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.

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SEC-registered adviser

H••••• C•••••• M••••••••• I•••

Independent wealth managerManchester, VermontCRD 107896SEC 801-79521websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Apr 2, 2012 · 17 filings
SEC status approved since Apr 9, 2014
RAUM
$271M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
65%
$176M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$136M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
3
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$271M as of Mar 30, 2026
Apr 2, 2012$76.9M then
HNW client RAUM$168M as of Mar 30, 2026
Mar 30, 2018$81.4M then
State-registered IARs (5.B.3)2 as of Mar 30, 2026
Apr 2, 20120 then
Employees (5.A)4 as of Mar 30, 2026
Mar 31, 20152 then
Private funds3 as of Mar 30, 2026
Apr 2, 20123 then
RAUM +0.2% over the last fiscal year+13% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
  • 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
  • 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
$136MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
55derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.2MderivedHNW RAUM over HNW clients
Average account
$2.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
1.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+0.2%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+1.9%derived
Compensation
percentage of assets, fixed fees, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for pooled vehicles, otherreportedItem 5.G
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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$168M62%
  • Pooled investment vehicles$80.6M30%
  • Corporations and businesses$14.3M5.3%
  • Individuals$8.2M3.0%
  • Charitable organizations$428,7550.2%
Individual clients
33reported
HNW clients
76reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
122reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.65 fund_share=0.3 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
D••••• E•••••••• H•••••Manchester, VtSep 24, 201230 y1
D••••• E• H•••••Manchester, VtOct 26, 201219 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
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      3 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • H•••••• D•••••• E• · Chief Compliance Officer, Vice President, Secretarycontrol
        since 01/2006 · owns less than 5%
      • H•••••• D•••••• E•••••••• · Presidentcontrol
        since 02/1995 · owns 75% or more
      Related persons
      Schedule D 7.A
      • A••••• P••••••• M••••••••• L••
        pooled vehicle sponsory
      • D••••• E• H•••••
        pooled vehicle sponsory
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Manchester, Vt · principal200
      Offices
      Schedule D 1.F, the 25 largest
      • Burlington, VT1 employees
      What changed
      consecutive filings, newest first
      • Accounts · 120 to 122
        Mar 28, 2025 to Mar 30, 2026
      • Corporate clients · 5 to 6
        Mar 28, 2025 to Mar 30, 2026
      • Individual clients · 31 to 33
        Mar 28, 2025 to Mar 30, 2026
      • Discretionary RAUM · $271M to $271M
        Mar 28, 2025 to Mar 30, 2026
      • HNW RAUM · $162M to $168M
        Mar 28, 2025 to Mar 30, 2026
      • Individual RAUM · $7.7M to $8.2M
        Mar 28, 2025 to Mar 30, 2026
      • Pension RAUM · 11964302.0 to unset
        Mar 28, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $74.1M to $80.6M
        Mar 28, 2025 to Mar 30, 2026
      • RAUM · $271M to $271M
        Mar 28, 2025 to Mar 30, 2026
      • Accounts · 116 to 120
        Mar 29, 2024 to Mar 28, 2025
      • Advisory employees · 2 to 3
        Mar 29, 2024 to Mar 28, 2025
      • Charity clients · 0.0 to unset
        Mar 29, 2024 to Mar 28, 2025
      • HNW clients · 72 to 76
        Mar 29, 2024 to Mar 28, 2025
      • Individual clients · 33 to 31
        Mar 29, 2024 to Mar 28, 2025
      • Pension plan clients · 1.0 to unset
        Mar 29, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Mar 28, 2025
      • Discretionary RAUM · $194M to $271M
        Mar 29, 2024 to Mar 28, 2025
      • HNW RAUM · $106M to $162M
        Mar 29, 2024 to Mar 28, 2025
      • Individual RAUM · $7.7M to $7.7M
        Mar 29, 2024 to Mar 28, 2025
      • Pension RAUM · $10.6M to $12.0M
        Mar 29, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $64.5M to $74.1M
        Mar 29, 2024 to Mar 28, 2025
      • RAUM · $194M to $271M
        Mar 29, 2024 to Mar 28, 2025
      • Accounts · 115 to 116
        Mar 30, 2023 to Mar 29, 2024
      • Corporate clients · 6 to 5
        Mar 30, 2023 to Mar 29, 2024
      • HNW clients · 70 to 72
        Mar 30, 2023 to Mar 29, 2024
      • Discretionary RAUM · $190M to $194M
        Mar 30, 2023 to Mar 29, 2024
      • HNW RAUM · $105M to $106M
        Mar 30, 2023 to Mar 29, 2024
      • Individual RAUM · $7.4M to $7.7M
        Mar 30, 2023 to Mar 29, 2024
      • Pension RAUM · $11.7M to $10.6M
        Mar 30, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $62.1M to $64.5M
        Mar 30, 2023 to Mar 29, 2024
      • RAUM · $190M to $194M
        Mar 30, 2023 to Mar 29, 2024
      • Accounts · 105 to 115
        Mar 30, 2022 to Mar 30, 2023
      • Corporate clients · 5 to 6
        Mar 30, 2022 to Mar 30, 2023
      • HNW clients · 63 to 70
        Mar 30, 2022 to Mar 30, 2023
      • Individual clients · 31 to 33
        Mar 30, 2022 to Mar 30, 2023
      • Discretionary RAUM · $195M to $190M
        Mar 30, 2022 to Mar 30, 2023
      • HNW RAUM · $104M to $105M
        Mar 30, 2022 to Mar 30, 2023
      • Individual RAUM · $6.5M to $7.4M
        Mar 30, 2022 to Mar 30, 2023
      • Pension RAUM · $13.7M to $11.7M
        Mar 30, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $67.3M to $62.1M
        Mar 30, 2022 to Mar 30, 2023
      Signals
      1 dated events
      • H••••• C•••••• M••••••••• I••• filed its initial SEC registration (Form ADV)
        Mar 28, 2014 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Business phone
      802-366-8146reportedpublished by the firm, firm site, Sep 17, 2026
      Business phone
      802-366-8157reportedpublished by the firm, firm site, Sep 17, 2026
      Firm profile
      linkedin.com/company/hutner-capital-managementreportedpublic record, Form ADV, Sep 18, 2026
      Website
      H••••://H•••••.CAPITALreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      802-366-8157reportedpublic record, Form ADV, Mar 30, 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
      $136Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026