Northwest Asset Management

CRD#147923
Investment Advisor Firm

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Learn more about Northwest Asset Management

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Northwest Asset Management is an advisory firm that has its headquarters in Mercer Island, Washington. It has $3.2 billion in assets across 8,139 customer accounts, placing it among the biggest investment advisory firms in the United States by assets under management (AUM). The firm has an average-sized team, including 42 financial advisors. Northwest Asset Management does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer company to do so. Securities are tradable financial investments like options, bonds and stocks.

    Northwest Asset Management administers the majority of the company's accounts in a discretionary manner. Discretionary management is a structure in which transaction choices are made by a portfolio manager without needing the client's permission. Northwest Asset Management also oversees 2,370 non-discretionary accounts with a total of $941.4 million in assets under management. The advisory firm oversees about $397,189 in assets for every account. The average advisor at Northwest Asset Management administers about 194 client accounts.

    Northwest Asset Management’s main office is at 2835 82Nd Avenue Se, Mercer Island, Washington 98040. It is permitted to provide services to customers across 39 U.S. states and territories.

    Assets Under Management

    $3.2 billion

    Number of Advisors

    42

    Disclosures

    No

    Office Location

    2835 82Nd Avenue Se
    Mercer Island, WA 98040

    Northwest Asset Management by the Numbers

    Total Assets Under Management

    $3.2 billion

    National Average: $9.0 billion
    Total Number of Employees

    53

    National Average: 71,771
    Total Number of Accounts

    8,139

    National Average: 4,329
    Average Account Size

    $397.2 thousand

    National Average: $2.1 million

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    Products and Services

    Northwest Asset Management provides multiple services, which can consist of financial planning services, portfolio management for individuals and small businesses, pension consulting services and educational seminars. In the prior financial year, Northwest Asset Management provided 26-50 of its customers with financial planning services. Northwest Asset Management does sell products or offer services different than investment advice to its customers.

    Core Advisor Services

    • 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.

    • Offered by 47% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Find a firm that offers this service

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 7% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees charged by financial advisors typically vary depending on which services are provided. Fees billed by the firm most likely include any blend of the following fee types: asset-based, hourly or fixed. The company does participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

    Available

    • Offered by 70% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 33% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    It provides services to retail investors, high net worth investors, pension plans and charitable organizations. Out of its 8,139 accounts, Northwest Asset Management's biggest client by number of accounts is retail investors, although it also serves 811 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts reside abroad.

    • High-Net-Worth Individuals* - 27.5%
    • Other Individuals - 71.38%
    • Corporations - 0.92%
    • Charitable Organizations - 0.2%

    * 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

    Joseph Peters
    Mercer Island, WA
    Carolina Ortiz
    Mercer Island, WA
    Loren Deshon
    Mercer Island, WA
    Antriksh Kandhari
    Mercer Island, WA
    Matthew Loreen
    Mercer Island, WA
    Bradley Sayre
    Mercer Island, WA
    David Margolius
    Mercer Island, WA
    William Farrell
    Louisville, KY
    Mahum Prasad
    Mercer Island, WA

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    The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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