Farr Miller & Washington LLC (Washington)

Name: Farr Miller & Washington LLC
Address: 1020 19 Th Street, Nw, Washington, DC, 20036
Telephone: 202-530-5600

Farr Miller & Washington LLC is a large advisory firm based in Washington. It manages $1.51 billion of regulatory assets for 1,124 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Connecticut, and 14 other states.

Farr Miller & Washington provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Farr Miller & Washington: assets under management

The assets under management (AUM) of Farr Miller & Washington LLC is $1.51 billion. The firm's AUM has grown by 317% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.51 billion in discretionary accounts and $4.65 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.35 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $516.47 thousand.

Farr Miller & Washington has custody of $987.25 million in cash and securities for 921 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 71% of the total AUM. The second-largest asset type is state and local bonds, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Farr Miller & Washington LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Farr Miller & Washington 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 Farr Miller & Washington is high net worth individuals with 707 clients and $842.54 million of assets under management. Among the 9 most similar advisory firms, Farr Miller & Washington has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.32 billion for 1,123 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.

Farr Miller & Washington doesn't advise any private funds.

Careers at Farr Miller & Washington LLC

The company employs 14 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 14 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Taylor Dunn Mcgowan has served as the Chief Investment Officer since 1 Feb 2015. Fmw Holdings Llc joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Susan Williams Cantus	Chief compliance officer	1 Jun 1996	Other	1908548
John Augustine Washington	Managing director	1 Jul 1996	Other	459552
Elmon Adams Miller	Managing director	1 Jul 1996	Other	334720
Christopher Morrison Meeker	Research analyst	1 Jul 2007	Other	3239005
Fmw Holdings Llc	Owner	1 Jan 2009	75% - 100%	26-3899729
Taylor Dunn Mcgowan	Chief investment officer	1 Feb 2015	Other	3118503

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Keogh Farr	President	1 Jun 1996	75% - 100%	1763405
Caroline Savage	Principal	1 May 2001	Other	3038123
Michael Christopher Fox	Chief financial officer/ portfolio manager	1 Nov 2003	Other	4781241
Taylor Dunn Mcgowan	Chief investment officer	1 Jun 2005	Other	3118503
Keith Brian Davis	Research analyst/ portfolio manager	1 Jul 2007	Other	3090269
Michael Christopher Fox	Chief financial officer/ portfolio manager	1 Jan 2008	Other	4781241

Based in Washington

The principal office where Farr Miller & Washington LLC performs its advisory services is located at 1020 19 Th Street, Nw, Washington, DC 20036, which is also the mailing address of the firm. An additional office of the firm is in Memphis, TN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 202-530-5600 or by fax 202-530-5508. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at farrmiller.com.