AdvisorCensus / Financial advisors / Washington / Seattle / First Washington Corporation
First Washington Corporation is an SEC-registered investment advisory firm in Seattle, WA, registered since 2006, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated December 18, 2025.
Quick answers
From the filingHow is First Washington Corporation compensated?
On its Form ADV (Item 5.E, October 2026), First Washington Corporation reports these compensation arrangements: a percentage of assets under its management.
Where is First Washington Corporation located?
First Washington Corporation's principal office is in Seattle, WA, according to its Form ADV.
Is First Washington Corporation registered with the SEC or a state?
First Washington Corporation is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 6681.
How much does First Washington Corporation manage?
First Washington Corporation reports $501,201,045 in regulatory assets under management in its Form ADV filing dated December 18, 2025 (100% discretionary).
How have First Washington Corporation's assets and staff changed since 2021?
In the Form ADV data for First Washington Corporation: Regulatory assets under management: $308,912,086 in the October 2021 data and $501,201,045 in the October 2026 data, up 62%. Total employees: 4 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does First Washington Corporation serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (22); charitable organizations (3); individuals (other than high net worth individuals) (2).
Which custodians does First Washington Corporation use?
First Washington Corporation's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Dorsey & Whitney Trust Company and U.S. Bank Institutional Trust & Custody as custodians holding 10% or more of its separately managed account assets.
Does First Washington Corporation 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/6681
Does First Washington Corporation state an account minimum?
Its Form ADV Part 2A brochure dated December 18, 2025 says: "FWCO generally requires a minimum account of $250,000.00 to open a portfolio in our advisory."
What changed in First Washington Corporation's recent Form ADV filings?
In the January 2026 filing data: Regulatory assets under management went from $427,515,633 to $501,201,045 (+17%). Employees performing advisory functions went from 2 to 3. Item 11 disclosure answers changed: 0 yes answers, previously 2 (now no: 11.E(2), 11.E(4)). Updated its list of owners and control persons (Schedule A).
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
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 2AAccount minimum: $250,000
The brochure's wording
FWCO generally requires a minimum account of $250,000.00 to open a portfolio in our advisory.
As stated in the firm's Form ADV Part 2A brochure dated December 18, 2025. 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$501,201,045 as of October 2026, filing dated December 18, 2025.
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- Portfolio management for individuals and/or small businesses
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2006 (20 years)
- Employees
- Total: 5. Performing investment advisory functions: 3.
- 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.
- States registered or notice-filed
-
1 state or jurisdiction
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 | $501,201,045 | 5 | December 18, 2025 |
| October 2025 | $427,515,633 | 4 | December 23, 2024 |
| October 2024 | $372,944,377 | 4 | December 18, 2023 |
| October 2023 | $267,053,514 | 4 | December 19, 2022 |
| October 2022 | $354,254,778 | 4 | December 17, 2021 |
| October 2021 | $308,912,086 | 4 | December 21, 2020 |
Regulatory assets under management: $308,912,086 in the October 2021 data and $501,201,045 in the October 2026 data, up 62%.
Total employees: 4 in October 2021 and 5 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- January 2026
- Regulatory assets under management went from $427,515,633 to $501,201,045 (+17%).
- Employees performing advisory functions went from 2 to 3.
- Item 11 disclosure answers changed: 0 yes answers, previously 2 (now no: 11.E(2), 11.E(4)).
- 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. First Washington Corporation (CRD 6681): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/first-washington-corporation-seattle-wa-6681