Business Description
Founded in 1996 by investment managers with decades of respected experience in the field, Farr, Miller & Washington combines analytical and management excellence with accessibility and close client contact. The four corners of our investment philosophy are quality, growth, fundamental analysis, and long-term focus. Our goal is to provide conservative long-term portfolio management to individuals and institutions in the Washington, D.C. area and across the nation. Michael K. Farr is President and majority owner of Farr, Miller & Washington, LLC. He is the author of “A Million Is Not Enough”, and can be seen regularly on CNN, CNBC, Bloomberg, Reuters, and the Nightly Business Report
General Information Gender:    Male CRD#:    1763405 Firm CRD#:    107553 SEC File#:    801-52081 States Licensed in:    DC, VA, TX States Willing to do Business in:    All States Years of Experience in Financial Services:    21 Number of Years with Current Firm:    12 Work Experience:    Prior to joining FM&W, Mr. Farr worked for Wheat First Securities, and spent six years with Alex. Brown & Sons, where he was a Principal.. I work with the following types of clients:    Businesses, Investment Clubs, Individual Investors, Non-Profit Organizations
Education Academic Background   Graduate of the University of the South in Sewanee, Tennessee.
Services Investment Types:    Exchange Traded Funds (ETFs), Stocks, Bonds
Qualifications & Memberships Securities Licenses:    Series 65 Financial Organization Memberships:    Economic Club Of Washington Non-Financial Organization Memberships:    Chairman of Sibley Memorial Hospital Foundation. Board of Trustees at Sibley Memorial Hospital. Young President's Organization.
Firm Information Number of Advisors in Office:    Up to 10 employees I work with clients as part of a team:    Yes Firm's Number of Clients:    350+ Firm's Number of Managed Clients:    350+ Assets Managed by Firm:    $550,000,000+
Compliance Registered Investment Advisor:    Yes Registered Representative:    Yes Investment Advisor Representative:    Yes I am an acknowledged fiduciary:    Yes Compliance Disclosures in Last 5 years:    I have a clean record Criminal Disclosures in Last 5 years:    I have a clean record
Compensation & Fees I am a fee-based financial professional:    Yes Minimum Portfolio Size for New Managed Accounts:    $500,000 Compensation Methods:    Based on Assets Fee % Based on Assets:    1% Additional Details on Charges:    Client shall pay Adviser an annual fee for services which shall be billed quarterly and payable in advance. Each quarterly billing shall be twenty-five (25%) of the appropriate annual fee applied to the market value of the Account, including cash and equivalents, as of the close of business on the last day of the preceding quarter. Adviser's standard fee schedule is as follows: Asset Under Management Annual Fee 0 - $2,000,000 ------1.00% $2,000,001 - $4,000,000------0.80% $4,000,001 AND UP------0.60% Minimum Fee Charged for Managed Accounts:    $5,000
Prepared By:	Michael Farr
Most Recent Update:	12/01/2008

Frequently Asked Questions

Q.	What are your qualifications? What is your education background?

Q.	What services do you offer?

Q.	Will you be the only person working with me?

Q.	How are you compensated? How will I pay for your services?

Q.	If you are going to manage my account, will you obtain my permission every time you buy or sell something?

Q.	How much risk should I be willing to take?

Q.	Have you ever been charged with any breaches?

Q.	What services do you provide? What are your specialties?

Q.	What is your experience? How many clients do you currently manage?

Q.	How do you charge for your services?

Q.	Do you provide a free initial consultation?

Q.	Why should I choose you as my financial advisor?

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Q.	What are your qualifications? What is your education background?
At Farr, Miller & Washington, LLC we have a team of analysts and tax specialists that ensure only the most appropriate investment decisions are made. To see more about our management team, please visit www.farrmiller.com/management_team.html

Q.	What services do you offer?
Farr, Miller & Washington works with individuals/families, estates/trusts, foundations, institutions and endowments, and retirement funds providing each with the special attention and insight they need. The four corners of our investment philosophy are quality, growth, fundamental analysis, and long-term focus. Additional information can be found at www.farrmiller.com/our_services.html

Q.	Will you be the only person working with me?
No, because of our unusually large number of professionals per portfolio, the full breadth and depth of our knowledge is applied to each client's investments. Every account is intensely monitored on a regular basis to meet client objectives. Every client relationship is strengthened by frequent communications.

Q.	How are you compensated? How will I pay for your services?
We have an asset based fee.

Q.	If you are going to manage my account, will you obtain my permission every time you buy or sell something?
No, we obtain custody of our clients' funds and make investment decisions based on their own pre-determined investment objectives.

Q.	How much risk should I be willing to take?
We will discuss with you your investment objectives to determine how much risk should be taken in your portfolio. Our equity investment process is analysis-driven, employing a disciplined, bottom-up approach emphasizing reduced risk and preservation of capital. Each company is considered for its appropriateness to individual portfolios and to the client’s established investment objectives.

Q.	Have you ever been charged with any breaches?
No

Q.	What services do you provide? What are your specialties?
We offer objective driven portfolio management. Our portfolio managers work with you to define your investment objectives. The goal is to learn as much as possible about what you want to accomplish, focusing on concerns such as the total balance sheet, diversification, issues of timing, inflation, sensitivity, income requirements, and tax and estate planning issues.

Q.	What is your experience? How many clients do you currently manage?
The principals of Farr, Miller & Washington share over one hundred years of professional experience. We work with individuals/families, estates/trusts, foundations, institutions and endowments, and retirement funds providing each with the special attention and insight they need.

Q.	How do you charge for your services?
We have an asset based fee

Q.	Do you provide a free initial consultation?
Yes

Q.	Why should I choose you as my financial advisor?
In general, we believe our long-term view leads to low portfolio turnover and higher realized returns. Clients will receive information on their portfolios in the form of monthly custodial statements, transaction confirmations, quarterly performance analysis and regular strategy conferences. By keeping the client involved in the investment process, we ensure consistency of focus and purpose.