# Empirical Wealth Management

Empirical Wealth Management is a Bank / Wealth / Trust based in Seattle, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Seattle, United States
- **Region:** North America
- **Address:** Seattle, WA, United States
- **Founded:** 2011
- **Assets under management:** Undisclosed
- **Website:** empiricalwm.com
- **LinkedIn:** https://www.linkedin.com/company/empirical-wealth-management

## Regulatory record

- **CRD number:** 152622
- **SEC file number:** 801-72168
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-31T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/152622

## About

Empirical Wealth Management is an SEC-registered investment adviser in Seattle, WA, registered since 2011. The firm manages $8.4 billion in regulatory assets under management on a discretionary basis. It has 94 employees and 57 investment advisers.

## Sectors

- Venture Capital

## People

- Kenneth R. Mehlman — Member, Board of Directors

## Questions

### How does Empirical source its venture deals?

Empirical sources primarily through its network in the Pacific Northwest technology ecosystem and fund manager relationships concentrated in Seattle and Silicon Valley. The firm's investment committee evaluates opportunities across generalist technology verticals. Specific sourcing partners and deal origination metrics have not been publicly disclosed.

### What types of venture investments does Empirical make?

Empirical engages in both primary fund commitments to venture capital managers and curated direct co-investments alongside those managers. The firm targets growth-stage technology companies across enterprise software, consumer tech, fintech, and digital health. Investment stage parameters and average check sizes are not publicly reported.

### What is Empirical Wealth Management's AUM?

Empirical does not publicly disclose assets under management. The firm maintains a deliberately low public profile regarding its scale. No regulatory filing or third-party publication has reported a verified AUM figure.

### Who runs Empirical Wealth Management?

Mark J. O'Donnell serves as Chief Executive Officer. Kenneth R. Mehlman, former chairman of the Republican National Committee and current partner at KKR, sits on the board of directors. The broader investment committee and key decision-makers for venture allocations have not been publicly identified.

## Related profiles

- [Empire State Development](https://altss.com/profile/empire-state-development)
- [Winnipeg Civic Employees' Benefits Program](https://altss.com/profile/employee-benefits-board-of-the-city-of-winnipeg)

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Last updated: 2026-06-25T23:31:28.340Z

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