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•••••••• I••••••••• C•••••••••

Independent wealth managerMcminnville, OregonCRD 133009SEC 801-64965websiteIAPD
Latest filing Mar 18, 2026
First filing on the tape Mar 15, 2012 · 21 filings
SEC status approved since Nov 29, 2005
RAUM
$543M
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
91%
$493M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$109M
derived; firm RAUM over IAPD count
Employees
7
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$543M as of Mar 18, 2026
Mar 15, 2012$93.1M then
HNW client RAUM$286M as of Mar 18, 2026
Feb 1, 2018$58.2M then
State-registered IARs (5.B.3)5 as of Mar 18, 2026
Feb 15, 20132 then
Employees (5.A)7 as of Mar 18, 2026
Feb 15, 20135 then
Private funds: no history
RAUM +16% over the last fiscal year+19% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 18, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
RAUM per advisor
$109MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
118derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.5MderivedHNW RAUM over HNW clients
Average account
$351,668derivedRAUM over accounts (5.F.2.f)
Discretionary
96%derivedof RAUM
Institutional
6.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.4derivedItem 5.A over advisors
Advisors per office
5.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+16%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+14%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$286M53%
  • Individuals$207M38%
  • Charitable organizations$36.1M6.6%
  • Corporations and businesses$13.1M2.4%
  • Pension and profit-sharing plans$477,0000.1%
Individual clients
403reported
HNW clients
185reported
Pension plan clients
n/areported
Charitable clients
42reported
Accounts
1,544reported
Financial planning clients
0reported
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=0.07 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
T••••• J•••• S•••••••Mcminnville, OrJan 3, 201215 y1
K•••• W••••• C•••••••Mcminnville, OrFeb 10, 201412 y0
M•••••• J•••• D••••••Mcminnville, OrApr 21, 202215 y0
J•••• M••••• S•••••Mcminnville, OrOct 7, 202224 y0
J•••••• L••• C•••••Mcminnville, OrMar 31, 202513 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
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • C•••••••• K••••• W••••• · Managing Partner & Presidentcontrol
    since 01/2018 · owns 25% to 50%
  • C•••••••• S••••• W••••• · Founding Partnercontrol
    since 07/2004 · owns 10% to 25%
  • S•••••••• T•••••• J•••• · Managing Partner & Chief Compliance Officercontrol
    since 01/2018 · owns 25% to 50%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Mcminnville, Or · principal500
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • affiliate changedChange between filings · filing Mar 18, 2026
    insurance affiliate (Item 7.A.10): no on the filing of 2025-02-03, yes on the filing of 2026-03-18
    peers: independent wealth managers, $500M to $1B (1,482)
What changed
consecutive filings, newest first
  • Accounts · 1,437 to 1,544
    Feb 3, 2025 to Mar 18, 2026
  • Charity clients · 38 to 42
    Feb 3, 2025 to Mar 18, 2026
  • Corporate clients · 18 to 19
    Feb 3, 2025 to Mar 18, 2026
  • HNW clients · 172 to 185
    Feb 3, 2025 to Mar 18, 2026
  • Individual clients · 342 to 403
    Feb 3, 2025 to Mar 18, 2026
  • Employees · 5 to 7
    Feb 3, 2025 to Mar 18, 2026
  • Discretionary RAUM · $448M to $524M
    Feb 3, 2025 to Mar 18, 2026
  • HNW RAUM · $242M to $286M
    Feb 3, 2025 to Mar 18, 2026
  • Individual RAUM · $176M to $207M
    Feb 3, 2025 to Mar 18, 2026
  • Non-discretionary RAUM · $18.7M to $19.4M
    Feb 3, 2025 to Mar 18, 2026
  • Pension RAUM · $202,000 to $477,000
    Feb 3, 2025 to Mar 18, 2026
  • RAUM · $466M to $543M
    Feb 3, 2025 to Mar 18, 2026
  • Related insurance company · false to true
    Feb 3, 2025 to Mar 18, 2026
  • Accounts · 1,292 to 1,437
    May 7, 2024 to Feb 3, 2025
  • Charity clients · 34 to 38
    May 7, 2024 to Feb 3, 2025
  • Corporate clients · 20 to 18
    May 7, 2024 to Feb 3, 2025
  • HNW clients · 167 to 172
    May 7, 2024 to Feb 3, 2025
  • Individual clients · 344 to 342
    May 7, 2024 to Feb 3, 2025
  • Financial planning clients · 0 to 0
    May 7, 2024 to Feb 3, 2025
  • Discretionary RAUM · $378M to $448M
    May 7, 2024 to Feb 3, 2025
  • HNW RAUM · $217M to $242M
    May 7, 2024 to Feb 3, 2025
  • Individual RAUM · $136M to $176M
    May 7, 2024 to Feb 3, 2025
  • Non-discretionary RAUM · $19.1M to $18.7M
    May 7, 2024 to Feb 3, 2025
  • Pension RAUM · unset to 202000.0
    May 7, 2024 to Feb 3, 2025
  • RAUM · $397M to $466M
    May 7, 2024 to Feb 3, 2025
  • Accounts · 1,150 to 1,292
    May 10, 2023 to Jan 31, 2024
  • Charity clients · 29 to 34
    May 10, 2023 to Jan 31, 2024
  • Corporate clients · 7 to 20
    May 10, 2023 to Jan 31, 2024
  • HNW clients · 147 to 167
    May 10, 2023 to Jan 31, 2024
  • Individual clients · 325 to 344
    May 10, 2023 to Jan 31, 2024
  • Employees · 6 to 5
    May 10, 2023 to Jan 31, 2024
  • Discretionary RAUM · $301M to $378M
    May 10, 2023 to Jan 31, 2024
  • HNW RAUM · $177M to $217M
    May 10, 2023 to Jan 31, 2024
  • Individual RAUM · $116M to $136M
    May 10, 2023 to Jan 31, 2024
  • Non-discretionary RAUM · $18.4M to $19.1M
    May 10, 2023 to Jan 31, 2024
  • RAUM · $319M to $397M
    May 10, 2023 to Jan 31, 2024
  • Accounts · 1,029 to 1,150
    Mar 3, 2022 to Feb 23, 2023
  • Advisory employees · 3 to 5
    Mar 3, 2022 to Feb 23, 2023
  • Charity clients · 22 to 29
    Mar 3, 2022 to Feb 23, 2023
  • Corporate clients · 5 to 7
    Mar 3, 2022 to Feb 23, 2023
Signals
No event on the tape.
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 phone
503-565-2100reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
H••••://WWW.LINKEDIN.COM/COMPANY/H••••••••-ICreportedpublic record, Form ADV, Sep 18, 2026
Website
H••••••••-IC.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
503-565-2100reportedpublic record, Form ADV, Mar 18, 2026
Contact form
headwater-ic.com/contact-usreportedpublished 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
$109Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026