DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Registered advisor

Penny Jean Paugh

Inspire Advisors, LLCindependent RIATroutman, Nc IA-onlyIAPD 2756025

Chartered Financial Consultant

Feed of 09/14/2026

Also filed as Penny Jean Paugh

At current firm

0 y

since Jan 2, 2026

In the industry

30 y

since Jul 2, 1996 (earliest exam, job or registration)

Prior registered firms

IAPD previous registrations

State registrations

current, as an IAR

Firms today

current registrations

Exams

S63, S65

IA exams only

Book size

not public

not estimated here

Signals

dated events on this person

Registration history

IAPD current and previous registrations

Inspire Advisors, LLC independent RIA current
since Jan 2, 2026 · Troutman, Nc
Cwm, LLC BD affiliated
Mar 15, 2018 to Dec 31, 2025 · Mooresville, Nc
Ifg Advisory, LLC independent RIA
Aug 25, 2017 to Mar 19, 2018 · Mooresville, Nc
LPL Financial LLC BD affiliated
Oct 30, 2012 to Aug 25, 2017 · Mooresville, Nc
Merrill Lynch, Pierce, Fenner & Smith Incorporated wirehouse
Oct 23, 2009 to Nov 2, 2010 · Statesville, Nc
Banc Of America Investment Services, Inc. unclassified
May 12, 1998 to Oct 23, 2009 · Statesville, Nc

Moves

a registration end followed by a registration begin elsewhere

Cwm, LLC to Inspire Advisors, LLC
left Dec 31, 2025, registered Jan 2, 2026 (2 days) · Affiliated broker-dealer or bank to independent RIA · moved with a team
Ifg Advisory, LLC to Cwm, LLC
left Mar 19, 2018, registered Mar 15, 2018 (-4 days) · Other · moved with a team
LPL Financial LLC to Ifg Advisory, LLC
left Aug 25, 2017, registered Aug 25, 2017 (0 days) · Other
Merrill Lynch, Pierce, Fenner & Smith Incorporated to LPL Financial LLC
left Nov 2, 2010, registered Oct 30, 2012 (728 days) · Other
Banc Of America Investment Services, Inc. to Merrill Lynch, Pierce, Fenner & Smith Incorporated
left Oct 23, 2009, registered Oct 23, 2009 (0 days) · corporate re-registration, not a move

Signals

Penny Jean Paugh left Cwm, Llc for Inspire Advisors, Llc (registered 2026-01-02)
Dec 31, 2025 · Advisor changed firm · fact

Transition signals

Mobility scoring is not published yet. The observable conditions this page will draw on once the historical validation is done: tenure, the firm’s own departures and ownership changes, new state registrations, a new adviser entity with this person on Schedule A, and colleagues’ moves. Until precision and lead time are measured on known moves, no label is printed. Read the methodology.

Provenance

Source: IAPD individual compilation feedreportedadviserinfo.sec.gov
Firm class: Independent wealth managerderived
Years in industry: 30derivedfrom the earliest dated exam, employment or registration
Not published: disclosure flags, outside business text, branch street address