# Redwheel

> Redwheel is an SEC-registered investment advisory firm in Miami, FL, registered since 2013, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 166517
- Filed as: REDWHEEL
- Legal name: RWC Asset Advisors (US) LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Miami, FL
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/166517
- AdvisorCensus page: https://advisorcensus.com/firm/redwheel-miami-fl-166517

## Quick answers

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

**Where is Redwheel located?**
Redwheel's principal office is in Miami, FL, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Redwheel registered with the SEC or a state?**
Redwheel is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 166517.

**How much does Redwheel manage?**
Redwheel reports $4,380,290,405 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).

**How have Redwheel's assets and staff changed since 2021?**
In the Form ADV data for Redwheel: Regulatory assets under management: $10,449,988,183 in the October 2021 data and $4,380,290,405 in the October 2026 data, down 58%. Total employees: 18 in October 2021 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Redwheel serve?**
By number of clients on Form ADV Item 5.D: other (5); investment companies (3); pooled investment vehicles (other than investment companies and business development companies) (3).

**Which custodians does Redwheel use?**
Redwheel's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists JP Morgan, State Street Australia Limited and State Street Corporation as custodians holding 10% or more of its separately managed account assets.

**Does Redwheel 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/166517

**What changed in Redwheel's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 17 to 14. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- JP Morgan
- State Street Australia Limited
- State Street Corporation

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.

### Regulatory assets under management (Item 5.F)
- Total: $4,380,290,405
- Discretionary: $4,380,290,405
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 3 | $481,224,000 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $1,531,286,811 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 5 | $2,367,779,594 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2013 (13 years)
- Employees: 22 total, 14 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- redwheel.com
- LinkedIn @redwheel

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $10,449,988,183 | 18 | August 23, 2021 |
| October 2022 | $9,938,736,506 | 19 | September 29, 2022 |
| October 2023 | $7,260,889,944 | 20 | March 21, 2023 |
| October 2024 | $7,571,088,851 | 21 | March 19, 2024 |
| October 2025 | $4,481,766,794 | 29 | March 14, 2025 |
| October 2026 | $4,380,290,405 | 22 | March 25, 2026 |

Regulatory assets under management: $10,449,988,183 in the October 2021 data and $4,380,290,405 in the October 2026 data, down 58%.
Total employees: 18 in October 2021 and 22 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 17 to 14.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Redwheel (CRD 166517): Form ADV filing data as of October 2026.