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Windmills Capital Inc.
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$4,565,039
This total excludes 1 entity clients. Entities are clients such as corporations, partnerships, or trusts.
Clients
12
0% high-net worth
Advisors
1
of 4 employees
Firm type
Supported
1-3 advisors or $200M+ in AUM
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
12
Very LowAverage account size
$380,420
About
Windmills Capital is a boutique investment adviser founded in 2007 that provides fee‑based portfolio management to individuals and select institutional clients through discretionary and non‑discretionary arrangements. The firm reports a small client base and manages a modest pool of assets while trading a wide set of instruments, including foreign securities, options, futures, mutual funds, and variable life insurance products.
The firm follows a tactical allocation approach intended to reduce risk and pursue improved performance, using fund manager tenure and career track records as part of its selection process and rebalancing or reallocating holdings when needed. Windmills Capital also refers clients to third‑party money managers, offers access to a Risk Management Platform and variable annuities, and states it can advise on assets held offshore and enter performance‑fee arrangements for qualified investors.
Distinctive features include direct distribution agreements with a risk‑management platform (Sanlam) and life and health insurers (Pacific Life, Transamerica), and the firm discloses receiving compensation for those product sales and allocating a portion of its advisory effort to them. The firm’s leadership emphasizes international wealth‑management and compliance experience and the brochure notes advising on offshore assets and a significant non‑U.S. client presence, a mix of capabilities that is uncommon for advisers of this size.
Client services
Portfolio management
Expertise
Active portfolio management
Annuities
Fee options
$0 - $999,999: 1.00% per year $1,000,000 - $4,999,999: 0.75% per year $5,000,000+: 0.50% per year
May receive sales commissions, distribution fees, 12b-1 fees, trail fees, loads, contingent deferred sales charges from third party products such as variable annuities and insurance products.
$200 per hour for consulting services provided by affiliated person Mr. Velasquez.
Performance fee up to 20% of gains per quarter for qualified investors, charged quarterly in arrears.
Account minimum: $100,000 Fee-only: Quarterly advisory fee billed in advance based on net asset value at quarter end; fees are negotiable under unusual circumstances.
Main office location
Windmills Capital Inc.
Delray Beach FL, United States
Number of offices
1
Most active in
Windmills Capital Inc. has reported serving >5 clients in these states in the last 12 months.
Florida
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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