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S. R. Schill & Associates
Steven Schill founded S. R. Schill & Associates in 1987, building a fiduciary RIA on Mercer Island serving individuals, trusts, and business entities.
S. R. Schill & Associates
S. R. Schill & Associates was founded in 1987 on Mercer Island, Washington, by Steven R. Schill. The firm operates as a registered investment advisor (RIA), a regulatory status that legally obligates it to a fiduciary standard — putting client interests ahead of its own revenue on every recommendation. Its client base spans individuals, high-net-worth households, trusts, and closely held business entities, a mix that typically demands integrated financial planning, tax-aware portfolio construction, and estate-coordination services rather than standalone asset management. The firm's investment posture is rooted in personalized portfolio management and comprehensive financial planning, not a proprietary fund complex. As a boutique RIA, it likely constructs portfolios using individual securities, third-party mutual funds, and ETFs, with asset allocation guided by each client's liquidity needs, tax situation, and long-term objectives. Its geographic footprint is concentrated in the greater Seattle area and the broader Pacific Northwest. Without publicly disclosed direct investment or deal activity, its deployment footprint remains private. With a single office on Mercer Island and a lean, principal-led team, the firm competes in a dense local RIA market that includes both independents and large aggregators. It lacks the multiple-office footprint or public-scale M&A activity of larger Pacific Northwest RIAs. Its small-shop structure implies succession risk typical of a founder-led practice, yet also offers the continuity and direct principal access that clients in the Mercer Island and Eastside wealth corridor often seek. This firm is a pre-DOL, pre-Reg BI advisory practice, structurally locked into a fiduciary duty that many later entrants only adopted under regulatory pressure. Its longevity — approaching four decades — signals either deeply collaborative trustee relationships or a quiet book of multi-generational clients who prefer the advisory equivalent of private banking without the bank.
General information
Firm type
Registered Investment Advisor
Year founded
1987
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Mercer Island
Corporate office
Mercer Island, WA, United States
Principals
Steven R. Schill
Principal / Founder
Frequently asked questions
Is S. R. Schill & Associates a fiduciary?
Yes. As a registered investment advisor (RIA) regulated by the SEC or state securities authority, the firm is legally bound to a fiduciary standard. This means it must act in its clients' best interests on every recommendation, distinguishing it from broker-dealers that operate under a lower suitability standard.
What types of clients does the firm serve?
Public filings indicate the firm provides investment advisory services to individuals, high-net-worth individuals, trusts, and business entities. The inclusion of trusts and business entities suggests it handles estate-related portfolios and corporate accounts in addition to personal wealth management.
Does the firm offer proprietary investment products like in-house mutual funds?
There is no public evidence that S. R. Schill & Associates operates proprietary funds or structured products. Most boutique RIAs of its vintage and size construct client portfolios using individual securities, third-party mutual funds, ETFs, and separately managed accounts, rather than selling an in-house product shelf.
What is the firm's geographic focus?
The firm is headquartered on Mercer Island, Washington, an affluent residential community east of Seattle. Its client base is presumed concentrated in the Puget Sound region and the broader Pacific Northwest, consistent with a single-office, locally oriented advisory practice.
Who makes investment decisions at the firm?
The firm is closely held by founder Steven R. Schill. In a boutique RIA of this scale, investment policy, asset allocation decisions, and manager selection typically rest with the lead principal, often informed by a small internal investment committee or external research resources.
How is the firm structured for succession?
No public succession plan or ownership transition has been disclosed. As a founder-led practice operating since 1987, the absence of a named next-generation management team introduces standard continuity risk, a consideration for trustees and multi-generational clients evaluating long-term stewardship of family assets.
Is S. R. Schill & Associates affiliated with a bank, broker-dealer, or larger wealth platform?
Based on available public records, the firm operates independently without disclosed affiliation to a bank holding company, national broker-dealer network, or wealth aggregator. Its ADV filings would clarify any such relationships, but none have been publicly surfaced.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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