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Washington Financial Advisors
Farr, Miller & Washington, LLC
1020 19th Street, NW, Suite 200
Washington, DC 20036
(202) 471-1055
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“Sound Investing”
Advisor Profile
Name: Michael Farr
Phone Number: (202) 471-1055
Website: Visit Website
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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