# Winthrop Capital Management

> Winthrop Capital Management is an SEC-registered investment advisory firm in Carmel, IN, registered since 2010, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 145216
- Filed as: WINTHROP CAPITAL MANAGEMENT
- Legal name: Winthrop Capital Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Carmel, IN
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/145216
- AdvisorCensus page: https://advisorcensus.com/firm/winthrop-capital-management-carmel-in-145216

## Quick answers

**How is Winthrop Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), Winthrop Capital Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is Winthrop Capital Management located?**
Winthrop Capital Management's principal office is in Carmel, IN, according to its Form ADV.

**Is Winthrop Capital Management registered with the SEC or a state?**
Winthrop Capital Management is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 145216.

**How much does Winthrop Capital Management manage?**
Winthrop Capital Management reports $3,973,913,830 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Winthrop Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Winthrop Capital Management: Regulatory assets under management: $3,941,455,608 in the October 2021 data and $3,973,913,830 in the October 2026 data, up 1%. Total employees: 22 in October 2021 and 29 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Winthrop Capital Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (406); high net worth individuals (60); insurance companies (25).

**Which custodians does Winthrop Capital Management use?**
Winthrop Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists State Street Global Markets, LLC and Stifel, Nicolaus & Company, Incorporated as custodians holding 10% or more of its separately managed account assets.

**Does Winthrop Capital 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/145216

**What changed in Winthrop Capital Management's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 8 to 9.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- State Street Global Markets, LLC
- Stifel, Nicolaus & Company, Incorporated

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: $3,973,913,830
- Discretionary: $3,973,913,830
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 406 | $216,544,904 |
| High net worth individuals | 60 | $180,561,382 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $185,363,918 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 10 | $62,633,433 |
| Charitable organizations | 7 | $9,347,165 |
| Insurance companies | 25 | $3,147,640,329 |
| Corporations or other businesses not listed above | 20 | $171,822,699 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2010 (16 years)
- Employees: 29 total, 9 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CA, FL, GA, IL, IN, MI, NC, NY, OH, SC, TN, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- open.spotify.com/show/7fP72v9CYmoSurk9v2LHzc
- winthropcm.com
- winthropis.com
- LinkedIn @winthrop-capital-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,941,455,608 | 22 | August 18, 2021 |
| October 2022 | $4,474,430,179 | 24 | March 29, 2022 |
| October 2023 | $2,833,486,915 | 26 | March 27, 2023 |
| October 2024 | $3,796,591,805 | 27 | March 28, 2024 |
| October 2025 | $3,896,633,452 | 25 | March 26, 2025 |
| October 2026 | $3,973,913,830 | 29 | March 27, 2026 |

Regulatory assets under management: $3,941,455,608 in the October 2021 data and $3,973,913,830 in the October 2026 data, up 1%.
Total employees: 22 in October 2021 and 29 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 8 to 9.

### January 2026
- No longer registered or notice-filed in WI.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Winthrop Capital Management (CRD 145216): Form ADV filing data as of October 2026.