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

B•••••• I••••••••• M••••••••• L••

Independent wealth managerWest Conshohocken, PennsylvaniaCRD 108922SEC 801-56558websiteIAPD
Latest filing Mar 16, 2026
First filing on the tape Mar 14, 2012 · 28 filings
SEC status approved since May 26, 1999
RAUM
$1.3B
reported, Item 5.F
Discretionary
80%
of RAUM
Private clients
91%
$1.2B individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$432M
derived; firm RAUM over IAPD count
Employees
14
11 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$1.3B as of Mar 16, 2026
Mar 14, 2012$246M then
HNW client RAUM$1.1B as of Mar 16, 2026
Mar 27, 2018$587M then
State-registered IARs (5.B.3)1 as of Mar 16, 2026
Mar 15, 20134 then
Employees (5.A)14 as of Mar 16, 2026
Mar 15, 20136 then
Private funds: no history
RAUM +4.9% over the last fiscal year+8.0% a year over threeIARs 2 to 1
Practice profile
derived from the filing of Mar 16, 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
RAUM per advisor
$432MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
89derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$7.1MderivedHNW RAUM over HNW clients
Average account
$1.8MderivedRAUM over accounts (5.F.2.f)
Discretionary
80%derivedof RAUM
Institutional
8.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.7derivedItem 5.A over advisors
Advisors per office
1.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+4.9%derivedbetween the last two annual amendments
Advisor growth, one year
-50%derivedItem 5.B.3 between annual amendments
Client growth, one year
-1.1%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 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)
  • has custody of client securities (9.A.1.b)
  • 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$1.1B87%
  • Charitable organizations$95.5M7.4%
  • Individuals$68.3M5.3%
  • Pension and profit-sharing plans$9.1M0.7%
Individual clients
111reported
HNW clients
157reported
Pension plan clients
n/areported
Charitable clients
10reported
Accounts
707reported
Financial planning clients
26-50reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.91 fund_share=0.0 institutional_share=0.08 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
G••• S••••• H•••Chartered Financial AnalystWest Conshohocken, PaApr 17, 201831 y3
J•••• V•• D••• Q••••••West Conshohocken, PaJan 20, 202126 y2
D•••• C••••••••• P••••••West Conshohocken, PaMar 20, 202617 y1
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • G••••••• S••••• B•••• · Chief Executive Officercontrol
    since 01/2023 · owns 10% to 25%
  • H•••••• P••••• H••••••••• · Chairman Of Board Of Managerscontrol
    since 05/1999 · owns 10% to 25%
  • M•••••• C••••••••• M••••••• · Chief Compliance Officercontrol
    since 01/2024 · owns less than 5%
Entity owners
  • B•••••• M••••••••• L•• · Sole Member
    direct · owns 75% or more
  • W• P••• H•••••• J•• A•• I•• H• H••••• T•••• F•••• P•••• H• H••••• · Majority Interest Holder
    indirect · owns 25% to 50% of B•••••• Management LLC
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
West Conshohocken, Pa · principal310
Offices
Schedule D 1.F, the 25 largest
  • West Chester, PA2 employees
  • West Chester, PA1 employees
What changed
consecutive filings, newest first
  • Accounts · 685 to 707
    Apr 10, 2025 to Mar 16, 2026
  • Advisory employees · 8 to 11
    Apr 10, 2025 to Mar 16, 2026
  • Charity clients · 5 to 10
    Apr 10, 2025 to Mar 16, 2026
  • HNW clients · 165 to 157
    Apr 10, 2025 to Mar 16, 2026
  • Individual clients · 106 to 111
    Apr 10, 2025 to Mar 16, 2026
  • Assets in custody · unset to 1220785618.0
    Apr 10, 2025 to Mar 16, 2026
  • Employees · 12 to 14
    Apr 10, 2025 to Mar 16, 2026
  • Financial planning clients · 1-10 to 26-50
    Apr 10, 2025 to Mar 16, 2026
  • State-registered IARs · 2 to 1
    Apr 10, 2025 to Mar 16, 2026
  • Discretionary RAUM · $937M to $1.0B
    Apr 10, 2025 to Mar 16, 2026
  • HNW RAUM · $1.1B to $1.1B
    Apr 10, 2025 to Mar 16, 2026
  • Individual RAUM · $42.2M to $68.3M
    Apr 10, 2025 to Mar 16, 2026
  • Non-discretionary RAUM · $297M to $259M
    Apr 10, 2025 to Mar 16, 2026
  • Pension RAUM · $8.0M to $9.1M
    Apr 10, 2025 to Mar 16, 2026
  • RAUM · $1.2B to $1.3B
    Apr 10, 2025 to Mar 16, 2026
  • Accounts · 745 to 685
    Mar 14, 2024 to Apr 10, 2025
  • Advisory employees · 9 to 8
    Mar 14, 2024 to Apr 10, 2025
  • Charity clients · 8 to 5
    Mar 14, 2024 to Apr 10, 2025
  • HNW clients · 46 to 165
    Mar 14, 2024 to Apr 10, 2025
  • Individual clients · 222 to 106
    Mar 14, 2024 to Apr 10, 2025
  • Employees · 16 to 12
    Mar 14, 2024 to Apr 10, 2025
  • Financial planning clients · 1-10 to 1-10
    Mar 14, 2024 to Apr 10, 2025
  • State-registered IARs · 0 to 2
    Mar 14, 2024 to Apr 10, 2025
  • Other offices · 2 to 1
    Mar 14, 2024 to Apr 10, 2025
  • Discretionary RAUM · $833M to $937M
    Mar 14, 2024 to Apr 10, 2025
  • HNW RAUM · $731M to $1.1B
    Mar 14, 2024 to Apr 10, 2025
  • Individual RAUM · $268M to $42.2M
    Mar 14, 2024 to Apr 10, 2025
  • Non-discretionary RAUM · $255M to $297M
    Mar 14, 2024 to Apr 10, 2025
  • Pension RAUM · unset to 7990157.0
    Mar 14, 2024 to Apr 10, 2025
  • RAUM · $1.1B to $1.2B
    Mar 14, 2024 to Apr 10, 2025
  • Accounts · 921 to 745
    Mar 17, 2023 to Mar 14, 2024
  • Advisory employees · 8 to 9
    Mar 17, 2023 to Mar 14, 2024
  • HNW clients · 47 to 46
    Mar 17, 2023 to Mar 14, 2024
  • Individual clients · 1,264 to 222
    Mar 17, 2023 to Mar 14, 2024
  • Employees · 12 to 16
    Mar 17, 2023 to Mar 14, 2024
  • State-registered IARs · 4 to 0
    Mar 17, 2023 to Mar 14, 2024
  • Discretionary RAUM · $686M to $833M
    Mar 17, 2023 to Mar 14, 2024
  • HNW RAUM · $647M to $731M
    Mar 17, 2023 to Mar 14, 2024
  • Individual RAUM · $302M to $268M
    Mar 17, 2023 to Mar 14, 2024
  • Non-discretionary RAUM · $342M to $255M
    Mar 17, 2023 to Mar 14, 2024
Signals
4 dated events
  • Michelle Christina Mccloy (Chief Compliance Officer) appeared on Schedule A of B•••••• I••••••••• M••••••••• L••
    Mar 14, 2024 · Control person joined · fact
  • Berry Susan Gorelli (Chief Executive Officer) appeared on Schedule A of B•••••• I••••••••• M••••••••• L••
    Mar 17, 2023 · Control person joined · fact
  • B•••••• I••••••••• M••••••••• L•• reported RAUM $1.0B, up 26% from $801.3M (2021-01-20 to 2021-03-05)
    Mar 5, 2021 · RAUM change · derived
  • B•••••• I••••••••• M••••••••• L•• reported RAUM $674.8M, up 107% from $325.3M (2017-03-16 to 2018-03-27)
    Mar 27, 2018 · RAUM change · derived
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
Business email
info@baldwinmgt.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
fishkillinfo@baldwinmgt.comreportedpublished by the firm, firm site, Sep 15, 2026
Business phone
610-696-3689reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
845-897-9650reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
610-260-1555reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/baldwin-investment-managementreportedpublic record, Form ADV, Sep 18, 2026
Website
baldwinmgt.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
610-260-1555reportedpublic record, Form ADV, Mar 16, 2026
Team page
baldwinmgt.com/meet-our-teamreportedpublished by the firm, firm site, Sep 15, 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
$432Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026