Wealth manager, independent · Seattle, WA
Badgley Phelps Wealth Managers
Badgley Phelps Wealth Managers, LLC · SEC-registered investment adviser · CRD 315440 · SEC 801-121830
At a glance
Badgley Phelps Wealth Managers is an SEC-registered investment adviser based in Seattle, Washington, with $7.3B in regulatory assets under management as of its Form ADV filed March 31, 2026. It reports 1,282 individual clients, 1,023 of them high-net-worth, holding an average of about $5.4 million each, and 45 employees. That ranks it 148th among the nation’s 5,657 independent wealth management RIAs and 5th of 158 in Washington. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 206-623-6172badgley.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $7.3B
- Rank among independent wealth managers
- #148 of 5,657
- Rank among all SEC RIAs
- #1,651 of 17,210
- Rank in Washington
- #5 of 158
- Individual clients
- 1,282
- High-net-worth clients
- 1,023
- Accounts
- 3,486
- Discretionary
- 95% of AUM
- Employees
- 45
- Advisory staff
- 26
- Offices
- 4
Owners and executives on its Form ADV
- Steven C. PhelpsWealth Manager
- James K. CallaghanWealth Manager
- Curtis L. PepinDirector of Marketing
- Julie L. Parisio RoyChief Executive Officer and Wealth Manager
- Calvin M. SprangerFixed Income Manager and Wealth Manager
- Timothy J. ThomasChief Investment Officer and Wealth Manager
- Patrick D. RodgersWealth Manager
- Megan E. WileyWealth Manager and Financial Planner
- Katherine D. WhamWealth Manager
- David S. SprattChief Compliance Officer and Chief Operating Officer
- Michael R. GerkeWealth Manager
Custody and brokerage
Broker-dealer
Affiliated broker-dealer
It reports a broker-dealer among its affiliates on Form ADV.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 1,023 | $6.9B | 94% |
| Corporations or other businesses | 57 | $205M | 3% |
| Charitable organizations | 17 | $118M | 2% |
| Individuals | 259 | $93M | 1% |
Disciplinary disclosures
Badgley Phelps Wealth Managers reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗badgley.com ↗
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The full record on Badgley Phelps Wealth Managers
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 4 years of filings
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- Growth over one, three and five years
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- Rank against 568 peers of its type and size
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- Owners and executives, with titles and stakes
- 11 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Washington
All of Washington →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Freestone Capital Management, LLCSeattle | $15B | 2,906 |
| Coldstream Wealth ManagementBellevue | $14B | 4,199 |
| LNWSeattle | $12B | 1,079 |
| Evergreen Capital Management LLCBellevue | $7.2B | 1,121 |
| Threadline WealthBellevue | $5.8B | 1,169 |
| Northwest Asset ManagementMercer Island | $4.1B | 2,758 |
Background
Questions
How much does Badgley Phelps Wealth Managers manage?
Badgley Phelps Wealth Managers reports $7.3B in regulatory assets under management across 3,486 accounts, 95% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
How many clients does Badgley Phelps Wealth Managers have?
It reports 1,282 individual clients: 1,023 high-net-worth individuals and 259 other individuals. Individuals account for about 96% of its regulatory assets.
Where is Badgley Phelps Wealth Managers headquartered?
Its main office is in Seattle, Washington. It reports 4 offices in total and 45 employees, 26 of whom perform investment advisory functions.
How does Badgley Phelps Wealth Managers charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Badgley Phelps Wealth Managers use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 31, 2026, it reports these amounts held: Charles Schwab ($5.7B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Badgley Phelps Wealth Managers a hybrid RIA with a broker-dealer?
It reports a broker-dealer among its affiliates on Form ADV.
Is Badgley Phelps Wealth Managers a fiduciary?
As an SEC-registered investment adviser, Badgley Phelps Wealth Managers owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Badgley Phelps Wealth Managers’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-31), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →