Badgley Phelps Wealth Managers provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers. Financial planning was provided to 251–500 clients last fiscal year.
Badgley Phelps Wealth Managers reports 1,356 clients. They include 1,023 high-net-worth individuals, 259 individual clients, and 57 corporations and other businesses. Of its assets, 94.8% ($6.9B across 3,362 accounts) are managed with discretion; $380M across 124 accounts are not. Of its clients, 1% are outside the U.S. It advised 25 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 19% | 1% |
| High-net-worth individuals | 75% | 94% |
| Charitable organizations | 1% | 2% |
| Corporations and other businesses | 4% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 259 | $93.3M | 1.3% | $360K |
| High-net-worth individuals | 1,023 | $6.87B | 94.3% | $6.71M |
| Charitable organizations | 17 | $118M | 1.6% | $6.91M |
| Corporations and other businesses | 57 | $205M | 2.8% | $3.59M |
| Total | 1,356 | $7.28B | 100% | $5.37M |
- Clients
- 259
- Regulatory AUM
- $93.3M
- AUM share
- 1.3%
- Avg. per client
- $360K
- Clients
- 1,023
- Regulatory AUM
- $6.87B
- AUM share
- 94.3%
- Avg. per client
- $6.71M
- Clients
- 17
- Regulatory AUM
- $118M
- AUM share
- 1.6%
- Avg. per client
- $6.91M
- Clients
- 57
- Regulatory AUM
- $205M
- AUM share
- 2.8%
- Avg. per client
- $3.59M
Total
- Clients
- 1,356
- Regulatory AUM
- $7.28B
- AUM share
- 100%
- Avg. per client
- $5.37M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 25
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Badgley Phelps Wealth Managers charges 0.50%–0.90% a year for its Standard advisory fee schedule. The fee is negotiable and requires an account of at least $1,000,000. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning-only service
- Stand-alone financial planning: an initial flat fee of $4,000, which includes the first ten hours, then $350 an hour.
Focus Operating, LLC owns 75% or more of Badgley Phelps Wealth Managers and is in turn owned by Focus Financial Partners, LLC (75% or more). Julie Parisio Roy is CEO; the leadership team includes Chief Investment Officer Timothy Thomas and Chief Operating Officer David Spratt. It has 45 employees, 26 of them in advisory roles.
Leadership
Julie Parisio RoyChief Executive Officer and Wealth Manager
David SprattChief Compliance Officer and Chief Operating Officer
James CallaghanWealth Manager
Michael GerkeWealth Manager
Curtis PepinDirector of Marketing
Steven PhelpsWealth Manager
Patrick RodgersWealth Manager
Calvin SprangerFixed Income Manager and Wealth Manager
Timothy ThomasChief Investment Officer and Wealth Manager
Katherine WhamWealth Manager
Megan WileyWealth Manager and Financial Planner
Investment adviser representatives
28 representatives listed in the SEC register as of 9 October 2026.
- David Michael Berdine
- Payton Priscilla Chipley
- Michelle Lynn Decaire
- Ben James Duncanson
- Soren Milo Erickson
- Anna Josephine Inveen
- Tucker Michael Kiracofe
- Jacob Crawford Koodrich
- Kelsey Elizabeth Lichttenegger
- Natalie Athena Mackey
- Howard Davis Miracle
- Gregory Scott Robinson
- Michael John Schultz
- Edwin James Sondgroth JR.
- Mitchell T Steiner
- Johan Erik Strand
- Wendy Leigh Taylor
- Michael V. Whitehead
Staff
- 45 employees
- 26 in advisory functions
- 26 state-registered reps
- 3 soliciting firms
- Owns 75% or more of Badgley Phelps Wealth Managers, LLC
Focus Operating, LLC
Control person · since June 2021
- Owns 75% or more of Focus Operating, LLC
Focus Financial Partners, LLC
Control person · since January 2007
- Owns 50% to 75% of Focus Financial Partners, LLC
Focus Financial Partners Inc.
Control person · since July 2018
- Owns 75% or more of Focus Financial Partners Inc.
Ferdinand FFP Acquisition, LLC
Control person · since August 2023
- Owns 75% or more of Ferdinand FFP Acquisition, LLC
Ferdinand FFP Intermediate Holdings, LLC
Control person · since August 2023
- Owns 75% or more of Ferdinand FFP Intermediate Holdings, LLC
Ferdinand FFP Parent, Inc.
Control person · since August 2023
- Owns 75% or more of Focus Financial Partners Inc.
Ferdinand FFP Ultimate Holdings, LP
Control person · since August 2023
- Owns 50% to 75% of Badgley Phelps Wealth Managers, LLC
CD&R Ferdinand Holdings, L.P.
Control person · since August 2023
- Owns 50% to 75% of CD&R Ferdinand Holdings, L.P.
Clayton Dubilier & Rice Fund Xii, L.P.
Control person · since August 2023
- Owns 25% to 50% of CD&R Ferdinand Holdings, L.P.
CD&R Ferdinand Co-Investor, L.P.
Control person · since August 2023
Badgley Phelps Wealth Managers’ regulatory assets grew Infinity× from $0 (June 2021) to $7.28B (March 2026); employees rose from 22 to 45.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $7.28B | 1,356 | 45 | 4 |
| May 2025 | $5.9B | 1,101 | 43 | 4 |
| June 2024 | $5.13B | 1,037 | 37 | 4 |
| March 2023 | $4.21B | 963 | 23 | 2 |
| March 2022 | $4.77B | 902 | 24 | 2 |
| June 2021 | $0 | 0 | 22 | 1 |
Besides its headquarters, Badgley Phelps Wealth Managers has 3 offices (1 private residence, listed without an address), with 3 listed addresses in Idaho, Virginia and Washington.
Idaho · 1 listed address
- 675 Sun Valley Road, Ketchum
Virginia · 1 listed address
- 240 West Main Street, Charlottesville
Washington · 1 listed address
- 1420 Fifth Avenue, Suite 3200, SeattleHQ
Contact and registration details
- Legal name
- Badgley Phelps Wealth Managers, LLC
- Headquarters
- 1420 Fifth Avenue, Suite 3200, Seattle, WA 98101
- Website
- badgley.com
- Phone
- 206-623-6172
- SEC file
- 801-121830
- Structure
- Delaware LLC
- Fiscal year end
- December
Badgley Phelps Wealth Managers uses Charles Schwab ($5.67B) as custodian for its separately managed accounts. Badgley Phelps Wealth Managers has custody of $2.05B in client assets for 608 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $5.67B100%
At year end, Badgley Phelps Wealth Managers’ separately managed accounts were mostly in stocks (71%) and bonds (23%). Its reported 13F holdings for the quarter ended 30 June 2026 total $5.71B across 333 positions; the largest are Nvidia Corporation (4.8%), Apple Inc. (4.4%) and Microsoft Corp. (4.2%).
What the accounts hold
- Stocks71%
- Bonds23%
- State and local bonds10%
- Investment grade corporate bonds9%
- U.S. government and agency bonds4%
- Cash6%
Reported 13F holdings
- $5.71B
- Reported 13F value
- 333
- Positions
- 33.2%
- In the 10 largest
- +13.7%
- Value vs. prior quarter
- Nvidia Corporation4.8%
- Apple Inc.4.4%
- Microsoft Corp.4.2%
- iShares TR · MSCI Eafe ETF4.2%
- Vanguard Index Fds · Small CP ETF3.5%
- Amazon Com Inc.2.7%
- Vanguard Intl Equity Index F · FTSE Emr Mkt ETF2.7%
- iShares TR · Core S&P Mcp ETF2.5%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt2.4%
- Alphabet Inc. · Cap Stk CL C2.0%
Together, the ten largest are 33.2% of reported value.
How many clients does Badgley Phelps Wealth Managers have?
Badgley Phelps Wealth Managers has 1,356 clients and manages $7.28 billion for them, as of March 2026. They include 1,023 high-net-worth individuals, 259 individual clients, and 57 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Badgley Phelps Wealth Managers offer?
Badgley Phelps Wealth Managers provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Badgley Phelps Wealth Managers charge?
Badgley Phelps Wealth Managers charges 0.50%–0.90% a year for its Standard advisory fee schedule. The fee is negotiable and requires an account of at least $1,000,000.
Source: BADGLEY PHELPS WEALTH MANAGERS, LLC ADV PART 2A BROCHURE 03/31/2026, filed 31 March 2026
Which custodians does Badgley Phelps Wealth Managers use?
Badgley Phelps Wealth Managers’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $5.67B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Badgley Phelps Wealth Managers have?
Badgley Phelps Wealth Managers has 26 investment adviser representatives registered with state securities authorities, out of 45 employees, and 26 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Badgley Phelps Wealth Managers invest in?
At the end of its last fiscal year, Badgley Phelps Wealth Managers’ separately managed accounts held 71% exchange-traded equities, 10% state and local bonds, 9% investment grade corporate bonds, 6% cash and equivalents and 4% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Badgley Phelps Wealth Managers have a minimum investment?
Yes, Badgley Phelps Wealth Managers’ minimum account size for its Standard advisory fee schedule is $1M.
Source: BADGLEY PHELPS WEALTH MANAGERS, LLC ADV PART 2A BROCHURE 03/31/2026, filed 31 March 2026
Who owns Badgley Phelps Wealth Managers?
Badgley Phelps Wealth Managers is owned through a chain of holding companies by Ferdinand FFP Ultimate Holdings, LP, Ferdinand FFP Parent, Inc., CD&R Ferdinand Co-Investor, L.P. and Clayton Dubilier & Rice Fund Xii, L.P. Its direct owners are Focus Operating, LLC (75% or more) and CD&R Ferdinand Holdings, L.P. (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Badgley Phelps Wealth Managers get paid?
Badgley Phelps Wealth Managers is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Badgley Phelps Wealth Managers registered with the SEC?
Yes, Badgley Phelps Wealth Managers has been registered with the SEC as an investment adviser since 26 July 2021. Its CRD number is 315440 and its SEC file number is 801-121830.
Source: Form ADV Part 1A, Item 1, filed 31 March 2026; IAPD firm record
How do I contact Badgley Phelps Wealth Managers?
Badgley Phelps Wealth Managers’ main office is at 1420 Fifth Avenue, Suite 3200, Seattle, WA 98101. Its phone number is 206-623-6172. Its website is badgley.com.