Nwam, LLC (Mercer Island)

Name: Nwam, LLC
Address: 2835 82 Nd Avenue Se, Mercer Island, WA, 98040
Telephone: 206-838-3680

Nwam, LLC is a large advisory firm based in Mercer Island. It manages $1.37 billion of regulatory assets for 4,782 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 25 other states.

Nwam provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Nwam: assets under management

The assets under management (AUM) of Nwam, LLC is $1.37 billion. The firm's AUM has grown by 1159% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $959.41 million in discretionary accounts and $413.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $256.53 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $396.69 thousand.

Nwam has custody of $68.47 million in cash and securities for 440 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nwam, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Nwam serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Nwam is high net worth individuals with 320 clients and $829.89 million of assets under management. Among the 11 most similar advisory firms, Nwam has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.37 billion for 1,947 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.

Nwam doesn't advise any private funds.

Careers at Nwam, LLC

The company employs 32 people that are either part- or full-time employees. 97 percent of the employees work as investment advisers or researchers. 31 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gregory Allen Headrick	Managing member, chief compliance officer	1 Jul 2008	75% - 100%	2270615
Nelly Olinda Mubashi	Chief operations officer	1 Jan 2013	Other	4708949

Based in Mercer Island

The principal office where Nwam, LLC performs its advisory services is located at 2835 82 Nd Avenue Se, Mercer Island, WA 98040, which is also the mailing address of the firm. An additional office of the firm is in Santa Rosa, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 206-838-3680 or by fax 206-838-3681. The normal business hours are 8:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at nwasset.com and its LinkedIn profile.