# Multnomah Group

Multnomah Group is an Asset Manager based in Portland, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Portland, United States
- **Region:** North America
- **Address:** Portland, OR, United States
- **Founded:** 2003
- **Assets under management:** Undisclosed
- **Website:** multnomahgroup.com
- **LinkedIn:** https://www.linkedin.com/company/multnomah-group-inc

## Regulatory record

- **CRD number:** 132131
- **SEC file number:** 801-64554
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/132131

## About

MULTNOMAH GROUP, INC. is an SEC-registered investment adviser in PORTLAND, OR, registered since 2005. The firm manages approximately $2.7 billion in regulatory assets. It has 21 employees and 16 investment advisers.

## Sectors

- Pension Consulting
- ERISA Advisory
- Fiduciary Management

## People

- Erik Daley — Founder and Chief Executive Officer

## Questions

### Does Multnomah Group act as a fiduciary under ERISA?

Yes. Multnomah Group explicitly accepts fiduciary status under ERISA sections 3(21) and 3(38). As a 3(38) fiduciary, the firm can take discretionary investment authority over plan assets — a higher standard than 3(21) advisory, because it removes the plan sponsor from the interim approval chain on investment changes.

### What types of retirement plans does Multnomah Group advise?

The firm consults across defined-contribution plans — including 401(k), 403(b) and governmental 457(b) plans — as well as defined-benefit plans. Multnomah's practice spans governance design, investment policy drafting, recordkeeper search and benchmarking, and ongoing performance monitoring.

### Who founded Multnomah Group and what was its original premise?

Erik Daley launched Multnomah Group in 2003 to offer plan sponsors a full fiduciary consulting option that was not attached to a broker-dealer or product-distribution platform. Daley remains the firm's CEO and principal voice on its published fiduciary-governance content.

### Does Multnomah Group sell any proprietary investment products?

No. The firm does not manufacture funds, offer model-allocation ETFs, or maintain a proprietary recordkeeping platform — a deliberate structural choice that removes conflicts of interest when selecting and monitoring plan investment lineups.

## Related profiles

- [Bleeck Financial Management](https://altss.com/profile/bleeck-financial-management-inc)
- [Main Street Financial Advisors](https://altss.com/profile/main-street-financial-advisors)

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Last updated: 2026-06-03T20:00:00.000Z

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