AdvisorCensus / Financial advisors / Washington / Seattle / Empirical Wealth Management
Empirical Wealth Management
Filed as EMPIRICAL WEALTH MANAGEMENT · Legal name Empirical Financial Services, LLC
Empirical Wealth Management is an SEC-registered investment advisory firm in Seattle, WA, registered since 2011, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 29, 2026.
Quick answers
From the filingHow is Empirical Wealth Management compensated?
On its Form ADV (Item 5.E, October 2026), Empirical Wealth Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); performance-based fees.
Where is Empirical Wealth Management located?
Empirical Wealth Management's principal office is in Seattle, WA, according to its Form ADV; the August 2026 filing also lists 17 other offices (Schedule D, Section 1.F).
Is Empirical Wealth Management registered with the SEC or a state?
Empirical Wealth Management is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 152622.
How much does Empirical Wealth Management manage?
Empirical Wealth Management reports $8,428,968,273 in regulatory assets under management in its Form ADV filing dated July 29, 2026 (100% discretionary).
How have Empirical Wealth Management's assets and staff changed since 2021?
In the Form ADV data for Empirical Wealth Management: Regulatory assets under management: $3,045,728,540 in the October 2021 data and $8,428,968,273 in the October 2026 data, up 177%. Total employees: 42 in October 2021 and 94 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Empirical Wealth Management serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (1,839); individuals (other than high net worth individuals) (555); charitable organizations (5).
Which custodians does Empirical Wealth Management use?
Empirical Wealth Management's 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 Empirical Wealth Management 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/152622
What changed in Empirical Wealth Management's recent Form ADV filings?
In the July 2026 filing data: Registered or notice-filed in AL, IA, MS, ND, NE, OK, RI, SD, VT, WV.
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)
- Performance-based fees
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 2ASee the firm's brochure (dated July 29, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$8,428,968,273 as of October 2026, filing dated July 29, 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 pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Other
Registration and firm details
Items 1, 2, 5- Legal name
- Empirical Financial Services, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2011 (15 years)
- Employees
- Total: 94. Performing investment advisory functions: 57.
- Wrap fee program participation
- Yes.
- 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)
-
17 other offices, as of the August 2026 filing
- States registered or notice-filed
-
51 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 | $8,428,968,273 | 94 | July 29, 2026 |
| October 2025 | $6,701,226,120 | 94 | July 1, 2025 |
| October 2024 | $5,525,184,211 | 78 | March 28, 2024 |
| October 2023 | $4,178,934,091 | 65 | August 23, 2023 |
| October 2022 | $4,166,875,809 | 50 | July 7, 2022 |
| October 2021 | $3,045,728,540 | 42 | July 28, 2021 |
Regulatory assets under management: $3,045,728,540 in the October 2021 data and $8,428,968,273 in the October 2026 data, up 177%.
Total employees: 42 in October 2021 and 94 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- July 2026
- Registered or notice-filed in AL, IA, MS, ND, NE, OK, RI, SD, VT, WV.
- April 2026
- Employees performing advisory functions went from 53 to 57.
- Regulatory assets under management went from $6,701,226,120 to $8,428,968,273 (+26%).
- Changed its office addresses in San Francisco, CA.
- Changed its office addresses in Walnut Creek, CA.
- Added an office in Cottonwood Heights, UT.
- Added an office in Honolulu, HI.
- Added an office in Mission Viejo, CA.
- January 2026
- Registered or notice-filed in TN.
- December 2025
- Updated its list of owners and control persons (Schedule A).
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. Empirical Wealth Management (CRD 152622): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/empirical-wealth-management-seattle-wa-152622