During the first period of life, the greatest danger is not to take the risk. Once the risk has really been taken, the greatest danger is risking too much.”

— Søren Kierkegaard

How much should you be risking? The right answer begins with asking the right question. Start Up.

Start with the Schmidt Advantages

 

Copyright © 2006-2016, Schmidt Financial Group, Inc. is a Registered Investment Advisor Firm. Schmidt Financial Group, Inc. does not provide tax, accounting or legal advice.

The Schmidt Advantages

What would a practice custom-built for technology professionals look like?
We believe it would look precisely like this.

 

 

Copyright © 2006-2016, Schmidt Financial Group, Inc. is a Registered Investment Advisor Firm. Schmidt Financial Group, Inc. does not provide tax, accounting or legal advice.

Firm Roots

Glenda Schmidt established Schmidt Financial in 1993, after more than a decade at a Silicon Valley high tech company.  Realizing that most of the family wealth was linked to the equity of her and her husband’s employers, she knew they had to manage that risk and plan for the future.

With that in mind, they sought out a firm that could provide them with:

  • A background in managing concentrated equity positions effectively.
  • Experience and expertise across a broad range of planning areas – not just investments, but also proactive tax planning, insurance planning and estate planning.
  • An analytical, scientific approach to building a financial plan that would be their own playbook to financial freedom.
  • An advisor that made them feel as though they and their goals were important.
  • Periodic, face-to-face meetings that weren’t rushed or hurried, but took as much time as necessary to answer questions.
  • Objective advice that wasn’t biased towards specific funds or products.

Glenda was unable to find an advisor that met these goals. She also knew scores of young professionals in this same circumstance. Out of this dilemma, Schmidt Financial Group was born – an independent Registered Investment Adviser (RIA) firm geared toward high net-worth individuals and families looking for technology expertise, objective advice and customer service.

 

Copyright © 2006-2016, Schmidt Financial Group, Inc. is a Registered Investment Advisor Firm. Schmidt Financial Group, Inc. does not provide tax, accounting or legal advice.

Our Philosophy

Once a Millionaire, Stay a Millionaire.

Our philosophy is informed by our background in the technology space. In venture capital and at technology firms, we have seen myriad examples of significant paper wealth evaporating due to improper planning, or lack of expertise in quantifying and managing risk.

Having experienced concentration risk in our own portfolios, our advisors are well-versed in strategies to hedge this risk. Our goal is not to maximize expected return (which brings with it higher volatility), but rather to maximize the clients’ odds of reaching their goals. This focus on correlations, variability and outcomes stands in contrast to more product-oriented philosophies that fixate on backward-looking returns.

Effectively implementing this philosophy requires a unique skill-set, process and service offering:

  • An understanding of stock-option/RSU plans and the analytical skill to adequately account for their impact on portfolios.
  • A view across all client assets, not simply the portfolio we are managing, to ensure overall client risk levels are managed.
  • A statistically rigorous long-term planning model so we can adequately project the impact that various choices will have on the clients’ odds of reaching their goals.
  • An ability to incorporate tax and estate planning into the portfolio construction and monitoring process.

 

Copyright © 2006-2016, Schmidt Financial Group, Inc. is a Registered Investment Advisor Firm. Schmidt Financial Group, Inc. does not provide tax, accounting or legal advice.

Services

At Schmidt Financial Group, we believe our services should be defined not by what is easy or scalable – but by what is necessary in order to fully implement our philosophy for our clients. After all, that is why we built the business in the first place.

 

Copyright © 2006-2016, Schmidt Financial Group, Inc. is a Registered Investment Advisor Firm. Schmidt Financial Group, Inc. does not provide tax, accounting or legal advice.

Executive Team

Glenda S. Schmidt, MBA
President

Glenda founded the Washington Headquarters of Schmidt Financial Group, Inc. in 1993 after 20 years working in the technology space. She taught Successful Money Management seminars at Microsoft’s Redmond campus for a decade. Like her, Glenda’s clients are successful technology millionaires looking for an advisor who understands how to manage those attendant risks.

Glenda holds a Masters of Business Administration (MBA) degree. She has served on advisory boards of allied wealth management firms and has a long history of involvement in non-profit organizations in the Seattle area.

Ryan K. Schmidt, MBA
Managing Director

Ryan has been advising senior executives in the California high tech and biotech sectors since 2000. Prior to founding Schmidt Financial Group's California office, Ryan worked with Silicon Valley entrepreneurs as a venture capitalist. Through IPO and acquisition exits, Ryan witnessed first-hand the challenges that come with sudden and/or concentrated wealth events – and the importance of navigating those challenges intelligently.

Ryan holds Bachelor of Arts degrees in Economics and International Relations from Stanford University and a Masters of Business Administration (MBA) from the Stanford Graduate School of Business.

Ryan also held positions as a Product Manager at VMware and as a Trade Representative to Europe at the United States Trade Representative (USTR).

Ryan has coached youth baseball in the Palo Alto Little League and Babe Ruth programs since 1997.

Timothy D. Griffith
Vice President

Tim has over 25 years of investment consulting experience with a broad understanding of personal financial management and investment strategies. He joined Schmidt Financial Group in 2000 and, as a Pacific Northwest native, has worked with technology wealth throughout its growth in the region.

Tim has a B.A. in Business and Finance from University of Washington. He is board member of Seattle Arts and Lectures and an active volunteer with Habitat for Humanity and Special Olympics.

Evan T. Schmidt, CFP®
Vice President

Having experienced concentration risk in his own portfolio, Evan is uniquely qualified to advise executives and technology professionals with stock option wealth. He understands the unique challenges – emotional barriers, AMT risk, post IPO lockups, SEC Rule 10b5, etc. – and works with his clients to distill the complexity into clear and actionable financial plans.

Evan is a Certified Financial Planner™ and holds a Masters of Business Administration (MBA) from the Duke University Fuqua School of Business.

Evan has been an active volunteer as a mechanic, youth mentor, and leadership team member for the Auto Angels ministry since 2008.

 

Copyright © 2006-2016, Schmidt Financial Group, Inc. is a Registered Investment Advisor Firm. Schmidt Financial Group, Inc. does not provide tax, accounting or legal advice.

Contact Us

To schedule an introductory conversation with one of our advisors, or to ask a specific question, please call or contact us through the forms below.

Northwest Office
620 Kirkland Way, Suite 205
Kirkland, WA 98033
Phone 425-893-9195
Fax 425-893-9824
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Silicon Valley Office
715 Colorado Ave, Suite A
Palo Alto, CA 94303
Phone 650-272-6002
Fax 650-403-6003
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Copyright © 2006-2016, Schmidt Financial Group, Inc. is a Registered Investment Advisor Firm. Schmidt Financial Group, Inc. does not provide tax, accounting or legal advice.