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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 100m 1b

DOWNTOWN WEALTH STUDIOS, LLC

CRD 325213

MIAMI, FL

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:eef018ce-96db-eeff-6290-0135e37a350e

Data as of Mar 11, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 4:57 AM UTC and rebuilt at most every 15 minutes.

Relationships: 9
Dated events: 9
On other graphs: 0
Observed: Feb 1, 2023 to Mar 11, 2026
10 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=0.98 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $563MItem 5.F on the latest filing (2026-03-11); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $41.4M
Private client RAUM: $551MderivedItem 5.D individuals plus high net worth individuals
Private client share: 98%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 4
RAUM per advisor: $141Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 5
Advisory employees: 4
Offices: 8Schedule D 1.F, beyond the principal office
Accounts: 135
Individual clients: 9
High net worth clients: 36
Custody, client assets: $45.9M
SEC number: 801-127415
CRD: 325213
Filings on the tape: 10
First filed: Feb 1, 2023
Latest filed: Mar 11, 2026
Organised: Limited Liability Company, FL

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
Dinghao Jiang	Chartered Financial Analyst	Wellesley, MA \| MIAMI, FL	3	13	1	no
KATHLEEN Denney CEFALU	n/a	Ipswich, MA \| MIAMI, FL	3	10	1	no
Joseph Christopher Cefalu	n/a	Miami, FL	3	27	n/a	no
Thomas Cefalu	n/a	New York, NY \| MIAMI, FL	1	10	n/a	no

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
Cefalu, Joseph, Christopher	MANAGING MEMBER	E	yes	03/2023	Mar 17, 2023	Sep 18, 2024
Cefalu, Joseph, Christopher	MANAGING PARTNER, CHIEF COMPLIANCE OFFICER	Na	yes	03/2023	Mar 17, 2023	Sep 18, 2024
CREATIVE WEALTH COLLABORATION LLC	MANAGING MEMBER/HOLDING COMPANY	E	yes	01/2023	Feb 1, 2023	Sep 18, 2024

Offices

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

City	State	Country	Employees	Also broker-dealer
BEVERLY HILLS	CA	United States	1	no
Miami	FL	United States	1	no
Cambridge	Ma	United States	1	no
NEW YORK	NY	United States	1	no
n/a	n/a	n/a	1	no
Scottsdale	Az	United States	0	no

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

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 11, 2026	$563M	$41.4M	5	4	8	n/a	n/a
2024	Mar 11, 2025	$635M	$19.7M	6	4	10	n/a	n/a
2023	Mar 11, 2024	$886M	$20.0M	5	4	9	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	1	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
2025	$563M	$635M	-11.3%	n/a	n/a	5	6	8	10

Teams in

teams that arrived here from one firm together

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED	2	Mar 20, 2023	Apr 18, 2023	NEW YORK, NY	Team lift out	Wirehouse to new firm	0.0%

Relationships

Registered with (5)

← Thomas CefaluAdvisorregistration: current employment
Aug 18, 2025 to presentfactForm ADV
← Joseph Christopher CefaluAdvisorregistration: current employment
May 5, 2023 to presentfactForm ADV
← KATHLEEN Denney CEFALUAdvisorregistration: current employment
Apr 18, 2023 to presentfactForm ADV
← Dinghao JiangAdvisorregistration: current employment
Apr 5, 2023 to presentfactForm ADV
← Jorge CardenasAdvisorregistration: previous registration
Feb 13, 2024 to Aug 1, 2025factForm ADV

Controls (2)

← Cefalu, Joseph, ChristopherOwnerMANAGING MEMBER, ownership code E, individual
Mar 17, 2023 to Sep 18, 2024factForm ADV
← CREATIVE WEALTH COLLABORATION LLCOwnerMANAGING MEMBER/HOLDING COMPANY, ownership code E, domestic entity
Feb 1, 2023 to Sep 18, 2024factForm ADV

Moved with (1)

← MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATEDRegistered adviser2 advisors, team lift out
Mar 20, 2023 to Apr 18, 2023factForm ADV

Dated events

1 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Aug 1, 2025
Advisor changed firm
Jorge Cardenas left Downtown Wealth Studios, Llc for Schwab Wealth Advisory, Inc. (registered 2025-08-21)
Form ADVobserved 4 days ago
Occurred
Mar 11, 2025
Regulatory AUM changed
Downtown Wealth Studios, Llc reported RAUM $635.0M, down 28% from $886.3M (2024-09-18 to 2025-03-11)
Form ADVobserved 4 days ago
$-251M
Occurred
Feb 12, 2024
Regulatory AUM changed
Downtown Wealth Studios, Llc reported RAUM $747.2M, up 181% from $266.3M (2023-06-30 to 2024-02-12)
Form ADVobserved 4 days ago
$481M
Occurred
Mar 20, 2023
Team lift-out
2 advisors left Merrill Lynch, Pierce, Fenner & Smith Incorporated (New York, NY) for Downtown Wealth Studios, LLC a day apart
Form ADVobserved 3 days ago
2 advisors
Occurred
Mar 17, 2023
Succession filed (Item 4)
Downtown Wealth Studios Group Llc reported succeeding to the business of Another Adviser (Form ADV Item 4)
Form ADVobserved 4 days ago
Occurred
Mar 17, 2023
Control person joined
Christopher Joseph Cefalu (Managing Partner, Chief Compliance Officer) appeared on Schedule A of Downtown Wealth Studios, Llc
Form ADVobserved 4 days ago
Occurred
Mar 17, 2023
Control person left
Nmn Corey Kupfer (Managing Member) no longer on Schedule A of Downtown Wealth Studios, Llc (listed 2023-02-10, absent 2023-03-17)
Form ADVobserved 4 days ago
Occurred
Feb 1, 2023
First Form ADV filing
Downtown Wealth Studios Group Llc filed its initial SEC registration (Form ADV)
Form ADVobserved 4 days ago

Show 1 bookkeeping events

Occurred
Mar 17, 2023
Downtown Wealth Studios, Llc reported 7 offices beyond its principal office, up from 0 (2023-02-10 to 2023-03-17)

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:eef018ce-96db-eeff-6290-0135e37a350e
First observed: Feb 1, 2023
Last observed: Mar 11, 2026 6 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.

DOWNTOWN WEALTH STUDIOS, LLC

CRD 325213

MIAMI, FL

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:eef018ce-96db-eeff-6290-0135e37a350e

Data as of Mar 11, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 4:57 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

Dinghao Jiang

Chartered Financial Analyst

Wellesley, MA | MIAMI, FL

KATHLEEN Denney CEFALU

n/a

Ipswich, MA | MIAMI, FL

Joseph Christopher Cefalu

n/a

Miami, FL

n/a

Thomas Cefalu

n/a

New York, NY | MIAMI, FL

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

Cefalu, Joseph, Christopher

MANAGING MEMBER

yes

03/2023

Mar 17, 2023

Sep 18, 2024

Cefalu, Joseph, Christopher

MANAGING PARTNER, CHIEF COMPLIANCE OFFICER

yes

03/2023

Mar 17, 2023

Sep 18, 2024

CREATIVE WEALTH COLLABORATION LLC

MANAGING MEMBER/HOLDING COMPANY

yes

01/2023

Feb 1, 2023

Sep 18, 2024

City

State

Country

Employees

Also broker-dealer

BEVERLY HILLS

United States

Miami

United States

Cambridge

United States

NEW YORK

United States

n/a

Scottsdale

United States

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 11, 2026

$563M

$41.4M

n/a

2024

Mar 11, 2025

$635M

$19.7M

n/a

2023

Mar 11, 2024

$886M

$20.0M

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

2025

$563M

$635M

-11.3%

n/a

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

Mar 20, 2023

Apr 18, 2023

NEW YORK, NY

Team lift out

Wirehouse to new firm

0.0%