# Badgley Phelps Wealth Managers

> 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.

- CRD: 315440
- Filed as: BADGLEY PHELPS WEALTH MANAGERS
- Legal name: Badgley Phelps Wealth Managers, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Seattle, WA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/315440
- AdvisorCensus page: https://advisorcensus.com/firm/badgley-phelps-wealth-managers-seattle-wa-315440

## Quick answers

**How 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

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Other

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- 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

> 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)

> 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $7,280,763,257
- Discretionary: $6,900,746,830
- Non-discretionary: $380,016,427

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 259 | $93,321,459 |
| High net worth individuals | 1,023 | $6,865,218,458 |
| Charitable organizations | 17 | $117,536,732 |
| Corporations or other businesses not listed above | 57 | $204,686,608 |

### 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

### Firm details
- Registered since: 2021 (5 years)
- Employees: 45 total, 26 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK, AZ, CA, CO, CT, FL, HI, ID, IL, MA, ME, MN, MT, NC, NJ, NM, NV, NY, OH, OR, PA, TX, UT, VA, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Charlottesville, VA
- Ketchum, ID

### Websites listed on Form ADV (Item 1.I)
- badgley.com
- focusfinancialpartners.com
- online.badgley.com
- Facebook @BADGLEYPHELPS
- LinkedIn @BADGLEY-PHELPS-INVESTMENT-MANAGERS
- LinkedIn @FOCUS-FINANCIAL-PARTNERS
- X @FOCUSFINANCIAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,372,707,212 | 22 | September 28, 2021 |
| October 2022 | $4,769,433,917 | 24 | August 9, 2022 |
| October 2023 | $4,206,191,970 | 23 | September 25, 2023 |
| October 2024 | $5,126,260,432 | 37 | September 13, 2024 |
| October 2025 | $5,902,779,678 | 43 | May 16, 2025 |
| October 2026 | $7,280,763,257 | 45 | March 31, 2026 |

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.

## 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Badgley Phelps Wealth Managers (CRD 315440): Form ADV filing data as of October 2026.