Safeco Asset Management Company (Seattle)


Safeco Asset Management Company is a large advisory firm based in Seattle. It manages $4.43 billion of regulatory assets for 34 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Texas, Washington, and West Virginia.

Safeco Asset Management Company provides portfolio management for investment companies and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Safeco Asset Management Company: assets under management

The assets under management (AUM) of Safeco Asset Management Company is $4.43 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -26% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.43 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $130.37 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Safeco Asset Management Company for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Safeco Asset Management Company

Linda Corlett Mahaffey has been acting as President since 1 Aug 2004. Ronald Lee Spaulding has served as the Chief Investment Officer since 1 Jun 1982. Occum Acquisition Corporation joined the executive team most recently as the Owner.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Safeco Corporation (Nasdaq Safc) Owner 1 Jun 1973 75% - 100% 91-0742146
Stephen Conrad Bauer President and director 1 Aug 1981 Other 4351542
Ronald Lee Spaulding Chief investment officer 1 Jun 1982 Other 2583049
David Franklin Hill Director, senior vice president 1 Dec 1983 Other 1055841
David Homer Longhurst Vice president controller 1 Jul 2000 Other 2660326
Roger Floyd Harbin Director, senior vice president 1 Nov 2001 Other 2279776
Occum Acquisition Corporation Owner 1 Aug 2004 75% - 100% 20-0978027
Linda Corlett Mahaffey President 1 Aug 2004 Other 2533036
George Christopher Pagos Secretary 1 Aug 2004 Other 2230252
Julie Margaret Bodmer Assistant secretary 1 Aug 2004 Other 1801131
Colleen Mary Murphy Assistant secretary 1 Aug 2004 Other 4842602
Daniel Bryan Schaaf Assistant secretary 1 Aug 2004 Other 2617933
Jacqueline Marie Veneziani Assistant secretary 1 Aug 2004 Other 4191618
Michael Fintan Murphy Compliance officer 1 Aug 2004 Other 2907341

Based in Seattle

The principal office where Safeco Asset Management Company performs its advisory services is located at 601 Union Street, Seattle, WA 98101 4074 The mailing address of the firm is P.O. Box 34895, Seattle, WA 98124 1895. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 206-545-5743 or by fax 206-545-3446. The normal business hours are 8:00 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at www.safeco.com.