Washington Capital Management Inc (Seattle)

Name: Washington Capital Management Inc
Address: 1200 6 Th Ave, Seattle, WA, 98101 3123
Telephone: 206-382-0825

Washington Capital Management Inc is a large advisory firm based in Seattle. It manages $4.11 billion of regulatory assets for 202 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Massachusetts, Nevada, Oregon, and Washington.

Washington Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Washington Capital Management: assets under management

The assets under management (AUM) of Washington Capital Management Inc is $4.11 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 225% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.11 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $20.34 million each.

Washington Capital Management has custody of $23.35 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 70% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 9% of the firm’s portfolio. Investments in government bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Washington Capital Management Inc for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Michael Gerard Russell serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Michael Gerard Russell is pooled investment vehicles with 5 clients and $3.53 billion of assets under management. Among the 9 most similar advisory firms, Washington Capital Management has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.11 billion for 80 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.

Washington Capital Management also advises several private funds. Namely, five other private funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Washington Capital Management Inc

The company employs 71 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Michael Gerard Russell has been acting as President since 1 Jan 2012. Robert Michael Kovecs joined the executive team most recently as the Director Of Finance.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Gerard Russell	Director/chairman/ceo	1 Nov 1992	25% - 50%	4345356
Joseph Suty	Director/principal	1 Sep 1993	Other	2310287
Joseph Thomas Suty	Director/principal	1 Sep 1993	Other	2310287
Lorrie Marie Reiterman	Director/chief financial officer	1 Apr 1997	Other	1788548
Lorrie Reiterman	Director/chief financial officer	1 Apr 1997	Other	1788548
Ernest Lee Jahncke	Director	1 May 1997	Other	4345386
Georges Bindschedler	Preferred stockholder	1 May 1997	75% - 100%	4343419
Georges Leo Bindschedler	Preferred stockholder	1 May 1997	75% - 100%	4343419
Bruce Lynn Church	Portfolio manager/principal	1 Aug 1997	Other	1257164
Kevin Doyle Anderson	Manager, info systems	1 Sep 1998	Other	1391722
Donald Robert Maescher	President, wcm california	1 Dec 1998	Other	824094
Richard Wade Hardan	Director	1 Sep 2000	Other	4345389
Elana Dimitrenko Russell	Portfolio manager/principal	1 Oct 2001	Other	1901777
Cory Alan Carlson	Director	1 Oct 2002	Other	4594715
Mark Donald Clifford	Director/director of real estate	1 Aug 2003	Other	6765065
Georges Leo Bindschedler	Director	1 Feb 2006	Other	4343419
Heiko Helmut Thieme	Preferred shareholder	1 Feb 2006	75% - 100%	828825
Randal Gene Goodwin	Director	1 Sep 2006	Other	4551834
Patrick Sean Malley	Portfolio manager	1 Mar 2007	Other	5302506
Patrick Sean Malley	Director/senior vice president	1 Sep 2009	Other	5302506
James Darrow Hummer	Shareholder	1 Dec 2010	Other	5897762
Michael Gerard Russell	Director/chairman/senior vice president	1 Jan 2012	Other	4345356
Cory Alan Carlson	Director/president/ceo	1 Jan 2012	25% - 50%	4594715
Michael Si Ho Cheung	Director	1 Sep 2012	Other	1768323
Kristi Anne Guay	Director	1 Sep 2012	Other	4424159
Thomas Garrett Fisher	Director/portfolio manager, debt	1 Jan 2013	Other	1687589
Tracey Lee Voll	Chief compliance officer	1 Oct 2013	Other	2272902
Paul Gerard Ravetta	Director/vp director of marketing	1 Sep 2016	Other	2222661
Joseph Angelo Versaggi	Director/senior vice president, real estate	1 May 2017	Other	4380693
Robert Michael Kovecs	Director of finance	1 May 2018	Other	2852655
David Kevin Littlefield	Vice president, special projects	1 May 2018	Other	6951959

Based in Seattle

The principal office where Washington Capital Management Inc performs its advisory services is located at 1200 6 Th Ave, Seattle, WA 98101 3123, 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 206-382-0825 or by fax 206-382-0950. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at wcmadvisors.com/.