Hamrick Investment Counsel, LLC (Seattle)
Hamrick Investment Counsel, LLC is a large advisory firm based in Seattle. It manages $132.21 million of regulatory assets for 124 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California and Washington.
Hamrick Investment Counsel provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and investment consultations. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Hamrick Investment Counsel: assets under management
The assets under management (AUM) of Hamrick Investment Counsel, LLC is $132.21 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 312% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in investment and business development companies the most. They account for 61% of the total AUM. The second-largest asset type is exchange traded securities, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Hamrick Investment Counsel, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Hamrick Investment Counsel serves?
The firm provides services to individuals and high net worth individuals. The largest group of clients of Hamrick Investment Counsel is high net worth individuals with 38 clients and $116.77 million of assets under management. Among the 11 most similar advisory firms, Hamrick Investment Counsel has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $123.15 million for 56 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.
Hamrick Investment Counsel doesn't advise any private funds.
Careers at Hamrick Investment Counsel, LLC
The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Based in Seattle
The principal office where Hamrick Investment Counsel, LLC performs its advisory services is located at 2033 Sixth Avenue, Suite 820, Seattle, WA 98121, 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 206-441-9911 or by fax 206-441-9922. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at hamrickinvestment.com.
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