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Seattle Northwest Asset Management, LLC (Seattle)


Seattle Northwest Asset Management, LLC is a large advisory firm based in Seattle. It manages $3.44 billion of regulatory assets for 2,276 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

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Seattle Northwest Asset Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Seattle Northwest Asset Management: assets under management

The assets under management (AUM) of Seattle Northwest Asset Management, LLC is $3.44 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 199% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $3.44 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.51 million each.

Investments

The firm invests in state and local bonds the most. They account for 58% of the total AUM. The second-largest asset type is government bonds, which make up 25% of the firm’s portfolio. Investments in investment grade corporate bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Seattle Northwest Asset Management, LLC 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.

What kind of clients Arthur Philip Steinmetz serves?

The firm provides services to charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, and state or municipal government entities. The largest group of clients of Arthur Philip Steinmetz is other investment advisers with 59 clients and $2.69 billion of assets under management. Among the 10 most similar advisory firms, Seattle Northwest Asset Management has the highest percentage of other investment advisers out of all clients.


The amount of regulatory assets under management is $3.43 billion for 439 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Seattle Northwest Asset Management doesn't advise any private funds.

Careers at Seattle Northwest Asset Management, LLC

The company employs 19 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Arthur Philip Steinmetz has been acting as President since 1 Apr 2017. Lisa Ann Cook joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Ronald Peter Rech Director 1 Nov 1993 Other 1557610
Seattle Northwest Securities Corp. Employee Stock Ownership Plan Esop/qualified plan 1 Mar 1994 75% - 100% 91-1180285
David Bruce Taylor Director/chairman 1 Nov 2001 Other 1801096
Robert Eugene Shelley Director 1 Nov 2001 Other 1996829
Robert Carlton Elgin Director 1 Apr 2005 Other 1780128
Edward Bernhardt Ceo, sr. portfolio manager 1 Jul 2005 Other 4023885
Michael Scott Newhouse Cfo 1 Dec 2005 Other 2472997
Clark Robert Nye Director 1 May 2006 Other 1356504
Maud Smith Daudon Ceo 1 Aug 2006 Other 4505800
Gary Alan Dohrn Director 1 Dec 2006 Other 1354246
Donald Jay Oleary Director 1 Jul 2007 Other 1227798
Aproniano Mandin Labonite Chief compliance officer 1 Oct 2007 Other 4417380
Eric Adrian Heringer Director 1 Apr 2008 Other 2420672
Lindsay Anne Sovde Director 1 Apr 2008 Other 3229447
Tim Michael Benzel Evp, head of trading 1 Jul 2010 Other 5299272
Andrew Miklos Ferencz Chief technology & operations officer 1 Sep 2010 Other 5740259
Mark Joseph Baker Evp, sales & client service 1 Mar 2011 Other 5906424
Karl Vernon Leaverton Ceo 1 Apr 2012 Other 1106831
Karl Vernon Leaverton Chairman of the board 1 May 2013 Other 1106831
Snw Asset Management Corporation Member 1 Jul 2013 75% - 100% 46-2840154
Jacob Paul Brownfield Chief financial officer and chief compliance officer 1 Aug 2013 Other 5829419
Lisa Ann Cook Evp, head of client services 1 Jun 2015 Other 4340412
Dorothy May Michak Chief compliance officer 1 Mar 2016 Other 1072848
Arthur Philip Steinmetz President 1 Apr 2017 Other 1377996
David Matthew Pfeffer Chief financial officer 1 Apr 2017 Other 4151070
Mary Ann Picciotto Chief compliance officer 1 Apr 2017 Other 4235357
Cynthia Lo Bessette Chief legal officer 1 Apr 2017 Other 6468381
Kristie Marie Feinberg Treasurer 1 Apr 2017 Other 3162040
Lisa Ann Cook Head of sma client services 1 Mar 2018 Other 4340412
Jacob Brownfield Head of sma operations 1 Mar 2018 Other 5829419
Lisa Ann Cook Chief operating officer 1 May 2019 Other 4340412
Edward Bernhardt Head of snw 1 May 2019 Other 4023885
Gregory Gerard Mcgreevey President 1 May 2019 Other 2990466

Indirect Owners

The SEC currently registers 12 indirect owners.

Name Entity Date acquired Ownership Employer ID
Massachusetts Mutual Life Insurance Company Member 1 Nov 1984 75% - 100% 04-1590850
Mm Asset Management Holding Llc Shareholder 1 Oct 1990 75% - 100% 45-4000072
Oppenheimer Acquisition Corp. Shareholder 1 Oct 1990 75% - 100% 84-1149206
Inc. Oppenheimerfunds Shareholder 1 Dec 2001 75% - 100% 13-4160541
Invesco Holding Company Limited Sole shareholder 1 Jan 2002 75% - 100% 98-0407710
Invesco Ltd. Sole shareholder 1 Jan 2002 75% - 100% 98-0557567
Massmutual Holding Llc Member 1 Nov 2011 75% - 100% 04-2854319
Inc. Ofi Global Institutional Shareholder 1 Apr 2017 75% - 100% 110363
Inc. Invesco Group Services Sole shareholder 1 Jun 2018 75% - 100% 58-1995394
Inc. Invesco Advisers Shareholder 1 May 2019 75% - 100% 105360
Inc. Ofi Global Asset Management Sole shareholder 1 May 2019 75% - 100% 161556
Inc. Invesco Holding Company (Us) Sole shareholder 1 May 2019 75% - 100% 58-2287224

Based in Seattle

The principal office where Seattle Northwest Asset Management, LLC performs its advisory services is located at 2001 Sixth Ave., Seattle, WA 98121, which is also the mailing address of the firm. An additional office of the firm is in Portland, OR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 1-866-769-2773 or by fax 206-343-2117. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at snwam.com.


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