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
Winter & Associates, Inc.
Latest filing Aug 18, 2026
First filing on the tape Jan 3, 2022 · 17 filings
SEC status approved since Feb 2, 2022
RAUM
$180M
reported, Item 5.F
Discretionary
93%
of RAUM
Private clients
93%
$167M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$44.9M
derived; firm RAUM over IAPD count
Employees
5
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$180M as of Aug 18, 2026
Mar 24, 2022$101M then
HNW client RAUM$111M as of Aug 18, 2026
Mar 24, 2022$59.7M then
State-registered IARs (5.B.3)4 as of Aug 18, 2026
Mar 24, 20223 then
Employees (5.A)5 as of Aug 18, 2026
Mar 24, 20224 then
Private funds: no history
RAUM +22% over the last fiscal year+22% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Aug 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
- 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
- RAUM per advisor
- $44.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 51derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.6MderivedHNW RAUM over HNW clients
- Average account
- $318,114derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 93%derivedof RAUM
- Institutional
- 7.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +22%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +8.0%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 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
- is an insurance broker or agent (6.A.6)
- 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$111M62%
- Individuals$55.8M31%
- Pension and profit-sharing plans$12.7M7.1%
- Individual clients
- 161reported
- HNW clients
- 42reported
- Pension plan clients
- 5reported
- Charitable clients
- n/areported
- Accounts
- 565reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.93 fund_share=0.0 institutional_share=0.07 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 |
|---|---|---|---|---|
| Taylor John Floren | St. Paul, Mn | Jan 4, 2021 | 13 y | 2 |
| Nicole Winter Tietel | St. Paul, Mn | Jan 4, 2021 | 31 y | 2 |
| Shelby Ann Birkeland | St. Paul, Mn | Nov 5, 2024 | 13 y | 0 |
| Jordan Renae Heavens | St. Paul, Mn | Jul 30, 2026 | 10 y | 1 |
Advisor movement
1 left, 1 joined in 12 months
net 0 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 25% of current headcount2 left over 36 months
Left, latest
- Edward John Anderson to Twin Arbor Wealth Management LLCJun 18, 2026 · RIA to a state-registered adviser
- Hailey Marie Melander to Wealth Enhancement Advisory Services, LLCJan 7, 2025 · RIA to affiliated broker-dealer or bank
Joined, latest
- Jordan Renae Heavens from Vermillion Wealth Management Inc.Jul 30, 2026 · RIA to RIA
- Edward John Anderson from United Planners' Financial Services Of America A Limited PartnerMar 12, 2025 · RIA to RIA
- Taylor John Floren from Cri Securities, LLCJan 4, 2021 · Affiliated broker-dealer or bank to independent RIA
- Hailey Marie Melander from Advisornet Wealth PartnersDec 15, 2020 · RIA to RIA
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Cri Securities, LLCJan 6, 2021 · Minneapolis, Mn
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Winter Nicole Tietel · President, Chief Compliance Officer And Investment Advisorcontrolsince 02/2001 · 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 |
|---|---|---|---|---|---|
| St Paul, Mn | 4 | 1 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 528 to 565Oct 24, 2025 to Feb 25, 2026
- HNW clients · 35 to 42Oct 24, 2025 to Feb 25, 2026
- Individual clients · 153 to 161Oct 24, 2025 to Feb 25, 2026
- Financial planning clients · 26-50 to 51-100Oct 24, 2025 to Feb 25, 2026
- Discretionary RAUM · $138M to $167MOct 24, 2025 to Feb 25, 2026
- HNW RAUM · $86.0M to $111MOct 24, 2025 to Feb 25, 2026
- Individual RAUM · $51.8M to $55.8MOct 24, 2025 to Feb 25, 2026
- Non-discretionary RAUM · $9.7M to $12.9MOct 24, 2025 to Feb 25, 2026
- Pension RAUM · $9.6M to $12.7MOct 24, 2025 to Feb 25, 2026
- RAUM · $147M to $180MOct 24, 2025 to Feb 25, 2026
- Wrap assets (manager) · 4770800.0 to unsetOct 24, 2025 to Feb 25, 2026
- Wrap assets (sponsor) · 0.0 to unsetOct 24, 2025 to Feb 25, 2026
- Accounts · 199 to 528Nov 6, 2024 to Apr 24, 2025
- Advisory employees · 3 to 4Nov 6, 2024 to Apr 24, 2025
- Advisory activities · 3 to 4Nov 6, 2024 to Apr 24, 2025
- HNW clients · 24 to 35Nov 6, 2024 to Apr 24, 2025
- Individual clients · 171 to 153Nov 6, 2024 to Apr 24, 2025
- Pension plan clients · 4 to 5Nov 6, 2024 to Apr 24, 2025
- Employees · 4 to 5Nov 6, 2024 to Apr 24, 2025
- Financial planning clients · 26-50 to 26-50Nov 6, 2024 to Apr 24, 2025
- HQ city · SAINT PAUL to ST. PAULNov 6, 2024 to Apr 24, 2025
- State-registered IARs · 3 to 4Nov 6, 2024 to Apr 24, 2025
- Discretionary RAUM · $110M to $138MNov 6, 2024 to Apr 24, 2025
- HNW RAUM · $49.4M to $86.0MNov 6, 2024 to Apr 24, 2025
- Individual RAUM · $60.2M to $51.8MNov 6, 2024 to Apr 24, 2025
- Non-discretionary RAUM · $6.5M to $9.7MNov 6, 2024 to Apr 24, 2025
- Pension RAUM · $6.5M to $9.6MNov 6, 2024 to Apr 24, 2025
- RAUM · $116M to $147MNov 6, 2024 to Apr 24, 2025
- Wrap assets (manager) · $6.3M to $4.8MNov 6, 2024 to Apr 24, 2025
- Wrap assets (manager) · unset to 6289350.0Mar 14, 2024 to Apr 10, 2024
- Wrap assets (sponsor) · unset to 0.0Mar 14, 2024 to Apr 10, 2024
- Accounts · 468 to 199Sep 27, 2023 to Mar 14, 2024
- Advisory activities · 4 to 3Sep 27, 2023 to Mar 14, 2024
- HNW clients · 21 to 24Sep 27, 2023 to Mar 14, 2024
- Individual clients · 167 to 171Sep 27, 2023 to Mar 14, 2024
- Pension plan clients · 3 to 4Sep 27, 2023 to Mar 14, 2024
- Discretionary RAUM · $95.6M to $110MSep 27, 2023 to Mar 14, 2024
- HNW RAUM · $52.8M to $49.4MSep 27, 2023 to Mar 14, 2024
- Individual RAUM · $42.8M to $60.2MSep 27, 2023 to Mar 14, 2024
- Non-discretionary RAUM · $2.7M to $6.5MSep 27, 2023 to Mar 14, 2024
Signals
3 dated events
- Edward John Anderson left Winter & Associates, Inc. for Twin Arbor Wealth Management Llc (registered 2026-06-02)Jun 18, 2026 · Advisor changed firm · fact
- Hailey Marie Melander left Winter & Associates, Inc. for Wealth Enhancement Advisory Services, Llc (registered 2025-01-21)Jan 7, 2025 · Advisor changed firm · fact
- Winter & Associates, Inc. filed its initial SEC registration (Form ADV)Jan 3, 2022 · First SEC registration · fact
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 email
- stephanie@winterassoc.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 651-327-0956reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 651-414-5000reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 651-414-5001reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/winter-&-associates-inc.reportedpublic record, Form ADV, Sep 17, 2026
- Website
- winterassoc.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (651) 414-5000reportedpublic record, Form ADV, Aug 18, 2026
- Contact form
- winterassoc.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- winterassoc.com/meet-our-teamreportedpublished by the firm, firm site, Sep 16, 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
- $44.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026