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
Trillium Asset Management
Legal name Trillium Asset Management, LLC
Latest filing Sep 3, 2026
First filing on the tape Mar 23, 2012 · 35 filings
SEC status approved since Dec 3, 1982
RAUM
$4.3B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
53%
$2.3B individuals and HNW
Advisors
12
registered through the firm on IAPD
RAUM per advisor
$359M
derived; firm RAUM over IAPD count
Employees
53
38 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
35 filings and snapshots on the tape
RAUM$4.3B as of Jul 24, 2026
Mar 23, 2012$971M then
HNW client RAUM$761M as of Jul 24, 2026
Mar 26, 2018$463M then
State-registered IARs (5.B.3)11 as of Jul 24, 2026
Mar 27, 20130 then
Employees (5.A)53 as of Jul 24, 2026
Mar 27, 201332 then
Private funds1 as of Jul 24, 2026
Mar 30, 20201 then
RAUM -14% over the last fiscal year-1.3% a year over threeIARs 11 to 11
Practice profile
derived from the filing of Sep 3, 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
- Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
- RAUM per advisor
- $359MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 144derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.3MderivedHNW RAUM over HNW clients
- Average account
- $2.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 20%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 4.4derivedItem 5.A over advisors
- Advisors per office
- 6.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -14%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -4.7%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, selection of other advisers, publications, educational seminarsreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Custody
- $488M, 165 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)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$1.5B36%
- Charitable organizations$825M19%
- Investment companies$790M18%
- High-net-worth individuals$761M18%
- Pooled investment vehicles$201M4.7%
- Corporations and businesses$164M3.8%
- Pension and profit-sharing plans$31.7M0.7%
- Individual clients
- 1,131reported
- HNW clients
- 600reported
- Pension plan clients
- 7reported
- Charitable clients
- 222reported
- Accounts
- 2,043reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $0 sponsored, $809M managedreported
- Custody of client assets
- $488M for 165 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.53 fund_share=0.23 institutional_share=0.2 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
12 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Cheryl Irene SmithChartered Financial Analyst | Boston, Ma | Dec 25, 1997 | 28 y | 0 |
| Alexander JovanovicCertified Financial Planner | Boston, Ma | May 8, 2015 | 15 y | 0 |
| Jodi Neuman Angelo | Boston, Ma | Mar 23, 2018 | 12 y | 0 |
| Sada Marie Geuss | Boston, Ma | Apr 1, 2019 | 24 y | 0 |
| Lisa Dorene Mackinnon | Boston, Ma | Nov 13, 2021 | 33 y | 0 |
| Tobi Anne MasonChartered Financial Analyst | San Francisco, Ca | Mar 18, 2022 | 11 y | 2 |
| Nakia A Maddox-Eubanks | Boston, Ma | Apr 14, 2022 | 14 y | 1 |
| Stephanie Maria Pascual | Boston, Ma | May 31, 2022 | 11 y | 0 |
| Matthew William PatskyChartered Financial Analyst | Boston, Ma | May 31, 2023 | 42 y | 0 |
| Mitali N/A PrasadChartered Financial Analyst | Boston, Ma | Feb 15, 2024 | 10 y | 0 |
| Kathleen M BochmanChartered Financial Analyst | Boston, Ma | Nov 22, 2024 | 19 y | 0 |
| Raven Montana Brockriede | Boston, Ma | Jul 21, 2026 | 13 y | 2 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Blaine Carroll Townsend to Nelson Capital ManagementMay 13, 2015 · Other
- Frank Farnum Brown to Baldwin Wealth Partners, LLCAug 22, 2013 · Other
- Eric Michael Becker to Clean Yield Asset ManagementNov 3, 2009 · Other
Joined, latest
- Raven Montana Brockriede from Morgan StanleyJul 21, 2026 · Wirehouse to independent RIA
- Nakia A Maddox-Eubanks from Bainco International Investors LLCApr 14, 2022 · RIA to RIA
- Tobi Anne Mason from Rosenblum Silverman Sutton Sf IncMar 18, 2022 · RIA to RIA
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Trillium Impact Partners Fund I, LP | Private Equity Fund | $20.5M | 65 | May 16, 2019 |
Owners and control persons
Schedule A and B, latest filing
- Inter Nancy Denney · Chief Compliance Officercontrolsince 10/2014 · owns less than 5%
- Marie Sada Geuss · Managing Director - Private Clientcontrolsince 07/2026 · owns less than 5%
- Alexander Jovanovic · Ceocontrolsince 07/2026 · owns less than 5%
- Jay Allan Lo Proto · Directorcontrolsince 11/2023 · owns less than 5%
- Alison Simone Mosse · Directorcontrolsince 06/2020 · owns less than 5%
- William Matthew Patsky · Directorcontrolsince 07/2026 · owns less than 5%
- Salvatore John Quealy · Chief Investment Officercontrolsince 02/2018 · owns less than 5%
- Irene Cheryl Smith · Directorcontrolsince 11/2023 · owns less than 5%
- Raymond Wiley · Controllercontrolsince 12/2023 · owns less than 5%
- Alexis Whitney Zelee · Chief Operations Officer Officercontrolsince 12/2023 · owns less than 5%
Entity owners
- Perpetual US Holding Company Inc · Ownerdirect · owns 75% or more
- Perpetual Acquisition Company Limited · Ownerindirect · owns 75% or more of Perpetual US Holding Company Inc
- Perpetual Limited · Ownerindirect · owns 75% or more of Perpetual Acquisition Company Limited
Related persons
Schedule D 7.A
- Barrow Hanley Global Investorsinvestment advisernRAUM $59B
- Johcm (USA) Incinvestment advisernRAUM $9.0B
- Perpetual Investment Management Limitedinvestment advisern
- Pgiainvestment advisern
- Thompson Siegel & Walmsley LLCinvestment adviserpooled vehicle sponsornRAUM $21B
- Trillium Asset Management Uk Ltdinvestment advisern
- Trillium Impact Gp, LLCpooled vehicle sponsory
Advisers that list Trillium Asset Management as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Boston, Ma · principal | 12 | 1 | 0 | ||
| San Francisco, Ca | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- San Francisco, CA6 employees
ADV anomalies
6 against comparable advisers; where to look, not conclusions
- high employee count relative to advisorsStatic outlier · filing Sep 3, 2026employees per registered advisor of 4.4 against a peer median of 1.5 (1100 comparable advisers, 99.0th percentile, 6.0 robust deviations)peers: independent wealth managers, $1B to $5B (1,100) · 99% percentile
- control person changedChange between filings · filing Sep 3, 2026GEUSS, SADA, MARIE (MANAGING DIRECTOR - PRIVATE CLIENT) appeared on Schedule A between the filings of 2023-12-11 and 2026-09-03peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Sep 3, 2026DENNEY, NANCY, INTER (CHIEF COMPLIANCE OFFICER) left Schedule A between the filings of 2023-12-11 and 2026-09-03peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Sep 3, 2026QUEALY, JOHN, SALVATORE (CHIEF INVESTMENT OFFICER) left Schedule A between the filings of 2023-12-11 and 2026-09-03peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Sep 3, 2026Mosse, Simone, Alison (DIRECTOR) left Schedule A between the filings of 2023-12-11 and 2026-09-03peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Sep 3, 2026WILEY, RAYMOND (CONTROLLER) left Schedule A between the filings of 2023-12-11 and 2026-09-03peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
- Financial planning clients · 0 to 0Jul 24, 2026 to Sep 3, 2026
- Private funds · 1 to unsetJul 24, 2026 to Sep 3, 2026
- Succession · false to unsetJul 24, 2026 to Sep 3, 2026
- Accounts · 2,149 to 2,043May 12, 2025 to Mar 27, 2026
- Charity clients · 231 to 222May 12, 2025 to Mar 27, 2026
- Corporate clients · 56 to 48May 12, 2025 to Mar 27, 2026
- HNW clients · 635 to 600May 12, 2025 to Mar 27, 2026
- Individual clients · 1,182 to 1,131May 12, 2025 to Mar 27, 2026
- Pooled vehicle clients · 34 to 33May 12, 2025 to Mar 27, 2026
- Assets in custody · $534M to $488MMay 12, 2025 to Mar 27, 2026
- Employees · 50 to 53May 12, 2025 to Mar 27, 2026
- Discretionary RAUM · $5.0B to $4.3BMay 12, 2025 to Mar 27, 2026
- HNW RAUM · $756M to $761MMay 12, 2025 to Mar 27, 2026
- Individual RAUM · $1.5B to $1.5BMay 12, 2025 to Mar 27, 2026
- Pension RAUM · $29.0M to $31.7MMay 12, 2025 to Mar 27, 2026
- Pooled vehicle RAUM · $252M to $201MMay 12, 2025 to Mar 27, 2026
- RAUM · $5.0B to $4.3BMay 12, 2025 to Mar 27, 2026
- Wrap assets (manager) · $806M to $809MMay 12, 2025 to Mar 27, 2026
- Financial planning clients · 0 to 0Mar 28, 2025 to May 12, 2025
- Accounts · 2,207 to 2,149Jan 23, 2025 to Mar 28, 2025
- Advisory employees · 46 to 38Jan 23, 2025 to Mar 28, 2025
- Charity clients · 247 to 231Jan 23, 2025 to Mar 28, 2025
- Corporate clients · 61 to 56Jan 23, 2025 to Mar 28, 2025
- HNW clients · 649 to 635Jan 23, 2025 to Mar 28, 2025
- Individual clients · 1,207 to 1,182Jan 23, 2025 to Mar 28, 2025
- Pension plan clients · 6 to 7Jan 23, 2025 to Mar 28, 2025
- Pooled vehicle clients · 33 to 34Jan 23, 2025 to Mar 28, 2025
- Assets in custody · $477M to $534MJan 23, 2025 to Mar 28, 2025
- Employees · 54 to 50Jan 23, 2025 to Mar 28, 2025
- State-registered IARs · 14 to 11Jan 23, 2025 to Mar 28, 2025
- Discretionary RAUM · $5.0B to $5.0BJan 23, 2025 to Mar 28, 2025
- HNW RAUM · $699M to $756MJan 23, 2025 to Mar 28, 2025
- Individual RAUM · $1.6B to $1.5BJan 23, 2025 to Mar 28, 2025
- Non-discretionary RAUM · $8.1M to $0Jan 23, 2025 to Mar 28, 2025
- Pension RAUM · $26.1M to $29.0MJan 23, 2025 to Mar 28, 2025
- Pooled vehicle RAUM · $279M to $252MJan 23, 2025 to Mar 28, 2025
- RAUM · $5.0B to $5.0BJan 23, 2025 to Mar 28, 2025
- Wrap assets (manager) · $759M to $806MJan 23, 2025 to Mar 28, 2025
- Accounts · 2,155 to 2,207Dec 11, 2023 to Mar 28, 2024
- Charity clients · 260 to 247Dec 11, 2023 to Mar 28, 2024
Signals
9 dated events
- Michelle Mcdonough (Chief Operating Officer) no longer on Schedule A of Trillium Asset Management (listed 2023-11-14, absent 2023-12-11)Dec 11, 2023 · Control person left · inference
- Alexander Jovanovic (Head Of Private Client) appeared on Schedule A of Trillium Asset ManagementDec 11, 2023 · Control person joined · fact
- Whitney Zelee (Chief Administrative Officer) appeared on Schedule A of Trillium Asset ManagementDec 11, 2023 · Control person joined · fact
- Raymond Wiley (Controller) appeared on Schedule A of Trillium Asset ManagementDec 11, 2023 · Control person joined · fact
- Irene Cheryl Smith (Director) appeared on Schedule A of Trillium Asset ManagementNov 14, 2023 · Control person joined · fact
- Jay Alan Lo Proto (Director) appeared on Schedule A of Trillium Asset ManagementNov 14, 2023 · Control person joined · fact
- Trillium Asset Management reported RAUM $5.7B, up 40% from $4.1B (2021-03-29 to 2022-03-30)Mar 30, 2022 · RAUM change · derived
- Irene Cheryl Smith (Managing Partner) no longer on Schedule A of Trillium Asset Management (listed 2020-06-29, absent 2020-07-29)Jul 29, 2020 · Control person left · inference
- Trillium Asset Management reported RAUM $3.3B, up 31% from $2.5B (2020-01-16 to 2020-03-30)Mar 30, 2020 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- Trillium Asset Management · Independent Sponsorsshared crd · capital_provider
- Trillium Asset Management · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/trillium-asset-managementreportedpublic record, Form ADV, Sep 17, 2026
- Website
- trilliumassetmanagement.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 617-423-6655reportedpublic record, Form ADV, Sep 3, 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
- $359Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026