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

Thornburg Investment Management Inc

Asset manager (funds and pooled vehicles)Santa Fe, New MexicoCRD 106357SEC 801-17853websiteIAPD
Latest filing Mar 27, 2026
First filing on the tape Mar 29, 2012 · 69 filings
SEC status approved since Oct 15, 1982
RAUM
$54B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
2.3%
$1.3B individuals and HNW
Advisors
42
registered through the firm on IAPD
RAUM per advisor
$1.3B
derived; firm RAUM over IAPD count
Employees
219
40 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
69 filings and snapshots on the tape
RAUM$54B as of Mar 27, 2026
Mar 29, 2012$73B then
HNW client RAUM$386M as of Mar 27, 2026
Mar 29, 2018$1.2B then
State-registered IARs (5.B.3)34 as of Mar 27, 2026
Mar 22, 201351 then
Employees (5.A)219 as of Mar 27, 2026
Mar 22, 2013184 then
Private funds2 as of Mar 27, 2026
Mar 29, 20122 then
RAUM +20% over the last fiscal year+12% a year over threeIARs 43 to 34
Practice profile
derived from the filing of Mar 27, 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
$1.3BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
12derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.1MderivedHNW RAUM over HNW clients
Average account
$85.8MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
5.2derivedItem 5.A over advisors
Advisors per office
42.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
-21%derivedItem 5.B.3 between annual amendments
Client growth, one year
-13%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$52.6M, 2 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
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$50B92%
  • Pooled investment vehicles$2.5B4.7%
  • Individuals$864M1.6%
  • High-net-worth individuals$386M0.7%
  • Corporations and businesses$339M0.6%
  • Other investment advisers$42.6M0.1%
  • Charitable organizations$5.1M0.0%
Individual clients
300reported
HNW clients
187reported
Pension plan clients
0reported
Charitable clients
8reported
Accounts
635reported
Financial planning clients
reported
Wrap fee programs
$0 sponsored, $419M managedreported
Custody of client assets
$52.6M for 2 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.02 fund_share=0.96 institutional_share=0.0 related_bd=true related_bank=true bd_reps=66.0derived
Advisors registered through the firm
42 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Andrew Weldon RiceSanta Fe, Nm Jul 4, 200725 y0
Julie Ann GeraciSanta Fe, NmApr 11, 201136 y0
Troy Edward MosconiLoveland, Oh Jan 17, 201232 y0
William Ryan ChisholmCoopersburg, Pa Apr 17, 201225 y1
Elijah Alan KingSanta Fe, NmApr 5, 201314 y1
Matthew David SeiterHuntersville, Nc Jan 10, 201419 y4
Adam Walton SparkmanSanta Fe, NmNov 10, 201412 y0
Jonathan David JurusBeverly Hills, Mi Apr 12, 201622 y3
Jesse Ryan BrownellSanta Fe, Nm Dec 21, 201718 y0
William F LoehningSanta Fe, Nm Mar 15, 201823 y1
Keegan James ParkerSanta Fe, NmJun 11, 20189 y0
Lucinda Barbara CandalSanta Fe, NmJan 8, 202010 y1
Zachary Steven SchweissSeattle, Wa Apr 15, 202016 y1
William R EberleSanta Fe, Nm Mar 16, 202116 y2
Tyler Lynn JenkinsPasadena, Tx Apr 1, 202112 y1
Cole Anthony KopacekSanta Fe, Nm Apr 21, 202116 y1
Allison Patricia DaweSanta Fe, NmNov 22, 202210 y1
Joaquin Alonso GarciaSanta Fe, NmDec 1, 202210 y0
Matias Palacio ClelandSanta Fe, Nm Aug 25, 202313 y0
Zachary Ian ForsterSanta Fe, Co Sep 6, 202319 y0
Lucas Skidmore RameakaMedfield, Ma Jan 29, 202424 y5
Julie Erin VannSanta Fe, NmOct 2, 202412 y0
Brian Carlyle PerkesSanta Fe, Nm Feb 10, 202529 y2
Alex Samuel KatzSanta Fe, Nm Oct 22, 202518 y2
Ronald OlexsakSanta Fe, NmNov 17, 202529 y0
Jason Lee MillerLake Barrington, Il Dec 2, 202525 y2
Kevin Yosaku EndoChartered Financial AnalystSanta Fe, NmDec 10, 202517 y2
Steven SeidChartered Financial AnalystSanta Fe, Nm Feb 4, 202617 y2
Sheldon Dean FreezeSanta Fe, NmFeb 5, 202612 y0
Phillip B GronnigerChartered Financial AnalystSanta Fe, Nm Feb 6, 202619 y1
Timothy OrtizSanta Fe, NmFeb 13, 202617 y0
Caden Kenneth HollowaySanta Fe, NmApr 15, 202610 y1
Jonathan Ronald OrmanMound, Mn Apr 17, 202629 y5
Kelly VaselWestfield , Nj Jun 10, 202613 y1
Anthony David JonesSanta Fe, NmJul 1, 202610 y0
Katarzyna Alicja JablonskiSanta Fe, NmJul 13, 202614 y4
Jonathan David BeuerleinPalos Verdes Estates, Ca Jul 30, 202616 y0
James Gerard ColettiSanta Fe, Nm Aug 5, 202626 y0
Linh Chi LeSanta Fe, Nm Aug 10, 202610 y1
John Maxwell PaulyChartered Financial AnalystColumbus, Oh Aug 14, 202611 y0
All 42 advisors at Thornburg Investment Management Inc
Advisor movement
4 left, 11 joined in 12 months
net +7 in 12 months2 left in 90 days2 joined in 90 daysdeparture rate 9.5% of current headcount17 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
10 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
Thornburg Developing World Fundno longer reportedOther Private Fund$67.5M7Mar 26, 2014
Thornburg Partners Fund LPno longer reportedHedge Fund$46.2M23Mar 29, 2012
Thornburg International Equity Fund (Q.P.) LLCOther Private Fund$29.0M4Mar 29, 2012
Thornburg Global Opportunities Fundno longer reportedOther Private Fund$6.6M7Mar 26, 2014
Thornburg Global Equity Ex-U.S Fundno longer reportedOther Private Fund$6.3M6Mar 26, 2014
Trev 2021 Eiv LLCReal Estate Fund$3.4M15Mar 31, 2023
Thornburg Investment Income Builder Fundno longer reportedOther Private Fund$3.1M11Mar 26, 2014
Thornburg Global Equity Income Fundno longer reportedOther Private Fund$2.8M1Mar 26, 2014
Thornburg Multisector Opportunistic Fund (Q.P.) LLCno longer reportedOther Private Fund$00Mar 31, 2015
Thornburg Developing World Fund (Q.P.) LLCno longer reportedOther Private Fund$00Mar 26, 2014
Owners and control persons
Schedule A and B, latest filing
  • Sanjay Nimish Bhatt · Chief Financial Officer And Treasurercontrol
    since 08/2016 · owns less than 5%
  • Taney Brian Boyd · Directorcontrol
    since 12/2023 · owns less than 5%
  • Mikolajczyk Amy Callow · General Counsel And Secretarycontrol
    since 01/2022 · owns less than 5%
  • Rivers Robin Keller · Directorcontrol
    since 08/2022 · owns less than 5%
  • John Brian Mcmahon · Vice Chairman, Directorcontrol
    since 01/2016 · owns less than 5%
  • Cudd Blair Naylor · Directorcontrol
    since 04/2021 · owns less than 5%
  • Allan William Rogers · Chief Operating Officercontrol
    since 07/2024 · owns less than 5%
  • Garrett Harold Thornburg · Chairman,Directorcontrol
    since 08/1997 · owns less than 5%
  • John Stephen Velie · Chief Compliance Officercontrol
    since 07/2009 · owns less than 5%
  • Joseph Mark Zinkula · President, Chief Executive Officer, Directorcontrol
    since 09/2023 · owns less than 5%
  • Garrett Harold Thornburg · Trusteecontrol
    since 07/1990 · owns 75% or more of Garrett Thornburg Revocable Trust
Entity owners
  • Garrett Thornburg Revocable Trust · Shareholder
    direct · owns 75% or more
Related persons
Schedule D 7.A
  • Thornburg Investment Management (Asia) Ltd
    broker-dealerinvestment advisery
  • Thornburg Investment Management (Shanghai) Ltd
    investment advisery
  • Thornburg Securities LLC
    broker-dealern
Advisers that list Thornburg Investment Management Inc as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Santa Fe, Nm · principal42193
Westfield, Nj220
Denver, Co101
Athens, Ga000
Hinsdale, Il000
Granite Bay, Ca000
Los Angeles, Ca000
Millersville, Md000
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • compensation changedChange between filings · filing Mar 27, 2026
    performance-based compensation (Item 5.E.6): yes on the filing of 2025-11-06, no on the filing of 2026-03-27
    peers: asset managers, $20B and over (512)
What changed
consecutive filings, newest first
  • Accounts · 705 to 635
    Nov 6, 2025 to Mar 27, 2026
  • Advisory employees · 41 to 40
    Nov 6, 2025 to Mar 27, 2026
  • Advisory activities · 4 to 5
    Nov 6, 2025 to Mar 27, 2026
  • BD registered reps · 125 to 66
    Nov 6, 2025 to Mar 27, 2026
  • Charity clients · 9 to 8
    Nov 6, 2025 to Mar 27, 2026
  • Corporate clients · 53 to 52
    Nov 6, 2025 to Mar 27, 2026
  • HNW clients · 304 to 187
    Nov 6, 2025 to Mar 27, 2026
  • Individual clients · 255 to 300
    Nov 6, 2025 to Mar 27, 2026
  • Pooled vehicle clients · 27 to 35
    Nov 6, 2025 to Mar 27, 2026
  • Assets in custody · $40.1M to $52.6M
    Nov 6, 2025 to Mar 27, 2026
  • State-registered IARs · 43 to 34
    Nov 6, 2025 to Mar 27, 2026
  • Discretionary RAUM · $45B to $54B
    Nov 6, 2025 to Mar 27, 2026
  • HNW RAUM · $413M to $386M
    Nov 6, 2025 to Mar 27, 2026
  • Individual RAUM · $820M to $864M
    Nov 6, 2025 to Mar 27, 2026
  • Pooled vehicle RAUM · $1.2B to $2.5B
    Nov 6, 2025 to Mar 27, 2026
  • RAUM · $45B to $54B
    Nov 6, 2025 to Mar 27, 2026
  • Wrap assets (manager) · $360M to $419M
    Nov 6, 2025 to Mar 27, 2026
  • Accounts · 750 to 705
    Jan 23, 2025 to Apr 23, 2025
  • Advisory employees · 42 to 41
    Jan 23, 2025 to Apr 23, 2025
  • BD registered reps · 88 to 125
    Jan 23, 2025 to Apr 23, 2025
  • Charity clients · 6 to 9
    Jan 23, 2025 to Apr 23, 2025
  • Corporate clients · 37 to 53
    Jan 23, 2025 to Apr 23, 2025
  • HNW clients · 233 to 304
    Jan 23, 2025 to Apr 23, 2025
  • Individual clients · 391 to 255
    Jan 23, 2025 to Apr 23, 2025
  • Pension plan clients · 2 to 0
    Jan 23, 2025 to Apr 23, 2025
  • Pooled vehicle clients · 13 to 27
    Jan 23, 2025 to Apr 23, 2025
  • Assets in custody · $32.5M to $40.1M
    Jan 23, 2025 to Apr 23, 2025
  • Employees · 202 to 219
    Jan 23, 2025 to Apr 23, 2025
  • Financial planning clients · unset to
    Jan 23, 2025 to Apr 23, 2025
  • State-registered IARs · 29 to 43
    Jan 23, 2025 to Apr 23, 2025
  • Discretionary RAUM · $42B to $45B
    Jan 23, 2025 to Apr 23, 2025
  • HNW RAUM · $1.8B to $413M
    Jan 23, 2025 to Apr 23, 2025
  • Individual RAUM · $192M to $820M
    Jan 23, 2025 to Apr 23, 2025
  • Pension RAUM · 974736.0 to unset
    Jan 23, 2025 to Apr 23, 2025
  • Pooled vehicle RAUM · $333M to $1.2B
    Jan 23, 2025 to Apr 23, 2025
  • RAUM · $42B to $45B
    Jan 23, 2025 to Apr 23, 2025
  • Related bank · false to true
    Jan 23, 2025 to Apr 23, 2025
  • Wrap assets (manager) · $312M to $360M
    Jan 23, 2025 to Apr 23, 2025
  • Accounts · 658 to 750
    Mar 12, 2024 to Mar 28, 2024
  • Advisory employees · 43 to 42
    Mar 12, 2024 to Mar 28, 2024
Signals
39 dated events
  • Daniel Thomas Gamache left Thornburg Investment Management Inc for Kilterhowling Llc (registered 2026-07-22)
    Jul 21, 2026 · Advisor changed firm · fact
  • Julio Manuel Rivera left Thornburg Investment Management Inc for Wells Fargo Advisors (registered 2026-06-30)
    Jun 25, 2026 · Advisor changed firm · fact
  • Maria Isabel Ozechowski left Thornburg Investment Management Inc for Northwestern Mutual Investment Services,Llc (registered 2026-03-26)
    Jan 5, 2026 · Advisor changed firm · fact
  • Scott Robert Kent left Thornburg Investment Management Inc for Lazard Asset Management Llc (registered 2025-10-10)
    Sep 2, 2025 · Advisor changed firm · fact
  • Dominic Mark Alto left Thornburg Investment Management Inc for Hilltop Securities Asset Management, Llc (registered 2026-05-14)
    Jul 14, 2025 · Advisor changed firm · fact
  • Carolyn Salazar Ives left Thornburg Investment Management Inc for Stifel, Nicolaus & Company, Incorporated (registered 2025-06-17)
    Jun 18, 2025 · Advisor changed firm · fact
  • Harold Thomas Whalen left Thornburg Investment Management Inc for Nuveen Asset Management, Llc (registered 2025-07-23)
    May 7, 2025 · Advisor changed firm · fact
  • Thornburg Investment Management Inc reported 43 state-registered advisory representatives, up from 29 (2025-01-23 to 2025-04-23)
    Apr 23, 2025 · Advisor headcount change · derived
  • Joseph Timothy Daly left Thornburg Investment Management Inc for Lazard Asset Management Llc (registered 2025-10-02)
    Mar 10, 2025 · Advisor changed firm · fact
  • Daniel Gasper left Thornburg Investment Management Inc for Northwestern Mutual Investment Services,Llc (registered 2025-08-19)
    Feb 11, 2025 · Advisor changed firm · fact
  • Craig Shafer Blessing left Thornburg Investment Management Inc for Capital Client Group, Inc. (registered 2025-05-30)
    Oct 16, 2024 · Advisor changed firm · fact
  • Allan William Rogers (Chief Operating Officer) appeared on Schedule A of Thornburg Investment Management Inc
    Jul 24, 2024 · Control person joined · fact
  • Jesse Michael Neerdaels left Thornburg Investment Management Inc for Allspring Funds Management, Llc (registered 2024-08-01)
    Jul 19, 2024 · Advisor changed firm · fact
  • James Humpherson Mollett left Thornburg Investment Management Inc for Northwestern Mutual Investment Services,Llc (registered 2024-06-14)
    Apr 25, 2024 · Advisor changed firm · fact
  • Leon Randall Dry (Chief Operating Officer) no longer on Schedule A of Thornburg Investment Management Inc (listed 2024-04-08, absent 2024-04-16)
    Apr 16, 2024 · Control person left · inference
  • Joshua Gotbaum (Director) no longer on Schedule A of Thornburg Investment Management Inc (listed 2024-01-18, absent 2024-02-27)
    Feb 27, 2024 · Control person left · inference
  • Brian Boyd (Director) appeared on Schedule A of Thornburg Investment Management Inc
    Jan 18, 2024 · Control person joined · fact
  • Alexander Salidas left Thornburg Investment Management Inc for Merrill Lynch, Pierce, Fenner & Smith Incorporated (registered 2024-05-14)
    Jan 9, 2024 · Advisor changed firm · fact
  • Brian Michael Ridgeway left Thornburg Investment Management Inc for Bahl & Gaynor Llc (registered 2025-09-24)
    Jan 9, 2024 · Advisor changed firm · fact
  • Comer Brooks Woodruff left Thornburg Investment Management Inc for Synovus Securities, Inc. (registered 2024-01-02)
    Jan 9, 2024 · Advisor changed firm · fact
  • Tanya Michelle Schlingman left Thornburg Investment Management Inc for U.S. Bancorp Investments, Inc. (registered 2024-02-29)
    Jan 2, 2024 · Advisor changed firm · fact
  • Henry Jason Brady (President, Chief Executive Officer, Director) no longer on Schedule A of Thornburg Investment Management Inc (listed 2023-05-17, absent 2023-10-03)
    Oct 3, 2023 · Control person left · inference
  • Joseph Mark Zinkula (President, Chief Executive Officer, Director) appeared on Schedule A of Thornburg Investment Management Inc
    Oct 3, 2023 · Control person joined · fact
  • Andrew Ford Tomson left Thornburg Investment Management Inc for Nomura Investment Management Business Trust (registered 2023-02-23)
    Feb 7, 2023 · Advisor changed firm · fact
  • Rivers Robin Keller (Director) appeared on Schedule A of Thornburg Investment Management Inc
    Feb 1, 2023 · Control person joined · fact
  • Jennifer Pittman Libertiny left Thornburg Investment Management Inc for Alliancebernstein L.P. (registered 2023-02-16)
    Jan 31, 2023 · Advisor changed firm · fact
  • Bryan Lee Treadway left Thornburg Investment Management Inc for Edward Jones (registered 2024-05-07)
    Oct 24, 2022 · Advisor changed firm · fact
  • Ian Michael Hass left Thornburg Investment Management Inc for Lpl Financial Llc (registered 2022-08-25)
    Aug 16, 2022 · Advisor changed firm · fact
  • Wang Julia Sze (Director) no longer on Schedule A of Thornburg Investment Management Inc (listed 2022-03-28, absent 2022-03-31)
    Mar 31, 2022 · Control person left · inference
  • Eliot Cutler (Director) no longer on Schedule A of Thornburg Investment Management Inc (listed 2022-02-17, absent 2022-03-28)
    Mar 28, 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/THORNBURG-INVESTMENT-MANAGEMENTreportedpublic record, Form ADV, Sep 17, 2026
Website
THORNBURG.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
505-467-7283reportedpublic record, Form ADV, Mar 27, 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
$1.3Bderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026
Across the graphs

Thornburg Investment Management Inc is the same institution as 1 record in Real Estate Funds.

Real Estate Funds1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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