Wealth manager, independent · Mercer Island, WA
Northwest Asset Management
Nwam, LLC · SEC-registered investment adviser · CRD 147923 · SEC 801-69483
At a glance
Northwest Asset Management is an SEC-registered investment adviser based in Mercer Island, Washington, with $4.1B in regulatory assets under management as of its Form ADV filed March 31, 2026. It reports 2,758 individual clients, 832 of them high-net-worth, holding an average of about $1.5 million each, and 62 employees. That ranks it 274th among the nation’s 5,657 independent wealth management RIAs and 8th of 158 in Washington. It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab.
Main office 206-838-3680LinkedInAs filed on Form ADV
- Regulatory AUM
- $4.1B
- Rank among independent wealth managers
- #274 of 5,657
- Rank among all SEC RIAs
- #2,378 of 17,210
- Rank in Washington
- #8 of 158
- Individual clients
- 2,758
- High-net-worth clients
- 832
- Accounts
- 9,090
- Discretionary
- 71% of AUM
- Employees
- 62
- Advisory staff
- 44
- Offices
- 69
Owners and executives on its Form ADV
- Gregory A. HeadrickManaging Member
- Nelly O. MubashiChief Executive Officer/chief Compliance Officer
- Mahum R. PrasadChief Operating Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Northwest Asset Management reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 832 | $3.1B | 76% |
| Individuals | 1,926 | $924M | 22% |
| Corporations or other businesses | 8 | $47M | 1% |
| Other | 10 | $23M | <1% |
Disciplinary disclosures
Northwest Asset 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
- Pension consulting
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗
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The full record on Northwest Asset 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 991 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 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 |
|---|---|---|
| Badgley Phelps Wealth ManagersSeattle | $7.3B | 1,282 |
| Evergreen Capital Management LLCBellevue | $7.2B | 1,121 |
| Threadline WealthBellevue | $5.8B | 1,169 |
| Parcion Private Wealth LLCBellevue | $3.0B | 165 |
| Garde Capital, Inc.Seattle | $2.7B | 462 |
| Tschetter GroupBellevue | $2.4B | 503 |
Background
Questions
How much does Northwest Asset Management manage?
Northwest Asset Management reports $4.1B in regulatory assets under management across 9,090 accounts, 71% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
How many clients does Northwest Asset Management have?
It reports 2,758 individual clients: 832 high-net-worth individuals and 1,926 other individuals. Individuals account for about 98% of its regulatory assets.
Where is Northwest Asset Management headquartered?
Its main office is in Mercer Island, Washington. It reports 69 offices in total and 62 employees, 44 of whom perform investment advisory functions.
How does Northwest Asset Management charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Northwest Asset Management use?
It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab. On Schedule D of its Form ADV filed March 31, 2026, it reports these amounts held: Fidelity ($2.5B); Charles Schwab ($1.5B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Northwest Asset Management a hybrid RIA with a broker-dealer?
Northwest Asset Management reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Northwest Asset Management a fiduciary?
As an SEC-registered investment adviser, Northwest Asset Management 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 Northwest Asset 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 (2026-03-31), 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 →