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.

Former SEC-registered adviser

Windhaven Investment Management, Inc.

Former SEC-registered adviserBoston, MassachusettsCRD 155138SEC 801-71836IAPD
Latest filing Feb 15, 2018
First filing on the tape Nov 28, 2011 · 22 filings
RAUM
$8.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
51
22 advisory (5.B.1)
Offices
6
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$9.0B as of Mar 31, 2017
Mar 30, 2012$8.6B then
HNW client RAUM: no history
State-registered IARs (5.B.3)28 as of Mar 31, 2017
Mar 30, 20120 then
Employees (5.A)51 as of Mar 31, 2017
Apr 1, 201360 then
Private funds: no history
RAUM -32% over the last fiscal year-24% a year over threeIARs 33 to 28
Practice profile
derived from the filing of Feb 15, 2018; every figure names its basis
RAUM per advisor
$289MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$319,316derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.8derivedItem 5.A over advisors
Advisors per office
4.0derived7 offices incl. principal (1.F.5)
RAUM growth, one year
-25%derivedbetween the last two annual amendments
Advisor growth, one year
-15%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$67.8M, 113 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)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • a related person acts as qualified custodian (9.D.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
25,350reported
Financial planning clients
n/areported
Wrap fee programs
$0 sponsored, $6.8B managedreported
Custody of client assets
$67.8M for 113 clientsreported
Compensation
% of AUMreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Marie-Laure Marlene Bates · Chief Financial Officer And Directorcontrol
      since 12/2015 · owns less than 5%
    • Alyssa Duffy · Chief Legal Counselcontrol
      since 07/2013 · owns less than 5%
    • Edward Michael Gillespie · Vice President And Chief Compliance Officercontrol
      since 03/2012 · owns less than 5%
    • Larry Bryan Olson · Senior Vice President And Directorcontrol
      since 08/2010 · owns less than 5%
    • A Richard Wurster · Chief Executive Officercontrol
      since 07/2016 · owns less than 5%
    • F William Quinn · Treasurer And Director
      since 08/2010 · owns less than 5%
    Entity owners
    • Schwab Holdings, Inc. · 100% Owner
      direct · owns 75% or more
    • The Charles Schwab Corporation · Shareholder
      indirect · owns 75% or more of Schwab Holdings, Inc. · public reporting company
    Related persons
    Schedule D 7.A
    Advisers that list Windhaven Investment Management, Inc. as a related person
    Offices
    Schedule D 1.F, the 25 largest
    • San Francisco, CA3 employees
    • Austin, TX1 employees
    • Chicago, IL1 employees
    • Orlando, FL1 employees
    • Phoenix, AZ1 employees
    • , 1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 31,625 to 25,350
      Jul 18, 2017 to Feb 15, 2018
    • Other offices · unset to 6.0
      Jul 18, 2017 to Feb 15, 2018
    • Discretionary RAUM · $9.0B to $8.1B
      Jul 18, 2017 to Feb 15, 2018
    • RAUM · $9.0B to $8.1B
      Jul 18, 2017 to Feb 15, 2018
    • Wrap assets (manager) · unset to 6807105020.0
      Jul 18, 2017 to Feb 15, 2018
    • Wrap assets (sponsor) · unset to 0.0
      Jul 18, 2017 to Feb 15, 2018
    • Accounts · 41,966 to 31,625
      Jul 1, 2016 to Mar 31, 2017
    • Advisory employees · 25 to 22
      Jul 1, 2016 to Mar 31, 2017
    • Assets in custody · $128M to $67.8M
      Jul 1, 2016 to Mar 31, 2017
    • Employees · 55 to 51
      Jul 1, 2016 to Mar 31, 2017
    • Insurance-licensed employees · 0 to 5
      Jul 1, 2016 to Mar 31, 2017
    • State-registered IARs · 33 to 28
      Jul 1, 2016 to Mar 31, 2017
    • Discretionary RAUM · $12B to $9.0B
      Jul 1, 2016 to Mar 31, 2017
    • RAUM · $12B to $9.0B
      Jul 1, 2016 to Mar 31, 2017
    • Accounts · 52,879 to 41,966
      Mar 31, 2015 to Mar 29, 2016
    • Advisory employees · 26 to 25
      Mar 31, 2015 to Mar 29, 2016
    • Assets in custody · $162M to $128M
      Mar 31, 2015 to Mar 29, 2016
    • Employees · 57 to 55
      Mar 31, 2015 to Mar 29, 2016
    • State-registered IARs · 37 to 33
      Mar 31, 2015 to Mar 29, 2016
    • Discretionary RAUM · $16B to $12B
      Mar 31, 2015 to Mar 29, 2016
    • RAUM · $16B to $12B
      Mar 31, 2015 to Mar 29, 2016
    • Accounts · 55,628 to 52,879
      Jan 2, 2015 to Mar 31, 2015
    • Assets in custody · $145M to $162M
      Jan 2, 2015 to Mar 31, 2015
    • Employees · 59 to 57
      Jan 2, 2015 to Mar 31, 2015
    • State-registered IARs · 43 to 37
      Jan 2, 2015 to Mar 31, 2015
    • Discretionary RAUM · $19B to $16B
      Jan 2, 2015 to Mar 31, 2015
    • RAUM · $19B to $16B
      Jan 2, 2015 to Mar 31, 2015
    • Accounts · 43,731 to 55,628
      Apr 1, 2013 to Mar 31, 2014
    • Assets in custody · $0 to $145M
      Apr 1, 2013 to Mar 31, 2014
    • Employees · 60 to 59
      Apr 1, 2013 to Mar 31, 2014
    • State-registered IARs · 44 to 43
      Apr 1, 2013 to Mar 31, 2014
    • Discretionary RAUM · $14B to $19B
      Apr 1, 2013 to Mar 31, 2014
    • RAUM · $14B to $19B
      Apr 1, 2013 to Mar 31, 2014
    • Accounts · 25,421 to 43,731
      Feb 7, 2013 to Apr 1, 2013
    • Advisory employees · 24 to 26
      Feb 7, 2013 to Apr 1, 2013
    • Employees · 51 to 60
      Feb 7, 2013 to Apr 1, 2013
    • State-registered IARs · 43 to 44
      Feb 7, 2013 to Apr 1, 2013
    • Discretionary RAUM · $8.6B to $14B
      Feb 7, 2013 to Apr 1, 2013
    • RAUM · $8.6B to $14B
      Feb 7, 2013 to Apr 1, 2013
    • Advisory employees · unset to 24.0
      Aug 3, 2012 to Jan 29, 2013
    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.
    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
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026