Washington Capital Management Inc is a large advisory firm based in Seattle. It manages $4.11 billion of regulatory assets for 202 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Massachusetts, Nevada, Oregon, and Washington.
Washington Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.
The assets under management (AUM) of Washington Capital Management Inc is $4.11 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 225% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Washington Capital Management Inc for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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.
The firm provides services to individuals, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Michael Gerard Russell is pooled investment vehicles with 5 clients and $3.53 billion of assets under management. Among the 9 most similar advisory firms, Washington Capital Management has the 5th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $4.11 billion for 80 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.
Washington Capital Management also advises several private funds. Namely, five other private funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 71 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 9 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Michael Gerard Russell has been acting as President since 1 Jan 2012. Robert Michael Kovecs joined the executive team most recently as the Director Of Finance.
The principal office where Washington Capital Management Inc performs its advisory services is located at 1200 6 Th Ave, Seattle, WA 98101 3123, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 206-382-0825 or by fax 206-382-0950. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at wcmadvisors.com/.