WASHINGTON AVENUE ADVISORS

RIASEC RegisteredEst. 2020

Total AUM

$337M

Discretionary

$318M

94% of AUM

Avg account

$235K

Accounts

1,432

Employees

Advisory reps

Firm details

Headquarters: LANSING, Michigan
CRD number: 307002
Registered since: April 17, 2020
Website: www.waadvisors.com
Custodians: CHARLES SCHWAB & CO., INC., SEI INVESTMENTS DISTRIBUTION CO.
Fee structure: Percentage of AUM, Fixed Fees
Client types: HNWI46.7%
Individuals42.77%
Pension & Profit Sharing Plans6.81%
Charitable Organizations2.72%
Corporations / Businesses1%
Services: Financial PlanningPortfolio Management for IndividualsEducational Seminars / Workshops

Firm profile

FINTRX

Overview

Washington Avenue Advisors is an independent, individual-owned registered investment adviser organized as an LLC and registered with the SEC in 2020. The firm serves both individual and family clients as well as institutional mandates, delivering financial planning, portfolio management for individuals and small businesses, and educational seminars. It also operates as an insurance broker and uses a mix of percentage-of-AUM and fixed-fee billing. The firm is not flagged as an active ESG investor, is not a multi-state adviser under its filing, and is not positioned as a pension consultant or capital allocator. Filings also list the firm in sponsor/GP/managing-member roles for pooled investment vehicles, indicating involvement on the manager/structuring side in addition to advisory activity.