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.

Former SEC-registered adviser

Windsor Wealth Management, Inc.

Former SEC-registered adviserIndianapolis, IndianaCRD 105279SEC 801-28534IAPD
Legal name Windsor Wealth Management Opco LLC
Latest filing Oct 13, 2023
First filing on the tape Mar 5, 2012 · 41 filings
RAUM
$1.4B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
90%
$1.2B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
14
9 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
41 filings and snapshots on the tape
RAUM$1.4B as of Mar 20, 2023
Mar 5, 2012$618M then
HNW client RAUM$960M as of Mar 20, 2023
Mar 12, 2018$857M then
State-registered IARs (5.B.3)9 as of Mar 20, 2023
Feb 25, 20138 then
Employees (5.A)14 as of Mar 20, 2023
Feb 25, 201312 then
Private funds: no history
RAUM -29% over the last fiscal year-1.8% a year over threeIARs 11 to 9
Practice profile
derived from the filing of Oct 13, 2023; every figure names its basis
RAUM per advisor
$153MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
91derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.5MderivedHNW RAUM over HNW clients
Average account
$501,169derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
7.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.6derivedItem 5.A over advisors
Advisors per office
9.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-29%derivedbetween the last two annual amendments
Advisor growth, one year
-18%derivedItem 5.B.3 between annual amendments
Client growth, one year
-9.8%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Custody
$462M, 564 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$960M70%
  • Individuals$273M20%
  • Pension and profit-sharing plans$82.6M6.0%
  • Corporations and businesses$39.1M2.8%
  • Charitable organizations$18.4M1.3%
Individual clients
540reported
HNW clients
277reported
Pension plan clients
23reported
Charitable clients
14reported
Accounts
2,739reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
$462M for 564 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Dean Randall Clark · Principalcontrol
      since 11/1986 · owns less than 5%
    • Michael James Leach · Principalcontrol
      since 01/2020 · owns less than 5%
    • Frederick Channing Mitzell · Principalcontrol
      since 11/1986 · owns less than 5%
    • Todd Brian Shupe · Principalcontrol
      since 07/2000 · owns less than 5%
    • Brian Matthew Ulsas · Chief Compliance Officer
      since 03/2008 · owns less than 5%
    Entity owners
    • Corient Private Wealth LLC · Owner
      direct · owns 75% or more
    • Ci Financial Corp. · Owner
      indirect · owns 75% or more of Corient Holdings Inc · public reporting company
    • Corient Holdings Inc · Owner
      indirect · owns 75% or more of Corient Partners LLC
    • Corient Partners LLC · Owner
      indirect · owns F of Corient Private Wealth LLC
    Related persons
    Schedule D 7.A
    • Corient
      investment adviseryRAUM $165B
    • National Advisors Holdings, Inc.
      n
    • National Advisors Trust Company
      n
    • Sterling Resources
      real estatey
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Indianapolis, In · principal000
    Miami, Fl000
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • BD registered reps · 2 to 0
      Oct 11, 2023 to Oct 13, 2023
    • Related adviser · false to true
      Oct 11, 2023 to Oct 13, 2023
    • Legal name · WINDSOR WEALTH MANAGEMENT, INC. to WINDSOR WEALTH MANAGEMENT OPCO LLC
      Oct 5, 2023 to Oct 11, 2023
    • Organization form · Corporation to Limited Liability Company
      Oct 5, 2023 to Oct 5, 2023
    • Accounts · 3,184 to 2,739
      Nov 4, 2022 to Mar 20, 2023
    • Charity clients · 17 to 14
      Nov 4, 2022 to Mar 20, 2023
    • Corporate clients · 16 to 12
      Nov 4, 2022 to Mar 20, 2023
    • HNW clients · 354 to 277
      Nov 4, 2022 to Mar 20, 2023
    • Individual clients · 552 to 540
      Nov 4, 2022 to Mar 20, 2023
    • Assets in custody · $494M to $462M
      Nov 4, 2022 to Mar 20, 2023
    • Discretionary RAUM · $1.9B to $1.4B
      Nov 4, 2022 to Mar 20, 2023
    • HNW RAUM · $1.4B to $960M
      Nov 4, 2022 to Mar 20, 2023
    • Individual RAUM · $344M to $273M
      Nov 4, 2022 to Mar 20, 2023
    • Non-discretionary RAUM · $75,439 to $111,222
      Nov 4, 2022 to Mar 20, 2023
    • Pension RAUM · $98.3M to $82.6M
      Nov 4, 2022 to Mar 20, 2023
    • RAUM · $1.9B to $1.4B
      Nov 4, 2022 to Mar 20, 2023
    • Advisory employees · 11 to 9
      Mar 8, 2022 to Mar 15, 2022
    • Employees · 16 to 14
      Mar 8, 2022 to Mar 15, 2022
    • State-registered IARs · 11 to 9
      Mar 8, 2022 to Mar 15, 2022
    • Accounts · 3,251 to 3,184
      Nov 9, 2021 to Mar 8, 2022
    • Advisory employees · 10 to 11
      Nov 9, 2021 to Mar 8, 2022
    • Corporate clients · 9 to 16
      Nov 9, 2021 to Mar 8, 2022
    • HNW clients · 351 to 354
      Nov 9, 2021 to Mar 8, 2022
    • Individual clients · 517 to 552
      Nov 9, 2021 to Mar 8, 2022
    • Pension plan clients · 25 to 23
      Nov 9, 2021 to Mar 8, 2022
    • Assets in custody · $342M to $494M
      Nov 9, 2021 to Mar 8, 2022
    • Employees · 15 to 16
      Nov 9, 2021 to Mar 8, 2022
    • State-registered IARs · 10 to 11
      Nov 9, 2021 to Mar 8, 2022
    • Discretionary RAUM · $1.7B to $1.9B
      Nov 9, 2021 to Mar 8, 2022
    • HNW RAUM · $1.2B to $1.4B
      Nov 9, 2021 to Mar 8, 2022
    • Individual RAUM · $260M to $344M
      Nov 9, 2021 to Mar 8, 2022
    • Non-discretionary RAUM · $44,053 to $75,439
      Nov 9, 2021 to Mar 8, 2022
    • Pension RAUM · $92.7M to $98.3M
      Nov 9, 2021 to Mar 8, 2022
    • RAUM · $1.7B to $1.9B
      Nov 9, 2021 to Mar 8, 2022
    • Accounts · 3,090 to 3,251
      Nov 5, 2020 to Mar 22, 2021
    • BD registered reps · 3 to 2
      Nov 5, 2020 to Mar 22, 2021
    • Charity clients · 22 to 17
      Nov 5, 2020 to Mar 22, 2021
    • Corporate clients · 12 to 9
      Nov 5, 2020 to Mar 22, 2021
    • HNW clients · 319 to 351
      Nov 5, 2020 to Mar 22, 2021
    • Individual clients · 482 to 517
      Nov 5, 2020 to Mar 22, 2021
    Signals
    18 dated events
    • Matthew Brian Ulsas left Windsor Wealth Management, Inc. for Corient (registered 2023-10-31)
      Nov 13, 2023 · Advisor changed firm · fact
    • Sandra Ruth Villiger left Windsor Wealth Management, Inc. for Corient (registered 2023-10-31)
      Nov 13, 2023 · Advisor changed firm · fact
    • Bret James Horsfield left Windsor Wealth Management, Inc. for Corient (registered 2023-10-31)
      Nov 13, 2023 · Advisor changed firm · fact
    • Brian Todd Shupe left Windsor Wealth Management, Inc. for Corient (registered 2023-10-31)
      Nov 13, 2023 · Advisor changed firm · fact
    • James Michael Leach left Windsor Wealth Management, Inc. for Corient (registered 2023-10-31)
      Nov 13, 2023 · Advisor changed firm · fact
    • Randall Dean Clark left Windsor Wealth Management, Inc. for Corient (registered 2023-10-31)
      Nov 13, 2023 · Advisor changed firm · fact
    • Mark A Wittleder left Windsor Wealth Management, Inc. for Corient (registered 2023-10-31)
      Nov 13, 2023 · Advisor changed firm · fact
    • Robert Stephen Kaspar left Windsor Wealth Management, Inc. for Corient (registered 2023-10-31)
      Nov 13, 2023 · Advisor changed firm · fact
    • Windsor Wealth Management, Inc.'s advisors moved to Corient (Miami, FL): 4 of 8 registered, on the same day
      Nov 13, 2023 · Firm absorbed (people side) · derived
    • Windsor Wealth Management, Inc.'s advisors moved to Corient (Indianapolis, IN): 4 of 8 registered, on the same day
      Nov 13, 2023 · Firm absorbed (people side) · derived
    • Stephen Robert Kaspar (Member) no longer on Schedule A of Windsor Wealth Management, Inc. (listed 2023-10-11, absent 2023-10-13)
      Oct 13, 2023 · Control person left · inference
    • Stephen Robert Kaspar (Member) appeared on Schedule A of Windsor Wealth Management, Inc.
      Oct 5, 2023 · Control person joined · fact
    • Windsor Wealth Management, Inc. reported RAUM $1.4B, down 29% from $1.9B (2022-11-04 to 2023-03-20)
      Mar 20, 2023 · RAUM change · derived
    • Frank Joseph Esposito left Windsor Wealth Management, Inc. for Sanctuary Advisors, Llc (registered 2022-02-15)
      Mar 15, 2022 · Advisor changed firm · fact
    • Niki Fowler Woodworth left Windsor Wealth Management, Inc. for Sanctuary Advisors, Llc (registered 2022-02-15)
      Mar 15, 2022 · Advisor changed firm · fact
    • Joseph Frank Esposito (Principal) no longer on Schedule A of Windsor Wealth Management, Inc. (listed 2022-03-08, absent 2022-03-15)
      Mar 15, 2022 · Control person left · inference
    • 2 advisors left Windsor Wealth Management, Inc. (Miami, FL) for Sanctuary Advisors, LLC on the same day
      Mar 15, 2022 · Team lift-out · derived
    • Michael James Leach (Principal) appeared on Schedule A of Windsor Wealth Management, Inc.
      Apr 6, 2020 · Control person joined · fact
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    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
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026