Ramsey & Associates Inc (Seattle)

Name: Ramsey & Associates Inc
Address: 1730 N. Northlake Way, Seattle, WA, 98103
Telephone: 206-324-1950

Ramsey & Associates Inc is a large advisory firm based in Seattle. It manages $200.78 million of regulatory assets for 339 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Texas, and Washington.

Ramsey & Associates provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and advice on matters not involving securities.. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ramsey & Associates: assets under management

The assets under management (AUM) of Ramsey & Associates Inc is $200.78 million. The firm's AUM has grown by 104% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $56.85 million in discretionary accounts and $143.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.83 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $467.29 thousand.

Ramsey & Associates has custody of $16.13 million in cash and securities for 27 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 62% of the total AUM. The second-largest asset type is state and local bonds, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ramsey & Associates Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Karen Ramsey serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Karen Ramsey is high net worth individuals with 57 clients and $176.5 million of assets under management. Among the 11 most similar advisory firms, Ramsey & Associates has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $200.78 million for 112 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.

Ramsey & Associates doesn't advise any private funds.

Careers at Ramsey & Associates Inc

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Karen Ramsey has been acting as President since 1 Jan 1996. Karen S. Ramsey joined the executive team most recently as the President & Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Karen S. Ramsey	President & chief compliance officer	1 Jan 1996	75% - 100%	2129353
Karen Ramsey	President	1 Jan 1996	75% - 100%	2129353

Based in Seattle

The principal office where Ramsey & Associates Inc performs its advisory services is located at 1730 N. Northlake Way, Seattle, WA 98103, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 206-324-1950 or by fax 206-324-4787. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at ramseyassoc.com.