Seattle Northwest Asset Management, LLC (Seattle)
Seattle Northwest Asset Management, LLC is a large advisory firm based in Seattle. It manages $3.44 billion of regulatory assets for 2,276 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Seattle Northwest Asset Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Seattle Northwest Asset Management: assets under management
The assets under management (AUM) of Seattle Northwest Asset Management, LLC is $3.44 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 199% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in state and local bonds the most. They account for 58% of the total AUM. The second-largest asset type is government bonds, which make up 25% of the firm’s portfolio. Investments in investment grade corporate bonds form 15% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Seattle Northwest Asset Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Arthur Philip Steinmetz serves?
The firm provides services to charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, and state or municipal government entities. The largest group of clients of Arthur Philip Steinmetz is other investment advisers with 59 clients and $2.69 billion of assets under management. Among the 10 most similar advisory firms, Seattle Northwest Asset Management has the highest percentage of other investment advisers out of all clients.
The amount of regulatory assets under management is $3.43 billion for 439 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Seattle Northwest Asset Management doesn't advise any private funds.
Careers at Seattle Northwest Asset Management, LLC
The company employs 19 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Arthur Philip Steinmetz has been acting as President since 1 Apr 2017. Lisa Ann Cook joined the executive team most recently as the Chief Operating Officer.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 12 indirect owners.Based in Seattle
The principal office where Seattle Northwest Asset Management, LLC performs its advisory services is located at 2001 Sixth Ave., Seattle, WA 98121, which is also the mailing address of the firm. An additional office of the firm is in Portland, OR. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 1-866-769-2773 or by fax 206-343-2117. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at snwam.com.
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