Northwest Asset Management
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Overview
Northwest Asset Management is a financial advisory company that has its headquarters in Mercer Island, Washington. Northwest Asset Management handles $3.0 billion in assets under management over 8,627 customer accounts, placing it among the biggest firms in the United States by assets under management (AUM). The company has an average-sized team, including 48 financial advisors. Northwest Asset Management does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are tradable financial assets like bonds, options and equities.
Northwest Asset Management administers 6,247 of the company's client assets in a discretionary manner. Discretionary management means that an investment advisor makes buy and sell choices for the client's account without requiring the client's approval. The firm also administers 2,380 non-discretionary accounts totaling $841.5 million in assets. The advisory firm manages roughly $350,924 for each client account. An average advisor at Northwest Asset Management oversees around 180 client accounts.
The firm's main office is at 2835 82Nd Avenue Se, Mercer Island, Washington 98040. The company is registered to provide services to customers across 39 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Northwest Asset Management by the Numbers
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/assets@2x.png)
$3.0 billion
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/employees@2x.png)
55
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/accounts@2x.png)
8,627
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/account-size@2x.png)
$350.9 thousand
Products and Services
Northwest Asset Management offers a number of services, which can consist of financial planning services, portfolio management for individuals and small businesses, pension consulting services and educational seminars. In the past fiscal year, Northwest Asset Management provided financial planning services to 26-50 of its clients. The company does sell products or offer services different than investment advice to its clients. Northwest Asset Management is affiliated with a number of other service providers in the financial services industry, including with an accountant or accounting firm, insurance company or agency and real estate broker or dealer.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial advisory services are based on the type of financial services provided. However, fee types charged by the company most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Northwest Asset Management.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Northwest Asset Management caters to retail investors, high net worth investors, pension plans and charitable organizations. Out of its 8,627 customers, Northwest Asset Management's biggest client group by number of accounts is retail investors, though it also manages money for 721 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 26.32%
- Other Individuals - 72.54%
- Corporations - 0.91%
- Charitable Organizations - 0.22%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Northwest Asset Management does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Northwest Asset Management
Mercer Island, WA
Chicago, IL
Mercer Island, WA
Mercer Island, WA
Mercer Island, WA
Mercer Island, WA
Mercer Island, WA
Mercer Island, WA
Mercer Island, WA
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