Loading
Tap on the profile icon to edit
your financial details.

Russell Investment Management Review

Your Details Done
by Updated
Russell Investment Management

 

Russell Investment Management (RIM) is a global financial advisor based in Seattle, Washington. The fee-based firm manages more than $43 billion for its clients. Most of the money is managed on behalf of other advisors - the firm does not generally have direct relationships with clients. To find a firm where you can establish a direct advisory relationship, use SmartAsset’s financial advisor matching service.

Russel Investment Managements is part of Russell Investments, a broader financial company. Some of the other branches of Russell Investments include Russell Investments Implementation Services, Russell Investments Capital, Russell Investments Commodity Advisor, Russell Investments Institutional Funds, Russell Investments Funds Management, Russell Investments Trust Company and Russell Investments Financial Services. There are also affiliates headquartered in countries all over the world, including Canada, Cayman Islands, the United Kingdom, Ireland, France, Australia, New Zealand, Korea and Japan.

Russell Investment Management does not set a minimum account level, but instead negotiates account size requirements with each client. There are nearly 50,000 individual accounts at RIM, and none of them is classified as high-net-worth. The firm also manages money for institutional clients. 

Russell Investment Management Background

Russell Investment Management was founded in 1982. It is an indirect, wholly-owned subsidiary of Russell Investments Group, Ltd., a company domiciled in the Cayman Islands. The limited partners of certain private equity funds affiliated with TA Associates Management, L.P. indirectly hold a majority ownership interest in the parent company, while the limited partners of certain private equity funds affiliated with Reverence Capital Partners, L.P. indirectly hold a minority ownership.

What Types of Clients Does Russell Investment Management Accept?

RIM has no minimum account size for individual investors. All of its individual clients are classified as non-high-net-worth on the firm’s SEC filings.

There are also institutional clients at RIM. These include investment companies, pooled investment vehicles, pension and profit sharing plans, other investment advisors, insurance companies, sovereign wealth funds and foreign official institutions and corporations.

Russell Investment Management Minimum Account Sizes

There is no strict minimum account size at RIM. The investment needed to procure the services RIM offers is negotiated individually by each client. The final determination will depend on a number of factors, notably the services each client will be needing.

Services Offered by Russell Investment Management

The following services are offered at RIM:

  • Pooled investment vehicles
  • Model Strategies for investment advisors and broker-dealers
  • Managed separate account services
  • Consulting services for institutional clients

Investment Philosophy

RIM has a multi-asset approach to investing, focusing on diversification, research and selection of unaffiliated money managers and portfolio managers. Short-term and fixed-income investments are used.

For money managed by RIM itself and not outsourced to money manager strategies, RIM uses both quantitative and qualitative analysis to build portfolios. Asset allocation is based on a clients’ preferences for risk, return and retirement income.

Russell Investment Management Awards and Recognition

RIM has won the following awards:

  • Named a top global manager of institutional outsourced income by CIO Magazine, 2019
  • Winner of the Barron’s Industry Award for Field Sales Distribution, 2018

What to Watch Out For

Again, this is not a firm that manages money directly for clients. If you are looking for that type of firm, take a few minutes to use SmartAsset’s free financial advisor matching service.

Disclosures

According to SEC filings, RIM has had no disclosures involving violations of investment related regulations. 

Opening an Account With Russell Investment Management

Individuals cannot directly open accounts with RIM. It serves financial advisors and institutional investors. If you want to contact about those services, call 1-800-426-7969.

Where Is Russell Investment Management Located?

RIM is located at 1301 2nd Ave, Seattle, WA 98101. There are also locations in New York, Chicago, San Diego and Milwaukee.

Investing Tips

  • While this firm generally doesn’t directly serve individual investors, working with one who does can be a great idea. Finding the right financial advisor that fits your needs doesn’t have to be hard, though. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
  • Considering buying a home can have a big impact on your finances. Get a sense of what it might look like with our mortgage calculator

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research