Wealth manager, wrap-program sponsor · Seattle, WA
Empirical Wealth Management
Empirical Financial Services, LLC · SEC-registered investment adviser · CRD 152622 · SEC 801-72168
At a glance
Empirical Wealth Management is an SEC-registered investment adviser based in Seattle, Washington, with $8.4 billion in regulatory assets under management as of its Form ADV filed July 29, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 2,394 individual clients. By Form ADV it is a wealth manager (wrap-program sponsor), ranked 201st of 8,915 wealth managers and 1,521st of 17,210 SEC-registered advisers by assets.
Main office 206-923-3474empirical.netLinkedInAs filed on Form ADV
- Regulatory AUM
- $8.4B
- Rank among wealth managers
- #201 of 8,915
- Rank among all SEC RIAs
- #1,521 of 17,210
- Rank in Washington
- #15 of 271
- Individual clients
- 2,394
- High-net-worth clients
- 1,839
- Accounts
- 8,690
- Discretionary
- 100% of AUM
- Employees
- 94
- Advisory staff
- 57
- Offices
- 18
Owners and executives on its Form ADV
- Kenneth R. SmithChief Executive Officer & Member
- Ethan A. BrogaDirector of Financial Planning & Member
- Lorne D. EnquistChief Financial Officer & Member
- Michael P. KellyPresident & Chief Wealth Strategist & Member
- Jaime C. WhiteChief Strategy Officer & Member
- James A. JonesDirector of Tax and Wealth Transfer & Member
- Simon J. LiuChief Marketing Technology Officer & Member
- Shan ZubairFinancial Advisor & Member
- Erik J. LehrChief Investment Officer & Member
- Justin W. BullerChief Compliance Officer & Member
- Joseph Homer C. MercadoChief Business Development Officer & Member
- Hwa C. ParkChief Operating Officer & Member
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 1,839 | $8.0B | 95% |
| Individuals | 555 | $268M | 3% |
| Corporations or other businesses | – | $141M | 2% |
| Charitable organizations | 5 | $20M | <1% |
| Pooled investment vehicles | 1 | $16M | <1% |
Private funds
Empirical Wealth Management reports 1 private funds with $16M in gross assets: other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Empirical Wealth Management 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 pooled investment vehicles
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗empirical.net ↗
AtlasMembers
The full record on Empirical Wealth Management
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, ten years of filings
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- Growth over one, three and five years
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- Rank against 490 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 12 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 2Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Empirical Wealth Management manage?
Empirical Wealth Management reports $8.4 billion in regulatory assets under management across 8,690 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 29, 2026.
What kind of firm is Empirical Wealth Management?
Empirical Wealth Management is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Empirical Wealth Management’s clients?
By assets, its largest client types are high-net-worth individuals ($8.0 billion, 1,839 clients); individuals ($268 million, 555 clients); corporations or other businesses ($141 million).
Does Empirical Wealth Management manage private funds?
Yes. It reports 1 private funds with $16 million in gross assets, including other private funds.
Does Empirical Wealth Management have any disciplinary history?
Empirical Wealth Management reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Empirical Wealth Management’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 (2026-07-29), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →