SEC-registered independent wealth management RIA
Badgley Phelps Wealth Managers
As of its Form ADV filed March 31, 2026, Badgley Phelps Wealth Managers, an SEC-registered independent wealth management RIA in Seattle, Washington, reported $7.3 billion in regulatory assets under management across 3,486 accounts, ranking #6 among independent RIAs in Washington by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 315440
- SEC file number
- 801-121830
- Registered since
- July 26, 2021
- Latest Form ADV filing
- March 31, 2026
- Legal name
- BADGLEY PHELPS WEALTH MANAGERS, LLC
- Organized as
- Limited Liability Company
- Fiscal year ends
- December
- Other offices
- 3
Key figures
- Regulatory assets under management
- $7.3 billion
- Discretionary
- $6.9 billion (94.8%)
- Non-discretionary
- $380.0 million
- Accounts
- 3,486 (3,362 discretionary)
- Clients
- 1,381, approximate as reported
- Employees
- 45
- Advisory staff
- 26 performing investment advisory functions
- Average account
- $2.1 million
- Asset growth, 1 year
- 23.3% (from $5.9 billion a year earlier)
- Asset growth, 3-year annual rate
- 20.1% (from $4.2 billion three years earlier)
- Asset growth, 5-year annual rate
- 10.7% (from $4.4 billion five years earlier)
- Client growth, 1 year
- 22.6% (from 1,126)
Independent wealth management RIA: individual and high net worth clients hold at least half of its regulatory assets, it offers financial planning or portfolio management for individuals, and it is not a broker-dealer, a bank or part of one by the directory's rules. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among independent wealth management RIAs.
| Ranking | Nationally | In Washington | Value |
|---|---|---|---|
| Largest independent RIAs by assets under management | #158 | #6 | $7.3 billion |
| Fastest-growing independent RIAs over one year | #1,751 | #63 | 23.3%from $5.9 billion |
| Fastest-growing independent RIAs over three years | #1,610 | #62 | 20.1%from $4.2 billion |
| Fastest-growing independent RIAs over five years | #2,260 | #81 | 10.7%from $4.4 billion |
| Independent RIAs with the biggest asset gains over one year | #151 | #8 | $1.4 billion |
| Independent RIAs with the most clients | #634 | #16 | 1,381 |
| Independent RIAs with the fastest client growth over one year | #647 | #19 | 22.6%from 1,126 |
| Independent RIAs with the most accounts | #561 | #16 | 3,486 |
| Independent RIAs with the most advisory staff | #360 | #11 | 26 |
| Independent RIAs with the most high net worth clients | #184 | #6 | 1,023 |
| Independent RIAs with the most CFP professionals | #547 | #16 | 6 |
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 4, 2021 | $4.4 billion |
| October 3, 2022 | $4.8 billion |
| October 5, 2023 | $4.2 billion |
| October 1, 2024 | $5.1 billion |
| September 2, 2025 | $5.9 billion |
| October 2, 2026 | $7.3 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 1,023 clients | $6.9 billion | |
| Corporations or other businesses 57 clients | $204.7 million | |
| Charitable organizations 17 clients | $117.5 million | |
| Individuals (other than high net worth) 259 clients | $93.3 million |
How the firm is paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Other
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for businesses or institutional clients
- Selection of other advisers
- Other
Financial planning clients (Item 5.H): 251-500.
Wrap fee program sponsor or portfolio manager: no.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Other financial products
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Other investment adviser
- Commodity pool operator or commodity trading advisor
- Futures commission merchant
- Accountant or accounting firm
- Lawyer or law firm
- Insurance company or agency
- Pension consultant
- Real estate broker, dealer or agent
- Sponsor or syndicator of limited partnerships
- Sponsor, general partner or managing member of pooled investment vehicles
Custody (Item 9)
The firm reported custody of client cash or securities, $2.1 billion in total.
Investment adviser representatives
- IARs registered with the firm
- 28
- Also registered through a broker-dealer
- 0
- Employees who are IARs (Form ADV 5.B(3))
- 26
Designations held by the firm's IARs: CFA 10, CFP 6, CIC 2, ChFC 1.
1 of the firm's 28 IARs is registered in jurisdictions that require IAR CE. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 0 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in Washington
| Firm | City | RAUM |
|---|---|---|
| Empirical Wealth Management | Seattle | $8.4 billion |
| Evergreen Capital Management LLC | Bellevue | $7.2 billion |
| Threadline Wealth | Bellevue | $5.8 billion |
| Northwest Asset Management | Mercer Island | $4.1 billion |
| Parcion Private Wealth LLC | Bellevue | $3.0 billion |
The five independent RIAs nearest in regulatory assets with a main office in the same state.
Elsewhere
- Badgley Phelps Wealth Managers on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.badgley.com
- Independent RIAs in Washington
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.