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Baxter Investment Management
Filed as BAXTER INVESTMENT MANAGEMENT · Legal name Baxter Brothers Inc.
Baxter Investment Management is an SEC-registered investment advisory firm in Riverside, CT, registered since 1959, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 11, 2026.
Quick answers
From the filingHow is Baxter Investment Management compensated?
On its Form ADV (Item 5.E, October 2026), Baxter Investment Management reports these compensation arrangements: a percentage of assets under its management.
What does Baxter Investment Management's brochure say about its fees?
Its Form ADV Part 2A brochure dated March 11, 2026 states: Asset-based fee: 1% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Baxter Investment Management located?
Baxter Investment Management's principal office is in Riverside, CT, according to its Form ADV.
Is Baxter Investment Management registered with the SEC or a state?
Baxter Investment Management is an SEC-registered investment advisory firm, registered since 1959. Status as filed: Approved. CRD 106548.
How much does Baxter Investment Management manage?
Baxter Investment Management reports $1,165,631,297 in regulatory assets under management in its Form ADV filing dated March 11, 2026 (100% discretionary).
How have Baxter Investment Management's assets and staff changed since 2021?
In the Form ADV data for Baxter Investment Management: Regulatory assets under management: $706,270,884 in the October 2021 data and $1,165,631,297 in the October 2026 data, up 65%. Total employees: 7 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Baxter Investment Management serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (222); individuals (other than high net worth individuals) (203); pension and profit sharing plans (but not the plan participants or government pension plans) (9).
Which custodians does Baxter Investment Management use?
Baxter Investment Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.
Does Baxter Investment Management report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/106548
What changed in Baxter Investment Management's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $1,008,336,559 to $1,165,631,297 (+16%). Registered or notice-filed in SC, WA. Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 1% of assets a year
The brochure's wording
Our investment advisory fees for all advisory services are calculated as a percentage of assets under management. In general, the firm’s annual fee is calculated as follows: • One (1.0%) percent of the market value of the portfolio under management.
As stated in the firm's Form ADV Part 2A brochure dated March 11, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$1,165,631,297 as of October 2026, filing dated March 11, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Legal name
- Baxter Brothers Inc.
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1959 (67 years)
- Employees
- Total: 7. Performing investment advisory functions: 5.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- States registered or notice-filed
-
13 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $1,165,631,297 | 7 | March 11, 2026 |
| October 2025 | $1,008,336,559 | 7 | March 24, 2025 |
| October 2024 | $915,112,236 | 7 | April 2, 2024 |
| October 2023 | $673,491,082 | 7 | March 30, 2023 |
| October 2022 | $865,402,566 | 7 | March 24, 2022 |
| October 2021 | $706,270,884 | 7 | March 29, 2021 |
Regulatory assets under management: $706,270,884 in the October 2021 data and $1,165,631,297 in the October 2026 data, up 65%.
Total employees: 7 in October 2021 and 7 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $1,008,336,559 to $1,165,631,297 (+16%).
- Registered or notice-filed in SC, WA.
- Updated its list of owners and control persons (Schedule A).
- January 2026
- No longer registered or notice-filed in IA, NH, RI.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Baxter Investment Management (CRD 106548): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/baxter-investment-management-riverside-ct-106548