Wealthcare Investment Partners provides financial planning, portfolio management for individuals and small businesses, and pension consulting.
Wealthcare Investment Partners reports 1,853 clients. They include 1,355 individual clients, 461 high-net-worth individuals, and 21 corporations and other businesses. Of its assets, 100.0% ($860M across 3,208 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $860M. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 73% | 31% |
| High-net-worth individuals | 25% | 65% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | 1% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,355 | $270M | 31.4% | $199K |
| High-net-worth individuals | 461 | $560M | 65.1% | $1.21M |
| Pension and profit-sharing plans | 6 | $5.65M | 0.7% | $941K |
| Charitable organizations | 10 | $2.96M | 0.3% | $296K |
| Corporations and other businesses | 21 | $21.8M | 2.5% | $1.04M |
| Total | 1,853 | $860M | 100% | $464K |
- Clients
- 1,355
- Regulatory AUM
- $270M
- AUM share
- 31.4%
- Avg. per client
- $199K
- Clients
- 461
- Regulatory AUM
- $560M
- AUM share
- 65.1%
- Avg. per client
- $1.21M
- Clients
- 6
- Regulatory AUM
- $5.65M
- AUM share
- 0.7%
- Avg. per client
- $941K
- Clients
- 10
- Regulatory AUM
- $2.96M
- AUM share
- 0.3%
- Avg. per client
- $296K
- Clients
- 21
- Regulatory AUM
- $21.8M
- AUM share
- 2.5%
- Avg. per client
- $1.04M
Total
- Clients
- 1,853
- Regulatory AUM
- $860M
- AUM share
- 100%
- Avg. per client
- $464K
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Wealthcare Investment Partners charges up to 1.40% for its Wealth Management Services. The brochure does not state whether the rate is annual. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Financial planning is billed hourly at up to $275 an hour, or as a fixed fee set from the expected hours, with up to 50% invoiced at signing.
David Mailloux owns 25% to 50% of Wealthcare Investment Partners. The leadership team of Wealthcare Investment Partners includes Chief Compliance Officer David Mailloux. It has 12 employees, 5 of them in advisory roles.
Leadership
David MaillouxManaging Member and Chief Compliance Officer
Brian CorriveauManaging Member
Derek DooManaging Member
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 12 employees
- 5 in advisory functions
- 5 state-registered reps
- 4 broker-dealer reps
- 5 insurance agents
- Owns 25% to 50% of Wealthcare Investment Partners LLC
David Mailloux
Control person · since April 2018
- Owns 25% to 50% of Wealthcare Investment Partners LLC
Brian Corriveau
Control person · since April 2018
- Owns 25% to 50% of Wealthcare Investment Partners LLC
Derek Doo
Control person · since June 2020
Wealthcare Investment Partners’ regulatory assets grew 2.2× from $392M (April 2021) to $860M (August 2026); clients rose from 1,264 to 1,853 and employees fell from 13 to 12.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $860M | 1,853 | 12 | 2 |
| February 2025 | $655M | 1,741 | 11 | 2 |
| April 2024 | $560M | 1,651 | 13 | 2 |
| February 2023 | $458M | 1,483 | 12 | 2 |
| June 2022 | $477M | 1,123 | 12 | 2 |
| April 2021 | $392M | 1,264 | 13 | 2 |
Besides its headquarters, Wealthcare Investment Partners has 1 office, with 2 listed addresses in Rhode Island.
Rhode Island · 2 listed addresses
- 35 Dyer Street, PortsmouthHQ
- 690 Douglas Pike, Smithfield
Contact and registration details
- Legal name
- Wealthcare Investment Partners LLC
- Headquarters
- 35 Dyer Street, Portsmouth, RI 02871
- Website
- Not reported
- Phone
- 401-682-2335
- @wealthcare-investment-partners
- SEC file
- 801-113276
- Structure
- Rhode Island LLC
- Fiscal year end
- December
Wealthcare Investment Partners uses Charles Schwab ($852M) as custodian for its separately managed accounts. Wealthcare Investment Partners does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $852M100%
At year end, Wealthcare Investment Partners’ separately managed accounts were mostly in funds (52%) and stocks (45%). Its reported 13F holdings for the quarter ended 30 June 2026 total $412M across 206 positions; the largest are Invesco Qqq TR (8.0%), First TR Exchange-traded FD (3.7%) and Capital Group Growth ETF (3.4%).
What the accounts hold
- Stocks45%
- Exchange-traded equities44%
- Non-exchange-traded equities1%
- Funds52%
- Bonds1%
- Cash2%
Reported 13F holdings
- $412M
- Reported 13F value
- 206
- Positions
- 32.9%
- In the 10 largest
- +14.2%
- Value vs. prior quarter
- Invesco Qqq TR · Unit Ser 18.0%
- First TR Exchange-traded FD3.7%
- Capital Group Growth ETF · Shs Creat Unit3.4%
- iShares TR · US Aer Def ETF3.1%
- Capital Group Dividend Value · Shs Creat Unit3.0%
- Invesco Exch Traded FD TR II · S&P 500 Momntm2.9%
- First TR Exchng Traded FD VI · FT Ladd Buff ETF2.4%
- Vanguard Index Fds · S&P 500 ETF Shs2.3%
- Columbia ETF TR I · Resh Enhnc Cor2.1%
- Schwab Strategic TR · Fundamental Intl2.1%
Together, the ten largest are 32.9% of reported value.
How many clients does Wealthcare Investment Partners have?
Wealthcare Investment Partners has 1,853 clients and manages $860 million for them, as of August 2026. They include 1,355 individual clients, 461 high-net-worth individuals, and 21 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 11 August 2026
What services does Wealthcare Investment Partners offer?
Wealthcare Investment Partners provides financial planning, portfolio management for individuals and small businesses, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Wealthcare Investment Partners charge?
Wealthcare Investment Partners charges up to 1.40% for its Wealth Management Services. The brochure does not state whether the rate is annual. The fee is billed in arrears and is negotiable.
Source: FORM ADV2A, WRAP APPENDIX, AND PRIVACY POLICY, filed 17 March 2026
Which custodians does Wealthcare Investment Partners use?
Wealthcare Investment Partners’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $852M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 11 August 2026
How many financial advisors does Wealthcare Investment Partners have?
Wealthcare Investment Partners has 5 investment adviser representatives registered with state securities authorities, out of 12 employees, and 5 perform investment advisory functions. 4 employees are registered representatives of a broker-dealer and 5 employees 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 Wealthcare Investment Partners invest in?
At the end of its last fiscal year, Wealthcare Investment Partners’ separately managed accounts held 52% registered funds (mutual funds, ETFs, BDCs), 44% exchange-traded equities, 2% cash and equivalents, 1% non-exchange-traded equities and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Wealthcare Investment Partners?
Wealthcare Investment Partners’ direct owners are David Mailloux, Brian Corriveau and Derek Doo, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 11 August 2026
How does Wealthcare Investment Partners get paid?
Wealthcare Investment 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
How do I contact Wealthcare Investment Partners?
Wealthcare Investment Partners’ main office is at 35 Dyer Street, Portsmouth, RI 02871. Its phone number is 401-682-2335.