Clients
Rreef America serves 120 clients, 58 of them pooled investment vehicles. The average client has about $286 million with the firm.
- Investment companies6 clients20%
- Pooled investment vehicles58 clients47%
- Pension and profit-sharing plans20 clients4%
- State or municipal government entities5 clients9%
- Sovereign wealth funds and foreign official institutions11 clients19%
- Insurance companies1 clients0%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 6 | $6,809,328,737 | 19.8% | $1.13B |
| Pooled investment vehicles | 58 | $16,195,045,011 | 47.2% | $279.2M |
| Pension and profit-sharing plans | 20 | $1,499,832,527 | 4.4% | $75.0M |
| State or municipal government entities | 5 | $3,113,890,116 | 9.1% | $622.8M |
| Insurance companies | 1 | $119,102,563 | 0.3% | $119.1M |
| Sovereign wealth funds and foreign official institutions | 11 | $6,602,866,793 | 19.2% | $600.3M |
| Other | 19 | $0 | 0.0% | $0 |
| Total | 120 | $34,340,065,747 | 100% | $286.2M |
- Clients
- 6
- Regulatory AUM
- $6,809,328,737
- Share
- 19.8%
- Avg. per client
- $1.13B
- Clients
- 58
- Regulatory AUM
- $16,195,045,011
- Share
- 47.2%
- Avg. per client
- $279.2M
- Clients
- 20
- Regulatory AUM
- $1,499,832,527
- Share
- 4.4%
- Avg. per client
- $75.0M
- Clients
- 5
- Regulatory AUM
- $3,113,890,116
- Share
- 9.1%
- Avg. per client
- $622.8M
- Clients
- 1
- Regulatory AUM
- $119,102,563
- Share
- 0.3%
- Avg. per client
- $119.1M
- Clients
- 11
- Regulatory AUM
- $6,602,866,793
- Share
- 19.2%
- Avg. per client
- $600.3M
- Clients
- 19
- Regulatory AUM
- $0
- Share
- 0.0%
- Avg. per client
- $0
Total
- Clients
- 120
- Regulatory AUM
- $34,340,065,747
- Share
- 100%
- Avg. per client
- $286.2M
What it does
Rreef America provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets, performance-based fees and other arrangements.
Rreef America advises 21 private funds.
100.0% of assets ($34.34B across 120 accounts) are managed with discretion. 62% of clients are outside the U.S., and 24 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks100%
Custodians
Rreef America’s client accounts are held mainly at State Street Bank and Trust, with 11% of managed assets, and Northern Trust, with 10%. Rreef America has custody of $31.96B for 26 clients.
- J.P. MorganJpmorgan Chase & Co. · New York, NY · $3.27B10%
- Northern TrustNorthern Trust Corporation · Chicago, IL · $3.35B10%
- State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $3.66B11%
- All other custodians$24.06B70%
Ownership and leadership
DWS USA Corporation owns 75% or more of Rreef America, and William Henderson is its CEO.
- Owns 75% or more of Rreef America L.L.C.
DWS USA Corporation
Control person · since December 2025
- Owns 75% or more of DWS USA Corporation
DWS Group GMBH & Co. Kgaa
Control person · since April 2018
- Owns 75% or more of DWS Group GMBH & Co. Kgaa
DB Beteiligungs-Holding GMBH
Control person · since April 2018
- Owns 75% or more of DB Beteiligungs-Holding GMBH
Deutsche Bank Ag
Control person · since April 2018
Leadership
- William HendersonCo-Chief Executive Officer
- John VojticekCo-Chief Executive Officer
- Michael GilliganChief Financial Officer
- Freddi KlassenChief Operating Officer
- Michelle GoveiaChief Compliance Officer
- Jonathan PanekChief Legal Officer
Staff
- 175 employees
- 132 in advisory functions
- 6 broker-dealer reps
Fees
Rreef America is paid through a percentage of assets under management, performance-based fees and other.
Rreef America’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Rreef America has 9 offices, with 10 listed addresses across 8 states.
California · 3 listed addresses
- 535 Anton BLVD, Costa Mesa
- 13450 Maxella Avenue, Marina Del Rey
- 101 California Street, San Francisco
Georgia · 1 listed address
- 3414 Peachtree Road Ne, Atlanta
Illinois · 1 listed address
- 222 S. Riverside Plaza, ChicagoHQ
Maryland · 1 listed address
- 201 International Circle, Hunt Valley
Massachusetts · 1 listed address
- 100 Summer Street, Boston
New York · 1 listed address
- 875 Third Avenue, New York
Texas · 1 listed address
- 300 Crescent Court, Dallas
Washington · 1 listed address
- 701 Pike Street, Seattle
Other business names
Rreef America has reported 3 other business names to the SEC.
- DWS
- DWS-Americas Real Estate
- DWS-Liquid Real Assets
Registration details
- Legal name
- Rreef America L.L.C.
- Headquarters
- 222 S. Riverside Plaza, Chicago, IL 60606
- Phone
- 312-537-7000
- Website
- Not reported
- SEC file
- 801-55209
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Rreef America have?
Rreef America has 120 clients and manages $34.3 billion for them, as of September 2026. They include 58 pooled investment vehicles, 20 pension and profit-sharing plans and 19 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 September 2026
What services does Rreef America offer?
Rreef America provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Rreef America use?
Rreef America’s separately managed account assets are held at State Street Bank and Trust Company (Boston, MA), with $3,655,505,651, Northern Trust Corporation (Chicago, IL), with $3,351,592,181 and Jpmorgan Chase & Co. (New York, NY), with $3,273,962,971. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 September 2026
How many financial advisors does Rreef America have?
Rreef America has 0 investment adviser representatives registered with state securities authorities, out of 175 employees, and 132 perform investment advisory functions. 6 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Rreef America invest in?
At the end of its last fiscal year, Rreef America’s separately managed accounts held 100% exchange-traded equities. It advises 21 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Rreef America?
Rreef America is owned through a chain of holding companies by Deutsche Bank Ag. Its direct owner is DWS USA Corporation (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 17 September 2026
How does Rreef America get paid?
Rreef America is paid through a percentage of assets under management, performance-based fees and other arrangements. 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