{
  "crd_number": 152622,
  "slug": "empirical-wealth-management-seattle-wa-152622",
  "primary_business_name": "EMPIRICAL WEALTH MANAGEMENT",
  "legal_name": "EMPIRICAL FINANCIAL SERVICES, LLC",
  "dbas": [],
  "city": "Seattle",
  "state": "WA",
  "country": "United States",
  "cbsa_code": "42660",
  "metro": {
    "cbsa_code": "42660",
    "common_name": "Seattle",
    "msa_name": "Seattle-Tacoma-Bellevue, WA",
    "path": "/advisors/wa/seattle"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2011-02-23",
  "years_registered": 15,
  "period": "2026-10-01",
  "filing_date": "2026-07-29",
  "carried_forward": false,
  "raum_total": 8428968273.0,
  "raum_discretionary": 8425771219.0,
  "raum_non_discretionary": 3197054.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 94,
  "advisory_employees": 57,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 19524652.0,
      "count": 5
    },
    "individuals": {
      "raum": 267658747.0,
      "count": 555
    },
    "high_net_worth_individuals": {
      "raum": 7984674625.0,
      "count": 1839
    },
    "pooled_investment_vehicles": {
      "raum": 16387744.0,
      "count": 1
    },
    "corporations_other_businesses": {
      "raum": 140722505.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://empirical.net",
    "https://facebook.com/empiricalwealth",
    "https://instagram.com/empiricalwm",
    "https://linkedin.com/company/empirical-wealth-management",
    "https://x.com/EMPIRICALWM",
    "https://youtube.com/@EmpiricalWealthManagement"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/152622",
  "city_as_filed": "SEATTLE",
  "url": "https://advisorcensus.com/firm/empirical-wealth-management-seattle-wa-152622",
  "display_name": "Empirical Wealth Management",
  "summary": "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.",
  "citation": "AdvisorCensus. Empirical Wealth Management (CRD 152622): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "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"
  ],
  "quick_answers": [
    {
      "q": "How is Empirical Wealth Management compensated?",
      "a": "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. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Empirical Wealth Management located?",
      "a": "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)."
    },
    {
      "q": "Is Empirical Wealth Management registered with the SEC or a state?",
      "a": "Empirical Wealth Management is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 152622."
    },
    {
      "q": "How much does Empirical Wealth Management manage?",
      "a": "Empirical Wealth Management reports $8,428,968,273 in regulatory assets under management in its Form ADV filing dated July 29, 2026 (100% discretionary)."
    },
    {
      "q": "How have Empirical Wealth Management's assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Empirical Wealth Management serve?",
      "a": "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)."
    },
    {
      "q": "Which custodians does Empirical Wealth Management use?",
      "a": "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."
    },
    {
      "q": "Does Empirical Wealth Management report any disciplinary disclosures?",
      "a": "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"
    },
    {
      "q": "What changed in Empirical Wealth Management's recent Form ADV filings?",
      "a": "In the July 2026 filing data: Registered or notice-filed in AL, IA, MS, ND, NE, OK, RI, SD, VT, WV."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 3045728540.0,
      "total_employees": 42,
      "filing_date": "2021-07-28"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 4166875809.0,
      "total_employees": 50,
      "filing_date": "2022-07-07"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 4178934091.0,
      "total_employees": 65,
      "filing_date": "2023-08-23"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 5525184211.0,
      "total_employees": 78,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 6701226120.0,
      "total_employees": 94,
      "filing_date": "2025-07-01"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 8428968273.0,
      "total_employees": 94,
      "filing_date": "2026-07-29"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Registered or notice-filed in AL, IA, MS, ND, NE, OK, RI, SD, VT, WV."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "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."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "Registered or notice-filed in TN."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/empirical-wealth-management-seattle-wa-152622.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 555,
      "fewer_than_5": false,
      "raum": 267658747.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 1839,
      "fewer_than_5": false,
      "raum": 7984674625.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 16387744.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 5,
      "fewer_than_5": false,
      "raum": 19524652.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 140722505.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/152622",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}