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

Russell Investments

Asset manager (funds and pooled vehicles)Seattle, WashingtonCRD 105734SEC 801-17141websiteIAPD
Legal name Russell Investment Management, LLC
Latest filing Apr 1, 2026
First filing on the tape Mar 28, 2012 · 48 filings
SEC status approved since May 21, 1982
RAUM
$69B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
74
registered through the firm on IAPD
RAUM per advisor
$927M
derived; firm RAUM over IAPD count
Employees
569
115 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
1
reported on Schedule D
History
48 filings and snapshots on the tape
RAUM$69B as of Apr 1, 2026
Mar 28, 2012$56B then
HNW client RAUM$488M as of Sep 5, 2025
Mar 30, 2018$0 then
State-registered IARs (5.B.3)79 as of Apr 1, 2026
Mar 25, 201348 then
Employees (5.A)569 as of Apr 1, 2026
Mar 25, 2013250 then
Private funds1 as of Apr 1, 2026
Mar 28, 201210 then
RAUM +10.0% over the last fiscal year+13% a year over threeIARs 80 to 79
Practice profile
derived from the filing of Apr 1, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
RAUM per advisor
$927MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$10.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
7.7derivedItem 5.A over advisors
Advisors per office
24.7derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+10.0%derivedbetween the last two annual amendments
Advisor growth, one year
-1.3%derivedItem 5.B.3 between annual amendments
Client growth, one year
-100%derived
Compensation
percentage of assets, fixed fees, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, selection of other advisersreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
yesreportedItem 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
  • marketing includes testimonials (5.L.1.c)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$62B91%
  • Other investment advisers$4.4B6.4%
  • Pooled investment vehicles$1.7B2.5%
  • Pension and profit-sharing plans$65.3M0.1%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
1reported
Charitable clients
0reported
Accounts
6,599reported
Financial planning clients
reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$0 for 0 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=205.0derived
Advisors registered through the firm
74 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Troy Vernon EspesethWayzata, MnJul 12, 200525 y1
Cheryl Beth WichersSeattle, Wa Nov 22, 200528 y0
Justin R GreeneSeattle, Wa Jan 23, 200623 y0
Scottland Carl JacobsonSeattle, Wa Jan 23, 200629 y0
Ryan Lee DooyemaBrookfield, Wi Jan 26, 200623 y0
Sara Marie SchumacherVictoria, MnMay 26, 200625 y2
Sean Patrick RyanWaukesha, Wi Nov 8, 200627 y2
Brad Edward JungSeattle, Wa Jun 29, 200732 y2
Ashley Wei OrmondSeattle, WaAug 13, 200719 y0
Timothy Joseph HalversonOak Creek, WiSep 17, 200728 y0
George Philip LynchCharlotte, NcOct 30, 200729 y0
Joseph Michael McnallyNew York, Ny Nov 7, 200727 y0
Daniel Ray HodoIssaquah, WaDec 11, 200726 y0
Michael Blair SmithSeattle, WaMar 6, 200829 y0
Todd Matthew ZiesemerMilwaukee, WiJun 3, 200823 y1
Stephen Nathaniel BottcherWebster, NyJun 18, 200824 y0
William Carmine O'MalleyNew York, NyJul 21, 200818 y0
Paul Stephen IzzoKaty, Tx Jul 29, 200922 y3
Matthew James WeberSeattle, WaJan 13, 201022 y0
Stephen Edward KrezinskiWayzata, MnApr 1, 201019 y1
Chad William BalcomSeattle, WaApr 8, 201023 y0
Thomas John FlynnSeattle, Wa Jan 10, 201127 y2
Ryan PogodzinskiMilkwaukee, WiJun 7, 201115 y0
Jeffrey Robert GreiberMilwaukee, WiFeb 29, 201217 y1
Sophie-Charlotte Natalie Antal GilbertSeattle, WaMar 27, 201216 y0
Jesse Ryan DavidsonMilwaukee, Wi Jun 13, 201224 y4
Ryan Joel KatonaIndianapolis, InAug 6, 201314 y0
Jeffrey Allan ChristiansenSeattle, Wa Jul 10, 201414 y0
Jayson David LeachSeattle, WaOct 6, 201416 y2
Austin Michael O'NeillGrosse Point Park, Mi Feb 11, 201512 y1
Adam Richard BurlesonLake Oswego, Or Aug 3, 201516 y2
Martin Patrick RocheLakewood, Co Nov 5, 201512 y1
Derek Jeremy OlsonMilwaukee, Wi Dec 10, 201512 y0
Georges J WakimMilwaukee, WiNov 13, 201714 y0
Joseph W GaudreauMilwaukee, Wi Nov 21, 201716 y1
Billie Joan ChristiansenMilwaukee, WiJan 3, 201815 y1
John G AhlersSeattle, WaApr 30, 201815 y1
William Courtney CainSeattle, WaAug 8, 201819 y4
Alexandra Elizabeth SheiSeattle, WaOct 19, 201814 y1
Tina Marie DowningSt Charles, Mo Oct 23, 201837 y3
All 74 advisors at Russell Investments
Advisor movement
3 left, 0 joined in 12 months
net -3 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 4.1% of current headcount16 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
7 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
US Cash Management FundLiquidity Fund$1.5B29Mar 28, 2012
US Cash Collateral FundLiquidity Fund$244M46Mar 28, 2012
Cayman Commodity Strategies Fund Ltd.no longer reportedHedge Fund$74.1M1Mar 28, 2012
Russell Institutional Funds LLC-Russell 1000 Defensive Index Fundno longer reportedOther Private Fund$45.3M3Mar 28, 2012
Russell Cayman Multi Strategy Alternative Fund Ltd.no longer reportedHedge Fund$35.5M1Dec 11, 2012
Cayman Multi-Asset Growth Strategy Fund Ltd.no longer reportedHedge Fund$12.9M1Nov 27, 2017
Cayman Multi-Asset Growth Strategy Fund Ltd.no longer reportedHedge Fund$00Mar 30, 2017
Owners and control persons
Schedule A and B, latest filing
  • Richard Vernon Barback · Directorcontrol
    since 10/2022 · owns less than 5%
  • Spencer Scott Bowen · Chief Financial Officercontrol
    since 09/2024 · owns less than 5%
  • Elizabeth Amy Curran · Chief Compliance Officercontrol
    since 03/2024 · owns less than 5%
  • Anne Katherine El-Hillow · Director; President; Chief Investment Officercontrol
    since 05/2021 · owns less than 5%
  • Peter Mortensen · Chief Risk Officercontrol
    since 06/2023 · owns less than 5%
  • Brian Howard Surloff · Directorcontrol
    since 02/2023 · owns less than 5%
Entity owners
  • Russell Investments US Retail Holdco, Inc. · Owner
    direct · owns 75% or more
  • Emerald Acquisition Limited · Owner
    indirect · owns 75% or more of Russell Investments US Retail Holdco, Inc.
  • Russell Investments Cayman Midco, Ltd · Owner
    indirect · owns 75% or more of Emerald Acquisition Limited
  • Russell Investments Group, Ltd. · Owner
    indirect · owns 75% or more of Russell Investments Cayman Midco, Ltd
  • Ta Xii-A Eu Aiv, L.P. · Shareholder
    indirect · owns 25% to 50% of Russell Investments Group, Ltd.
Related persons
Schedule D 7.A
  • Frf Partners II, LLC
    pooled vehicle sponsorn
  • Frf Partners IV, L.P.
    pooled vehicle sponsorn
  • In Partnership Financial Advisers Limited
    investment advisern
  • Russell Investment Group Ltd
    investment advisern
  • Russell Investment Group Pty Ltd
    investment advisern
  • Russell Investment Management (Shanghai) Company, Ltd.
    investment advisern
  • Russell Investment Management Ltd.
    investment advisern
  • Russell Investments Canada Limited
    investment advisern
  • Russell Investments
    investment adviserbankpooled vehicle sponsornRAUM $35B
  • Russell Investments Delaware, LLC
    pooled vehicle sponsorn
  • Russell Investments Employee Benefits Pty. Ltd.
    investment advisern
  • Russell Investments Financial Services, LLC
    broker-dealery
  • Russell Investments Financial Solutions Pty Ltd.
    investment advisern
  • Russell Investments France Sas
    investment advisern
  • Russell Investments Funds Management, LLC
    pooled vehicle sponsorn
  • Russell Investments Gpcf Gp S.A.R.L.
    pooled vehicle sponsorn
  • Russell Investments Gui Gp S.A.R.L.
    pooled vehicle sponsorn
  • Russell Investments Implementation Services Limited
    investment advisern
  • Russell Investments
    broker-dealerinvestment adviserbanknRAUM $81B
  • Russell Investments Ireland Limited
    investment adviserpooled vehicle sponsorn
  • Russell Investments Japan Co., Ltd.
    investment advisern
  • Russell Investments Korea Limited
    investment advisern
  • Russell Investments Limited
    investment advisern
  • Russell Investments Pmf 2019 Gp, LLC
    bankpooled vehicle sponsorn
  • Russell Investments Pmf 23 Gp S.A.R.L.
    pooled vehicle sponsorn
  • Russell Investments Trust Company
    bankn
  • Russell Investments Wpp Global Private Credit Gp Limited
    pooled vehicle sponsorn
  • Russell Investments Wpp Global Private Credit Gp1 Limited
    pooled vehicle sponsorn
  • The On-Line Partnership Limited
    investment advisern
  • The Whitechurch Network Limited
    investment advisern
Advisers that list Russell Investments as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Seattle, Wa · principal4012
Milwaukee, Wi2901
New York, Ny200
Wayzata, Mn200
Boston, Ma100
Brookfield, Wi100
Tierra Verde, Fl000
Milton, Ga000
Offices
Schedule D 1.F, the 25 largest
  • New York, NY16 employees
  • Milwaukee, WI
ADV anomalies
3 against comparable advisers; where to look, not conclusions
  • account count collapseChange between filings · filing Apr 1, 2026
    accounts (Item 5.F.2.f) moved from 69,312.0 to 6,599.0 (-90.0%) between the annual amendments of 2025-03-28 and 2026-04-01; the peer median change was +4.0% (111 comparable advisers, 1.0th percentile of changes)
    peers: asset managers, $20B and over (111) · 0.9% percentile
  • client count collapseChange between filings · filing Apr 1, 2026
    individual and HNW clients (Item 5.D) moved from 66,781.0 to 0.0 (-100.0%) between the annual amendments of 2025-03-28 and 2026-04-01; the peer median change was +8.0% (38 comparable advisers, 0.0th percentile of changes)
    peers: asset managers, $20B and over (38) · 0.0% percentile
  • client mix shiftChange between filings · filing Apr 1, 2026
    private-client share of RAUM moved from 15.0% to 0.0% between the annual amendments of 2025-03-28 and 2026-04-01
    peers: asset managers, $20B and over (512)
What changed
consecutive filings, newest first
  • RAUM · $62B to $69B
    Sep 5, 2025 to Mar 31, 2026
  • Accounts · 69,312 to 6,599
    Sep 5, 2025 to Mar 31, 2026
  • Advisory employees · 122 to 115
    Sep 5, 2025 to Mar 31, 2026
  • Advisory activities · 5 to 4
    Sep 5, 2025 to Mar 31, 2026
  • BD registered reps · 192 to 205
    Sep 5, 2025 to Mar 31, 2026
  • Charity clients · 116 to 0
    Sep 5, 2025 to Mar 31, 2026
  • Corporate clients · 41 to 0
    Sep 5, 2025 to Mar 31, 2026
  • HNW clients · 332 to 0
    Sep 5, 2025 to Mar 31, 2026
  • Individual clients · 66,449 to 0
    Sep 5, 2025 to Mar 31, 2026
  • Pension plan clients · 287 to 1
    Sep 5, 2025 to Mar 31, 2026
  • Employees · 589 to 569
    Sep 5, 2025 to Mar 31, 2026
  • State-registered IARs · 80 to 79
    Sep 5, 2025 to Mar 31, 2026
  • Discretionary RAUM · $62B to $68B
    Sep 5, 2025 to Mar 31, 2026
  • HNW RAUM · 487882502.0 to unset
    Sep 5, 2025 to Mar 31, 2026
  • Individual RAUM · $9.1B to $0
    Sep 5, 2025 to Mar 31, 2026
  • Non-discretionary RAUM · $167M to $227M
    Sep 5, 2025 to Mar 31, 2026
  • Pension RAUM · $149M to $65.3M
    Sep 5, 2025 to Mar 31, 2026
  • Pooled vehicle RAUM · $1.7B to $1.7B
    Sep 5, 2025 to Mar 31, 2026
  • Wrap assets (manager) · $9.6B to $0
    Sep 5, 2025 to Mar 31, 2026
  • Financial planning clients · unset to
    Mar 28, 2025 to Jul 21, 2025
  • Accounts · 70,944 to 69,312
    Oct 3, 2024 to Mar 28, 2025
  • Advisory employees · 115 to 122
    Oct 3, 2024 to Mar 28, 2025
  • Advisory activities · 6 to 5
    Oct 3, 2024 to Mar 28, 2025
  • BD registered reps · 226 to 192
    Oct 3, 2024 to Mar 28, 2025
  • Charity clients · 111 to 116
    Oct 3, 2024 to Mar 28, 2025
  • Corporate clients · 43 to 41
    Oct 3, 2024 to Mar 28, 2025
  • HNW clients · 262 to 332
    Oct 3, 2024 to Mar 28, 2025
  • Individual clients · 70,125 to 66,449
    Oct 3, 2024 to Mar 28, 2025
  • Pension plan clients · 344 to 287
    Oct 3, 2024 to Mar 28, 2025
  • Pooled vehicle clients · 2 to 1
    Oct 3, 2024 to Mar 28, 2025
  • Employees · 653 to 589
    Oct 3, 2024 to Mar 28, 2025
  • State-registered IARs · 84 to 80
    Oct 3, 2024 to Mar 28, 2025
  • Private funds · 2 to 1
    Oct 3, 2024 to Mar 28, 2025
  • Discretionary RAUM · $52B to $62B
    Oct 3, 2024 to Mar 28, 2025
  • HNW RAUM · $374M to $488M
    Oct 3, 2024 to Mar 28, 2025
  • Individual RAUM · $9.0B to $9.1B
    Oct 3, 2024 to Mar 28, 2025
  • Non-discretionary RAUM · $122M to $167M
    Oct 3, 2024 to Mar 28, 2025
  • Pension RAUM · $167M to $149M
    Oct 3, 2024 to Mar 28, 2025
  • Pooled vehicle RAUM · $1.7B to $1.7B
    Oct 3, 2024 to Mar 28, 2025
  • RAUM · $52B to $62B
    Oct 3, 2024 to Mar 28, 2025
Signals
55 dated events
  • Kari Ann Maenhout left Russell Investments for M Holdings Securities, Inc. (registered 2026-03-13)
    Apr 16, 2026 · Advisor changed firm · fact
  • Erik Edward Landsverk left Russell Investments for Gateway Wealth Partners, Llc (registered 2026-06-04)
    Mar 30, 2026 · Advisor changed firm · fact
  • Benjamin L'Empereur left Russell Investments for Madison Partners (registered 2025-11-20)
    Nov 13, 2025 · Advisor changed firm · fact
  • Jack William Swingle left Russell Investments for Capital Client Group, Inc. (registered 2025-04-17)
    Apr 10, 2025 · Advisor changed firm · fact
  • Joshua Jacobs Mccarthy left Russell Investments for Lifepoint Planning (registered 2025-03-13)
    Apr 1, 2025 · Advisor changed firm · fact
  • David Thomas Price left Russell Investments for Wells Fargo Advisors (registered 2025-04-25)
    Apr 1, 2025 · Advisor changed firm · fact
  • Jared Hare left Russell Investments for Alliancebernstein L.P. (registered 2025-01-09)
    Jan 21, 2025 · Advisor changed firm · fact
  • David Joseph Pagliaro left Russell Investments for Meeder Advisory Services, Inc. (registered 2026-01-26)
    Dec 26, 2024 · Advisor changed firm · fact
  • Spencer Scott Bowen (Chief Financial Officer) appeared on Schedule A of Russell Investments
    Oct 3, 2024 · Control person joined · fact
  • Harold Stephen Belgrad (Chief Financial Officer) no longer on Schedule A of Russell Investments (listed 2024-03-29, absent 2024-07-30)
    Jul 30, 2024 · Control person left · inference
  • Mary Erwin left Russell Investments for O'Shaughnessy Asset Management, Llc (registered 2025-09-29)
    May 13, 2024 · Advisor changed firm · fact
  • Chad Alan Thomas-Killam left Russell Investments for Northwestern Mutual Investment Services,Llc (registered 2024-10-04)
    May 6, 2024 · Advisor changed firm · fact
  • Evan Harbot left Russell Investments for Cnl Educational Institute, Llc (registered 2024-07-02)
    Apr 22, 2024 · Advisor changed firm · fact
  • Scott Randall Hegarty (Us Advisor Chief Compliance Officer) no longer on Schedule A of Russell Investments (listed 2023-11-30, absent 2024-03-29)
    Mar 29, 2024 · Control person left · inference
  • E Amy Curran (Us Adviser Chief Compliance Officer) appeared on Schedule A of Russell Investments
    Mar 29, 2024 · Control person joined · fact
  • Daniel Tyler Smith left Russell Investments for Independent Financial Partners (registered 2026-07-22)
    Mar 28, 2024 · Advisor changed firm · fact
  • Nicholas James Coccio left Russell Investments for Ac Wealth Partners (registered 2024-03-25)
    Feb 13, 2024 · Advisor changed firm · fact
  • Scott Randall Hegarty (Us Advisor Chief Compliance Officer) appeared on Schedule A of Russell Investments
    Nov 30, 2023 · Control person joined · fact
  • Robert Michael Mcaleer left Russell Investments for Newedge Advisors (registered 2025-10-29)
    Nov 20, 2023 · Advisor changed firm · fact
  • Matthew Lee Goska left Russell Investments for Victory Capital Management Inc. (registered 2023-11-13)
    Nov 14, 2023 · Advisor changed firm · fact
  • Sylvester Marbey (Chief Compliance Officer) no longer on Schedule A of Russell Investments (listed 2023-06-30, absent 2023-10-27)
    Oct 27, 2023 · Control person left · inference
  • Cory Walter Christiana left Russell Investments for Nexten Fp (registered 2026-01-05)
    Oct 17, 2023 · Advisor changed firm · fact
  • Patrick John Mcmurray (Chief Risk Officer) no longer on Schedule A of Russell Investments (listed 2023-03-31, absent 2023-06-30)
    Jun 30, 2023 · Control person left · inference
  • Peter Mortensen (Chief Risk Officer) appeared on Schedule A of Russell Investments
    Jun 30, 2023 · Control person joined · fact
  • Edward Mark Swanson (Director) no longer on Schedule A of Russell Investments (listed 2022-11-17, absent 2023-03-31)
    Mar 31, 2023 · Control person left · inference
  • Lisa Marie Mumper left Russell Investments for Harbour Investments, Inc. (registered 2023-03-07)
    Feb 24, 2023 · Advisor changed firm · fact
  • Alexander Rabinovich left Russell Investments for Rothschild Wealth Llc (registered 2023-02-01)
    Feb 3, 2023 · Advisor changed firm · fact
  • Tykia C Williams left Russell Investments for Drake & Associates, Llc (registered 2024-03-05)
    Dec 7, 2022 · Advisor changed firm · fact
  • 2 advisors left Pruco Securities, LLC (Wauwatosa, WI) for Russell Investments on the same day
    Dec 6, 2022 · Team lift-out · derived
  • Michael Kevin Klingert (Director) no longer on Schedule A of Russell Investments (listed 2022-03-31, absent 2022-11-17)
    Nov 17, 2022 · Control person left · inference
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Firm profile
linkedin.com/company/russell-investmentsreportedpublic record, Form ADV, Sep 17, 2026
Website
russellinvestments.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
206-505-7877reportedpublic record, Form ADV, Apr 1, 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
Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
RAUM per advisor
$927Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026