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RIA / WealthRegistered adviserformer SEC adviserleft the SEC rosterRAUM 100m 1b

WMBC

WEALTH MANAGEMENT & BUSINESS CONCEPTS, CRD 124462

IRVINE, 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:60c439c8-063b-8029-e339-d4a6ef46ebc0

Data as of Jan 7, 2025 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 3:38 AM UTC and rebuilt at most every 15 minutes.

Relationships: 11
Dated events: 7
On other graphs: 0
Observed: Mar 16, 2012 to Jan 7, 2025
19 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: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $116MItem 5.F on the latest filing (2025-01-07); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $56.8M
Private client RAUM: $108MderivedItem 5.D individuals plus high net worth individuals
Private client share: 93%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 3
Advisory employees: 3
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 648
Individual clients: 75
High net worth clients: 40
Custody, client assets: $4.0M
SEC number: 801-80426
CRD: 124462
Filings on the tape: 19
First filed: Mar 16, 2012
Latest filed: Jan 7, 2025
Organised: Corporation, CA
Website: wmbc.financial

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
COLES, DAVID, SCOTT	CHIEF EXECUTIVE OFFICER	E	yes	11/2002	Mar 16, 2012	Feb 22, 2024
COLES, DAVID, SHELDON	CHIEF COMPLIANCE OFFICER AND PRESIDENT	B	yes	06/2020	Mar 16, 2012	Feb 22, 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
SCOTT COLES	n/a	n/a	n/a	Y	no	n/a

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 11 of 12

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2024	Jan 7, 2025	$116M	$56.8M	3	3	0	n/a	n/a
2023	Feb 22, 2024	$116M	$56.8M	3	3	0	n/a	n/a
2022	Mar 20, 2023	$98.1M	$37.6M	6	4	0	n/a	n/a
2021	Mar 16, 2022	$106M	$35.0M	6	4	0	n/a	n/a
2020	Mar 17, 2021	$112M	$10.2M	6	3	0	n/a	n/a
2019	Mar 31, 2020	$94.6M	$0	6	3	0	n/a	n/a
2018	Apr 1, 2019	$96.6M	$0	4	4	0	n/a	n/a
2017	Sep 28, 2017	$98.6M	$0	4	2	n/a	n/a	n/a
2016	Aug 29, 2016	$102M	$0	6	5	n/a	n/a	n/a
2015	Sep 1, 2015	$104M	$0	4	3	n/a	n/a	n/a
2011	Mar 16, 2012	$43.3M	$0	n/a	n/a	n/a	n/a	n/a

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	$116M	$116M	0.0%	$106M	3.3%	3	3	0	0

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
Farther	2	Mar 22, 2025	Dec 20, 2024	IRVINE, CA	Team lift out	RIA to RIA	66.7%

Relationships

Registered with (5)

← DAVID SCOTT COLESAdvisorregistration: previous registration
Feb 27, 2015 to Mar 22, 2025factForm ADV
← Mickey Mitsuo PayneAdvisorregistration: previous registration
May 19, 2021 to Mar 22, 2025factForm ADV
← DAVID SHELDON COLESAdvisorregistration: previous registration
Feb 26, 2015 to Mar 22, 2025factForm ADV
← Kenneth Francis GalanisAdvisorregistration: previous registration
Mar 18, 2022 to Feb 26, 2024factForm ADV
← ARAN GARIS SAHAGUNAdvisorregistration: previous registration
Feb 26, 2015 to Apr 25, 2017factForm ADV

Moved with (1)

→ FARTHERRegistered adviser2 advisors, team lift out, same day
Mar 22, 2025 to Dec 20, 2024factForm ADV

Controls (2)

← COLES, DAVID, SCOTTOwnerCHIEF EXECUTIVE OFFICER, ownership code E, individual
Mar 16, 2012 to Feb 22, 2024factForm ADV
← COLES, DAVID, SHELDONOwnerCHIEF COMPLIANCE OFFICER AND PRESIDENT, ownership code B, individual
Mar 16, 2012 to Feb 22, 2024factForm ADV

Dated events

Occurred
May 2, 2025
Left the SEC roster
Wmbc no longer on the SEC adviser roster (last listed 2025-03-06, RAUM $116.2M)
Form ADVobserved 5 days ago
$116M
Occurred
Mar 22, 2025
Team lift-out
2 advisors left Wmbc (Irvine, CA) for Farther on the same day
Form ADVobserved 4 days ago
2 advisors
Occurred
Mar 22, 2025
Advisor changed firm
David Scott Coles left Wmbc for Farther (registered 2024-12-20)
Form ADVobserved 5 days ago
Occurred
Mar 22, 2025
Advisor changed firm
David Sheldon Coles left Wmbc for Farther (registered 2024-12-19)
Form ADVobserved 5 days ago
Occurred
Mar 22, 2025
Advisor changed firm
Mickey Mitsuo Payne left Wmbc for Advisors On Call (registered 2025-09-08)
Form ADVobserved 5 days ago
Occurred
Feb 26, 2024
Advisor changed firm
Kenneth Francis Galanis left Wmbc for Lpl Financial Llc (registered 2024-03-04)
Form ADVobserved 5 days ago
Occurred
Sep 26, 2014
First Form ADV filing
Wealth Management & Business Concepts filed its initial SEC registration (Form ADV)
Form ADVobserved 5 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:60c439c8-063b-8029-e339-d4a6ef46ebc0
First observed: Mar 16, 2012
Last observed: Jan 7, 2025 20 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.

WMBC

WEALTH MANAGEMENT & BUSINESS CONCEPTS, CRD 124462

IRVINE, 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:60c439c8-063b-8029-e339-d4a6ef46ebc0

Data as of Jan 7, 2025 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 3:38 AM UTC and rebuilt at most every 15 minutes.

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

COLES, DAVID, SCOTT

CHIEF EXECUTIVE OFFICER

yes

11/2002

Mar 16, 2012

Feb 22, 2024

COLES, DAVID, SHELDON

CHIEF COMPLIANCE OFFICER AND PRESIDENT

yes

06/2020

Mar 16, 2012

Feb 22, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

SCOTT COLES

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2024

Jan 7, 2025

$116M

$56.8M

n/a

2023

Feb 22, 2024

$116M

$56.8M

n/a

2022

Mar 20, 2023

$98.1M

$37.6M

n/a

2021

Mar 16, 2022

$106M

$35.0M

n/a

2020

Mar 17, 2021

$112M

$10.2M

n/a

2019

Mar 31, 2020

$94.6M

n/a

2018

Apr 1, 2019

$96.6M

n/a

2017

Sep 28, 2017

$98.6M

n/a

2016

Aug 29, 2016

$102M

n/a

2015

Sep 1, 2015

$104M

n/a

2011

Mar 16, 2012

$43.3M

n/a

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2024

$116M

0.0%

$106M

3.3%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

Farther

Mar 22, 2025

Dec 20, 2024

IRVINE, CA

Team lift out

RIA to RIA

66.7%