# 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.

- CRD: 6681
- Filed as: FIRST WASHINGTON CORPORATION
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Seattle, WA
- Filing period: October 2026
- Form ADV filing dated: December 18, 2025
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/6681
- AdvisorCensus page: https://advisorcensus.com/firm/first-washington-corporation-seattle-wa-6681

## Quick answers

**How 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

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated December 18, 2025)

- Account minimum: $250,000

> FWCO generally requires a minimum account of $250,000.00 to open a portfolio in our advisory.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Dorsey & Whitney Trust Company
- U.S. Bank Institutional Trust & Custody

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: $501,201,045
- Discretionary: $501,201,045
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 2 | $1,132,655 |
| High net worth individuals | 22 | $313,771,503 |
| Charitable organizations | 3 | $152,459,158 |
| Corporations or other businesses not listed above | 2 | $33,837,729 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2006 (20 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [first-wash.com](https://first-wash.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $308,912,086 | 4 | December 21, 2020 |
| October 2022 | $354,254,778 | 4 | December 17, 2021 |
| October 2023 | $267,053,514 | 4 | December 19, 2022 |
| October 2024 | $372,944,377 | 4 | December 18, 2023 |
| October 2025 | $427,515,633 | 4 | December 23, 2024 |
| October 2026 | $501,201,045 | 5 | December 18, 2025 |

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.

## 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. First Washington Corporation (CRD 6681): Form ADV filing data as of October 2026.