First Washington Corporation logo

First Washington Corporation

Updated today

Client assets under management

$314,904,158

Clients

24

92% high-net worth

Advisors

3

of 5 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

8

Very Low

Average account size

$13,121,007

About

First Washington provides discretionary portfolio management to individuals, high‑net‑worth clients, trusts, estates, charitable organizations and retirement plans. The firm works with clients through personal discussions to identify goals, time horizons, risk tolerance and liquidity needs, and currently manages roughly $501 million for a relatively small client base of 24 accounts.

The firm’s investment process is fundamentally oriented with a growth‑at‑a‑reasonable‑price (GARP) philosophy that incorporates a value component across an all‑cap universe, and it emphasizes individual stocks, bonds, cash and cash alternatives when constructing portfolios. Portfolio managers use disciplined buy and sell guidelines, perform daily price monitoring and quarterly reviews, and consider trading activity and tax consequences when implementing changes.

Noteworthy features include its management of over $500 million of discretionary assets while serving a small number of accounts and operating with a compact advisory team and concentrated ownership (owned by Lewis Investors, LLC, with an individual indirectly holding 90% or more). The firm also uses a soft‑dollar arrangement with Bloomberg Tradebook to obtain market data and execution tools (including Bloomberg terminals and EMSX) and, by policy, does not vote client proxies, leaving proxy voting to clients.

Client services

Portfolio management

Expertise

Active portfolio management

Fee options

Percentage

$0 - $10,000,000: 1.00% $10,000,000+: Negotiated

Other

Account minimum: $250,000.00

Main office location

First Washington Corporation

2001 6 Th Ave, Ste 3400

Seattle WA 98121, United States

Number of offices

1

Most active in

Washington

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

John M

Series 65

Seattle, WA

First Washington Corporation

John Morbeck is a Series 65-licensed financial advisor with First Washington Corporation in Seattle, WA, where he has worked since 2005. He has 21 years of industry experience. First Washington Corporation provides discretionary portfolio management to individuals, high-net-worth clients, trusts, estates, charitable organizations, and retirement plans. The firm employs a growth-at-a-reasonable-price investment approach across an all-cap universe, managing over $500 million in assets for a small client base through a disciplined and fundamentally oriented process.

Active portfolio management
user avatar

Brander R

CFA®

Seattle, WA

First Washington Corporation

Brander Richmond is a CFA® charterholder with 11 years of industry experience. He is currently with First Washington Corporation, where he has worked since 2025. His prior roles include positions at Fulcrum Capital, Coldstream Wealth Management, and Rainier Group Investment Advisory. First Washington Corporation provides discretionary portfolio management to individuals, high-net-worth clients, trusts, estates, charitable organizations, and retirement plans. The firm follows a fundamentally oriented growth-at-a-reasonable-price (GARP) investment approach across an all-cap universe and manages approximately $501 million for a small client base.

Active portfolio management
user avatar

David L

Series 63, Series 65

Seattle, WA

First Washington Corporation

David Lewis is a financial advisor with First Washington Corporation in Seattle, holding Series 63 and Series 65 licenses and bringing 43 years of industry experience. He has been with First Washington since 2003. Lewis serves as a trustee for the E. Maxwell Foundation, a Seattle-based organization that administers scholarships to Washington college students and oversees related investments. First Washington Corporation provides discretionary portfolio management to individuals, high-net-worth clients, trusts, estates, charitable organizations, and retirement plans. The firm employs a growth-at-a-reasonable-price investment approach across an all-cap universe and manages over $500 million for a small client base through a compact advisory team.

Active portfolio management
Warmer team member

Not sure where to start?

We'll help you think it through – whether you ultimately need an advisor or not.

Call (201) 292-4557

Warmer provides personalized recommendations and introductions to independent fiduciary advisors. We do not supervise advisors, manage or hold assets, guarantee performance, or provide advice about specific investments.

Each advisor listed on our site is an independent fiduciary responsible for their own advice. Warmer may receive fees from advisors for participation or referrals; these fees are paid by advisors and do not affect the fees clients pay for advisory services.

For advisor listings, we rely on sources including public filings and data provided by advisors, and we cannot guarantee that all information is current or accurate. Please review an advisor's Form ADV and do your own diligence before entering into an advisory relationship.

By using our service, you agree to Warmer's Terms of Service and Advisory Agreement and Privacy Policy. Logos provided by Logo.dev

© 2026 Warmer Holdings Inc. ("Warmer")