Clients
Rwa Wealth Partners serves 6,027 clients, 3,545 of them high-net-worth individuals. The average client has about $3.3 million with the firm, and high-net-worth clients hold 88% of its $19.8 billion in assets.
- Individuals2,406 clients6%
- High-net-worth individuals3,545 clients88%
- Pension and profit-sharing plans20 clients3%
- Charitable organizations33 clients3%
- OtherState or municipal government entities, Corporations and other businesses1%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 2,406 | $1,119,506,538 | 5.7% | $465K |
| High-net-worth individuals | 3,545 | $17,324,200,415 | 87.5% | $4.89M |
| Pension and profit-sharing plans | 20 | $534,981,920 | 2.7% | $26.7M |
| Charitable organizations | 33 | $673,441,460 | 3.4% | $20.4M |
| State or municipal government entities | Not reported | $1,581,589 | 0.0% | — |
| Corporations and other businesses | 23 | $141,574,762 | 0.7% | $6.16M |
| Total | 6,027 | $19,795,286,684 | 100% | $3.28M |
- Clients
- 2,406
- Regulatory AUM
- $1,119,506,538
- Share
- 5.7%
- Avg. per client
- $465K
- Clients
- 3,545
- Regulatory AUM
- $17,324,200,415
- Share
- 87.5%
- Avg. per client
- $4.89M
- Clients
- 20
- Regulatory AUM
- $534,981,920
- Share
- 2.7%
- Avg. per client
- $26.7M
- Clients
- 33
- Regulatory AUM
- $673,441,460
- Share
- 3.4%
- Avg. per client
- $20.4M
- Clients
- Not reported
- Regulatory AUM
- $1,581,589
- Share
- 0.0%
- Avg. per client
- —
- Clients
- 23
- Regulatory AUM
- $141,574,762
- Share
- 0.7%
- Avg. per client
- $6.16M
Total
- Clients
- 6,027
- Regulatory AUM
- $19,795,286,684
- Share
- 100%
- Avg. per client
- $3.28M
What it does
Rwa Wealth Partners provides financial planning, portfolio management for individuals and small businesses and other activities. It is paid through a percentage of assets, hourly charges and fixed fees.
Rwa Wealth Partners provided financial planning to 2,000 clients last fiscal year and advises no private funds.
98.0% of assets ($19.40B across 19,564 accounts) are managed with discretion; $394.7M across 85 accounts are not. 0% of clients are outside the U.S., and 15 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks48%
- Funds39%
- Registered funds35%
- Pooled vehicles4%
- Bonds8%
- State and local bonds5%
- U.S. government and agency bonds2%
- Investment grade corporate bonds1%
- Cash4%
Filed values cover 99%. The neutral 1% gap has no reported category.
Custodians
Rwa Wealth Partners’ client accounts are held mainly at Fidelity, with 73% of managed assets, and Charles Schwab, with 17%. Rwa Wealth Partners has custody of $8.88B for 2,740 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $14.50B73%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $3.44B17%
- All other custodians$1.86B9%
Ownership and leadership
Ai Intermediate, LLC owns 75% or more of Rwa Wealth Partners, and Michelle Knight is its CEO.
- Owns 75% or more of Rwa Wealth Partners, LLC
Ai Intermediate, LLC
Control person · since December 2020
Ai Parent, LLC
Managing member · Control person · since December 2020
SP-Ai Holdings, L.P.
Managing member · Control person · since December 2020
- Owns 25% to 50% of SP-Ai Holdings, L.P.
Summit Partners Growth Equity Fund X-A, L.P.
Control person · since December 2020
Summit Partners Ge X, LP
General partner · Control person · since December 2020
Summit Partners Ge X, LLC
General partner · Control person · since December 2020
Summit Partners, L.P.
Member · Control person · since December 2020
Summit Master Company, LLC
General partner · Control person · since December 2020
Daniel Wiener
Manager · Control person · since December 2020
Ai Holdings GP, LLC
General partner · Control person · since December 2020
Matthew Hamilton
Manager · Control person · since December 2020
James Lowell
Manager · Control person · since August 2021
Vamsi Yadlapati
Manager · Control person · since April 2021
Doris Meister
Manager · Control person · since January 2025
Ashley Smith
Manager · Control person · since June 2024
Leadership
- Michelle KnightChief Executive
- Donald MackenzieChief Financial Officer
- Kristin FazioChief Compliance Officer and Principal
- Joseph PowersChief Investment Officer
Staff
- 178 employees
- 63 in advisory functions
- 66 state-registered reps
- 9 soliciting firms
Reported holdings
Rwa Wealth Partners’ reported 13F holdings total $10.44B across 645 positions, and the ten largest make up 51.6% of it.
- $10.44B
- Reported 13F value
- 645
- Positions
- 51.6%
- In the 10 largest
- +14.3%
- Value vs. prior quarter
- Vanguard Index Fds · Growth ETF11.1%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt10.3%
- iShares TR · Core US Aggbd ET8.7%
- Vanguard Index Fds · Value ETF7.3%
- Vanguard Intl Equity Index F · FTSE Emr Mkt ETF2.7%
- Vanguard Scottsdale Fds · Short Term Treas2.5%
- Apple Inc.2.3%
- iShares TR · National Mun ETF2.3%
- The Alger ETF Trust · Concentrated EQT2.2%
- Vanguard Mun BD Fds · Tax Exempt BD2.2%
Together, the ten largest are 51.6% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $10.44B is not its $19.80B in regulatory assets and does not represent any individual client's portfolio.
Fees
Rwa Wealth Partners is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees).
Rwa Wealth Partners’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Rwa Wealth Partners has 5 offices, with 6 listed addresses across 4 states.
California · 2 listed addresses
- 3200 Park Center Drive, Costa Mesa
- Steuart Tower, San Francisco
Massachusetts · 2 listed addresses
- Prudential Tower, 800 Boylston Street, BostonHQ
- 85 Wells Avenue, Newton
Illinois · 1 listed address
- 150 North Wacker Drive, Chicago
Michigan · 1 listed address
- 13721 West Bay Shore Drive, Traverse City
Other business names
Rwa Wealth Partners has reported 5 other business names to the SEC.
- Rwa
- Rwa Capital
- Rwa Family Office
- Rwa Private Wealth
- Rwa Wealth
Registration details
- Legal name
- Rwa Wealth Partners, LLC
- Headquarters
- Prudential Tower, 800 Boylston Street, Boston, MA 02199
- Phone
- 857-255-2100
- Website
- rwawealth.com
- SEC file
- 801-73098
- 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 Rwa Wealth Partners have?
Rwa Wealth Partners has 6,027 clients and manages $19.8 billion for them, as of May 2026. They include 3,545 high-net-worth individuals, 2,406 other individuals and 33 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 May 2026
What services does Rwa Wealth Partners offer?
Rwa Wealth Partners provides financial planning, portfolio management for individuals and small businesses and other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Rwa Wealth Partners use?
Rwa Wealth Partners’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $14,498,902,854 and Charles Schwab & Co., Inc. (Westlake, TX), with $3,439,397,880. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 May 2026
How many financial advisors does Rwa Wealth Partners have?
Rwa Wealth Partners has 66 investment adviser representatives registered with state securities authorities, out of 178 employees, and 63 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
What does Rwa Wealth Partners invest in?
At the end of its last fiscal year, Rwa Wealth Partners’ separately managed accounts held 48% exchange-traded equities, 35% registered funds (mutual funds, ETFs, BDCs), 5% state and local bonds, 4% pooled vehicles (private funds and similar), 4% cash and equivalents, 2% U.S. government and agency bonds and 1% investment grade corporate bonds. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Rwa Wealth Partners?
Rwa Wealth Partners’ direct owner is Ai Intermediate, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 May 2026
How does Rwa Wealth Partners get paid?
Rwa Wealth Partners is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file