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

Boyd Watterson Asset Management, LLC

Other adviserCleveland, OhioCRD 107808SEC 801-57468websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Mar 29, 2012 · 28 filings
SEC status approved since Apr 13, 2000
RAUM
$19B
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
2.9%
$551M individuals and HNW
Advisors
18
registered through the firm on IAPD
RAUM per advisor
$1.0B
derived; firm RAUM over IAPD count
Employees
140
51 advisory (5.B.1)
Offices
8
beyond the principal office
Private funds
2
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$19B as of Mar 31, 2026
Mar 29, 2012$4.8B then
HNW client RAUM$287M as of Mar 31, 2026
Mar 29, 2018$449M then
State-registered IARs (5.B.3)18 as of Mar 31, 2026
Mar 13, 201312 then
Employees (5.A)140 as of Mar 31, 2026
Mar 13, 201335 then
Private funds2 as of Mar 31, 2026
Mar 25, 20141 then
RAUM +3.0% over the last fiscal year+3.0% a year over threeIARs 18 to 18offices 6 to 8
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
RAUM per advisor
$1.0BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
37derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.4MderivedHNW RAUM over HNW clients
Average account
$17.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
96%derivedof RAUM
Institutional
33%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
7.8derivedItem 5.A over advisors
Advisors per office
2.0derived9 offices incl. principal (1.F.5)
RAUM growth, one year
+3.0%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+7.9%derived
Compensation
percentage of assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$6.4B, 10 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$10B53%
  • Pension and profit-sharing plans$2.1B11%
  • Charitable organizations$2.0B11%
  • State and municipal entities$1.6B8.5%
  • Corporations and businesses$1.4B7.6%
  • Investment companies$667M3.5%
  • Insurance companies$439M2.3%
  • High-net-worth individuals$287M1.5%
  • Individuals$263M1.4%
Individual clients
462reported
HNW clients
208reported
Pension plan clients
140reported
Charitable clients
96reported
Accounts
1,102reported
Financial planning clients
reported
Wrap fee programs
$0 sponsored, $616M managedreported
Custody of client assets
$6.4B for 10 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.03 fund_share=0.57 institutional_share=0.33 related_bd=true related_bank=false bd_reps=2.0derived
Advisors registered through the firm
18 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Brian Lee GevryChartered Financial AnalystCleveland, OhJun 13, 200032 y0
Timothy Michael HylandCleveland, OhJun 13, 200042 y0
Michael Edward BeeCleveland, OhJun 13, 200026 y0
David Michael DirkChartered Financial AnalystCleveland, OhJul 7, 200026 y0
Deborah Jean LeetCleveland, OhJul 7, 200026 y0
Theodore Noel HellmuthCleveland, OhJun 4, 200232 y0
Justin Charles WaggonerCleveland, OhJan 3, 200826 y0
Brian A ConveryChartered Financial AnalystCleveland, OhMar 28, 201215 y0
Michael Richard VandenbosscheChartered Financial AnalystCleveland, Oh Nov 10, 201437 y0
Patrick Joseph PratoCleveland, OhNov 2, 201733 y2
Rank Orion DawsonChartered Financial AnalystCleveland, OhMar 14, 201819 y1
Bobby John FradyTampa, Fl Mar 30, 201817 y4
Ashish Kumar MishraCleveland, OhApr 1, 201910 y0
Gregory David OviattChartered Financial AnalystCleveland, Oh Nov 1, 201926 y0
Stephen Bradley FushChartered Financial AnalystBloomfield Hills, Mi Nov 1, 201925 y0
Adam Carter ThayerChartered Financial AnalystBloomfield Hills, Mi Jan 8, 202428 y0
Alec L GevryCleveland, OhAug 14, 202413 y0
Michael Joseph KrushenaChartered Financial AnalystCleveland, Oh Jan 1, 202530 y0
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
Private funds
2 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
Boyd Watterson Gsa Fund, LPno longer reportedReal Estate Fund$739M79Oct 17, 2014
Boyd Watterson Limited Duration Mid-Grade Fund, LLCno longer reportedOther Private Fund$102M11Mar 25, 2014
Owners and control persons
Schedule A and B, latest filing
  • Edward Michael Bee · Executive Vice Presidentcontrol
    since 03/2003 · owns less than 5%
  • A Brian Convery · Executive Vice President/ Co-Chief Investment Officercontrol
    since 08/2019 · owns less than 5%
  • Lee Brian Gevry · Ceo / Co-Chief Investment Officercontrol
    since 01/2006 · owns less than 5%
  • Michael Timothy Hyland · President, National Director Of Sales And Marketingcontrol
    since 01/2006 · owns less than 5%
  • Jane Patricia Jamieson · Executive Vice President, Chief Financial Officercontrol
    since 03/2016 · owns less than 5%
  • Alexander Stephen Perry · Executive Vice President, Strategic Advisorcontrol
    since 01/2015 · owns less than 5%
  • Joseph Thomas Tarantino · Executive Vice President, Chief Operating Officer, Chief Legal Officer, Chief Compliance Officercontrol
    since 03/2016 · owns less than 5%
  • Allan James Waler · Executive Vice President/Chief Technology Officercontrol
    since 01/2006 · owns less than 5%
  • Hunt Sarah Everson · Trusteecontrol
    since 11/2013 · owns F of Wgh Dynasty Trust
  • Michael Jason Hunt · Trusteecontrol
    since 11/2013 · owns F of Wgh Dynasty Trust
  • William Joshua Hunt · Trusteecontrol
    since 11/2013 · owns F of Wgh Dynasty Trust
  • Daniel Matthew Hunt · Trusteecontrol
    since 11/2013 · owns F of Wgh Dynasty Trust
Entity owners
  • Boyd Watterson LLC · Shareholder
    direct · owns 75% or more
  • Boyd-Tamco Holdings, LLC · Shareholder
    indirect · owns 75% or more of Boyd Watterson LLC
  • Bw Newco Holdco, Inc · Member
    indirect · owns 50% to 75% of Boyd Watterson LLC
  • Hunt Amber Development US, LLC · Shareholder
    indirect · owns 25% to 50% of Hunt Amber London 1 Limited
  • Hunt Amber Holdings US, LLC · Shareholder
    indirect · owns 50% to 75% of Hunt Amber London 1 Limited
  • Hunt Amber London 1 Limited · Member
    indirect · owns 25% to 50% of Boyd Watterson LLC
  • Hunt Amber Ownership, LLC · Member
    indirect · owns 75% or more of Hunt Amber Development US, LLC
  • Hunt Amber Ownership, LLC · Member
    indirect · owns 75% or more of Hunt Amber Holdings US, LLC
  • Hunt Companies, Inc. · Member
    indirect · owns 75% or more of Hunt Company, LLC
  • Hunt Company, LLC · Member
    indirect · owns 75% or more of Hunt Fs Holdings LLC
  • Hunt Fs Holdings LLC · Member
    indirect · owns 75% or more of Hunt Amber Ownership, LLC
  • Wgh Dynasty Trust · Shareholder
    indirect · owns 50% to 75% of Hunt Companies, Inc.
Related persons
Schedule D 7.A
  • Boyd Watterson Gsa Gp, LLC
    pooled vehicle sponsory
  • Boyd Watterson State Government Gp, LLC
    pooled vehicle sponsory
  • Bw Clo Gp, LLC
    pooled vehicle sponsory
  • Bw Government International Feeder Fund Gp, LLC
    pooled vehicle sponsory
  • Bw Government Properties Manager, LLC
    pooled vehicle sponsory
  • Bw Mg Gp, LLC
    pooled vehicle sponsory
  • Diversified Government Reit II, Inc.
    pooled vehicle sponsory
  • Diversified Government Reit, Inc.
    pooled vehicle sponsory
Advisers that list Boyd Watterson Asset Management, LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Cleveland, Oh · principal1800
Bloomfield Hills, Mi400
Offices
Schedule D 1.F, the 25 largest
  • Bloomfield Hills, MI5 employees
  • Chicago, IL3 employees
  • Washington, DC2 employees
  • Denver, CO1 employees
  • Tampa, FL1 employees
  • West Hartford, CT1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • business activity changedChange between filings · filing Mar 31, 2026
    advises private funds (Item 7.B): no on the filing of 2025-03-25, yes on the filing of 2026-03-31
    peers: other advisers, $5B to $20B (134)
What changed
consecutive filings, newest first
  • Accounts · 1,070 to 1,102
    Mar 25, 2025 to Mar 31, 2026
  • Advisory employees · 44 to 51
    Mar 25, 2025 to Mar 31, 2026
  • Charity clients · 97 to 96
    Mar 25, 2025 to Mar 31, 2026
  • Corporate clients · 118 to 116
    Mar 25, 2025 to Mar 31, 2026
  • HNW clients · 205 to 208
    Mar 25, 2025 to Mar 31, 2026
  • Individual clients · 416 to 462
    Mar 25, 2025 to Mar 31, 2026
  • Pension plan clients · 152 to 140
    Mar 25, 2025 to Mar 31, 2026
  • Pooled vehicle clients · 8 to 9
    Mar 25, 2025 to Mar 31, 2026
  • Assets in custody · $6.4B to $6.4B
    Mar 25, 2025 to Mar 31, 2026
  • Employees · 124 to 140
    Mar 25, 2025 to Mar 31, 2026
  • Other offices · 6 to 8
    Mar 25, 2025 to Mar 31, 2026
  • Private funds · unset to 2
    Mar 25, 2025 to Mar 31, 2026
  • Discretionary RAUM · $17B to $18B
    Mar 25, 2025 to Mar 31, 2026
  • HNW RAUM · $263M to $287M
    Mar 25, 2025 to Mar 31, 2026
  • Individual RAUM · $232M to $263M
    Mar 25, 2025 to Mar 31, 2026
  • Non-discretionary RAUM · $796M to $840M
    Mar 25, 2025 to Mar 31, 2026
  • Pension RAUM · $2.1B to $2.1B
    Mar 25, 2025 to Mar 31, 2026
  • Pooled vehicle RAUM · $10.0B to $10B
    Mar 25, 2025 to Mar 31, 2026
  • RAUM · $18B to $19B
    Mar 25, 2025 to Mar 31, 2026
  • Wrap assets (manager) · $556M to $616M
    Mar 25, 2025 to Mar 31, 2026
  • Accounts · 1,126 to 1,070
    Sep 13, 2024 to Mar 25, 2025
  • Advisory employees · 45 to 44
    Sep 13, 2024 to Mar 25, 2025
  • BD registered reps · 0 to 2
    Sep 13, 2024 to Mar 25, 2025
  • Charity clients · 103 to 97
    Sep 13, 2024 to Mar 25, 2025
  • Corporate clients · 123 to 118
    Sep 13, 2024 to Mar 25, 2025
  • HNW clients · 216 to 205
    Sep 13, 2024 to Mar 25, 2025
  • Individual clients · 458 to 416
    Sep 13, 2024 to Mar 25, 2025
  • Pension plan clients · 157 to 152
    Sep 13, 2024 to Mar 25, 2025
  • Pooled vehicle clients · 6 to 8
    Sep 13, 2024 to Mar 25, 2025
  • Assets in custody · $6.9B to $6.4B
    Sep 13, 2024 to Mar 25, 2025
  • Employees · 121 to 124
    Sep 13, 2024 to Mar 25, 2025
  • Financial planning clients · unset to
    Sep 13, 2024 to Mar 25, 2025
  • State-registered IARs · 17 to 18
    Sep 13, 2024 to Mar 25, 2025
  • Discretionary RAUM · $17B to $17B
    Sep 13, 2024 to Mar 25, 2025
  • HNW RAUM · $277M to $263M
    Sep 13, 2024 to Mar 25, 2025
  • Individual RAUM · $231M to $232M
    Sep 13, 2024 to Mar 25, 2025
  • Non-discretionary RAUM · $781M to $796M
    Sep 13, 2024 to Mar 25, 2025
  • Pension RAUM · $1.7B to $2.1B
    Sep 13, 2024 to Mar 25, 2025
  • Pooled vehicle RAUM · $11B to $10.0B
    Sep 13, 2024 to Mar 25, 2025
  • RAUM · $18B to $18B
    Sep 13, 2024 to Mar 25, 2025
Signals
10 dated events
  • Daniel Matthew Hunt (Trustee) appeared on Schedule A of Boyd Watterson Asset Management, Llc
    Sep 13, 2024 · Control person joined · fact
  • William Joshua Hunt (Trustee) appeared on Schedule A of Boyd Watterson Asset Management, Llc
    Sep 13, 2024 · Control person joined · fact
  • Michael Jason Hunt (Trustee) appeared on Schedule A of Boyd Watterson Asset Management, Llc
    Sep 13, 2024 · Control person joined · fact
  • Hunt Sarah Everson (Trustee) appeared on Schedule A of Boyd Watterson Asset Management, Llc
    Sep 13, 2024 · Control person joined · fact
  • Ryan Timothy Willis left Boyd Watterson Asset Management, Llc for Manning & Napier Advisors, Llc (registered 2023-06-27)
    May 2, 2023 · Advisor changed firm · fact
  • Alexander Stephen Perry (Executive Vice President, Strategic Advisor) appeared on Schedule A of Boyd Watterson Asset Management, Llc
    Mar 31, 2023 · Control person joined · fact
  • Boyd Watterson Asset Management, Llc reported RAUM $16.7B, up 26% from $13.3B (2021-03-31 to 2022-03-31)
    Mar 31, 2022 · RAUM change · derived
  • Boyd Watterson Asset Management, Llc reported RAUM $13.3B, up 65% from $8.1B (2020-09-02 to 2021-03-31)
    Mar 31, 2021 · RAUM change · derived
  • A Brian Convery (Executive Vice President, Deputy Chief Investment Officer) appeared on Schedule A of Boyd Watterson Asset Management, Llc
    Mar 31, 2020 · Control person joined · fact
  • Richard James Shirak (Executive Vice President) no longer on Schedule A of Boyd Watterson Asset Management, Llc (listed 2019-03-29, absent 2020-03-31)
    Mar 31, 2020 · 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/BOYD-WATTERSON-ASSET-MANAGEMENTreportedpublic record, Form ADV, Sep 17, 2026
Website
BOYDWATTERSON.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
216-771-3450reportedpublic 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
Other adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
$1.0Bderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026
Across the graphs

Boyd Watterson Asset Management, LLC 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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