Russell Investments Implementation Services, LLC is a large advisory firm based in Seattle. It manages $117.64 billion of regulatory assets for 601 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of New York and Washington.
Russell Investments Implementation Services provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and transition management; portfolio solutions; policy implementation services; currency management services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Russell Investments Implementation Services, LLC is $117.64 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -14% since the beginning of its operation, and $70.12 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Russell Investments Implementation Services, LLC for their services and products based on a percentage of assets under management, fixed fees, commissions, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to insurance companies, investment companies, other investment advisers, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Jeffrey Todd Mr. Hussey is state or municipal government entities with 66 clients and $38.85 billion of assets under management. Among the 8 most similar advisory firms, Russell Investments Implementation Services has the highest percentage of state or municipal government entities out of all clients.
The amount of regulatory assets under management is $116.22 billion for 595 clients. 63% of the firm’s clients are foreign persons or businesses.
Russell Investments Implementation Services also advises several private funds.
The company employs 181 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 44 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Jeffrey Todd Mr. Hussey has been acting as President since 1 Oct 2013. Richard William Smirl joined the executive team most recently as the President.
The principal office where Russell Investments Implementation Services, LLC performs its advisory services is located at 1301 Second Avenue, Seattle, WA 98101, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 206-505-7877. The normal business hours are 8:00 am - 5:00 pm pst on Monday - Friday. You can find more information about the New York firm at russellinvestments.com/.