Washington Capital Management Inc

CRD#105253
Investment Advisor Firm

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Learn more about Washington Capital Management Inc

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

    • Overview

    Washington Capital Management Inc operates as a financial advisor company headquartered in Seattle, Washington. It oversees $6.7 billion in assets throughout 245 accounts, making it one of the biggest financial advisory firms in the nation by assets under management (AUM). It has an average-sized group, including 43 financial advisors. Washington Capital Management Inc does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal investments like options, bonds and equities.

    Washington Capital Management Inc manages the majority of its accounts in a discretionary manner. Discretionary management means that transaction decisions are made by a portfolio manager without requiring the client's authorization. Washington Capital Management Inc also administers 12 non-discretionary accounts with a total of $621.8 million in assets. The investment advisory firm supervises an average of $27.4 million in assets for every account. An average advisor at Washington Capital Management Inc administers around six client accounts, placing it among the more personalized advisor firms in the country.

    Washington Capital Management Inc's headquarters is located at 1200 6Th Ave, Seattle, Washington 98101-3123. Washington Capital Management Inc is legally allowed to serve customers throughout a number of states, including Alaska, California, Colorado, Massachusetts, Nevada, Oregon, Pennsylvania and Washington.

    Assets Under Management

    $6.7 billion

    Number of Advisors

    43

    Disclosures

    No

    Office Location

    1200 6Th Ave
    Seattle, WA 98101-3123

    Washington Capital Management Inc by the Numbers

    Total Assets Under Management

    $6.7 billion

    National Average: $8.6 billion
    Total Number of Employees

    78

    National Average: 64
    Total Number of Accounts

    245

    National Average: 375,227
    Average Account Size

    $27.4 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial management fees largely vary depending on the financial services provided. However, fees billed by Washington Capital Management Inc may include any blend of the following fee types: asset-based, hourly, fixed, performance-based or other. The firm does not supply a wrap fee program, in which the company 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 26% of firms

      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.

    • 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.

    • Offered by 10% of firms

      Other

      Show Explanation

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

    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 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.

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    Types of Clients

    Washington Capital Management Inc works with a number of different customers. The firm provides services to retail investors, high net worth investors, pooled investment vehicles, pension plans and corporations. Out of its 245 accounts, Washington Capital Management Inc's largest client type is pension plans, although it also caters to 23 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 32.86%
    • Other Individuals - 10%
    • Corporations - 57.14%
    • Charitable Organizations - 0%

    * 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

    Washington Capital Management Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Washington Capital Management Inc

    Brian Welch
    Seattle, WA
    Thandi Clements
    Hermosa Beach, CA
    Julie Greenough
    Seattle, WA
    Robyn Grad
    Seattle, WA
    Paul Ravetta
    Seattle, WA
    Brian Canion
    Seattle, WA
    Michael Cheung
    Seattle, WA
    Michael Russell
    Seattle, WA

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