DFX Intelligence

Data Factory

RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 1b 10b

FINANCIAL MANAGEMENT NETWORK INC

CRD 110454

MISSION VIEJO, CA

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:52bbad03-302d-8c11-21c4-05a9b418f4fc

Data as of Dec 19, 2025 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 1:23 PM UTC and rebuilt at most every 15 minutes.

Relationships: 40
Dated events: 5
On other graphs: 0
Observed: May 1, 2012 to Dec 19, 2025
44 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: independent wealth managerderivedprivate_client_share=0.71 fund_share=0.0 institutional_share=0.29 related_bd=true related_bank=false bd_reps=21.0
Regulatory AUM: $2.1BItem 5.F on the latest filing (2025-12-19); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $1.6B
Private client RAUM: $1.5BderivedItem 5.D individuals plus high net worth individuals
Private client share: 71%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 21
RAUM per advisor: $102Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 50
Advisory employees: 21
Offices: 2Schedule D 1.F, beyond the principal office
Accounts: 4,474
Individual clients: 919
High net worth clients: 460
SEC number: 801-40473
CRD: 110454
Filings on the tape: 44
First filed: May 1, 2012
Latest filed: Dec 19, 2025
Organised: Corporation, CA
Website: fmnbenefits.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
MATTHEW SCOTT MERWIN	Certified Financial Planner	ORLANDO, FL	34	36	n/a	yes
CURTIS STEVEN FARRELL	Certified Financial Planner	MISSION VIEJO, CA	29	41	n/a	yes
MARK FORREST DONAHUE	Certified Financial Planner\|Chartered Financial Consultant	MISSION VIEJO, CA	28	32	n/a	yes
RICHARD JAMES RANG	Certified Financial Planner	MISSION VIEJO, CA	21	31	n/a	yes
LISA LYNN BANNING	n/a	MISSION VIEJO, CA	21	27	n/a	yes
KEVIN LEE DARGER	n/a	MISSION VIEJO, CA	20	31	n/a	yes
TRACY REINHOLD OLSON	n/a	MISSION VIEJO, CA	18	36	n/a	yes
MATTHEW SCOTT CONNER	Certified Financial Planner	MISSION VIEJO, CA	17	30	2	yes
JOSEPH ANTHONY CAVALLO	n/a	MISSION VIEJO, CA	17	19	n/a	yes
JEFFREY MACDONALD HOLT	n/a	MISSION VIEJO, CA	16	41	1	yes
STEVE JAMES FRIEDMAN	n/a	MISSION VIEJO, CA \| LAGUNA HILLS, CA	15	33	1	yes
JEFFREY GEORGE MERWIN	n/a	MISSION VIEJO, CA	12	17	n/a	yes
MATTHEW MICHAEL MERWIN	Certified Financial Planner	MISSION VIEJO, CA	9	15	n/a	yes
ARAN GARIS SAHAGUN	n/a	MISSION VIEJO, CA	9	23	3	yes
John Michael Randall	n/a	Cedar park, TX	7	30	4	no
MATTHEW AARON JORDAN	Certified Financial Planner	MISSION VIEJO, CA	5	11	n/a	yes
NICHOLAS JOSEPH CAVALLO	n/a	MISSION VIEJO, CA	5	16	n/a	yes
JOSHUA DAVID VALDIVIA	Certified Financial Planner	MISSION VIEJO, CA	5	12	n/a	yes
JEFFREY DAVID STANGA	n/a	MISSION VIEJO, CA	4	20	1	yes
JOHN J MERWIN	n/a	MISSION VIEJO, CA	2	10	n/a	yes
BRANDON CHARLES DECAPITE	n/a	MISSION VIEJO, CA	1	18	n/a	yes

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
JEFFREY G MERWIN IRREVOCABLE TRUST,	Trust	C	yes	12/2021	Dec 19, 2025	Dec 19, 2025
MATTHEW M. MERWIN IRREVOCABLE TRUST	Trust	C	yes	12/2021	Dec 19, 2025	Dec 19, 2025
MERWIN, MATTHEW, MICHAEL	MANAGING PARTNER/TRUSTEE	Na	yes	12/2021	Dec 19, 2025	Dec 19, 2025
JEFFREY G MERWIN IRREVOCABLE TRUST, DATED DECEMBER 29, 2021	Trust	C	yes	12/2021	Jan 9, 2022	Dec 18, 2024
JOHN J MERWIN IRREVOCABLE TRUST, DATED DECEMBER 28, 2021	Trust	Na	yes	12/2021	Jan 9, 2022	Dec 18, 2024
MATTHEW M. MERWIN IRREVOCABLE TRUST DATED DECEMBER 28, 2021	Trust	C	yes	12/2021	Jan 9, 2022	Dec 18, 2024
MERWIN FAMILY TRUST DATED APRIL 5, 2001	Trust	B	yes	12/2021	May 1, 2012	Dec 18, 2024
MERWIN, JEFFREY, GEORGE	MANAGING PARTNER/TTEE"/CHIEF COMPLIANCE OFFICER	Na	yes	12/2021	Jul 19, 2016	Dec 18, 2024
FMN ESOP UTD 09/22/2006	TRUST COMPLIANCE OFFICER	B	no	03/2008	Dec 19, 2025	Dec 19, 2025
MERWIN, JOHN, J	Trustee	Na	no	12/2021	Dec 19, 2025	Dec 19, 2025
MERWIN, MATTHEW, SCOTT	MANAGING PARTNER / ADVISORY BOARD MEMBER	Na	no	12/2021	Dec 19, 2025	Dec 19, 2025
MERWIN, KATHY, JANE	Trustee	D	no	04/2001	May 1, 2012	Dec 18, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
FMN CAPITAL CORPORATION	n/a	n/a	n/a	N	yes	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
n/a	n/a	n/a	1	yes

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line; showing 13 of 14

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2024	Apr 21, 2025	$1.8B	$1.4B	49	21	1	n/a	n/a
2023	Dec 22, 2023	$1.5B	$1.1B	48	21	1	n/a	n/a
2022	Dec 21, 2022	$1.3B	$987M	47	21	1	n/a	n/a
2021	Dec 23, 2021	$1.5B	$1.1B	43	21	1	n/a	n/a
2020	Jan 4, 2021	$1.2B	$909M	45	22	1	n/a	n/a
2019	Dec 24, 2019	$987M	$772M	49	22	1	n/a	n/a
2018	Dec 21, 2018	$696M	$696M	20	20	1	n/a	n/a
2017	Dec 20, 2017	$781M	$781M	19	19	2	n/a	n/a
2016	Dec 16, 2016	$855M	$855M	19	19	n/a	n/a	n/a
2015	Dec 18, 2015	$688M	$688M	21	21	n/a	n/a	n/a
2014	Dec 24, 2014	$701M	$646M	21	21	n/a	n/a	n/a
2013	Dec 23, 2013	$530M	$504M	19	19	n/a	n/a	n/a
2012	Jan 2, 2013	$432M	$413M	19	19	n/a	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	0	1

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2024	$2.1B	$1.5B	45.0%	$1.5B	12.3%	50	48	2	1

Teams out

two or more advisors whose registrations ended here and began at one firm together: a fact of two dates, not a prediction

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
LEVEL FOUR ADVISORY SERVICES	2	Dec 8, 2016	Sep 30, 2016	MISSION VIEJO, CA	Team lift out	Other	10.0%

Relationships

Registered with (28)

← BRANDON CHARLES DECAPITEAdvisorregistration: current employment
Jan 22, 2025 to presentfactForm ADV
← JOHN J MERWINAdvisorregistration: current employment
Nov 27, 2023 to presentfactForm ADV
← JEFFREY DAVID STANGAAdvisorregistration: previous registration
Jan 9, 2015 to Apr 6, 2021factForm ADV
← JOSHUA DAVID VALDIVIAAdvisorregistration: current employment
Jul 20, 2021 to presentfactForm ADV
← NICHOLAS JOSEPH CAVALLOAdvisorregistration: current employment
Nov 20, 2020 to presentfactForm ADV
← MATTHEW AARON JORDANAdvisorregistration: current employment
Sep 28, 2020 to presentfactForm ADV
← John Michael RandallAdvisorregistration: current employment
Jul 18, 2019 to presentfactForm ADV
← ARAN GARIS SAHAGUNAdvisorregistration: current employment
Apr 25, 2017 to presentfactForm ADV
← MATTHEW MICHAEL MERWINAdvisorregistration: current employment
Nov 1, 2016 to presentfactForm ADV
← JEFFREY GEORGE MERWINAdvisorregistration: current employment
Nov 6, 2013 to presentfactForm ADV
← STEVE JAMES FRIEDMANAdvisorregistration: current employment
Jul 26, 2011 to presentfactForm ADV
← JEFFREY MACDONALD HOLTAdvisorregistration: current employment
Nov 19, 2009 to presentfactForm ADV
← JOSEPH ANTHONY CAVALLOAdvisorregistration: current employment
May 20, 2009 to presentfactForm ADV
← MATTHEW SCOTT CONNERAdvisorregistration: current employment
Oct 16, 2008 to presentfactForm ADV
← TRACY REINHOLD OLSONAdvisorregistration: current employment
Dec 7, 2007 to presentfactForm ADV
← KEVIN LEE DARGERAdvisorregistration: current employment
Apr 25, 2006 to presentfactForm ADV
← RICHARD JAMES RANGAdvisorregistration: current employment
Oct 29, 2004 to presentfactForm ADV
← LISA LYNN BANNINGAdvisorregistration: current employment
Oct 29, 2004 to presentfactForm ADV
← MARK FORREST DONAHUEAdvisorregistration: current employment
Dec 15, 1997 to presentfactForm ADV
← CURTIS STEVEN FARRELLAdvisorregistration: current employment
Jul 8, 1997 to presentfactForm ADV
← MATTHEW SCOTT MERWINAdvisorregistration: current employment
Feb 2, 1992 to presentfactForm ADV
← GARY ARNOLD TICKELAdvisorregistration: previous registration
Dec 10, 2014 to Jun 17, 2024factForm ADV
← TIMOTHY JAMES MERWINAdvisorregistration: previous registration
May 23, 2018 to Oct 21, 2022factForm ADV
← ROBERT PAGLIARINIAdvisorregistration: previous registration
Aug 4, 2009 to Feb 7, 2018factForm ADV
← RYAN MATTHEW MARONEYAdvisorregistration: previous registration
Jan 4, 2007 to Feb 1, 2017factForm ADV
← BART ADRIAN ZANDBERGENAdvisorregistration: previous registration
Jul 8, 1997 to Dec 8, 2016factForm ADV
← RORY JACOB DALE HARTAdvisorregistration: previous registration
Nov 25, 2014 to Dec 8, 2016factForm ADV
← JOHN JOSEPH LINKAdvisorregistration: previous registration
Nov 25, 2014 to Dec 8, 2016factForm ADV

Owns (4)

← MERWIN, MATTHEW, SCOTTOwnerMANAGING PARTNER / ADVISORY BOARD MEMBER, ownership code NA, individual
May 1, 2012 to Dec 18, 2024factForm ADV
← MERWIN, KATHY, JANEOwnerTRUSTEE, ownership code D, individual
May 1, 2012 to Dec 18, 2024factForm ADV
← MERWIN, JOHN, JOwnerTRUSTEE, ownership code NA, individual
Jan 9, 2022 to Dec 18, 2024factForm ADV
← FMN ESOP UTD 09/22/2006OwnerTRUST, ownership code B, domestic entity
May 1, 2012 to Dec 18, 2024factForm ADV

Controls (6)

← MERWIN, JEFFREY, GEORGEOwnerMANAGING PARTNER/TTEE"/CHIEF COMPLIANCE OFFICER, ownership code NA, individual
Jul 19, 2016 to Dec 18, 2024factForm ADV
← MERWIN, MATTHEW, MICHAELOwnerMANAGING PARTNER/TRUSTEE, ownership code NA, individual
Jan 9, 2022 to Dec 18, 2024factForm ADV
← JEFFREY G MERWIN IRREVOCABLE TRUST, DATED DECEMBER 29, 2021OwnerTRUST, ownership code C, domestic entity
Jan 9, 2022 to Dec 18, 2024factForm ADV
← JOHN J MERWIN IRREVOCABLE TRUST, DATED DECEMBER 28, 2021OwnerTRUST, ownership code NA, domestic entity
Jan 9, 2022 to Dec 18, 2024factForm ADV
← MATTHEW M. MERWIN IRREVOCABLE TRUST DATED DECEMBER 28, 2021OwnerTRUST, ownership code C, domestic entity
Jan 9, 2022 to Dec 18, 2024factForm ADV
← MERWIN FAMILY TRUST DATED APRIL 5, 2001OwnerTRUST, ownership code B, domestic entity
May 1, 2012 to Dec 18, 2024factForm ADV

Moved with (1)

→ LEVEL FOUR ADVISORY SERVICESRegistered adviser2 advisors, team lift out, same day
Dec 8, 2016 to Sep 30, 2016factForm ADV

Dated events

Occurred
Jun 17, 2024
Advisor changed firm
Gary Arnold Tickel left Financial Management Network Inc for Futu Wealth Advisors, Inc. (registered 2022-10-04)
Form ADVobserved 6 days ago
Occurred
Oct 21, 2022
Advisor changed firm
Timothy James Merwin left Financial Management Network Inc for Voya Financial Advisors, Inc. (registered 2022-12-08)
Form ADVobserved 6 days ago
Occurred
Jan 9, 2022
Control person joined
Michael Matthew Merwin (Managing Partner/Trustee) appeared on Schedule A of Financial Management Network Inc
Form ADVobserved 6 days ago
Occurred
Dec 23, 2021
Regulatory AUM changed
Financial Management Network Inc reported RAUM $1.5B, up 26% from $1.2B (2021-01-04 to 2021-12-23)
Form ADVobserved 6 days ago
$308M
Occurred
Dec 24, 2019
Regulatory AUM changed
Financial Management Network Inc reported RAUM $986.5M, up 42% from $695.8M (2019-05-12 to 2019-12-24)
Form ADVobserved 6 days ago
$291M

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:52bbad03-302d-8c11-21c4-05a9b418f4fc
First observed: May 1, 2012
Last observed: Dec 19, 2025 9 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

FINANCIAL MANAGEMENT NETWORK INC

CRD 110454

MISSION VIEJO, CA

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:52bbad03-302d-8c11-21c4-05a9b418f4fc

Data as of Dec 19, 2025 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 1:23 PM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

MATTHEW SCOTT MERWIN

Certified Financial Planner

ORLANDO, FL

n/a

yes

CURTIS STEVEN FARRELL

Certified Financial Planner

MISSION VIEJO, CA

n/a

yes

MARK FORREST DONAHUE

Certified Financial Planner|Chartered Financial Consultant

MISSION VIEJO, CA

n/a

yes

RICHARD JAMES RANG

Certified Financial Planner

MISSION VIEJO, CA

n/a

yes

LISA LYNN BANNING

n/a

MISSION VIEJO, CA

n/a

yes

KEVIN LEE DARGER

n/a

MISSION VIEJO, CA

n/a

yes

TRACY REINHOLD OLSON

n/a

MISSION VIEJO, CA

n/a

yes

MATTHEW SCOTT CONNER

Certified Financial Planner

MISSION VIEJO, CA

yes

JOSEPH ANTHONY CAVALLO

n/a

MISSION VIEJO, CA

n/a

yes

JEFFREY MACDONALD HOLT

n/a

MISSION VIEJO, CA

yes

STEVE JAMES FRIEDMAN

n/a

MISSION VIEJO, CA | LAGUNA HILLS, CA

yes

JEFFREY GEORGE MERWIN

n/a

MISSION VIEJO, CA

n/a

yes

MATTHEW MICHAEL MERWIN

Certified Financial Planner

MISSION VIEJO, CA

n/a

yes

ARAN GARIS SAHAGUN

n/a

MISSION VIEJO, CA

yes

John Michael Randall

n/a

Cedar park, TX

MATTHEW AARON JORDAN

Certified Financial Planner

MISSION VIEJO, CA

n/a

yes

NICHOLAS JOSEPH CAVALLO

n/a

MISSION VIEJO, CA

n/a

yes

JOSHUA DAVID VALDIVIA

Certified Financial Planner

MISSION VIEJO, CA

n/a

yes

JEFFREY DAVID STANGA

n/a

MISSION VIEJO, CA

yes

JOHN J MERWIN

n/a

MISSION VIEJO, CA

n/a

yes

BRANDON CHARLES DECAPITE

n/a

MISSION VIEJO, CA

n/a

yes

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

JEFFREY G MERWIN IRREVOCABLE TRUST,

Trust

yes

12/2021

Dec 19, 2025

MATTHEW M. MERWIN IRREVOCABLE TRUST

Trust

yes

12/2021

Dec 19, 2025

MERWIN, MATTHEW, MICHAEL

MANAGING PARTNER/TRUSTEE

yes

12/2021

Dec 19, 2025

JEFFREY G MERWIN IRREVOCABLE TRUST, DATED DECEMBER 29, 2021

Trust

yes

12/2021

Jan 9, 2022

Dec 18, 2024

JOHN J MERWIN IRREVOCABLE TRUST, DATED DECEMBER 28, 2021

Trust

yes

12/2021

Jan 9, 2022

Dec 18, 2024

MATTHEW M. MERWIN IRREVOCABLE TRUST DATED DECEMBER 28, 2021

Trust

yes

12/2021

Jan 9, 2022

Dec 18, 2024

MERWIN FAMILY TRUST DATED APRIL 5, 2001

Trust

yes

12/2021

May 1, 2012

Dec 18, 2024

MERWIN, JEFFREY, GEORGE

MANAGING PARTNER/TTEE"/CHIEF COMPLIANCE OFFICER

yes

12/2021

Jul 19, 2016

Dec 18, 2024

FMN ESOP UTD 09/22/2006

TRUST COMPLIANCE OFFICER

03/2008

Dec 19, 2025

MERWIN, JOHN, J

Trustee

12/2021

Dec 19, 2025

MERWIN, MATTHEW, SCOTT

MANAGING PARTNER / ADVISORY BOARD MEMBER

12/2021

Dec 19, 2025

MERWIN, KATHY, JANE

Trustee

04/2001

May 1, 2012

Dec 18, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

FMN CAPITAL CORPORATION

n/a

yes

n/a

City

State

Country

Employees

Also broker-dealer

n/a

yes

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2024

Apr 21, 2025

$1.8B

$1.4B

n/a

2023

Dec 22, 2023

$1.5B

$1.1B

n/a

2022

Dec 21, 2022

$1.3B

$987M

n/a

2021

Dec 23, 2021

$1.5B

$1.1B

n/a

2020

Jan 4, 2021

$1.2B

$909M

n/a

2019

Dec 24, 2019

$987M

$772M

n/a

2018

Dec 21, 2018

$696M

n/a

2017

Dec 20, 2017

$781M

n/a

2016

Dec 16, 2016

$855M

n/a

2015

Dec 18, 2015

$688M

n/a

2014

Dec 24, 2014

$701M

$646M

n/a

2013

Dec 23, 2013

$530M

$504M

n/a

2012

Jan 2, 2013

$432M

$413M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2024

$2.1B

$1.5B

45.0%

$1.5B

12.3%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

LEVEL FOUR ADVISORY SERVICES

Dec 8, 2016

Sep 30, 2016

MISSION VIEJO, CA

Team lift out

Other

10.0%