There are at least a few fund firms that are growing despite the three-year slump. Tiny IMS Capital Management is one of that handful. The Portland, Oregon-based firm recently opened a second office in Bellevue to accommodate is growing business. Since the start of the year, its assets under management have doubled to $200 million and its staff has grown to 10 from five.

The advisor to the IMS family of mutual funds also hired Arthur G. Nunes to run operations in the new office. Nunes was most recently a senior vice president and portfolio manager in the Seattle office of RBC Dain Rauscher.

"Bringing Art on board and expanding into the Seattle-area market are part of our logical growth progression," explained Carl Marker, president and founder of the fund firm.

Since November IMS has opened two new mutual funds and now advises three funds. 

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