{
  "crd_number": 6681,
  "slug": "first-washington-corporation-seattle-wa-6681",
  "primary_business_name": "FIRST WASHINGTON CORPORATION",
  "legal_name": "FIRST WASHINGTON CORPORATION",
  "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": "2006-01-30",
  "years_registered": 20,
  "period": "2026-10-01",
  "filing_date": "2025-12-18",
  "carried_forward": false,
  "raum_total": 501201045.0,
  "raum_discretionary": 501201045.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 5,
  "advisory_employees": 3,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 152459158.0,
      "count": 3,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 1132655.0,
      "count": 2,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 313771503.0,
      "count": 22
    },
    "corporations_other_businesses": {
      "raum": 33837729.0,
      "count": 2,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "WA"
  ],
  "websites": [
    "https://first-wash.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/6681",
  "city_as_filed": "SEATTLE",
  "url": "https://advisorcensus.com/firm/first-washington-corporation-seattle-wa-6681",
  "display_name": "First Washington Corporation",
  "summary": "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.",
  "citation": "AdvisorCensus. First Washington Corporation (CRD 6681): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is First Washington Corporation compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), First Washington Corporation reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is First Washington Corporation located?",
      "a": "First Washington Corporation's principal office is in Seattle, WA, according to its Form ADV."
    },
    {
      "q": "Is First Washington Corporation registered with the SEC or a state?",
      "a": "First Washington Corporation is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 6681."
    },
    {
      "q": "How much does First Washington Corporation manage?",
      "a": "First Washington Corporation reports $501,201,045 in regulatory assets under management in its Form ADV filing dated December 18, 2025 (100% discretionary)."
    },
    {
      "q": "How have First Washington Corporation's assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does First Washington Corporation serve?",
      "a": "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)."
    },
    {
      "q": "Which custodians does First Washington Corporation use?",
      "a": "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."
    },
    {
      "q": "Does First Washington Corporation 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/6681"
    },
    {
      "q": "Does First Washington Corporation state an account minimum?",
      "a": "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.\""
    },
    {
      "q": "What changed in First Washington Corporation's recent Form ADV filings?",
      "a": "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)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 308912086.0,
      "total_employees": 4,
      "filing_date": "2020-12-21"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 354254778.0,
      "total_employees": 4,
      "filing_date": "2021-12-17"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 267053514.0,
      "total_employees": 4,
      "filing_date": "2022-12-19"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 372944377.0,
      "total_employees": 4,
      "filing_date": "2023-12-18"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 427515633.0,
      "total_employees": 4,
      "filing_date": "2024-12-23"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 501201045.0,
      "total_employees": 5,
      "filing_date": "2025-12-18"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "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)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated December 18, 2025",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$250,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $250,000"
        ],
        "quotes": [
          "FWCO generally requires a minimum account of $250,000.00 to open a portfolio in our advisory."
        ]
      }
    ],
    "quotes": [
      "FWCO generally requires a minimum account of $250,000.00 to open a portfolio in our advisory."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Dorsey & Whitney Trust Company",
      "name_as_filed": "DORSEY & WHITNEY TRUST COMPANY",
      "affiliated": false
    },
    {
      "name": "U.S. Bank Institutional Trust & Custody",
      "name_as_filed": "U.S. BANK INSTITUTIONAL TRUST & CUSTODY",
      "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/first-washington-corporation-seattle-wa-6681.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 2,
      "fewer_than_5": true,
      "raum": 1132655.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 22,
      "fewer_than_5": false,
      "raum": 313771503.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 3,
      "fewer_than_5": true,
      "raum": 152459158.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 2,
      "fewer_than_5": true,
      "raum": 33837729.0
    }
  ],
  "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/6681",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}