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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 100m 1b

ORCA INVESTMENT MANAGEMENT, LLC

CRD 144377

LAKE OSWEGO, OR

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:b02e6031-6e07-c77b-35fc-c7ed766ac19b

Data as of May 1, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 10:54 PM UTC and rebuilt at most every 15 minutes.

Relationships: 15
Dated events: 5
On other graphs: 0
Observed: Mar 28, 2012 to May 1, 2026
34 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: independent wealth managerderivedprivate_client_share=0.97 fund_share=0.0 institutional_share=0.03 related_bd=true related_bank=false bd_reps=1.0
Regulatory AUM: $212MItem 5.F on the latest filing (2026-05-01); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $203M
Private client RAUM: $206MderivedItem 5.D individuals plus high net worth individuals
Private client share: 97%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 11
RAUM per advisor: $19.2Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 7
Advisory employees: 3
Offices: 1Schedule D 1.F, beyond the principal office
Accounts: 557
Individual clients: 321
High net worth clients: 38
Custody, client assets: $12.6M
SEC number: 801-68050
CIK: 1511229
CRD: 144377
Filings on the tape: 34
First filed: Mar 28, 2012
Latest filed: May 1, 2026
Organised: Limited Liability Company, OR
Website: orcaim.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
SHAWN PATRICK WILLARD	n/a	LAKE OSWEGO, OR	19	32	1	no
ROGER KEITH THOMAS	n/a	LAKE OSWEGO, OR	16	25	1	no
WILLIAM GEORGE BARHAM	n/a	LAKE OSWEGO, OR	13	44	1	no
Harry Lynn Striplin	n/a	Lake Oswego, OR	1	38	3	yes
NICOH RYAN ALDAY	n/a	Walnut Creek, CA	0	13	1	yes
David Allen Maisel	n/a	Portland, OR	0	38	1	yes
PETER RAYMOND FOGARTY	n/a	Walnut Creek, CA	0	37	3	yes
JOHN ANTHONY NOLE	n/a	LAKE OSWEGO, OR \| St. Petersburg, FL	0	39	6	yes
Nicholas Dimitri Lailas	n/a	New York, NY	0	14	2	yes
HEATHER HONEY Davis	n/a	Portland, OR	0	26	n/a	yes
CARL Van Bergen RYLANDER	n/a	Lake Mary, FL \| LAKE OSWEGO, OR	0	12	2	yes

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
PAULSON CAPITAL HOLDING COMPANY, LLC	Owner	E	yes	01/2024	Jan 2, 2024	May 14, 2024
WILLARD, SHAWN, PATRICK	MANAGER, CHIEF COMPLIANCE OFFICER	Na	yes	01/2024	Mar 28, 2012	May 14, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
PAULSON INVESTMENT COMPANY LLC	n/a	Former SEC adviser	$15.4M	N	yes	n/a
PAULSON GENERAL INSURANCE SERVICES, LLC	n/a	n/a	n/a	N	yes	n/a
PAULSON INVESTMENT ADVISORS, LLC	n/a	n/a	n/a	N	yes	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
LAKE OSWEGO	Or	United States	3	no

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line; showing 15 of 16

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 3, 2026	$212M	$203M	7	3	1	n/a	n/a
2024	Mar 11, 2025	$183M	$176M	7	3	1	n/a	n/a
2023	Mar 26, 2024	$162M	$161M	7	3	1	n/a	n/a
2022	Mar 23, 2023	$137M	$136M	7	3	1	n/a	n/a
2021	Mar 16, 2022	$173M	$171M	7	3	1	n/a	n/a
2020	Mar 12, 2021	$155M	$154M	7	3	1	n/a	n/a
2019	Mar 27, 2020	$152M	$151M	7	3	1	n/a	n/a
2018	Mar 27, 2019	$143M	$142M	8	4	1	n/a	n/a
2017	Mar 28, 2018	$189M	$189M	8	4	1	n/a	n/a
2016	Mar 17, 2017	$176M	$176M	8	4	n/a	n/a	n/a
2015	Mar 17, 2016	$200M	$195M	8	4	n/a	n/a	n/a
2014	Mar 20, 2015	$218M	$212M	9	5	n/a	n/a	n/a
2013	Mar 21, 2014	$221M	$215M	9	5	n/a	n/a	n/a
2012	Jan 22, 2013	$222M	$212M	6	4	n/a	n/a	n/a
2011	Mar 28, 2012	$113M	$98.2M	n/a	n/a	n/a	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
6	0	6	0.0%	1	0	0	7	0

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$212M	$183M	15.4%	$137M	15.5%	7	7	1	1

Teams in

teams that arrived here from one firm together

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
PAULSON INVESTMENT ADVISORS, LLC	4	Dec 31, 2024	Sep 9, 2026	PORTLAND, OR	Firm absorbed	Other	66.7%

Relationships

Registered with (12)

← CARL Van Bergen RYLANDERAdvisorregistration: current employment
Sep 9, 2026 to presentfactForm ADV
← HEATHER HONEY DavisAdvisorregistration: current employment
Aug 27, 2026 to presentfactForm ADV
← Nicholas Dimitri LailasAdvisorregistration: current employment
May 1, 2026 to presentfactForm ADV
← JOHN ANTHONY NOLEAdvisorregistration: current employment
Apr 8, 2026 to presentfactForm ADV
← PETER RAYMOND FOGARTYAdvisorregistration: current employment
Mar 20, 2026 to presentfactForm ADV
← David Allen MaiselAdvisorregistration: current employment
Mar 19, 2026 to presentfactForm ADV
← NICOH RYAN ALDAYAdvisorregistration: current employment
Mar 12, 2026 to presentfactForm ADV
← Harry Lynn StriplinAdvisorregistration: current employment
Jan 3, 2025 to presentfactForm ADV
← WILLIAM GEORGE BARHAMAdvisorregistration: current employment
Jan 7, 2013 to presentfactForm ADV
← ROGER KEITH THOMASAdvisorregistration: current employment
Aug 18, 2010 to presentfactForm ADV
← SHAWN PATRICK WILLARDAdvisorregistration: current employment
Jul 2, 2007 to presentfactForm ADV
← LI PING GUAYAdvisorregistration: previous registration
Aug 18, 2010 to Oct 5, 2011factForm ADV

Affiliated with (1)

→ PAULSON INVESTMENT COMPANY, LLCRegistered adviserbroker-dealer, common control
factForm ADV

Controls (2)

← WILLARD, SHAWN, PATRICKOwnerMANAGER, CHIEF COMPLIANCE OFFICER, ownership code NA, individual
Mar 28, 2012 to May 14, 2024factForm ADV
← PAULSON CAPITAL HOLDING COMPANY, LLCOwnerOWNER, ownership code E, domestic entity
Jan 2, 2024 to May 14, 2024factForm ADV

Dated events

1 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Dec 31, 2024
Firm absorbed
Paulson Investment Advisors, LLC's advisors moved to Orca Investment Management, LLC (Portland, OR): 3 of 6 registered, on the same day
Form ADVobserved 4 days ago
3 advisors
Occurred
Jan 2, 2024
Control person left
Sue Kimberly Friel (Member, Chief Compliance Officer) no longer on Schedule A of Orca Investment Management, Llc (listed 2023-03-23, absent 2024-01-02)
Form ADVobserved 4 days ago
Occurred
Jan 2, 2024
Control person left
Keith Roger Thomas (Member, Fixed Income Portfolio Manager) no longer on Schedule A of Orca Investment Management, Llc (listed 2023-03-23, absent 2024-01-02)
Form ADVobserved 4 days ago
Occurred
Jan 2, 2024
Control person left
George William Barham (Member, Senior Portfolio Manager) no longer on Schedule A of Orca Investment Management, Llc (listed 2023-03-23, absent 2024-01-02)
Form ADVobserved 4 days ago

Show 1 bookkeeping events

First seen by DFX
Sep 17, 2026
date not stated
Nicholas Lailas no longer holds an investment adviser registration (last listed at Orca Investment Management, Llc on the 2026-09-16 feed)

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:b02e6031-6e07-c77b-35fc-c7ed766ac19b
First observed: Mar 28, 2012
Last observed: May 1, 2026 4 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

ORCA INVESTMENT MANAGEMENT, LLC

CRD 144377

LAKE OSWEGO, OR

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:b02e6031-6e07-c77b-35fc-c7ed766ac19b

Data as of May 1, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 10:54 PM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

SHAWN PATRICK WILLARD

n/a

LAKE OSWEGO, OR

ROGER KEITH THOMAS

n/a

LAKE OSWEGO, OR

WILLIAM GEORGE BARHAM

n/a

LAKE OSWEGO, OR

Harry Lynn Striplin

n/a

Lake Oswego, OR

yes

NICOH RYAN ALDAY

n/a

Walnut Creek, CA

yes

David Allen Maisel

n/a

Portland, OR

yes

PETER RAYMOND FOGARTY

n/a

Walnut Creek, CA

yes

JOHN ANTHONY NOLE

n/a

LAKE OSWEGO, OR | St. Petersburg, FL

yes

Nicholas Dimitri Lailas

n/a

New York, NY

yes

HEATHER HONEY Davis

n/a

Portland, OR

n/a

yes

CARL Van Bergen RYLANDER

n/a

Lake Mary, FL | LAKE OSWEGO, OR

yes

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

PAULSON CAPITAL HOLDING COMPANY, LLC

Owner

yes

01/2024

Jan 2, 2024

May 14, 2024

WILLARD, SHAWN, PATRICK

MANAGER, CHIEF COMPLIANCE OFFICER

yes

01/2024

Mar 28, 2012

May 14, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

PAULSON INVESTMENT COMPANY LLC

n/a

Former SEC adviser

$15.4M

yes

n/a

PAULSON GENERAL INSURANCE SERVICES, LLC

n/a

yes

n/a

PAULSON INVESTMENT ADVISORS, LLC

n/a

yes

n/a

City

State

Country

Employees

Also broker-dealer

LAKE OSWEGO

United States

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 3, 2026

$212M

$203M

n/a

2024

Mar 11, 2025

$183M

$176M

n/a

2023

Mar 26, 2024

$162M

$161M

n/a

2022

Mar 23, 2023

$137M

$136M

n/a

2021

Mar 16, 2022

$173M

$171M

n/a

2020

Mar 12, 2021

$155M

$154M

n/a

2019

Mar 27, 2020

$152M

$151M

n/a

2018

Mar 27, 2019

$143M

$142M

n/a

2017

Mar 28, 2018

$189M

n/a

2016

Mar 17, 2017

$176M

n/a

2015

Mar 17, 2016

$200M

$195M

n/a

2014

Mar 20, 2015

$218M

$212M

n/a

2013

Mar 21, 2014

$221M

$215M

n/a

2012

Jan 22, 2013

$222M

$212M

n/a

2011

Mar 28, 2012

$113M

$98.2M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$212M

$183M

15.4%

$137M

15.5%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

PAULSON INVESTMENT ADVISORS, LLC

Dec 31, 2024

Sep 9, 2026

PORTLAND, OR

Firm absorbed

Other

66.7%