Team Hewins provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, and educational seminars. Financial planning was provided to 251–500 clients last fiscal year.
Team Hewins reports 576 clients. They include 304 high-net-worth individuals, 247 individual clients, and 9 pension and profit-sharing plans. Of its assets, 50.2% ($1.99B across 2,225 accounts) are managed with discretion; $1.98B across 35 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 43% | 3% |
| High-net-worth individuals | 53% | 58% |
| Pension and profit-sharing plans | 2% | 1% |
| Charitable organizations | 1% | 4% |
| State or municipal government entities | <1% | 14% |
| Other client typesCorporations and other businesses | 1% | 19% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 247 | $130M | 3.3% | $527K |
| High-net-worth individuals | 304 | $2.31B | 58.2% | $7.6M |
| Pension and profit-sharing plans | 9 | $57.7M | 1.5% | $6.42M |
| Charitable organizations | 8 | $141M | 3.6% | $17.6M |
| State or municipal government entities | Fewer than 5 | $568M | 14.3% | $284M |
| Corporations and other businesses | 6 | $760M | 19.2% | $127M |
| Total | 576 | $3.97B | 100% | — |
- Clients
- 247
- Regulatory AUM
- $130M
- AUM share
- 3.3%
- Avg. per client
- $527K
- Clients
- 304
- Regulatory AUM
- $2.31B
- AUM share
- 58.2%
- Avg. per client
- $7.6M
- Clients
- 9
- Regulatory AUM
- $57.7M
- AUM share
- 1.5%
- Avg. per client
- $6.42M
- Clients
- 8
- Regulatory AUM
- $141M
- AUM share
- 3.6%
- Avg. per client
- $17.6M
- Clients
- Fewer than 5
- Regulatory AUM
- $568M
- AUM share
- 14.3%
- Avg. per client
- $284M
- Clients
- 6
- Regulatory AUM
- $760M
- AUM share
- 19.2%
- Avg. per client
- $127M
Total
- Clients
- 576
- Regulatory AUM
- $3.97B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Team Hewins charges 0.30%–1.00% a year for its Standard Investment Advisory Services. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $2,500 annual minimum. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$2M | 1.00% |
| $2M–$5M | 0.85% |
| $5M–$10M | 0.40% |
| $10M and above | 0.30% |
Fee details and sources
Other fees
- Financial Planning and Consulting Services
- Negotiable: typically $3,000 to $10,000 a year as a fixed fee, or $350 to $400 an hour, billed quarterly or monthly and paid directly by the client.
- Retirement Plan Services
- Plan fees are tiered from 0.75% on the first $500,000 of plan assets to 0.10% above $15,000,000, with a $625 quarterly minimum; discounts may be negotiated.
Mikhael Balachov is CEO; the leadership team includes Chief Investment Officer John Bussel, Chief Operating Officer Ka-Tye Koo and Chief Compliance Officer Michelle McCarthy. It has 29 employees, 21 of them in advisory roles.
Leadership
- Mikhael BalachovPrincipal, Chief Executive Officer
- Ka-Tye KooPrincipal, Chief Operating Officer
- Michelle McCarthyChief Compliance Officer
- John BusselPrincipal and Chief Investment Officer
- Roger HewinsPrincipal, Founding Member
- Patrice HornungPrincipal, Senior Financial Advisor
- Karl SchwartzPrincipal, Senior Financial Advisor
- Thuong ThienPrincipal, Senior Financial Advisor
Investment adviser representatives
23 representatives listed in the SEC register as of 9 October 2026.
- Christopher Ryan Anderson
- Margaret Elizabeth Avery
- Mikhael Balachov
- John Matthew Bussel
- Hoyt Drynan
- Derek Joseph France
- Christina Danielle Gann Munguia
- Rachael Catherine Grattan
- Luke John Calhoun Hayes
- Philip Herzberg
- Roger Colburn Hewins III
- Patrice Margaret Cresci Hornung
- Alireza Hosseinlar
- Carolyn Elizabeth Kelly
- Ka-Tye Koo
- Richard Alexander Larsen
- Shelby Geree Miller
- Clarice M Nolet
- Deborah Ann Peri
- Kaycia Marie Rossi
- Karl Arthur Schwartz
- Thuong Thanh Thien
- Charles Wesley Wood
Staff
- 29 employees
- 21 in advisory functions
- 22 state-registered reps
- Owns 10% to 25% of Team Hewins, LLC
Roger Hewins
Control person · since June 2023
- Owns 10% to 25% of Team Hewins, LLC
John Bussel
Control person · since March 2018
- Owns 10% to 25% of Team Hewins, LLC
Mikhael Balachov
Control person · since June 2023
- Owns 10% to 25% of Team Hewins, LLC
Patrice Hornung
Control person · since June 2018
- Owns 10% to 25% of Team Hewins, LLC
Karl Schwartz
since April 2021
- Owns 10% to 25% of Team Hewins, LLC
Ka-Tye Koo
since June 2023
- Owns 5% to 10% of Team Hewins, LLC
Thuong Thien
since May 2018
Team Hewins’ regulatory assets grew 1.7× from $2.28B (March 2021) to $3.97B (July 2026); clients rose from 322 to 576 and employees from 23 to 29.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $3.97B | 576 | 29 | 3 |
| February 2025 | $3.43B | 531 | 26 | 3 |
| February 2024 | $2.5B | 504 | 23 | 3 |
| June 2023 | $2.17B | 428 | 23 | 4 |
| April 2022 | $2.45B | 387 | 26 | 4 |
| March 2021 | $2.28B | 322 | 23 | 4 |
Besides its headquarters, Team Hewins has 2 offices, with 3 listed addresses in California and Florida.
Florida · 2 listed addresses
- 2255 Glades Road, Boca Raton
- 20200 W Dixie Hwy, Miami
California · 1 listed address
- 950 Tower Lane, Suite 1050, Foster CityHQ
Contact and registration details
- Legal name
- Team Hewins, LLC
- Headquarters
- 950 Tower Lane, Suite 1050, Foster City, CA 94404
- Website
- teamhewins.com
- Phone
- 650-620-3040
- @team-hewins
- SEC file
- 801-112939
- Structure
- Delaware LLC
- Fiscal year end
- December
Team Hewins uses Charles Schwab ($3.13B, 85%) and U.S. Bank National Association ($569M, 15%) as custodians for its separately managed accounts. Team Hewins has custody of $1.05B in client assets for 130 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $3.13B85%
- U.S. Bank National AssociationU.S. Bank National Association · Los Angeles, CA · $569M15%
At year end, Team Hewins’ separately managed accounts were mostly in funds (70%) and stocks (21%). Its reported 13F holdings for the quarter ended 30 June 2026 total $366M across 40 positions; the largest are Dimensional ETF Trust (25.8%), Dimensional ETF Trust (17.6%) and Dimensional ETF Trust (14.3%).
What the accounts hold
- Stocks21%
- Funds70%
- Registered funds65%
- Pooled vehicles5%
- Bonds8%
- State and local bonds4%
- U.S. government and agency bonds2%
- Investment grade corporate bonds2%
- Cash1%
Reported 13F holdings
- $366M
- Reported 13F value
- 40
- Positions
- 93.6%
- In the 10 largest
- —
- Value vs. prior quarter
- Dimensional ETF Trust · Internatnal Val25.8%
- Dimensional ETF Trust · US Targeted Vlu17.6%
- Dimensional ETF Trust · US Mktwide Value14.3%
- American Centy ETF TR · US Sml CP Valu14.0%
- Dimensional ETF Trust · US Larg Valu ETF10.1%
- American Centy ETF TR · Avantis Emgmkt4.1%
- Dimensional ETF Trust · US Equi Mark ETF3.0%
- iShares TR · Rus 2000 Grw ETF2.8%
- Dimensional ETF Trust · US Small Cap ETF1.1%
- State Str SPDR S&P 500 ETF T · TR Unit0.9%
Together, the ten largest are 93.6% of reported value.
How many clients does Team Hewins have?
Team Hewins has 576 clients and manages $3.97 billion for them, as of July 2026. They include 304 high-net-worth individuals, 247 individual clients, and 9 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 22 July 2026
What services does Team Hewins offer?
Team Hewins provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Team Hewins charge?
Team Hewins charges 0.30%–1.00% a year for its Standard Investment Advisory Services. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $2,500 annual minimum.
Source: TEAM HEWINS FORM ADV PART 2A BROCHURE, filed 29 April 2026
Which custodians does Team Hewins use?
Team Hewins’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $3.13B and U.S. Bank National Association (Los Angeles, CA), with $569M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 22 July 2026
How many financial advisors does Team Hewins have?
Team Hewins has 22 investment adviser representatives registered with state securities authorities, out of 29 employees, and 21 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 Team Hewins invest in?
At the end of its last fiscal year, Team Hewins’ separately managed accounts held 65% registered funds (mutual funds, ETFs, BDCs), 21% exchange-traded equities, 5% pooled vehicles (private funds and similar), 4% state and local bonds, 2% U.S. government and agency bonds, 2% investment grade corporate bonds and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Team Hewins?
Team Hewins’ direct owners are Roger Hewins, John Bussel, Mikhael Balachov, Patrice Hornung, Karl Schwartz, Ka-Tye Koo and Thuong Thien, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 22 July 2026
How does Team Hewins get paid?
Team Hewins 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
Is Team Hewins registered with the SEC?
Yes, Team Hewins has been registered with the SEC as an investment adviser since 20 April 2018. Its CRD number is 291194 and its SEC file number is 801-112939.
Source: Form ADV Part 1A, Item 1, filed 22 July 2026; IAPD firm record
How do I contact Team Hewins?
Team Hewins’ main office is at 950 Tower Lane, Suite 1050, Foster City, CA 94404. Its phone number is 650-620-3040. Its website is teamhewins.com.