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
Michaud Capital Management LLC
Latest filing Mar 30, 2026
First filing on the tape Dec 13, 2011 · 34 filings
SEC status approved since Jan 6, 2012
RAUM
$2.4B
reported, Item 5.F
Discretionary
19%
of RAUM
Private clients
17%
$427M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$611M
derived; firm RAUM over IAPD count
Employees
19
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
34 filings and snapshots on the tape
RAUM$2.4B as of Mar 30, 2026
Mar 28, 2013$153M then
HNW client RAUM$427M as of Mar 30, 2026
Mar 29, 2018$10.4M then
State-registered IARs (5.B.3)4 as of Mar 30, 2026
Mar 28, 20131 then
Employees (5.A)19 as of Mar 30, 2026
Mar 28, 20134 then
Private funds1 as of Mar 30, 2017
Mar 20, 20141 then
RAUM -0.2% over the last fiscal year+10% a year over threeIARs 3 to 4
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
- RAUM per advisor
- $611MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $35.6MderivedHNW RAUM over HNW clients
- Average account
- $24.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 19%derivedof RAUM
- Institutional
- 3.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 4.8derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -0.2%derivedbetween the last two annual amendments
- Advisor growth, one year
- +33%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for pooled vehicles, selection of other advisers, otherreportedItem 5.G
- Custody
- $174M, 7 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
- High-net-worth individuals$427M82%
- Charitable organizations$91.4M18%
- Individual clients
- n/areported
- HNW clients
- 12reported
- Pension plan clients
- n/areported
- Charitable clients
- 2reported
- Accounts
- 101reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $174M for 7 clientsreported
- Compensation
- fixedreported
- Class basis
- private_client_share=0.17 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Joseph William Michaud | Denver, Co | Jan 6, 2012 | 20 y | 2 |
| Erin Valenti BawaChartered Financial Analyst | Denver, Co | Feb 29, 2024 | 18 y | 0 |
| Guangyan QinChartered Financial Analyst | Denver, Co | Feb 29, 2024 | 18 y | 0 |
| Andre MehtaChartered Financial Analyst | Denver, Co | Apr 2, 2026 | 23 y | 0 |
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
- Joseph William Michaud from Prairie Capital Management, LLCJan 6, 2012 · Other
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Woody Creek Investment Limited Partnershipno longer reported | Other Private Fund | $7.1M | 20 | Apr 1, 2013 |
Owners and control persons
Schedule A and B, latest filing
- William Joseph Michaud · Managing Member & Chief Compliance Officercontrolsince 01/2012 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Denver, Co · principal | 4 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 84 to 101Mar 28, 2025 to Mar 30, 2026
- Advisory employees · 5 to 6Mar 28, 2025 to Mar 30, 2026
- Charity clients · 1 to 2Mar 28, 2025 to Mar 30, 2026
- HNW clients · 11 to 12Mar 28, 2025 to Mar 30, 2026
- Assets in custody · $14.7M to $174MMar 28, 2025 to Mar 30, 2026
- Employees · 17 to 19Mar 28, 2025 to Mar 30, 2026
- Financial planning clients · to 1-10Mar 28, 2025 to Mar 30, 2026
- State-registered IARs · 3 to 4Mar 28, 2025 to Mar 30, 2026
- Discretionary RAUM · $439M to $469MMar 28, 2025 to Mar 30, 2026
- HNW RAUM · $505M to $427MMar 28, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $2.0B to $2.0BMar 28, 2025 to Mar 30, 2026
- RAUM · $2.4B to $2.4BMar 28, 2025 to Mar 30, 2026
- Accounts · 65 to 84Apr 4, 2024 to Mar 28, 2025
- HNW clients · 7 to 11Apr 4, 2024 to Mar 28, 2025
- Assets in custody · $220M to $14.7MApr 4, 2024 to Mar 28, 2025
- Employees · 16 to 17Apr 4, 2024 to Mar 28, 2025
- Financial planning clients · unset to Apr 4, 2024 to Mar 28, 2025
- Discretionary RAUM · $354M to $439MApr 4, 2024 to Mar 28, 2025
- HNW RAUM · $244M to $505MApr 4, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $1.7B to $2.0BApr 4, 2024 to Mar 28, 2025
- RAUM · $2.1B to $2.4BApr 4, 2024 to Mar 28, 2025
- Charity clients · unset to 1.0Mar 16, 2023 to Mar 4, 2024
- HNW clients · 10 to 7Mar 16, 2023 to Mar 4, 2024
- Assets in custody · $186M to $220MMar 16, 2023 to Mar 4, 2024
- Employees · 15 to 16Mar 16, 2023 to Mar 4, 2024
- State-registered IARs · 1 to 3Mar 16, 2023 to Mar 4, 2024
- Discretionary RAUM · $229M to $354MMar 16, 2023 to Mar 4, 2024
- HNW RAUM · $1.3B to $244MMar 16, 2023 to Mar 4, 2024
- Non-discretionary RAUM · $1.6B to $1.7BMar 16, 2023 to Mar 4, 2024
- RAUM · $1.8B to $2.1BMar 16, 2023 to Mar 4, 2024
- Accounts · 68 to 65Nov 4, 2022 to Mar 16, 2023
- Advisory employees · 4 to 5Nov 4, 2022 to Mar 16, 2023
- HNW clients · 6 to 10Nov 4, 2022 to Mar 16, 2023
- Assets in custody · $274M to $186MNov 4, 2022 to Mar 16, 2023
- Employees · 11 to 15Nov 4, 2022 to Mar 16, 2023
- Discretionary RAUM · $236M to $229MNov 4, 2022 to Mar 16, 2023
- HNW RAUM · $201M to $1.3BNov 4, 2022 to Mar 16, 2023
- Non-discretionary RAUM · $1.4B to $1.6BNov 4, 2022 to Mar 16, 2023
- RAUM · $1.7B to $1.8BNov 4, 2022 to Mar 16, 2023
- Accounts · 48 to 68Mar 22, 2021 to Mar 24, 2022
Signals
No event on the tape.
Across DFX
shared identifiers only, never a name match
- Michaud Capital Management LLC · Family Officesshared crd · office
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/15448710reportedpublic record, Form ADV, Sep 17, 2026
- Website
- MICHAUDCAPITAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 303-962-5345reportedpublic 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
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $611Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026