Russell Investment Management, LLC (Seattle)
Russell Investment Management, LLC is a large advisory firm based in Seattle. It manages $43.26 billion of regulatory assets for 49,016 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.
Russell Investment Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Russell Investment Management: assets under management
The assets under management (AUM) of Russell Investment Management, LLC is $43.26 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -10% since the beginning of its operation, and $2.53 billion of the total AUM is attributable to clients outside of the United States.
Investments
The firm invests in pooled investment vehicles the most. They account for 67% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Russell Investment Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Mark Edward Swanson serves?
The firm provides services to individuals, investment companies, and pooled investment vehicles. The largest group of clients of Mark Edward Swanson is investment companies with 41 clients and $34.91 billion of assets under management. Among the 10 most similar advisory firms, Russell Investment Management has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $40.53 billion for 49,010 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.
Russell Investment Management also advises several private funds. Namely, two hedge funds and two liquidity funds.
Careers at Russell Investment Management, LLC
The company employs 255 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 80 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
Mark Edward Swanson has been acting as President since 1 May 2005. Mark Vincent Spina joined the executive team most recently as the Director.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 4 indirect owners.Based in Seattle
The principal office where Russell Investment Management, LLC performs its advisory services is located at 1301 Second Avenue, Seattle, WA 98101, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 206-505-7877. The normal business hours are 8:00 a.m. - 5:00 p.m. pst on Monday - Friday. You can find more information about the New York firm at russellinvestments.com/.
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