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

Russell Investments

Institutional managerSeattle, WashingtonCRD 329SEC 801-60335websiteIAPD
Legal name Russell Investments Implementation Services, LLC
Latest filing Sep 2, 2026
First filing on the tape Nov 18, 2011 · 43 filings
SEC status approved since Jun 13, 2001
RAUM
$81B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$27B
derived; firm RAUM over IAPD count
Employees
569
115 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$81B as of Mar 31, 2026
Mar 28, 2012$83B then
HNW client RAUM$0 as of Mar 31, 2026
Apr 1, 2023$0 then
State-registered IARs (5.B.3)79 as of Mar 31, 2026
Mar 25, 20130 then
Employees (5.A)569 as of Mar 31, 2026
Mar 25, 201390 then
Private funds: no history
RAUM +1.8% over the last fiscal year-20% a year over threeIARs 80 to 79
Practice profile
derived from the filing of Sep 2, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
RAUM per advisor
$27BderivedRAUM 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
$555MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
99%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
189.7derivedItem 5.A over advisors
Advisors per office
1.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+1.8%derivedbetween the last two annual amendments
Advisor growth, one year
-1.3%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed fees, performance-based, commissions, otherreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, otherreportedItem 5.G
Custody
yesreportedItem 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
  • is a broker-dealer (6.A.1)
  • 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)
  • an independent public accountant performs a surprise examination (9.C.1)
  • marketing includes testimonials (5.L.1.c)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$52B64%
  • Pension and profit-sharing plans$19B23%
  • Charitable organizations$9.6B12%
  • Other investment advisers$232M0.3%
  • Pooled investment vehicles$231M0.3%
  • Insurance companies$203M0.3%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
30reported
Charitable clients
14reported
Accounts
146reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
Compensation
% of AUM, fixed, performance, commissionsreported
Class basis
private_client_share=0.0 fund_share=0.01 institutional_share=0.99 related_bd=true related_bank=true bd_reps=205.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Rush Kirk EvansSeattle, Wa Dec 11, 202414 y2
Tim William BondSeattle, WaMar 5, 202523 y6
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 headcount1 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Carlos Cid Alvarez · US Broker-Dealer Chief Compliance Officercontrol
    since 11/2023 · owns less than 5%
  • Amy Elizabeth Curran · US Adviser Chief Compliance Officercontrol
    since 03/2024 · owns less than 5%
  • Katherine Anne El-Hillow · Director; President; Chief Investment Officercontrol
    since 05/2020 · owns less than 5%
  • Jason Abram Lenzo · Directorcontrol
    since 07/2024 · owns less than 5%
  • Peter Mortensen · Chief Risk Officercontrol
    since 06/2023 · owns less than 5%
  • Aaron Alexander Ostrovsky · Directorcontrol
    since 12/2023 · owns less than 5%
  • David Andrew Siegel · Financial And Operations Principalcontrol
    since 03/2022 · owns less than 5%
  • Howard Brian Surloff · Chief Legal Officercontrol
    since 03/2022 · owns less than 5%
Entity owners
  • Russell Investments US Institutional Holdco, Inc. · Owner
    direct · owns 75% or more
  • Emerald Acquisition Limited · Owner
    indirect · owns 75% or more of Russell Investments US Institutional Holdco, Inc.
  • Russell Investments Cayman Midco, Limited · Owner
    indirect · owns 75% or more of Emerald Acquisition Limited
  • Russell Investments Group, Ltd. · Owner
    indirect · owns 75% or more of Russell Investments Cayman Midco, Ltd
  • Ta Xii-A Eu Aiv, L.P. · Shareholder
    indirect · owns 25% to 50% of Russell Investments Group, Ltd.
Related persons
Schedule D 7.A
  • Frf Partners II, LLC
    pooled vehicle sponsorn
  • Frf Partners IV, L.P.
    pooled vehicle sponsorn
  • In Partnership Financial Advisers Limited
    investment advisern
  • Russell Investment Group Ltd.
    investment advisern
  • Russell Investment Group Pty Ltd
    investment advisern
  • Russell Investment Management (Shanghai) Company, Ltd.
    investment advisern
  • Russell Investment Management Ltd
    investment advisern
  • Russell Investments
    investment adviserbankpooled vehicle sponsorLP sponsornRAUM $69B
  • Russell Investments Canada Limited
    investment advisern
  • Russell Investments
    investment adviserbankpooled vehicle sponsornRAUM $35B
  • Russell Investments Delaware, LLC
    pooled vehicle sponsorn
  • Russell Investments Employee Benefits Pty. Ltd.
    investment advisern
  • Russell Investments Financial Services, LLC
    broker-dealern
  • Russell Investments Financial Solutions Pty Ltd.
    investment advisern
  • Russell Investments France Sas
    investment advisern
  • Russell Investments Funds Management, LLC
    pooled vehicle sponsorn
  • Russell Investments Gpcf Gp S.A.R.L.
    pooled vehicle sponsorn
  • Russell Investments Gui Gp S.A.R.L.
    pooled vehicle sponsorn
  • Russell Investments Implementation Services Limited
    investment advisern
  • Russell Investments Ireland Limited
    investment adviserpooled vehicle sponsorn
  • Russell Investments Japan Co., Ltd.
    investment advisern
  • Russell Investments Korea Limited
    investment advisern
  • Russell Investments Limited
    investment advisern
  • Russell Investments Pmf 2019 Gp, LLC
    bankpooled vehicle sponsorn
  • Russell Investments Pmf 23 Gp S.A.R.L.
    pooled vehicle sponsorn
  • Russell Investments Trust Company
    bankn
  • Russell Investments Wpp Global Private Credit Gp Limited
    pooled vehicle sponsorn
  • Russell Investments Wpp Global Private Credit Gp1 Limited
    pooled vehicle sponsorn
  • The On-Line Partnership Limited
    investment advisern
  • The Whitechurch Network Limited
    investment advisern
Advisers that list Russell Investments as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Seattle, Wa · principal310
Offices
Schedule D 1.F, the 25 largest
  • New York, NY16 employees
  • Sydney, Australia
What changed
consecutive filings, newest first
  • Financial planning clients · to unset
    Mar 31, 2026 to Sep 2, 2026
  • Succession · false to unset
    Mar 31, 2026 to Sep 2, 2026
  • Accounts · 152 to 146
    Sep 5, 2025 to Mar 31, 2026
  • Advisory employees · 122 to 115
    Sep 5, 2025 to Mar 31, 2026
  • BD registered reps · 192 to 205
    Sep 5, 2025 to Mar 31, 2026
  • Charity clients · 13 to 14
    Sep 5, 2025 to Mar 31, 2026
  • Pension plan clients · 33 to 30
    Sep 5, 2025 to Mar 31, 2026
  • Pooled vehicle clients · 33 to 38
    Sep 5, 2025 to Mar 31, 2026
  • Employees · 589 to 569
    Sep 5, 2025 to Mar 31, 2026
  • Insurance-licensed employees · 80 to 79
    Sep 5, 2025 to Mar 31, 2026
  • State-registered IARs · 80 to 79
    Sep 5, 2025 to Mar 31, 2026
  • Discretionary RAUM · $80B to $81B
    Sep 5, 2025 to Mar 31, 2026
  • Non-discretionary RAUM · $138M to $0
    Sep 5, 2025 to Mar 31, 2026
  • Pension RAUM · $22B to $19B
    Sep 5, 2025 to Mar 31, 2026
  • Pooled vehicle RAUM · $9.6M to $231M
    Sep 5, 2025 to Mar 31, 2026
  • RAUM · $80B to $81B
    Sep 5, 2025 to Mar 31, 2026
  • Financial planning clients · unset to
    Mar 28, 2025 to Jul 21, 2025
  • Accounts · 146 to 152
    Oct 18, 2024 to Mar 28, 2025
  • Advisory employees · 115 to 122
    Oct 18, 2024 to Mar 28, 2025
  • BD registered reps · 226 to 192
    Oct 18, 2024 to Mar 28, 2025
  • Charity clients · 12 to 13
    Oct 18, 2024 to Mar 28, 2025
  • Pension plan clients · 32 to 33
    Oct 18, 2024 to Mar 28, 2025
  • Pooled vehicle clients · 32 to 33
    Oct 18, 2024 to Mar 28, 2025
  • Employees · 653 to 589
    Oct 18, 2024 to Mar 28, 2025
  • Insurance-licensed employees · 84 to 80
    Oct 18, 2024 to Mar 28, 2025
  • State-registered IARs · 84 to 80
    Oct 18, 2024 to Mar 28, 2025
  • Other offices · 2 to 1
    Oct 18, 2024 to Mar 28, 2025
  • Discretionary RAUM · $81B to $80B
    Oct 18, 2024 to Mar 28, 2025
  • Non-discretionary RAUM · $2.0B to $138M
    Oct 18, 2024 to Mar 28, 2025
  • Pension RAUM · $27B to $22B
    Oct 18, 2024 to Mar 28, 2025
  • Pooled vehicle RAUM · $64.8M to $9.6M
    Oct 18, 2024 to Mar 28, 2025
  • RAUM · $83B to $80B
    Oct 18, 2024 to Mar 28, 2025
  • Accounts · 744 to 146
    Jan 8, 2024 to Mar 29, 2024
  • Advisory employees · 122 to 115
    Jan 8, 2024 to Mar 29, 2024
  • Advisory activities · 4 to 3
    Jan 8, 2024 to Mar 29, 2024
  • BD registered reps · 118 to 226
    Jan 8, 2024 to Mar 29, 2024
  • Charity clients · 6 to 12
    Jan 8, 2024 to Mar 29, 2024
  • Corporate clients · 6 to 0
    Jan 8, 2024 to Mar 29, 2024
  • Pension plan clients · 77 to 32
    Jan 8, 2024 to Mar 29, 2024
  • Pooled vehicle clients · 211 to 32
    Jan 8, 2024 to Mar 29, 2024
Signals
41 dated events
  • Tanner Button left Russell Investments for Los Angeles Capital Management Llc (registered 2025-04-23)
    Dec 12, 2024 · Advisor changed firm · fact
  • Scott Spencer Bowen (Chief Financial Officer) no longer on Schedule A of Russell Investments (listed 2024-10-03, absent 2024-10-18)
    Oct 18, 2024 · Control person left · inference
  • Vernon Richard Barback (Chief Financial Officer) no longer on Schedule A of Russell Investments (listed 2024-07-30, absent 2024-10-03)
    Oct 3, 2024 · Control person left · inference
  • Scott Spencer Bowen (Chief Financial Officer) appeared on Schedule A of Russell Investments
    Oct 3, 2024 · Control person joined · fact
  • Jason Abram Lenzo (Director) appeared on Schedule A of Russell Investments
    Jul 30, 2024 · Control person joined · fact
  • Vernon Richard Barback (Chief Financial Officer) appeared on Schedule A of Russell Investments
    Jul 30, 2024 · Control person joined · fact
  • Thomas Edward Fletcher (Director) no longer on Schedule A of Russell Investments (listed 2024-03-29, absent 2024-07-30)
    Jul 30, 2024 · Control person left · inference
  • Stephen Harold Belgrad (Chief Financial Officer) no longer on Schedule A of Russell Investments (listed 2024-03-29, absent 2024-07-30)
    Jul 30, 2024 · Control person left · inference
  • Russell Investments reported 84 state-registered advisory representatives, down from 218 (2024-01-08 to 2024-03-29)
    Mar 29, 2024 · Advisor headcount change · derived
  • Russell Investments reported RAUM $82.7B, down 47% from $156.6B (2024-01-08 to 2024-03-29)
    Mar 29, 2024 · RAUM change · derived
  • Amy E Curran (Us Adviser Chief Compliance Officer) appeared on Schedule A of Russell Investments
    Mar 29, 2024 · Control person joined · fact
  • Randall Scott Hegarty (Us Advisor Chief Compliance Officer) no longer on Schedule A of Russell Investments (listed 2024-01-08, absent 2024-03-29)
    Mar 29, 2024 · Control person left · inference
  • Kelly Kevin Mainelli (Director) no longer on Schedule A of Russell Investments (listed 2023-11-30, absent 2024-01-08)
    Jan 8, 2024 · Control person left · inference
  • Kate Rachelle Malone (U.S. Broker-Dealer Chief Compliance Officer) no longer on Schedule A of Russell Investments (listed 2023-10-27, absent 2023-11-30)
    Nov 30, 2023 · Control person left · inference
  • Michael Christopher Raczynski (Global Chief Compliance Officer) no longer on Schedule A of Russell Investments (listed 2023-10-27, absent 2023-11-30)
    Nov 30, 2023 · Control person left · inference
  • Carlos C Alvarez (Us Broker-Dealer Chief Compliance Officer) appeared on Schedule A of Russell Investments
    Nov 30, 2023 · Control person joined · fact
  • Randall Scott Hegarty (Us Advisor Chief Compliance Officer) appeared on Schedule A of Russell Investments
    Nov 30, 2023 · Control person joined · fact
  • Sylvester Marbey (U.S. Advisor Chief Compliance Officer) no longer on Schedule A of Russell Investments (listed 2023-06-30, absent 2023-10-27)
    Oct 27, 2023 · Control person left · inference
  • Michael Christopher Raczynski (Global Chief Compliance Officer) appeared on Schedule A of Russell Investments
    Oct 27, 2023 · Control person joined · fact
  • Peter Mortensen (Chief Risk Officer) appeared on Schedule A of Russell Investments
    Jun 30, 2023 · Control person joined · fact
  • Russell Investments reported 218 state-registered advisory representatives, up from 118 (2022-11-22 to 2023-04-01)
    Apr 1, 2023 · Advisor headcount change · derived
  • Kevin Michael Klingert (Director) no longer on Schedule A of Russell Investments (listed 2022-03-31, absent 2022-11-22)
    Nov 22, 2022 · Control person left · inference
  • Russell Investments reported 118 state-registered advisory representatives, up from 0 (2021-08-12 to 2022-03-31)
    Mar 31, 2022 · Advisor headcount change · derived
  • David Andrew Siegel (Finop) appeared on Schedule A of Russell Investments
    Mar 31, 2022 · Control person joined · fact
  • Crista Shay Dumais (Financial And Operations Principal) no longer on Schedule A of Russell Investments (listed 2021-08-12, absent 2022-03-31)
    Mar 31, 2022 · Control person left · inference
  • Sylvester Marbey (U.S. Advisor Chief Compliance Officer) appeared on Schedule A of Russell Investments
    Aug 12, 2021 · Control person joined · fact
  • Lyda Iturralde (U.S. Advisor Chief Compliance Officer) no longer on Schedule A of Russell Investments (listed 2021-07-16, absent 2021-08-12)
    Aug 12, 2021 · Control person left · inference
  • Richard William Smirl (President) no longer on Schedule A of Russell Investments (listed 2021-04-05, absent 2021-07-16)
    Jul 16, 2021 · Control person left · inference
  • Katherine Anne El-Hillow (Chief Investment Officer, President) appeared on Schedule A of Russell Investments
    Jul 16, 2021 · Control person joined · fact
  • Kevin Michael Klingert (Director) appeared on Schedule A of Russell Investments
    Jul 16, 2021 · Control person joined · 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
Firm profile
linkedin.com/company/russell-investmentsreportedpublic record, Form ADV, Sep 18, 2026
Website
russellinvestments.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
206-505-7877reportedpublic record, Form ADV, Sep 2, 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
Institutional managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$27Bderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026