DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Howland Capital Management LLC
Latest filing Mar 31, 2026
First filing on the tape Mar 28, 2012 · 27 filings
SEC status approved since Feb 9, 1972
RAUM
$3.7B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
87%
$3.3B individuals and HNW
Advisors
11
registered through the firm on IAPD
RAUM per advisor
$340M
derived; firm RAUM over IAPD count
Employees
35
11 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
6
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$3.7B as of Mar 31, 2026
Mar 28, 2012$924M then
HNW client RAUM$1.9B as of Mar 31, 2026
Mar 8, 2018$823M then
State-registered IARs (5.B.3)11 as of Mar 31, 2026
Mar 28, 20120 then
Employees (5.A)35 as of Mar 31, 2026
Mar 27, 201326 then
Private funds6 as of Mar 31, 2026
Mar 28, 20126 then
RAUM +13% over the last fiscal year+13% a year over threeIARs 11 to 11
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
- RIA with heavy alternatives · a wealth manager whose private fund gross assets are at least 25 percent of RAUM, or five or more private funds
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $340MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 115derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $13.2MderivedHNW RAUM over HNW clients
- Average account
- $1.9MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 11%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.2derivedItem 5.A over advisors
- Advisors per office
- 11.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +8.6%derived
- Compensation
- percentage of assets, hourly, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for pooled vehicles, selection of other advisers, publications, educational seminarsreportedItem 5.G
- Financial planning clients
- 1,000reportedItem 5.H
- Custody
- $3.7B, 2,006 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$1.9B51%
- Individuals$1.3B36%
- Charitable organizations$375M10%
- Corporations and businesses$73.9M2.0%
- Pension and profit-sharing plans$24.8M0.7%
- Individual clients
- 1,125reported
- HNW clients
- 145reported
- Pension plan clients
- 5reported
- Charitable clients
- 27reported
- Accounts
- 2,010reported
- Financial planning clients
- 1,000reported
- Wrap fee programs
- noreported
- Custody of client assets
- $3.7B for 2,006 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.87 fund_share=0.0 institutional_share=0.11 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
11 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Charles Elmer ClappChartered Financial Analyst | Boston, Ma | Apr 5, 1995 | 35 y | 0 |
| Weston HowlandChartered Financial Analyst | Boston, Ma | Apr 5, 1995 | 42 y | 0 |
| Tracy Alexandra GibbsCertified Financial Planner | Boston, Ma | Nov 12, 2002 | 27 y | 0 |
| Francis Gardner JacksonChartered Financial Analyst | Boston, Ma | Feb 17, 2006 | 21 y | 0 |
| Lisa Marie Macewen | Boston, Ma | Dec 8, 2017 | 11 y | 1 |
| Nicholas Begelow CrockerChartered Financial Analyst | Boston, Ma | Sep 24, 2018 | 20 y | 0 |
| Maureen Elizabeth QuigleyChartered Financial Analyst | Boston, Ma | Oct 2, 2018 | 22 y | 0 |
| Peter H. Dixon | Boston, Ma | Oct 12, 2018 | 20 y | 0 |
| Cameron Reza RahbarCertified Financial Planner | Boston, Ma | Nov 12, 2024 | 11 y | 3 |
| Samuel Hill OberChartered Financial Analyst | Boston, Ma | Nov 12, 2024 | 10 y | 0 |
| Andrew William Swanson | Boston, Ma | Dec 19, 2024 | 27 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Robert B. Sanders to Woodstock CorporationSep 21, 2017 · Other
- Mark Anthony Schumacher to Third Day Capital Management, LLCNov 26, 2007 · Other
Joined, latest
- Cameron Reza Rahbar from Anchor Capital Advisors LLCNov 12, 2024 · RIA to RIA
- Mark Anthony Schumacher from Maddock Financial, LLCSep 11, 2021 · RIA to RIA
- Lisa Marie Macewen from Edelman Financial EnginesDec 8, 2017 · Other
Private funds
9 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Hcm Venture Fund Ix | Other Private Fund | $12.6M | 29 | Mar 18, 2022 |
| Hcm Venture Fund Viii, LLC | Other Private Fund | $11.2M | 31 | Mar 14, 2019 |
| Hcm Venture Fund Vii, LLC | Other Private Fund | $8.9M | 33 | Mar 27, 2014 |
| Hcm Venture Fund Vi, LLC | Other Private Fund | $2.3M | 33 | Mar 28, 2012 |
| Hcm Venture Fund V, LLC | Other Private Fund | $664,080 | 21 | Mar 28, 2012 |
| Hcm Venture Fund IV, LLC | Other Private Fund | $464,562 | 26 | Mar 28, 2012 |
| Hcm Venture Fund, LLCno longer reported | Other Private Fund | $58,563 | 43 | Mar 28, 2012 |
| Hcm Venture Fund III, LLCno longer reported | Other Private Fund | $6,041 | 55 | Mar 28, 2012 |
| Hcm Venture Fund II, LLCno longer reported | Other Private Fund | $4,309 | 8 | Mar 28, 2012 |
Owners and control persons
Schedule A and B, latest filing
- Howard Richard Adler · Directorcontrolsince 01/2018 · owns less than 5%
- M Carolyn Beatty · Directorcontrolsince 01/2022 · owns less than 5%
- Elmer Charles Clapp · Member, President, Directorcontrolsince 01/2001 · owns 10% to 25%
- H. Peter Dixon · Member, Ciocontrolsince 10/2019 · owns 10% to 25%
- Weston Howland · Member, Ceo, Directorcontrolsince 01/1992 · owns 10% to 25%
- Ann Daniella Macritchie · Member, Coocontrolsince 01/2023 · owns 5% to 10%
- Elizabeth Maureen Quigley · Member, Ccocontrolsince 01/2015 · owns 5% to 10%
- Carol Tully · Directorcontrolsince 01/2023 · owns less than 5%
- Faisal Butt · Membersince 01/2025 · owns less than 5%
- Begelow Nicholas Crocker · Membersince 10/2019 · owns 5% to 10%
- William Andrew Dupee · Membersince 01/2015 · owns 5% to 10%
- Alexandra Tracy Gibbs · Member, Directorsince 01/2015 · owns 10% to 25%
- Gardner Francis Jackson · Membersince 01/2015 · owns less than 5%
Entity owners
- Howland Capital Management, Inc. · Shareholderdirect · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Boston, Ma · principal | 11 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Mar 31, 2026ADLER, RICHARD, HOWARD (DIRECTOR) appeared on Schedule A between the filings of 2024-03-29 and 2026-03-31peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Mar 31, 2026BEATTY, CAROLYN, M (DIRECTOR) appeared on Schedule A between the filings of 2024-03-29 and 2026-03-31peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Mar 31, 2026TULLY, CAROL (DIRECTOR) appeared on Schedule A between the filings of 2024-03-29 and 2026-03-31peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
- Accounts · 1,869 to 2,010Mar 31, 2025 to Mar 31, 2026
- Advisory employees · 10 to 11Mar 31, 2025 to Mar 31, 2026
- Charity clients · 26 to 27Mar 31, 2025 to Mar 31, 2026
- Corporate clients · 9 to 8Mar 31, 2025 to Mar 31, 2026
- HNW clients · 123 to 145Mar 31, 2025 to Mar 31, 2026
- Individual clients · 1,046 to 1,125Mar 31, 2025 to Mar 31, 2026
- Pension plan clients · 6 to 5Mar 31, 2025 to Mar 31, 2026
- Assets in custody · $3.3B to $3.7BMar 31, 2025 to Mar 31, 2026
- Employees · 33 to 35Mar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $3.3B to $3.7BMar 31, 2025 to Mar 31, 2026
- HNW RAUM · $1.7B to $1.9BMar 31, 2025 to Mar 31, 2026
- Individual RAUM · $1.2B to $1.3BMar 31, 2025 to Mar 31, 2026
- Pension RAUM · $339M to $24.8MMar 31, 2025 to Mar 31, 2026
- RAUM · $3.3B to $3.7BMar 31, 2025 to Mar 31, 2026
- Accounts · 1,819 to 1,869Mar 29, 2024 to Mar 31, 2025
- Advisory activities · 5 to 6Mar 29, 2024 to Mar 31, 2025
- HNW clients · 103 to 123Mar 29, 2024 to Mar 31, 2025
- Individual clients · 1,051 to 1,046Mar 29, 2024 to Mar 31, 2025
- Assets in custody · $2.7B to $3.3BMar 29, 2024 to Mar 31, 2025
- Employees · 32 to 33Mar 29, 2024 to Mar 31, 2025
- Financial planning clients · 251-500 to More than 500Mar 29, 2024 to Mar 31, 2025
- State-registered IARs · 9 to 11Mar 29, 2024 to Mar 31, 2025
- Private funds · 7 to 6Mar 29, 2024 to Mar 31, 2025
- Discretionary RAUM · $2.8B to $3.3BMar 29, 2024 to Mar 31, 2025
- HNW RAUM · $1.3B to $1.7BMar 29, 2024 to Mar 31, 2025
- Individual RAUM · $1.2B to $1.2BMar 29, 2024 to Mar 31, 2025
- Pension RAUM · $26.1M to $339MMar 29, 2024 to Mar 31, 2025
- RAUM · $2.8B to $3.3BMar 29, 2024 to Mar 31, 2025
- Accounts · 1,775 to 1,819Mar 31, 2023 to Mar 29, 2024
- Advisory employees · 9 to 10Mar 31, 2023 to Mar 29, 2024
- Advisory activities · 4 to 5Mar 31, 2023 to Mar 29, 2024
- Charity clients · 25 to 26Mar 31, 2023 to Mar 29, 2024
- Individual clients · 1,052 to 1,051Mar 31, 2023 to Mar 29, 2024
- Pension plan clients · unset to 6.0Mar 31, 2023 to Mar 29, 2024
- Assets in custody · $2.5B to $2.7BMar 31, 2023 to Mar 29, 2024
- Employees · 31 to 32Mar 31, 2023 to Mar 29, 2024
- Financial planning clients · 0 to 251-500Mar 31, 2023 to Mar 29, 2024
- Private funds · 8 to 7Mar 31, 2023 to Mar 29, 2024
- Discretionary RAUM · $2.6B to $2.8BMar 31, 2023 to Mar 29, 2024
- HNW RAUM · $1.2B to $1.3BMar 31, 2023 to Mar 29, 2024
Signals
2 dated events
- Mark Anthony Schumacher no longer registered at Howland Capital Management Llc; no later IA registration on IAPDJan 5, 2022 · Advisor departure · fact
- Howland Capital Management, Inc. reported succeeding to the business of Another Adviser (Form ADV Item 4)Jan 29, 2013 · Succession (Item 4) · fact
Across DFX
shared identifiers only, never a name match
- Howland Capital Management Inc · Family Officesshared crd · office
- Howland Capital Management LLC · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Business email
- info@howlandcapital.comreportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 617-357-9110reportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- linkedin.com/company/howland-capitalreportedpublic record, Form ADV, Sep 17, 2026
- Website
- HOWLANDCAPITAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 617-357-9110reportedpublic record, Form ADV, Mar 31, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $340Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026