{"url":"https://nivawealth.com/firms/dw-management-services-160555","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/160555","regulatoryAum":2737032573,"crd":"160555","history":[{"filedOn":"2021-05-20","regulatoryAum":1301057555,"clients":12,"employees":28,"offices":2},{"filedOn":"2022-05-06","regulatoryAum":1278928842,"clients":13,"employees":29,"offices":2},{"filedOn":"2023-05-11","regulatoryAum":1308076951,"clients":12,"employees":36,"offices":2},{"filedOn":"2024-05-03","regulatoryAum":1538053907,"clients":11,"employees":38,"offices":2},{"filedOn":"2025-05-05","regulatoryAum":1881275316,"clients":12,"employees":38,"offices":2},{"filedOn":"2026-05-11","regulatoryAum":2737032573,"clients":12,"employees":34,"offices":2}],"secFileNumber":"801-73231","legalName":"DW Management Services, L.L.C.","displayName":"DW Management Services","slug":"dw-management-services-160555","website":"https://dwhp.com/","classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/dw-healthcare-partners/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"1413 Center Drive, Ste. 220","city":"Park City","state":"UT","stateName":"Utah","country":"United States","postalCode":"84098-7401"},"tradeNames":[],"registration":{"secApproved":"30 March 2012","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":34,"advisory":29,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":2737032573,"discretionary":2737032573,"discretionaryAccounts":12,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":17,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":12,"regulatoryAum":2737032573}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"DW Management Services has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Richard Wilhelm","title":"Chief Financial Officer","crd":"4841087"},{"name":"John Benear","title":"Managing Director, Chief Compliance Officer; Managing Member","crd":"5340498"},{"name":"Andrew Carragher","title":"Managing Partner; Managing Member","crd":"5340501"},{"name":"Aly Champsi","title":"Managing Director; Managing Member","crd":"7090766"},{"name":"Lance Ruud","title":"Managing Director; Managing Member","crd":"5340483"},{"name":"Douglas Schillinger","title":"Managing Director; Managing Member","crd":"5340500"},{"name":"Kimberly Ruud","title":"Trustee of Lance C. Ruud and Kimberly F. Ruud Family Trust Dated December 23, 1999","crd":"1913802"}],"ownership":[{"label":"Lance C. Ruud and Kimberly F. Ruud Family Trust Dated December 23,1999","detail":"Non-managing member in the 10% to 25% ownership band, since November 2006."},{"label":"JB Capital, LLC","detail":"Non-managing member in the 25% to 50% ownership band, since January 2003."},{"label":"Andrew Carragher","detail":"Managing partner; managing member in the 25% to 50% ownership band and a control person, since January 2003."},{"label":"Lance Ruud","detail":"Trustee of lance c. ruud and kimberly f. ruud family trust dated december 23, 1999 in the 10% to 25% ownership band and a control person, since December 1999."},{"label":"Douglas Schillinger","detail":"Managing director; managing member in the 10% to 25% ownership band and a control person, since November 2006."},{"label":"Aly Champsi","detail":"Managing director; managing member in the 10% to 25% ownership band and a control person, since January 2020."},{"label":"Kimberly Ruud","detail":"Trustee of lance c. ruud and kimberly f. ruud family trust dated december 23, 1999 in the 10% to 25% ownership band, since December 1999."},{"label":"The John B. Benear, II Trust U/A/D 8/28/02","detail":"Indirect owner: a member of JB Capital, LLC in the 75% or more band and a control person, since August 2002.","parent":"JB Capital, LLC"},{"label":"John Benear","detail":"Indirect owner: trustee of The John B. Benear, II Trust U/A/D 8/28/02 and a control person, since August 2002.","parent":"The John B. Benear, II Trust U/A/D 8/28/02"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[{"city":"TORONTO","country":"Canada","postalCode":"M5C 2V6","street":"1 TORONTO STREET","display":{"city":"TORONTO","region":null,"postalCode":"M5C 2V6","ruleVersion":"office-display-1"}}],"officesByState":[{"state":"Utah","offices":1,"addresses":[{"street":"1413 Center Drive, Ste. 220","city":"Park City","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"435-645-4050","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees","Other"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Other"],"financialPlanningClients":null,"assetMix":[],"privateFunds":12},"sources":{"adv1FilingDate":"11 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/160555/PDF/160555.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does DW Management Services have?","answer":"DW Management Services has 12 clients and manages $2.74 billion for them, as of May 2026. They include 12 pooled investment vehicles.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 11 May 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does DW Management Services offer?","answer":"DW Management Services provides portfolio management for pooled vehicles.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does DW Management Services have?","answer":"DW Management Services has 0 investment adviser representatives registered with state securities authorities, out of 34 employees, and 29 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns DW Management Services?","answer":"DW Management Services’ direct owners are Lance C. Ruud and Kimberly F. Ruud Family Trust Dated December 23,1999, JB Capital, LLC, Andrew Carragher, Lance Ruud, Douglas Schillinger, Aly Champsi, and Kimberly Ruud, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 11 May 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does DW Management Services get paid?","answer":"DW Management Services is paid through a percentage of assets under management, performance-based fees and other compensation. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact DW Management Services?","answer":"DW Management Services’ main office is at 1413 Center Drive, Ste. 220, Park City, UT 84098-7401. Its phone number is 435-645-4050. Its website is dwhp.com.","source":"Form ADV Part 1A, Item 1.F, filed 11 May 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}