# DW Healthcare Partners

> DW Healthcare Partners is an SEC-registered investment advisory firm in Park City, UT, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 11, 2026.

- CRD: 160555
- Filed as: DW HEALTHCARE PARTNERS
- Legal name: DW Management Services, L.L.C.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Park City, UT
- Filing period: October 2026
- Form ADV filing dated: May 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160555
- AdvisorCensus page: https://advisorcensus.com/firm/dw-healthcare-partners-park-city-ut-160555

## Quick answers

**How is DW Healthcare Partners compensated?**
On its Form ADV (Item 5.E, October 2026), DW Healthcare Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other.

**Where is DW Healthcare Partners located?**
DW Healthcare Partners' principal office is in Park City, UT, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is DW Healthcare Partners registered with the SEC or a state?**
DW Healthcare Partners is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160555.

**How much does DW Healthcare Partners manage?**
DW Healthcare Partners reports $2,737,032,573 in regulatory assets under management in its Form ADV filing dated May 11, 2026 (100% discretionary).

**How have DW Healthcare Partners' assets and staff changed since 2021?**
In the Form ADV data for DW Healthcare Partners: Regulatory assets under management: $1,301,057,555 in the October 2021 data and $2,737,032,573 in the October 2026 data, up 110%. Total employees: 28 in October 2021 and 34 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does DW Healthcare Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (12).

**Does DW Healthcare Partners 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/160555

**What changed in DW Healthcare Partners' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 33 to 29. Regulatory assets under management went from $1,881,275,316 to $2,737,032,573 (+45%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Regulatory assets under management (Item 5.F)
- Total: $2,737,032,573
- Discretionary: $2,737,032,573
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 12 | $2,737,032,573 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other

### Firm details
- Registered since: 2012 (14 years)
- Employees: 34 total, 29 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: UT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Toronto

### Websites listed on Form ADV (Item 1.I)
- dwhp.com
- LinkedIn @dw-healthcare-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,301,057,555 | 28 | May 20, 2021 |
| October 2022 | $1,278,928,842 | 29 | May 6, 2022 |
| October 2023 | $1,308,076,951 | 36 | May 11, 2023 |
| October 2024 | $1,538,053,907 | 38 | May 3, 2024 |
| October 2025 | $1,881,275,316 | 38 | May 5, 2025 |
| October 2026 | $2,737,032,573 | 34 | May 11, 2026 |

Regulatory assets under management: $1,301,057,555 in the October 2021 data and $2,737,032,573 in the October 2026 data, up 110%.
Total employees: 28 in October 2021 and 34 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 33 to 29.
- Regulatory assets under management went from $1,881,275,316 to $2,737,032,573 (+45%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. DW Healthcare Partners (CRD 160555): Form ADV filing data as of October 2026.