AdvisorCensus / Financial advisors / Washington / Seattle / Badgley Phelps Wealth Managers
Badgley Phelps Wealth Managers
Filed as BADGLEY PHELPS WEALTH MANAGERS · Legal name Badgley Phelps Wealth Managers, LLC
Badgley Phelps Wealth Managers is an SEC-registered investment advisory firm in Seattle, WA, registered since 2021, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.
Quick answers
From the filingHow is Badgley Phelps Wealth Managers compensated?
On its Form ADV (Item 5.E, October 2026), Badgley Phelps Wealth Managers reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other.
What does Badgley Phelps Wealth Managers' brochure say about its fees?
Its Form ADV Part 2A brochure dated March 31, 2026 states: Up to $5,000,000: 0.9% a year; $5,000,000 to $10,000,000: 0.7% a year; Above $10,000,000: 0.5% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Badgley Phelps Wealth Managers located?
Badgley Phelps Wealth Managers' principal office is in Seattle, WA, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).
Is Badgley Phelps Wealth Managers registered with the SEC or a state?
Badgley Phelps Wealth Managers is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 315440.
How much does Badgley Phelps Wealth Managers manage?
Badgley Phelps Wealth Managers reports $7,280,763,257 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (95% discretionary).
How have Badgley Phelps Wealth Managers' assets and staff changed since 2021?
In the Form ADV data for Badgley Phelps Wealth Managers: Regulatory assets under management: $4,372,707,212 in the October 2021 data and $7,280,763,257 in the October 2026 data, up 67%. Total employees: 22 in October 2021 and 45 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Badgley Phelps Wealth Managers serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (1,023); individuals (other than high net worth individuals) (259); corporations or other businesses not listed above (57).
Which custodians does Badgley Phelps Wealth Managers use?
Badgley Phelps Wealth Managers' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.
Does Badgley Phelps Wealth Managers report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/315440
Does Badgley Phelps Wealth Managers state an account minimum?
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Badgley Phelps requires a minimum investment portfolio(s) of $1,000,000 per client household, but this minimum can be waived under certain situations."
What changed in Badgley Phelps Wealth Managers' recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $5,902,779,678 to $7,280,763,257 (+23%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Other
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2A| Assets | Annual rate |
|---|---|
| Up to $5,000,000 | 0.9% |
| $5,000,000 to $10,000,000 | 0.7% |
| Above $10,000,000 | 0.5% |
The brochure's wording
Badgley Phelps’ standard advisory fee schedule for new accounts is as follows: Portfolio Value at Market: Annual Fee: First $5,000,000 0.90% Next $5,000,000 0.70% Amount over $10,000,000 0.50%
Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
Badgley Phelps requires a minimum investment portfolio(s) of $1,000,000 per client household, but this minimum can be waived under certain situations.
As stated in the firm's Form ADV Part 2A brochure dated March 31, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$7,280,763,257 as of October 2026, filing dated March 31, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)
- Other
Registration and firm details
Items 1, 2, 5- Legal name
- Badgley Phelps Wealth Managers, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2021 (5 years)
- Employees
- Total: 45. Performing investment advisory functions: 26.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- Other offices (Schedule D, Section 1.F)
-
2 other offices, as of the April 2026 filing
- States registered or notice-filed
-
25 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $7,280,763,257 | 45 | March 31, 2026 |
| October 2025 | $5,902,779,678 | 43 | May 16, 2025 |
| October 2024 | $5,126,260,432 | 37 | September 13, 2024 |
| October 2023 | $4,206,191,970 | 23 | September 25, 2023 |
| October 2022 | $4,769,433,917 | 24 | August 9, 2022 |
| October 2021 | $4,372,707,212 | 22 | September 28, 2021 |
Regulatory assets under management: $4,372,707,212 in the October 2021 data and $7,280,763,257 in the October 2026 data, up 67%.
Total employees: 22 in October 2021 and 45 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $5,902,779,678 to $7,280,763,257 (+23%).
- February 2026
- Registered or notice-filed in UT.
- January 2026
- No longer registered or notice-filed in DE, LA.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Badgley Phelps Wealth Managers (CRD 315440): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/badgley-phelps-wealth-managers-seattle-wa-315440