Broker-dealer firm · Spokane, WA
Wealth Asset Managers
Nelson Securities,inc. · SEC-registered investment adviser · CRD 14377 · SEC 801-41346
At a glance
Wealth Asset Managers is an SEC-registered investment adviser based in Spokane, Washington, with $322 million in regulatory assets under management as of its Form ADV filed September 5, 2026. Its largest client group by assets is individuals, and it reports 1,996 individual clients. By Form ADV it is a broker-dealer firm, ranked 240th of 391 broker-dealer firms and 9,820th of 17,210 SEC-registered advisers by assets.
Main office 509-838-1313nelsonsecurities.comAs filed on Form ADV
- Regulatory AUM
- $322M
- Rank among broker-dealer firms
- #240 of 391
- Rank among all SEC RIAs
- #9,820 of 17,210
- Rank in Washington
- #141 of 271
- Individual clients
- 1,996
- High-net-worth clients
- 0
- Accounts
- 2,006
- Discretionary
- 92% of AUM
- Employees
- 15
- Advisory staff
- 9
- Offices
- 2
Owners and executives on its Form ADV
- Patrick Kevin DonahueTreasurer, CFO
- Robert Owen Jr NelsonPresident, CEO
- Shyla Suzanne GibsonChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Wealth Asset Managers is a hybrid RIA: 11 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 1,996 | $319M | 99% |
| Corporations or other businesses | 7 | $2M | <1% |
| Pension and profit sharing plans | – | $1M | <1% |
| Charitable organizations | – | $0M | <1% |
Disciplinary disclosures
Wealth Asset Managers reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Periodicals or newsletters
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗nelsonsecurities.com ↗
AtlasMembers
The full record on Wealth Asset 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, ten years of filings
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- Growth over one, three and five years
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- Rank against 164 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.
Background
Questions
How much does Wealth Asset Managers manage?
Wealth Asset Managers reports $322 million in regulatory assets under management across 2,006 accounts, 92% of it on a discretionary basis, on its Form ADV filed September 5, 2026.
What kind of firm is Wealth Asset Managers?
Wealth Asset Managers is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser.
Who are Wealth Asset Managers’s clients?
By assets, its largest client types are individuals ($319 million, 1,996 clients); corporations or other businesses ($2 million, 7 clients); pension and profit sharing plans ($829,221).
Does Wealth Asset Managers have any disciplinary history?
Wealth Asset Managers 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 Wealth Asset 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 (2026-09-05), 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 →