Multnomah Group

What Multnomah Group does

Multnomah Group is a 100% fee-for-service investment advisory firm headquartered in Portland, Oregon, founded in 2003 and registered with the SEC as a Registered Investment Adviser (CRD 132131). The firm provides retirement plan consulting to plan sponsors across for-profit, tax-exempt, public sector, and higher education segments, covering 401(k), 403(b), 457(b), and 401(a) plans through four integrated service modules: Fiduciary Governance, Plan Operations, Investment Advisory, and Provider Oversight. It also operates a Personal Financial Planning practice for individuals and families with a $300,000 account minimum, offering discretionary investment management and financial planning supported by a client portal.

The firm has no proprietary technology products; its core capability is human-led fiduciary advisory based on fundamental research, supported by an extensive content library (white papers, case studies, webinars, FAQs, and specialized toolkits such as the Recordkeeping RFP Toolkit and Target Date Fund Toolkit) and a multi-level Fiduciary Training Program. The technology stack is consumer-facing only at the edge (a client portal for personal advisory clients and HubSpot for marketing), with no disclosed APIs, SDKs, mobile applications, or AI capabilities. Operations rely on partnerships with law firms (Davis Wright Tremaine, Stoel Rives, Littler), an accounting firm (Moss Adams), and Charles Schwab for custody.

Multnomah Group generates revenue through fee-for-service engagements with plan sponsors and AUM-based or flat-fee arrangements with personal advisory clients, billed quarterly in advance on AUM or annually on flat-fee engagements. The firm operates without shareholders or proprietary product revenue, and its 11-50 employee headcount is organized around roughly eight principals led by Managing Principal Erik Daley and CIO/co-founder Scott Cameron. Geographic footprint is United States only, with no disclosed international or remote-delivery expansion.

Name

Multnomah Group

Legal name

Multnomah Group, Inc.

Website

https://multnomahgroup.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Multnomah Group is a Portland-based, fee-only SEC-registered investment advisory firm providing fiduciary retirement plan consulting to employers and personal financial planning to individuals and families, with no proprietary products or shareholders.

Ownership category

akta.pro rank

Product category

Retirement Plan Consulting

NAICS

Portfolio Management and Investment Advice (523940), Trust, Fiduciary, and Custody Activities (523991), Trusts, Estates, and Agency Accounts (52592)

SIC

Investment Advice (6282), Services-Management Consulting Services (8742)

akta.pro primary industry

Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)

akta.pro secondary industries

Personal Trust & Fiduciary Administration (FSAEAKAA), Employee Benefit & Retirement Plan Trust Services (FSAAANAC)

Keywords

• Retirement plan consulting
• Investment advisory services
• Fiduciary governance
• Financial planning services
• Fee benchmarking

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fee-for-Service Consulting: Multnomah Group operates as a 100% fee-for-service consulting firm with no shareholders and no conflicts from product sales or proprietary investments.
2. Asset-Based Advisory Fees: For personal financial planning and discretionary investment management clients, fees are charged based on a percentage of Assets Under Management (AUM), billed quarterly in advance based on the market value of the account at the end of the quarter.
3. Flat Fee Advisory: For non-discretionary clients and certain arrangements, flat fees are charged as described in individual investment advisory agreements.
4. Employer-Sponsored Plan Services: Services provided to participants in employer-sponsored retirement plans are included in the service agreement between Multnomah Group and the employer. Participants do not incur any specific fees for utilizing the services available to them.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Multnomah Group is a 100% fee-for-service investment advisory and consulting firm that helps plan sponsors create and maintain world-class employer-sponsored retirement plans (401(k), 403(b), 457(b), and 401(a)). Its core retirement plan consulting spans four integrated modules: fiduciary governance, plan operations, investment advisory, and provider oversight. The firm also offers personal financial planning and discretionary investment management for individuals and families, supplemented by an extensive library of fiduciary training, white papers, webinars, and toolkits.

Product overview

Multnomah Group is a 100% fee-for-service investment advisory firm offering a unified platform of retirement plan consulting and personal financial planning services. The core Retirement Plan Consulting service encompasses four integrated modules: Fiduciary Governance, Plan Operations, Investment Advisory, and Provider Oversight. Personal Financial Planning provides advisory services for individuals with a client portal. The firm supplements its consulting offerings with an extensive library of educational resources including White Papers, Case Studies, FAQ documents, Webinars, and specialized Toolkits (Recordkeeping RFP Toolkit, Target Date Fund Toolkit) covering topics from fiduciary governance to fee benchmarking and regulatory compliance. All services are delivered through a practical, client-focused approach without proprietary products.

Differentiator

Problem solved

Functional benefit

Products and services

• Retirement Plan Consulting Core consulting engagement for employer-sponsored retirement plan sponsors covering fiduciary governance, plan operations compliance, investment advisory based on fundamental research, and provider selection/monitoring for 401(k), 403(b), 457(b), and 401(a) plans.
• Personal Financial Planning Discretionary investment management and comprehensive financial planning for individuals and families, including retirement planning, social security planning, debt management, budgeting, and cash flow planning, supported by a client portal.

Quantifiable outcome

• Annual fiduciary program focusing on fiduciary requirements for investment oversight, vendor and plan management, and plan governance

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor.

• Davis Wright TremaineminorImplementation/ SI/ Consulting PartnerJoint webinar partnership with Davis Wright Tremaine law firm to guide plan sponsors through retirement plan service agreements, covering contract law basics, ERISA considerations, pre-contract preparation, and contract review techniques.
• Stoel RivesminorImplementation/ SI/ Consulting PartnerJoint presentation on ERISA Cybersecurity with Stoel Rives attorneys, covering common cybersecurity threats, DOL guidance, examinations, and fiduciary responsibilities for retirement plan data security.
• Moss AdamsminorImplementation/ SI/ Consulting PartnerJoint webinar on retirement plan risk in the not-for-profit sector with Moss Adams, covering board structures, governance, current risks, opportunities, and best practices for managing retirement benefits.
• LittlerminorImplementation/ SI/ Consulting PartnerJoint webinar on DOL retirement plan audits with Littler ERISA attorneys, presenting examination processes, regulatory guidance, and practical preparation for plan sponsors.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Direct peers

• CAPTRUST: One of the largest U.S. fee-based retirement plan and institutional investment advisors; competes directly with Multnomah Group for tax-exempt, corporate, and government plan sponsor advisory engagements with very similar fiduciary-first positioning.
• SageView Advisory Group: Specialist retirement plan consulting and wealth management firm serving mid- and large-market plan sponsors; overlaps almost exactly with Multnomah's employer plan and personal advisory segments.
• Fiducient Advisors: Independent, fee-only investment consulting firm providing retirement plan advisory, OCIO, and family office services to institutional and individual clients; closest direct analogue to Multnomah's fee-for-service model.
• Meketa Investment Group: Investment consulting firm focused on institutional retirement plans, endowments, and foundations; competes with Multnomah on tax-exempt and government plan RFPs with similarly rigorous fiduciary governance.
• Pavilion Advisory Group: Independent, fee-only retirement plan consulting firm serving mid- and large-market plan sponsors across 401(k), 403(b), and 457(b) plans — direct match to Multnomah's core retirement plan consulting practice.
• Verisight Partners: Fee-only retirement plan advisory firm serving plan sponsors across multiple plan types; comparable scale and service scope to Multnomah Group's consulting practice.

Broad incumbents

• Mercer: Global consulting firm with a large U.S. retirement and investment consulting practice that competes with Multnomah for mid- and large-market plan sponsor engagements as part of a broader HR/benefits portfolio.
• Aon: Global professional services firm whose Retirement Solutions practice competes with Multnomah on plan sponsor advisory RFPs from its much broader enterprise risk and consulting platform.
• Empower: Large U.S. retirement plan recordkeeper/administrator that increasingly bundles fiduciary advisory into its platform, competing with independent consultants like Multnomah through bundled service offerings.

Others

• Schwab Retirement Plan Services: Major retirement plan recordkeeper and custody provider that is both Multnomah's recommended custodian (per soft-dollar arrangement) and a competitor in bundled fiduciary/advisory services for plan sponsors.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/multnomah-group
• Xx.com/multnomahgroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Multnomah Group