Cpwm, LLC (Seattle)

Name: Cpwm, LLC
Address: 1910 Fairview Ave E, Seattle, WA, 98102 3620
Telephone: 206-728-9063

Cpwm, LLC is a large advisory firm based in Seattle. It manages $3.72 billion of regulatory assets for 814 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alaska, Arizona, California, and 8 other states.

Cpwm provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cpwm: assets under management

The assets under management (AUM) of Cpwm, LLC is $3.72 billion. The firm's AUM has grown by 6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.43 billion in discretionary accounts and $1.3 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.58 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.42 million.

Cpwm has custody of $2.78 billion in cash and securities for 744 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 34% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 24% of the firm’s portfolio. Investments in exchange traded securities form 21% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cpwm, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cpwm serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Cpwm is high net worth individuals with 229 clients and $3.03 billion of assets under management. Among the 9 most similar advisory firms, Cpwm has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $3.72 billion for 551 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Cpwm also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $5,000,000.

Careers at Cpwm, LLC

The company employs 37 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. 24 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Llc Cpwm Holdco joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Alexander Bryant Washburn	Manager/member	1 Jan 2011	Other	2242453
Daniel Ray Baty	Member	1 Jan 2011	Other	5269632
Llc Quartermaster	Member	1 Jan 2011	Other	20-8540009
Peder Andrew Schmitz	Member	1 Mar 2011	Other	2869940
Alan Wood Spragins	General counsel	1 Aug 2012	Other	5511431
Tyler Scott Ward Gaspard	Member	1 Jan 2013	Other	5618492
Derek Ashton Crump	Chief executive officer/member	1 May 2015	Other	4531442
Cheryll June Calaguio	Chief compliance officer	1 Mar 2018	Other	6922698
Brandon Timothy Mckerney	Member/ director of operations	1 Mar 2018	Other	5984120
Llc Cpwm Holdco	Member	1 Dec 2018	50% - 75%	83-2915708

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Stanley Logan Baty	Managing member	1 Mar 2011	75% - 100%	2370699
Alexander Bryant Washburn	Managing member	1 Dec 2018	25% - 50%	2242453
Peder Andrew Schmitz	Managing member	1 Dec 2018	Other	2869940

Based in Seattle

The principal office where Cpwm, LLC performs its advisory services is located at 1910 Fairview Ave E, Seattle, WA 98102 3620, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 206-728-9063 or by fax 206-357-9307. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at columbiapacificwm.com.