Talbot Financial provides portfolio management for individuals and small businesses.
Talbot Financial reports 269 clients. They include 250 high-net-worth individuals and 19 individual clients. Of its assets, 99.9% ($1.34B across 528 accounts) are managed with discretion; $809K across 2 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 7% | <1% |
| High-net-worth individuals | 93% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 19 | $4.62M | 0.3% | $243K |
| High-net-worth individuals | 250 | $1.34B | 99.7% | $5.34M |
| Total | 269 | $1.34B | 100% | $4.98M |
- Clients
- 19
- Regulatory AUM
- $4.62M
- AUM share
- 0.3%
- Avg. per client
- $243K
- Clients
- 250
- Regulatory AUM
- $1.34B
- AUM share
- 99.7%
- Avg. per client
- $5.34M
Total
- Clients
- 269
- Regulatory AUM
- $1.34B
- AUM share
- 100%
- Avg. per client
- $4.98M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Talbot Financial charges 0.50%–0.85% a year for its Asset management services. The fee is billed in arrears and is negotiable.
Fee details and sources
Randall Talbot owns 25% to 50% of Talbot Financial. The leadership team of Talbot Financial includes Chief Compliance Officer James Pirak. It has 3 employees, 2 of them in advisory roles.
Leadership
- James PirakChief Compliance Officer
- Randall TalbotManaging Member
- Thomas SwofferMember & CIO
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
- James Dwyer Pirak
- Thomas Michael Swoffer
Staff
- 3 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 25% to 50% of Talbot Financial, LLC
Randall Talbot
Control person · since August 2010
- Owns 25% to 50% of Talbot Financial, LLC
James Pirak
Control person · since June 2015
- Owns 10% to 25% of Talbot Financial, LLC
Thomas Swoffer
Control person · since January 2020
Talbot Financial’s regulatory assets grew 3.3× from $401M (March 2021) to $1.34B (March 2026); clients rose from 109 to 269 and employees were 3 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.34B | 269 | 3 | 1 |
| February 2025 | $937M | 263 | 3 | 1 |
| February 2024 | $748M | 198 | 3 | 1 |
| February 2023 | $521M | 146 | 3 | 1 |
| February 2022 | $647M | 133 | 3 | 1 |
| March 2021 | $401M | 109 | 3 | 1 |
Besides its headquarters, Talbot Financial has 0 offices, with 1 listed address in Washington.
Washington · 1 listed address
- 10500 Ne 8th Street, #1700, BellevueHQ
Contact and registration details
- Legal name
- Talbot Financial, LLC
- Headquarters
- 10500 Ne 8th Street, #1700, Bellevue, WA 98004
- Website
- talbotfinancial.com
- Phone
- 425-533-0797
- SEC file
- 801-71859
- Founded
- 2010
- Structure
- Washington LLC
- Fiscal year end
- December
Talbot Financial uses Charles Schwab ($1.34B) as custodian for its separately managed accounts. Talbot Financial has custody of $265K in client assets for 26 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $1.34B100%
At year end, Talbot Financial’s separately managed accounts were mostly in stocks (91%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.36B across 71 positions; the largest are Apple Inc. (9.2%), Applied Matls Inc. (7.5%) and Microsoft Corp. (7.4%).
What the accounts hold
- Stocks91%
- Funds7%
- Bonds1%
- Cash1%
Reported 13F holdings
- $1.36B
- Reported 13F value
- 71
- Positions
- 52.1%
- In the 10 largest
- +14.2%
- Value vs. prior quarter
- Apple Inc.9.2%
- Applied Matls Inc.7.5%
- Microsoft Corp.7.4%
- Alphabet Inc. · Cap Stk CL C5.6%
- Nvidia Corporation5.1%
- Amazon Com Inc.5.1%
- Goldman Sachs Group Inc.3.6%
- Eli Lilly & CO3.3%
- JPMORGAN Chase & CO2.7%
- Johnson & Johnson2.7%
Together, the ten largest are 52.1% of reported value.
How many clients does Talbot Financial have?
Talbot Financial has 269 clients and manages $1.34 billion for them, as of March 2026. They include 250 high-net-worth individuals and 19 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 2 March 2026
What services does Talbot Financial offer?
Talbot Financial provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Talbot Financial charge?
Talbot Financial charges 0.50%–0.85% a year for its Asset management services. The fee is billed in arrears and is negotiable.
Source: TALBOT FINANCIAL ADV PART 2A 02.17.2026, filed 2 March 2026
Which custodians does Talbot Financial use?
Talbot Financial’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $1.34B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 March 2026
How many financial advisors does Talbot Financial have?
Talbot Financial has 2 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 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 Talbot Financial invest in?
At the end of its last fiscal year, Talbot Financial’s separately managed accounts held 91% exchange-traded equities, 7% registered funds (mutual funds, ETFs, BDCs), 1% state and local 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
Who owns Talbot Financial?
Talbot Financial’s direct owners are Randall Talbot, James Pirak and Thomas Swoffer, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 2 March 2026
How does Talbot Financial get paid?
Talbot Financial 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
Is Talbot Financial registered with the SEC?
Yes, Talbot Financial has been registered with the SEC as an investment adviser since 21 October 2010. Its CRD number is 155162 and its SEC file number is 801-71859.
Source: Form ADV Part 1A, Item 1, filed 2 March 2026; IAPD firm record
How do I contact Talbot Financial?
Talbot Financial’s main office is at 10500 Ne 8th Street, #1700, Bellevue, WA 98004. Its phone number is 425-533-0797. Its website is talbotfinancial.com.