Washington Growth Strategies LLC (Washington)

Name: Washington Growth Strategies LLC
Address: 2200 Pennsylvania Ave, Washington, DC, 20037
Telephone: 2025075725

Washington Growth Strategies LLC is a large advisory firm based in Washington. It manages $114.78 million of regulatory assets for 52 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of District of Columbia.

Washington Growth Strategies provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Washington Growth Strategies: assets under management

The assets under management (AUM) of Washington Growth Strategies LLC is $114.78 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -37% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $114.78 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.21 million each.

Investments

The firm invests in state and local bonds the most. They account for 43% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 22% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Washington Growth Strategies LLC for their services and products based on a percentage of assets under management and performance-based 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 Washington Growth Strategies serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Washington Growth Strategies is high net worth individuals with 8 clients and $108.94 million of assets under management. Among the 8 most similar advisory firms, Washington Growth Strategies has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $114.78 million for 9 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.

Washington Growth Strategies also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Washington Growth Strategies LLC

The company employs 1 person that is either a part- or full-time employee. 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

Name	Entity	Date acquired	Ownership	Employer ID
Michael S Calkin	Managing member/cco	1 Jul 2014	25% - 50%	5552261
Cody Charles Isdaner	Principal/cco	1 Jul 2014	75% - 100%	6338896
Coe Milton Magruder	Managing member	1 Aug 2014	50% - 75%	1399157

Based in Washington

The principal office where Washington Growth Strategies LLC performs its advisory services is located at 2200 Pennsylvania Ave, Washington, DC 20037, 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 2025075725. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at washingtongrowthstrategies.com.