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The Winthrop Corporation: investment adviser
The Winthrop Corporation is an investment adviser registered with the SEC (file 801-2501, CRD 105273). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.
- Assets managed
- –
- Discretionary
- –
- Accounts
- –
- Employees
- 21
- In advisory roles
- 8
- Disclosures
- 0
SEC adviser record · Full Form ADV (PDF)
The firm reports no custody of client cash or securities.
Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.
Clients and fees
Whom the firm advises and how it is paid, from Items 5.D, 5.E and 5.G.
No client types read.
How it is paid
- Other: Reimbursement for research expenses
Services
- Publication of periodicals or newsletters
- Security ratings or pricing services
- Other: INVESTMENT RESEARCH
Who owns it
Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.
Indirect owners (Schedule B)
| Owner | Owns a stake in | Type | Stake | Control | Public company |
|---|---|---|---|---|---|
| Amit Sharadchandra Khandwala | Khandwala | Person | E 75% or more | Yes |
Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.
Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.
Disciplinary history
The firm answered No to every disciplinary question on Form ADV (Item 11).
The brochure
Form ADV Part 2A: the plain-language document an adviser must give its clients. Each item is shown as filed; open an item to read all of it.
03 2026 TWC ADV Part 2A Final, filed Mar 16, 2026. Brochure PDF. Items: 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18
Item 4. Advisory business
Organized in 1955, The Winthrop Corporation (“TWC”) had been providing investment advisory services under the trade name Wright Investors’ Service since 1961. TWC is a wholly-owned subsidiary of Khandwala Capital Management, Inc. Early in 1996, management of TWC decided to incorporate Wright Investors’ Service, Inc. (“Wright”) as a wholly-owned subsidiary. Since all personnel remained employees of TWC, TWC became registered with the SEC under the related adviser exemption, Wright contracts with TWC for TWC employees to perform all work for Wright. TWC has zero regulatory assets under management as of December 31, 2025. TWC’s only advisory client is Wright.
Read the rest of Item 4 (58 more words)
In addition to leasing its employees to Wright, TWC also provides Wright with research services, which Wright uses in providing investment advisory services to its clients. This research includes financial information, profiles and analyses on over 46,000 of the world’s leading publicly owned companies. The data is updated continuously, providing a nearly real-time view of global corporate activity.
Item 5. Fees and compensation
TWC is reimbursed by Wright for the use of TWC’s employees.
Item 6. Performance-based fees and side-by-side management
TWC does not manage assets and therefore does not charge any performance-based fees.
Item 7. Types of clients
TWC’s only investment advisory client is Wright, a federally registered investment adviser.
Page | 1
Item 8. Methods of analysis, investment strategies and risk of loss
One of TWC’s basic research tools is a database of corporate fundamental information, one of the most extensive databases in the investment industry. This database provides detailed financial information on the world’s leading publicly-owned corporations. In addition to generating profiles and analyses of these companies, TWC screens them using defined fundamental criteria. Most companies are assigned a Quality Rating, based on investment acceptance, financial strength, profitability and stability, and growth. TWC does not implement any investment strategies.
Item 9. Disciplinary information
Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of TWC. TWC has no information applicable to this Item.
Item 10. Other financial industry activities and affiliations
TWC is the parent company of Wright, a federally registered investment adviser. Wright is the sole member of another federally registered investment adviser, Wright Private Asset Management, LLC, which primarily serves individual clients. TWC is also the parent company of Wright Investors’ Service Distributors, Inc. (“WISDI”), a SECregistered Broker-Dealer and FINRA member. Certain executives, officers, and employees of TWC are also registered representatives of WISDI.
Item 11. Code of ethics, participation in client transactions and personal trading
TWC’s management is committed to the principles of integrity and honesty in all of its business transactions, and expects all of its officers, directors, and employees to adhere to these ideals in practice. Since TWC’s employees perform services for Wright, compliance with Wright’s Code of Ethics is deemed compliance with TWC’s Code of Ethics. Under the Code of Ethics, employees must, at all times, place the interests of Wright’s clients first. Employees may not in any respect take advantage of client transactions. While personnel of Wright are permitted to invest in securities for their own Page | 2
Read the rest of Item 11 (89 more words)
accounts, most transactions are subject to many restrictions, including preclearance procedures and reporting requirements. Eligible trades that require pre-approval are reviewed by Wright’s Chief Investment Officer or Co-Chief Investment Officer prior to an employee being allowed to place a trade. Wright’s Chief Compliance Officer is charged with oversight of all aspects of the Code. Currently, a copy of the Code of Ethics may be requested without charge by contacting us at 203.783.4400 or by writing to us at The Winthrop Corporation, 2 Corporate Drive, Suite 770, Shelton, CT 06484.
Item 12. Brokerage practices
TWC does not select or utilize brokers.
Item 13. Review of accounts
TWC does not review client accounts or financial plans.
Item 14. Client referrals and other compensation
TWC does not receive economic benefits from non-clients for providing investment advice or other advisory services to clients.
Item 15. Custody
TWC does not maintain custody of client assets.
Item 16. Investment discretion
TWC does not accept discretionary authority to manage client assets. Page | 3
Item 17. Voting client securities
TWC does not and will not accept authority to vote client securities.
Item 18. Financial information
TWC has no financial commitment that impairs its ability to meet contractual and fiduciary commitments to clients and has not been the subject of a bankruptcy proceeding.
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Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.