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Freestone Capital Management

SEC-registered adviser since 2008Seattle, WACRD 145711

$14.5B
AUM
2,994
Clients
See fees
Fee
46
Advisory staff

From Form ADV filed 29 June 2026 · data retrieved 15 October 2026SEC record

Freestone Capital Management is an investment adviser headquartered in Seattle, Washington, and registered with the SEC since 2008. Its clients include high-net-worth individuals, other individuals and pooled investment vehicles. High-net-worth individuals account for 58% of its regulatory assets under management.

Its services include financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, selecting other managers, and educational seminars. Fee arrangements include a percentage of assets under management, fixed fees and performance-based fees. Freestone Capital Holdings LLC owns 75% or more of Freestone Capital Management.

Clients

Freestone Capital Management serves 2,994 clients, 1,337 of them high-net-worth individuals. The average client has about $4.9 million with the firm, and high-net-worth clients hold 58% of its $14.5 billion in assets.

Regulatory assets by client type
  • Individuals1,569 clients20%
  • High-net-worth individuals1,337 clients58%
  • Pooled investment vehicles16 clients18%
  • Corporations and other businesses33 clients3%
  • OtherPension and profit-sharing plans, Charitable organizations1%
Show client breakdown
Individuals (other than HNW)
Clients
1,569
Regulatory AUM
$2,948,033,048
Share
20.3%
Avg. per client
$1.88M
High-net-worth individuals
Clients
1,337
Regulatory AUM
$8,401,735,687
Share
57.8%
Avg. per client
$6.28M
Pooled investment vehicles
Clients
16
Regulatory AUM
$2,573,747,154
Share
17.7%
Avg. per client
$160.9M
Pension and profit-sharing plans
Clients
26
Regulatory AUM
$70,025,934
Share
0.5%
Avg. per client
$2.69M
Charitable organizations
Clients
13
Regulatory AUM
$75,198,872
Share
0.5%
Avg. per client
$5.78M
Corporations and other businesses
Clients
33
Regulatory AUM
$472,084,967
Share
3.2%
Avg. per client
$14.3M

Total

Clients
2,994
Regulatory AUM
$14,540,825,662
Share
100%
Avg. per client
$4.86M

What it does

Freestone Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, selecting other managers and educational seminars. It is paid through a percentage of assets, fixed fees and performance-based fees.

Freestone Capital Management provided financial planning to 3,000 clients last fiscal year and advises 14 private funds.

68.6% of assets ($9.97B across 2,797 accounts) are managed with discretion; $4.57B across 1,697 accounts are not. 1% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks89%
    • Exchange-traded equities88%
    • Non-exchange-traded equities1%
  • Funds6%
  • Bonds3%
    • U.S. government and agency bonds1%
    • State and local bonds1%
    • Investment grade corporate bonds1%
  • Cash2%

Custodians

Freestone Capital Management’s client accounts are held mainly at Charles Schwab, with 77% of managed assets. Freestone Capital Management has custody of $4.90B for 2,738 clients.

Managed account assets by custodian
  • Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $11.26B77%
  • All other custodians$3.28B23%

Ownership and leadership

Freestone Capital Holdings LLC owns 75% or more of Freestone Capital Management.

Who owns the firm
Freestone Capital Management, LLC· the adviser

  • Freestone Capital Holdings LLC

    Control person · since March 2008

    Owns 75% or more of Freestone Capital Management, LLC

Leadership

  • Jennifer Moreland
    Chief Financial Officer
  • Jessica Rodriguez
    Chief Compliance Officer
  • George Chang
    General Counsel
  • Gary Furukawa
    Manager / Chief Investment Officer
  • Erik Morgan
    Manager / Managing Partner
  • Matthew Tigert
    Managing Director Advisory Operations

Staff

  • 120 employees
  • 46 in advisory functions
  • 62 state-registered reps
  • 3 insurance agents
  • 15 soliciting firms

Reported holdings

Freestone Capital Management’s reported 13F holdings total $3.86B across 626 positions, and the ten largest make up 46.1% of it.

$3.86B
Reported 13F value
626
Positions
46.1%
In the 10 largest
+17.0%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. iShares TR · Core S&P500 ETF13.9%
  2. Vanguard Tax-managed Fds · Van FTSE Dev Mkt5.4%
  3. Microsoft Corp.4.6%
  4. Apple Inc.4.0%
  5. Nvidia Corporation4.0%
  6. State Str SPDR S&P 500 ETF T · TR Unit3.0%
  7. Amazon Com Inc.2.9%
  8. iShares TR · Core US Aggbd ET2.8%
  9. Vanguard BD Index Fds · Short Trm Bond2.7%
  10. Vanguard Intl Equity Index F · FTSE Emr Mkt ETF2.7%

Together, the ten largest are 46.1% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 31 July 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $3.86B is not its $14.54B in regulatory assets and does not represent any individual client's portfolio.

Fees

Freestone Capital Management is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.

Freestone Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Freestone Capital Management has 4 offices, with 5 listed addresses across 3 states.

Listed office addresses by state

Washington · 1 listed address

  • 701 5th Avenue, 74th Floor, SeattleHQ

Other business names

Freestone Capital Management has reported 1 other business name to the SEC.

  • Freestone

Registration details

Legal name
Freestone Capital Management, LLC
Headquarters
701 5th Avenue, 74th Floor, Seattle, WA 98104
Phone
206-707-7300
Website
www.freestonecapital.com
SEC file
801-69073
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Freestone Capital Management have?

Freestone Capital Management has 2,994 clients and manages $14.5 billion for them, as of June 2026. They include 1,569 other individuals, 1,337 high-net-worth individuals and 33 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 29 June 2026

What services does Freestone Capital Management offer?

Freestone Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, selecting other managers and educational seminars.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Freestone Capital Management use?

Freestone Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $11,262,108,048. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 June 2026

How many financial advisors does Freestone Capital Management have?

Freestone Capital Management has 62 investment adviser representatives registered with state securities authorities, out of 120 employees, and 46 perform investment advisory functions. 0 are registered representatives of a broker-dealer and 3 are 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 Freestone Capital Management invest in?

At the end of its last fiscal year, Freestone Capital Management’s separately managed accounts held 88% exchange-traded equities, 6% registered funds (mutual funds, ETFs, BDCs), 2% cash and equivalents, 1% non-exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local bonds and 1% investment grade corporate bonds. It advises 14 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Freestone Capital Management?

Freestone Capital Management’s direct owner is Freestone Capital Holdings LLC (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 29 June 2026

How does Freestone Capital Management get paid?

Freestone Capital Management is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 29 June 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 145711.
  3. Form 13F-HR, filed 31 July 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Freestone Capital Management, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.