# McIlrath & ECK, LLC

> McIlrath & ECK, LLC is an SEC-registered investment advisory firm in Arlington, WA, registered since 2009, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 145252
- Filed as: MCILRATH & ECK, LLC
- Also doing business as: PERISCOPE WEALTH ADVISORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Arlington, WA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/145252
- AdvisorCensus page: https://advisorcensus.com/firm/mcilrath-and-eck-llc-arlington-wa-145252

## Quick answers

**How is McIlrath & ECK, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), McIlrath & ECK, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**How much does McIlrath & ECK, LLC charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 0.45% to 1.5% a year (a range, as the brochure states it); Hourly rate: $275 an hour (Financial and estate planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is McIlrath & ECK, LLC located?**
McIlrath & ECK, LLC's principal office is in Arlington, WA, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is McIlrath & ECK, LLC registered with the SEC or a state?**
McIlrath & ECK, LLC is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 145252.

**How much does McIlrath & ECK, LLC manage?**
McIlrath & ECK, LLC reports $1,364,902,010 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have McIlrath & ECK, LLC's assets and staff changed since 2021?**
In the Form ADV data for McIlrath & ECK, LLC: Regulatory assets under management: $501,039,323 in the October 2021 data and $1,364,902,010 in the October 2026 data, up 172%. Total employees: 10 in October 2021 and 19 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does McIlrath & ECK, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (870); high net worth individuals (417).

**Which custodians does McIlrath & ECK, LLC use?**
McIlrath & ECK, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets.

**Does McIlrath & ECK, LLC 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/145252

**Does McIlrath & ECK, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Generally we require that investment management clients maintain $250,000 under management with us. However, we may waive that minimum at our sole discretion."

**What changed in McIlrath & ECK, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $1,059,805,672 to $1,364,902,010 (+29%). Registered or notice-filed in HI, MT.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: 0.45% to 1.5% a year (a range, as the brochure states it)

> Our fees vary based on your assets under management and range from 0.45% to 1.50% per year. Fees are determined on a case-by-case basis.

- Account minimum: $250,000 (the brochure says it may be waived or negotiated)

> Generally we require that investment management clients maintain $250,000 under management with us. However, we may waive that minimum at our sole discretion.

- Hourly rate: $275 an hour (Financial and estate planning services)

> Financial and estate planning services are provided for an hourly fee of $275.

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

### Custodians (Schedule D, Section 5.K(3))
- Pershing LLC

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: $1,364,902,010
- Discretionary: $1,364,902,010
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 870 | $376,221,510 |
| High net worth individuals | 417 | $988,620,500 |
| Charitable organizations | Fewer than 5 | $60,000 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Educational seminars/workshops
- Other

### Firm details
- Registered since: 2009 (17 years)
- Employees: 19 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, FL, HI, ID, MT, NV, OR, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Anaheim Hills, CA
- San Luis Obispo, CA

### Websites listed on Form ADV (Item 1.I)
- mcilratheck.com
- periscopewealthadvisors.com
- Facebook @McilrathEck
- Facebook @PeriscopeWealthAdvisors
- LinkedIn @mcilrath-eck-llc
- LinkedIn @periscope-wealth-advisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $501,039,323 | 10 | September 3, 2021 |
| October 2022 | $645,376,243 | 9 | September 14, 2022 |
| October 2023 | $649,405,753 | 17 | April 2, 2023 |
| October 2024 | $839,585,801 | 16 | March 12, 2024 |
| October 2025 | $1,059,805,672 | 19 | July 11, 2025 |
| October 2026 | $1,364,902,010 | 19 | March 31, 2026 |

Regulatory assets under management: $501,039,323 in the October 2021 data and $1,364,902,010 in the October 2026 data, up 172%.
Total employees: 10 in October 2021 and 19 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $1,059,805,672 to $1,364,902,010 (+29%).
- Registered or notice-filed in HI, MT.

### January 2026
- No longer registered or notice-filed in LA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. McIlrath & ECK, LLC (CRD 145252): Form ADV filing data as of October 2026.