First Washington Corporation (Seattle)

Name: First Washington Corporation
Address: 2001 6 Th Ave, Seattle, WA, 98121
Telephone: 206-624-8320

First Washington Corporation is a large advisory firm based in Seattle. It manages $277.03 million of regulatory assets for 41 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of Washington.

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

First Washington Corporation: assets under management

The assets under management (AUM) of First Washington Corporation is $277.03 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 354% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $277.03 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.76 million each.

Investments

The firm invests in exchange traded securities the most. They account for 83% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in government bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay First Washington Corporation for their services and products based on a percentage of assets under management. 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 Phillip Fisher Jr Frink serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Phillip Fisher Jr Frink is high net worth individuals with 13 clients and $183.37 million of assets under management. Among the 8 most similar advisory firms, First Washington Corporation has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $277.03 million for 41 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.

First Washington Corporation doesn't advise any private funds.

Careers at First Washington Corporation

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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.

Phillip Fisher Jr Frink has been acting as President since 1 Nov 2003. Teresa Ann Mcintyre joined the executive team most recently as the Financial Operations Principal.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Lewis Investors	Owner	1 May 2003	75% - 100%	03-0513189
David Dixon Lewis	Chairman, rosfp	1 Nov 2003	Other	1004661
Andrew Jay Harris	Secretary/treasurer	1 Nov 2003	Other	237719
Phillip Fisher Jr Frink	President/director & chief compliance officer	1 Nov 2003	Other	xxx-xx-xxxx
Floyd Udell Jones	Sr vice president	1 Nov 2003	Other	xxx-xx-xxxx
Steven Joel Jones	First vice president	1 Nov 2003	Other	xxx-xx-xxxx
David Dixon Lewis	Chief compliance officer	1 Jun 2007	Other	1004661
Phillip Fisher Jr Frink	Vice-chief compliance officer	1 Jun 2007	Other	xxx-xx-xxxx
Phillip Fisher Jr Frink	President	1 Jan 2011	Other	xxx-xx-xxxx
Teresa Ann Mcintyre	Secretary/treasurer	1 Jun 2012	Other	1697791
Teresa Ann Mcintyre	Financial operations principal	1 Apr 2013	Other	1697791

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
David Dixon Lewis	Manager	1 May 2003	50% - 75%	1004661

Based in Seattle

The principal office where First Washington Corporation performs its advisory services is located at 2001 6 Th Ave, Seattle, WA 98121, 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 206-624-8320 or by fax 206-466-2274. The normal business hours are 6:30am to 2:30 pm on Monday - Friday. You can find more information about the New York firm at first-wash.com/.