First Washington Corporation
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$314,904,158
Clients
24
Advisors
3
across 2 offices
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
Expertise
Fee options
$0 - $10,000,000: 1.00% $10,000,000+: Negotiated
Account minimum: $250,000.00
Main office
See office2001 6th Ave, Ste 3400
Seattle WA 98121
Advisors at this office
2
Offices (2)
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
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
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.
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.
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.
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