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 located at 2835 82Nd Avenue Se, Mercer Island, WA. The firm employs 48 financial advisors to manage client portfolios and provide financial guidance. Northwest Asset Management is not a registered broker-dealer.

    Northwest Asset Management oversees $3.3 billion in assets under management across 8,878 accounts, of which 5,928 are discretionary and 2,950 are non-discretionary. Over the past year, the firm has provided financial planning services to between 11 and 25 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, pension consulting services, educational seminars, and other services. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, and other types of investors, with retail investors being the largest client type by accounts. The fee structure at Northwest Asset Management includes asset-based, hourly, and fixed fees. The firm has 862 high net worth clients and maintains affiliations with an accountant or accounting firm, an insurance company or agency, and a real estate broker or dealer.

    Northwest Asset Management is registered in the states of Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.

    Assets Under Management

    $3.3 billion

    Number of Advisors

    48

    Disclosures

    No

    Office Location

    2835 82Nd Avenue Se
    Mercer Island, WA 98040

    Northwest Asset Management by the Numbers

    Total Assets Under Management

    $3.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    55

    National Average: 64
    Total Number of Accounts

    8,878

    National Average: 375,227
    Average Account Size

    $368.5 thousand

    National Average: $23.0 thousand
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    Products and Services

    Northwest Asset Management offers a number of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, pension consulting services, educational seminars, and other services. In the prior fiscal year, Northwest Asset Management provided financial planning services to 45621 of its clients. The Company is engaged in selling products or offering services aside from investment advice to its clients.

    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 46% 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.

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      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% 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 for financial advice typically vary depending on the type of services provided. Fees charged by Northwest Asset Management likely include any combination of the following fee structures: asset-based, hourly, or fixed. The company does participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

    Available

    • Offered by 69% 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 32% 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

    The firm does business with a broad range of customers. It works with retail investors, high net worth investors, pension plans, charitable organizations, and other. Out of its 5 clients, Northwest Asset Management's largest client type by number of accounts is high net worth investors, though it also serves 862 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of more than $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 32.7%
    • Other Individuals - 65.9%
    • Corporations - 0.95%
    • Charitable Organizations - 0.46%

    * 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

    Michael Van Sant
    Mercer Island, WA
    Mahum Prasad
    Mercer Island, WA
    Ryan Lindley
    Mercer Island, WA
    Sheila Noble
    Mercer Island, WA
    Brett Carlson
    Mercer Island, WA
    Braden Drook
    American Fork, UT
    Milan Mcmakin
    Mercer Island, WA
    Antriksh Kandhari
    Mercer Island, WA
    Douglass Mccrae
    Mercer Island, WA

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