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Opal Advisors

Updated today

Client assets under management

$163,092,941

Clients

184

33% high-net worth

Advisors

5

of 6 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

37

Low

Average account size

$886,375

About

Opal Advisors is an SEC-registered investment adviser that provides portfolio management and integrated financial planning to individuals (including high-net-worth clients), trusts, estates, charitable organizations, and small businesses. The firm offers separately managed accounts, pension and profit-sharing consulting, and acts as general partner and investment manager for a private pooled vehicle that is currently closed to new investors.

The firm delivers personalized investment management and typically includes a financial plan for managed-account clients at no additional charge, and will engage third-party managers when appropriate. Its strategies encompass public equities, ETFs, options and direct or illiquid private investments; the firm’s private fund currently holds illiquid equity and debt positions that it intends to monetize over time.

Opal is notable among similar-sized team firms for sponsoring and managing a pooled investment vehicle that pays performance-based compensation and for providing portfolio management to that pooled vehicle. Firm principals also participate in real estate and lending businesses and are licensed in real estate; the brochure discloses these activities and related potential conflicts and describes policies and disclosures intended to address time-allocation and conflict-of-interest risks.

Client services

Financial planning Portfolio management Selection of other advisers Newsletters or periodicals

Expertise

Options & derivatives strategies Concentrated stock management Active portfolio management Private / alternative investments

Occupation focus

Founder/Business Owner

Fee options

Percentage

$0 - $500,000: 1.50% / Year $500,000.01 - $2,000,000: 1.25% / Year $2,000,000.01+: 1.00% / Year

Performance-based

25% of net profits above a 6% cumulative hurdle for qualified clients investing in Opal Sheppard fund.

Other

Fee-only: Standard management fees charged quarterly in advance; pension consulting fees up to 0.50% of plan assets paid quarterly in arrears; Opal Sheppard management fee 0.70% quarterly in arrears, plus 25% performance-based incentive allocation above 6% hurdle.

Main office location

Opal Advisors

3150 Richards Road, Suite 240

Bellevue WA 98005, United States

Number of offices

1

Most active in

California · Idaho · Oregon · Texas · Washington

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Justin Y

Series 65

Bellevue, WA

Opal Advisors

Justin Young is a financial advisor at Opal Advisors in Bellevue, WA. He holds a Series 65 designation and has been with Opal Advisors since 2025. Prior to his advisory role, he spent ten years at Flow Fitness. He is also the founder of Kahu LLC, a technology company based in Seattle, where he develops the business plan. Opal Advisors is an SEC-registered, fee-based investment adviser managing approximately $121.5 million for about 221 clients. The firm serves individuals, small businesses, and retirement plans, offering discretionary portfolio management, integrated financial planning, and pension consulting.

Options & derivatives strategies Concentrated stock management Active portfolio management Private / alternative investments Founder/Business Owner
user avatar

Sprague K

CFP®, Series 65

Bellevue, WA

Opal Advisors

Sprague Kolp is a CFP® with 13 years of industry experience and is currently an advisor at Opal Advisors. He was previously with Renaissance Wealth Counsel for 12 years. Opal Advisors is an SEC-registered, fee-based investment adviser managing approximately $121.5 million for individuals, small businesses, and retirement plans. The firm combines individualized financial planning, active portfolio management, and the use of third-party managers, with a focus on both liquid and illiquid equity positions through a private pooled vehicle.

Options & derivatives strategies Concentrated stock management Active portfolio management Private / alternative investments Founder/Business Owner
user avatar

Bao L

Series 65

Bellevue, WA

Opal Advisors

Bao Ly is a financial advisor at Opal Advisors with a Series 65 license and four years of industry experience. He has worked at Opal Advisors since 2017 and also holds a role as COO of Bellevue Funding through BF Management LLC, which makes opportunistic real estate loans. Mr. Ly is a licensed real estate broker and insurance agent, though he limits his involvement in these areas. Opal Advisors is an SEC-registered, fee-based investment adviser managing approximately $121.5 million for individuals, small businesses, and retirement plans. The firm offers discretionary portfolio management, integrated financial planning, and pension consulting, utilizing a combination of active security selection and third-party managers across a range of asset classes.

Options & derivatives strategies Concentrated stock management Active portfolio management Private / alternative investments Founder/Business Owner
user avatar

James H

Series 65

Bellevue, WA

Opal Advisors

James Hua is a financial advisor at Opal Advisors with 13 years of industry experience. He holds a Series 65 designation and has worked at firms including Emergent Capital, Inc. and Sheppard Wealth Management. Outside of advisory work, Mr. Hua co-founded Bellevue Funding LLC, a specialty finance company focused on hard money lending, where he serves as Portfolio Manager. Opal Advisors is an SEC-registered, fee-based investment adviser serving individuals, small businesses, and retirement plans. The firm offers discretionary portfolio management, integrated financial planning, and pension consulting, employing a process that includes active security selection and the use of third-party managers.

Options & derivatives strategies Concentrated stock management Active portfolio management Private / alternative investments Founder/Business Owner
user avatar

Christina H

Series 65

Bellevue, WA

Opal Advisors

Christina Hua is a financial advisor at Opal Advisors with a Series 65 credential. She joined the firm in 2024 after eight years at Amazon LLC. Hua is based in Bellevue, WA, and has recently started her career in financial advising. Opal Advisors is an SEC-registered, fee-based investment adviser managing approximately $121.5 million for individuals, small businesses, and retirement plans. The firm offers discretionary portfolio management, integrated financial planning, and pension consulting, utilizing a combination of active security selection and third-party managers.

Options & derivatives strategies Concentrated stock management Active portfolio management Private / alternative investments Founder/Business Owner
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