Sweetwater Investments Inc (Redmond)

Name: Sweetwater Investments Inc
Address: 8561 154 Th Avenue Ne, Redmond, WA, 98052
Telephone: 425.861.0112

Sweetwater Investments Inc is a large advisory firm based in Redmond. It manages $465.37 million of regulatory assets for 226 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut and Washington.

Sweetwater Investments provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and consulting. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sweetwater Investments: assets under management

The assets under management (AUM) of Sweetwater Investments Inc is $465.37 million. The firm's AUM has grown by 1531% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $347.86 million in discretionary accounts and $117.51 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.07 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.03 million.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 40% of the firm’s portfolio. Investments in investment grade corporate bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sweetwater Investments Inc 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 Sweetwater Investments serves?

The only and largest group of clients of Sweetwater Investments is high net worth individuals with 226 clients and $465.27 million of assets under management. Among the 13 most similar advisory firms, Sweetwater Investments has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $465.27 million for 226 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.

Sweetwater Investments doesn't advise any private funds.

Careers at Sweetwater Investments Inc

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 2 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 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
Dennis Robert Gibb	President, chief compliance officer	1 Jul 1989	75% - 100%	4349393
Michael Mccredy Baker	Managing director	1 Feb 2008	Other	1254497
Daryl Kim Miller	Director of financial planning	1 Dec 2010	Other	1331381

Based in Redmond

The principal office where Sweetwater Investments Inc performs its advisory services is located at 8561 154 Th Avenue Ne, Redmond, WA 98052, which is also the mailing address of the firm. An additional office of the firm is in Valhalla, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 425.861.0112 or by fax 425.272.4424. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at sweetwaterinv.com.