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Updated September 28, 2026. Quick answer: Washington Trust Wealth Management is registered with the SEC as an investment adviser (CRD #110407, confirmed ACTIVE this session via SEC IAPD). Per its own current fee brochure, a $500,000 account would run $7,500 a year under its published fee schedule. Already a client and thinking about leaving? Budget $50 at Schwab, or $125 at Morgan Stanley, depending on your custodian. This review covers what its own fee brochure and current SEC registration confirm today; this firm also has a fiduciary-status page and minimum-investment page on this site.
Washington Trust Wealth Management at a glance
| Fact | What Washington Trust Wealth Management’s own pages say |
|---|---|
| Legal entity | Washington Trust Advisors, Inc. |
| Registration | Washington Trust Advisors, Inc. is registered with the SEC as an investment adviser (CRD #110407, confirmed ACTIVE this session via SEC IAPD). |
| Fee on a $500,000 account | $7,500 a year, per its own current brochure |
| Minimum to open an account | See the minimum-investment page for Washington Trust Wealth Management |
| Cost to leave (exit fee) | $50 at Schwab, or $125 at Morgan Stanley, depending on your custodian |
What Washington Trust Wealth Management’s own fee schedule charges
CRD 110407 is confirmed ACTIVE and SEC registered via a live IAPD lookup performed this session. Washington Trust Advisors’ own Form ADV Part 2A brochure states the firm managed $2,323,676,991 of client assets on a discretionary basis and $69,114,371 on a non-discretionary basis, a total of $2,392,791,362, as of December 31, 2025; this is the firm’s own regulatory AUM figure, and it differs substantially from a roughly $6.8 billion assets-under-administration figure that a secondary press release had cited, which appears to describe a broader affiliated banking relationship rather than Washington Trust Advisors’ own SEC-registered adviser book. The priced schedule is the firm’s standard investment management fee schedule for discretionary Managed Accounts, its core individual wealth management service, distinct from its separate Corporate Trustee and Third-Party Money Manager fee arrangements described in the same brochure.
“The Adviser’s standard investment management fee schedule for accounts over which the Adviser has discretionary authority (“Managed Accounts”) are: 0.90% per annum on the first $1,500,000 of assets under management, plus 0.75% per annum on the next $1,500,000 of assets under management, plus 0.65% per annum on the next $7,000,000 of assets under management, plus 0.40% per annum on the next $10,000,000 of assets under management, plus 0.30% per annum for assets under management over $20,000,000. Minimum annual fee: $7,500”
Washington Trust Wealth Management prices Managed Accounts on a stepped schedule of 0.90% on the first one and a half million dollars, then 0.75%, 0.65%, 0.40%, and 0.30% as the balance moves through each successive bracket, with a $7,500 minimum annual fee. At $250,000 and $500,000 the computed percentage fee falls below that minimum, so the $7,500 floor is what is actually charged; the $1,000,000 and $2,000,000 balances clear the floor and are priced directly off the marginal schedule.
| Account balance | Annual fee |
|---|---|
| $250,000 | $7,500 |
| $500,000 | $7,500 |
| $1,000,000 | $9,000 |
| $2,000,000 | $17,250 |
See the full breakdown, including how the figure is calculated, on Washington Trust Wealth Management’s own fee page.
Registration
Washington Trust Advisors, Inc. is registered with the SEC as an investment adviser (CRD #110407, confirmed ACTIVE this session via SEC IAPD).
This is a registration confirmation only, not a fiduciary-standard verdict (a registered investment adviser can still be a dual registrant with a broker-dealer, which changes which standard applies in each capacity). For the fiduciary-standard question itself, see the fiduciary-status page for Washington Trust Wealth Management.
What it costs to leave
Washington Trust Advisors, Inc.’s Form ADV Part 2A states “Unless otherwise agreed, a client contract generally may be canceled by the client with at least five (5) days’ written notice, for any reason.” Washington Trust Advisors, Inc. names two possible custodians in its brochure, with no single default. Charles Schwab & Co., Inc.’s own published fee schedule states “Full transfer (out) of assets: $50 per account.” Morgan Stanley Smith Barney LLC’s own published fee schedule states “$125 Per Account Transfer”
The full steps are on our how to leave Washington Trust Wealth Management page; the general mechanics of switching financial advisors and a dated termination letter apply regardless of firm.
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- Form ADV Part 2A (March 20, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1022835
- SEC IAPD firm summary (CRD #110407, checked September 28, 2026): https://adviserinfo.sec.gov/firm/summary/110407
Methodology. This page was built September 28, 2026, drawing directly on Washington Trust Wealth Management’s own current fee brochure, cited in Sources below, and a fresh SEC IAPD registration check run the same day. As of September 28, 2026, this site publishes a fiduciary-status page and a minimum-investment page for Washington Trust Wealth Management; where the exit-fee facts above are cited, they were independently verified against the same primary source. Any fact we could not independently confirm is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading Washington Trust Wealth Management’s own Form ADV Part 2A and Form CRS. We have not used Washington Trust Wealth Management as a client. Washington Trust Wealth Management did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
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