthew Todd Chambers
- Amanda Desiree Dixon
- Tricia Eliason
- Joshua Michael Glenn
- Steven Todd Hillstead
- Wesley Ted Jensen
- Katherine Ann Ludeman
- Ngoc Thuy Vy Nguyen
- Eric Christopher Penz
- Adam Powell
- Stephen Wesley Reeves MR.
- McKenna Elyse Rice
- McKenna Paige Sheldon
Staff
- 31 employees
- 12 in advisory functions
- 16 state-registered reps
- 2 insurance agents
- Owns 75% or more of Private Advisory Group LLC
Bean Holdings LLC
Control person · since November 2013
- Owns 25% to 50% of Bean Holdings LLC
Douglas Bean
Control person · since November 2013
- Owns 25% to 50% of Bean Holdings LLC
S Bean
Control person · since November 2013
Private Advisory Group’s regulatory assets grew 4.5× from $477M (April 2021) to $2.14B (August 2026); clients rose from 341 to 929 and employees from 8 to 31. In 2015, Strategic Capital Group joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $2.14B | 929 | 31 | 2 |
| April 2025 | $1.32B | 601 | 26 | 2 |
| March 2024 | $900M | 513 | 18 | 2 |
| March 2023 | $642M | 457 | 16 | 2 |
| February 2022 | $687M | 400 | 14 | 2 |
| April 2021 | $477M | 341 | 8 | 2 |
Firms that joined
20151 joined
- Strategic Capital GroupNo filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, Private Advisory Group has 1 office, with 2 listed addresses in Utah and Washington.
Utah · 1 listed address
- 1557 W. Innovation Way, Lehi
Washington · 1 listed address
- 16880 Ne 79th Street, RedmondHQ
Contact and registration details
- Legal name
- Private Advisory Group LLC
- Headquarters
- 16880 Ne 79th Street, Redmond, WA 98052
- Website
- privateadvisory.com
- Phone
- 425-498-2320
- @privateadvisory
- SEC file
- 801-79100
- Founded
- 2013
- Structure
- Washington LLC
- Fiscal year end
- December
Private Advisory Group uses Charles Schwab ($2.11B) as custodian for its separately managed accounts. Private Advisory Group has custody of $3M in client assets for 247 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $2.11B100%
At year end, Private Advisory Group’s separately managed accounts were mostly in stocks (56%) and funds (27%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.85B across 296 positions; the largest are Nvidia Corporation (4.7%), Apple Inc. (4.4%) and Alphabet Inc. (3.7%).
What the accounts hold
- Stocks56%
- Funds27%
- Bonds14%
- Investment grade corporate bonds7%
- U.S. government and agency bonds6%
- State and local bonds1%
- Cash2%
- Other1%
- Derivatives1%
Reported 13F holdings
- $1.85B
- Reported 13F value
- 296
- Positions
- 29.7%
- In the 10 largest
- +21.6%
- Value vs. prior quarter
- Nvidia Corporation4.7%
- Apple Inc.4.4%
- Alphabet Inc. · Cap Stk CL C3.7%
- Invesco Qqq TR · Unit Ser 13.0%
- Amazon Com Inc.2.9%
- Microsoft Corp.2.7%
- Micron Technology Inc.2.3%
- iShares Inc. · MSCI Sth Kor ETF2.2%
- Intel Corp.2.0%
- Advanced Micro Devices Inc.2.0%
Together, the ten largest are 29.7% of reported value.
How many clients does Private Advisory Group have?
Private Advisory Group has 929 clients and manages $2.14 billion for them, as of August 2026. They include 596 individual clients, 319 high-net-worth individuals, and 14 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 18 August 2026
What services does Private Advisory Group offer?
Private Advisory Group provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, insurance, tax planning, and tax preparation.
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 Private Advisory Group use?
Private Advisory Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $2.11B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 18 August 2026
How many financial advisors does Private Advisory Group have?
Private Advisory Group has 16 investment adviser representatives registered with state securities authorities, out of 31 employees, and 12 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 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
What does Private Advisory Group invest in?
At the end of its last fiscal year, Private Advisory Group’s separately managed accounts held 56% exchange-traded equities, 27% registered funds (mutual funds, ETFs, BDCs), 7% investment grade corporate bonds, 6% U.S. government and agency bonds, 2% cash and equivalents, 1% state and local bonds and 1% derivatives.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Private Advisory Group?
Private Advisory Group is owned through a holding company by Douglas and S Bean. Its direct owner is Bean Holdings LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 18 August 2026
How does Private Advisory Group get paid?
Private Advisory Group is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Private Advisory Group registered with the SEC?
Yes, Private Advisory Group has been registered with the SEC as an investment adviser since 24 January 2014. Its CRD number is 170043 and its SEC file number is 801-79100.
Source: Form ADV Part 1A, Item 1, filed 18 August 2026; IAPD firm record
How do I contact Private Advisory Group?
Private Advisory Group’s main office is at 16880 Ne 79th Street, Redmond, WA 98052. Its phone number is 425-498-2320. Its website is privateadvisory.com.