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

Mason Wells, Inc.

Asset manager (funds and pooled vehicles)Milwaukee, WisconsinCRD 173069SEC 801-80473websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Oct 8, 2014 · 15 filings
SEC status approved since Oct 28, 2014
RAUM
$1.4B
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
22
20 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$1.4B as of Mar 30, 2026
Mar 31, 2015$1.0B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 31, 20150 then
Employees (5.A)22 as of Mar 30, 2026
Mar 31, 201513 then
Private funds4 as of Mar 30, 2026
Mar 31, 20152 then
RAUM -26% over the last fiscal year-9.8% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM 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
$355MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-26%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$1.4B, 4 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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.4B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$1.4B for 4 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
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
none on the tape
    Joined, latest
    none on the tape
      Private funds
      7 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Mason Wells Buyout Fund IV, LPPrivate Equity Fund$1.3B52Nov 16, 2015
      Mason Wells Buyout Fund V, LPPrivate Equity Fund$686M101Aug 25, 2020
      Mw Buyout Executive Fund IV, LLCPrivate Equity Fund$62.7M69Mar 21, 2016
      Mw Buyout Executive Fund V, LLCPrivate Equity Fund$35.5M87Aug 25, 2020
      Mason Wells Buyout Fund III, LPPrivate Equity Fund$24.4M32Feb 14, 2012
      Mw Buyout Executive Fund III, LLCPrivate Equity Fund$1.7M63Oct 8, 2014
      Mw Buyout Executive Fund II, LLCno longer reportedPrivate Equity Fund$486,78232Oct 8, 2014
      Owners and control persons
      Schedule A and B, latest filing
      • Gordon Thomas Smith · Chairman, President, And Chief Executive Officercontrol
        since 01/2016 · owns 50% to 75%
      • S James Domach · Vice President, Chief Financial Officer, Chief Compliance Officer And Assistant Secretary
        since 12/2001 · owns 5% to 10%
      • Deborah Figueroa · Corporate Secretary
        since 12/2017 · owns less than 5%
      • Lincoln Benjamin Holbrook · Vice President
        since 12/2019 · owns 5% to 10%
      • P Kevin Kenealey · Vice President
        since 12/2001 · owns 10% to 25%
      • J Jay Radtke · Vice President
        since 12/2019 · owns 5% to 10%
      Related persons
      Schedule D 7.A
      No related person reported.
      Advisers that list Mason Wells, Inc. as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 25 %Change between filings · filing Mar 30, 2026
        RAUM (Item 5.F) moved from $1,927,528,342 to $1,420,286,011 (-26.0%) between the annual amendments of 2025-03-25 and 2026-03-30; the peer median change was +11.0% (1368 comparable advisers, 4.0th percentile of changes)
        peers: asset managers, $1B to $5B (1,368) · 4.2% percentile
      What changed
      consecutive filings, newest first
      • Advisory employees · 19 to 20
        Mar 25, 2025 to Mar 30, 2026
      • Assets in custody · $1.9B to $1.4B
        Mar 25, 2025 to Mar 30, 2026
      • Employees · 21 to 22
        Mar 25, 2025 to Mar 30, 2026
      • Discretionary RAUM · $1.9B to $1.4B
        Mar 25, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $1.9B to $1.4B
        Mar 25, 2025 to Mar 30, 2026
      • RAUM · $1.9B to $1.4B
        Mar 25, 2025 to Mar 30, 2026
      • Accounts · 6 to 4
        Mar 25, 2024 to Mar 25, 2025
      • Advisory employees · 20 to 19
        Mar 25, 2024 to Mar 25, 2025
      • Pooled vehicle clients · 6 to 4
        Mar 25, 2024 to Mar 25, 2025
      • Assets in custody · $1.9B to $1.9B
        Mar 25, 2024 to Mar 25, 2025
      • Employees · 22 to 21
        Mar 25, 2024 to Mar 25, 2025
      • Financial planning clients · unset to
        Mar 25, 2024 to Mar 25, 2025
      • Private funds · 6 to 4
        Mar 25, 2024 to Mar 25, 2025
      • Discretionary RAUM · $2.1B to $1.9B
        Mar 25, 2024 to Mar 25, 2025
      • Pooled vehicle RAUM · $2.1B to $1.9B
        Mar 25, 2024 to Mar 25, 2025
      • RAUM · $2.1B to $1.9B
        Mar 25, 2024 to Mar 25, 2025
      • Advisory employees · 18 to 20
        Mar 23, 2023 to Mar 25, 2024
      • Employees · 20 to 22
        Mar 23, 2023 to Mar 25, 2024
      • Discretionary RAUM · $1.9B to $2.1B
        Mar 23, 2023 to Mar 25, 2024
      • Pooled vehicle RAUM · $1.9B to $2.1B
        Mar 23, 2023 to Mar 25, 2024
      • RAUM · $1.9B to $2.1B
        Mar 23, 2023 to Mar 25, 2024
      • Assets in custody · $2.0B to $1.9B
        Mar 25, 2022 to Mar 23, 2023
      • Discretionary RAUM · $2.0B to $1.9B
        Mar 25, 2022 to Mar 23, 2023
      • Pooled vehicle RAUM · $2.0B to $1.9B
        Mar 25, 2022 to Mar 23, 2023
      • RAUM · $2.0B to $1.9B
        Mar 25, 2022 to Mar 23, 2023
      • Advisory employees · 17 to 18
        Mar 23, 2021 to Mar 25, 2022
      • Assets in custody · $2.0B to $2.0B
        Mar 23, 2021 to Mar 25, 2022
      • Employees · 19 to 20
        Mar 23, 2021 to Mar 25, 2022
      • Discretionary RAUM · $2.0B to $2.0B
        Mar 23, 2021 to Mar 25, 2022
      • Pooled vehicle RAUM · $2.0B to $2.0B
        Mar 23, 2021 to Mar 25, 2022
      • RAUM · $2.0B to $2.0B
        Mar 23, 2021 to Mar 25, 2022
      • Assets in custody · $826M to $2.0B
        Aug 25, 2020 to Mar 23, 2021
      • Discretionary RAUM · $826M to $2.0B
        Aug 25, 2020 to Mar 23, 2021
      • Pooled vehicle RAUM · $826M to $2.0B
        Aug 25, 2020 to Mar 23, 2021
      • RAUM · $826M to $2.0B
        Aug 25, 2020 to Mar 23, 2021
      • Private funds · 4 to 6
        Apr 29, 2020 to Aug 25, 2020
      • Advisory employees · 16 to 17
        Mar 24, 2020 to Apr 29, 2020
      • Employees · 18 to 19
        Mar 24, 2020 to Apr 29, 2020
      • Private funds · 3 to 4
        Mar 24, 2020 to Apr 29, 2020
      • Related adviser · true to false
        Mar 24, 2020 to Apr 29, 2020
      Signals
      4 dated events
      • Mason Wells, Inc. reported RAUM $1.4B, down 26% from $1.9B (2025-03-25 to 2026-03-30)
        Mar 30, 2026 · RAUM change · derived
      • Mason Wells, Inc. reported RAUM $2.0B, up 146% from $825.6M (2020-08-25 to 2021-03-23)
        Mar 23, 2021 · RAUM change · derived
      • Mason Wells, Inc. reported RAUM $825.6M, down 28% from $1.1B (2019-03-25 to 2020-03-24)
        Mar 24, 2020 · RAUM change · derived
      • Mason Wells, Inc. filed its initial SEC registration (Form ADV)
        Oct 8, 2014 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/mason-wells-increportedpublic record, Form ADV, Sep 18, 2026
      Website
      MASONWELLS.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      414-727-6400reportedpublic 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
      Asset manager (funds and pooled vehicles)deriveda 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