180 Wealth Advisors, LLC (Federal Way)

Name: 180 Wealth Advisors, LLC
Address: 32125 32 Nd Avenue South, Suite 100, Federal Way, WA, 98001
Telephone: (253) 394-0720

180 Wealth Advisors, LLC is a large advisory firm based in Federal Way. It manages $363.24 million of regulatory assets for 1,973 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Hawaii, and 5 other states.

180 Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, 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.

180 Wealth Advisors: assets under management

The assets under management (AUM) of 180 Wealth Advisors, LLC is $363.24 million. The firm's AUM has grown by 159% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $275.4 million in discretionary accounts and $87.84 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $175.63 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $216.89 thousand.

180 Wealth Advisors has custody of $202.38 million in cash and securities for 296 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in state and local bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay 180 Wealth Advisors, 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 180 Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of 180 Wealth Advisors is high net worth individuals with 103 clients and $230.76 million of assets under management. Among the 10 most similar advisory firms, 180 Wealth Advisors has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $363.24 million for 667 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.

180 Wealth Advisors doesn't advise any private funds.

Careers at 180 Wealth Advisors, LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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
Darren Norman Henke	Managing member	1 Mar 2017	50% - 75%	1828390
Richard Wayne Buchan	Managing member & chief compliance officer	1 Mar 2017	50% - 75%	2079127

Based in Federal Way

The principal office where 180 Wealth Advisors, LLC performs its advisory services is located at 32125 32 Nd Avenue South, Suite 100, Federal Way, WA 98001, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (253) 394-0720. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at 180wealthadvisors.com.