First Washington Corporation
- Regulatory AUM
- $501M
- Discretionary
- $501M
- Clients
- 29
- Avg AUM / client
- $17.3M
- Accounts
- 29
- Employees
- 5
AUM over time
Annual snapshots from Form ADV filings · as of Dec 18, 2025
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 2 | $1.1M | 0.23% |
| High net worth individuals | 22 | $314M | 62.6% |
| Charitable organizations | 3 | $152M | 30.4% |
| Corporations and other businesses | 2 | $33.8M | 6.75% |
People (4)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| David Dixon Lewis | Manager | May 2003 (23y) | ≈ 37.5% – 75% via Lewis Investors, Llc | |
| Mcintyre, Teresa Ann | Secretary/Treasurer | Jun 2012 (14y) | Less than 5% | |
| John Phillip Morbeck | Registered representative | Oct 2005 (21y) | ||
| Brander Lee Richmond | Registered representative | CFA | Sep 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Lewis Investors, Llc | Owner | May 2003 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- David Dixon Lewis: 50% – 75% of Lewis Investors, Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 12/18/2025 | 910 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: FINRA FOUND THAT THE INDIVIDUAL FAILED TO ESTABLISH, MAINTAIN AND ENFORCE THE SUPERVISORY SYSTEM AND WRITTEN SUPERVISORY PROCEDURES (WSPS) OF A FORMER FINRA MEMBER FIRM IN CONNECTION WITH THE FIRM'S OPTIONS BUSINESS. FINRA ALSO FOUND THAT THE INDIVIDUAL FAILED TO ENFORCE THE FIRM'S WSPS REGARDING A REGISTERED REP PLACE UNDER HEIGHTENED SUPERVISION. FINRA ALSO FOUND THAT THE INDIV. FAILED TO AMEND HIS FORM U-4 TO DISCLOSE TAX LIENS THAT HAVE BEEN FILED BY THE IRS. THERE WERE NO WILLFUL FINDINGS AGAINST THE INDIVIDUAL. Status: Final Sanction Detail: TWO YEAR SUSPENSION IN ALL CAPACITIES BEGINNING ON NOVEMBER 2, 2015 AND ENDING ON NOVEMBER 1, 2017. THE PAYMENT OF THE FINE IS DEFERRED UNTIL SUCH TIME AS THE INDIVIDUAL ATTEMPTS TO BECOME RE-REGISTERED WITH FINRA Summary: IN AN EFFORT TO AMICABLY RESOLVE THIS MATTER, DAVID D LEWIS AGREED TO SETTLE WITH FINRA WITHOUT ADMITTING OR DENYING THE ALLEGATIONS. SINCE LEWIS AND THE FIRM ARE NO LONGER ASSOCIATED WITH FINRA HE CONSENTED TO THE SANCTIONS AS THERE WERE NO FINDINGS OF ANY WILLFUL VIOLATIONS OF ANY FINRA OR NASD RULES CONTAINED IN THE ORDER OF SETTLEMENT.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
Custody
Reported custodians
- U.S. Bank $441M (88% of AUM) Dec 2025
- Dorsey And Whitney Trust Company, Llc $59.9M (12% of AUM) Dec 2025
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Dec 18, 2025.
View current Form ADV (SEC/IAPD) ↗