Seattle Northwest Asset Management, LLC (Seattle)

Name: Seattle Northwest Asset Management, LLC
Address: 2001 Sixth Ave., Seattle, WA, 98121
Telephone: 1-866-769-2773

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.

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.