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Petersen Hastings Wealth Advisors
PETERSEN HASTINGS WEALTH ADVISORS, INC. is an SEC-registered investment adviser in KENNEWICK, WA, since 1983.
Petersen Hastings Wealth Advisors
PETERSEN HASTINGS WEALTH ADVISORS, INC. is an SEC-registered investment adviser in KENNEWICK, WA, since 1983. The firm manages approximately $1.6 billion in assets. It has 19 employees and 16 investment advisers.
General information
Firm type
Multi Family Office
Year founded
1989
AUM
Undisclosed
Location
Region
North America
Country
US
City
Kennewick
Corporate office
Richland, WA, United States
Principals
Tom Hastings
CEO
Rick Petersen
Founder
Sector focus
Frequently asked questions
Who runs investment decisions at Petersen Hastings Wealth Advisors?
CEO Tom Hastings oversees the advisory team and investment process. The firm uses a committee-based approach to asset allocation and manager selection, drawing on internal research and external consultant input. (public record)
How is Petersen Hastings structured — as a single family office or multi-family office?
Petersen Hastings operates as a multi-family office and registered investment advisor (RIA). It serves multiple unrelated families, providing financial planning, tax, estate, and investment advisory services under a fiduciary model. (per the firm's ADV filings)
Does Petersen Hastings make direct investments in companies or funds?
No. Petersen Hastings focuses on traditional wealth management — asset allocation, financial planning, and investment in publicly traded securities, mutual funds, and ETFs. It does not operate a direct investment or venture capital arm. (per the firm's ADV)
Where does the underlying wealth managed by Petersen Hastings come from?
Most clients are high-net-worth families based in the Pacific Northwest, with wealth originating from professional careers, business ownership, and inherited assets. The firm does not disclose the specific sources of its clients' wealth. (per public record and firm marketing)
Does Petersen Hastings maintain philanthropic structures for its clients?
Yes, as part of its estate planning services, Petersen Hastings advises on the creation of donor-advised funds, family foundations, and charitable trusts. However, the firm does not operate a separate philanthropic entity itself. (per firm marketing)
What investment approach does Petersen Hastings typically follow?
The firm favors a disciplined, evidence-based approach using low-cost index funds and tax-efficient strategies. It avoids market timing and individual stock selection, instead focusing on broad diversification and long-term capital preservation. (per the firm's website)
What is Petersen Hastings' known posture on co-investments alongside external GPs?
Petersen Hastings does not participate in private equity co-investments or direct venture deals. Its investment advisory services are confined to liquid public market securities. (per the firm's ADV)
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