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
Michael Espinoza
Feed of 09/15/2026
Also filed as Michael Lee Espinoza
At current firm
0 y
since Sep 14, 2026
In the industry
22 y
since Feb 27, 2004 (earliest exam, job or registration)
Prior registered firms
4
IAPD previous registrations
State registrations
1
current, as an IAR
Firms today
1
current registrations
Exams
S66
IA exams only
Book size
not public
not estimated here
Signals
1
dated events on this person
Registration history
IAPD current and previous registrations
- State Farm Investment Management Corp. asset manager currentsince Sep 14, 2026 · Bay City, Mi
- Cwm, LLC BD affiliatedDec 16, 2025 to Jul 22, 2026 · Saginaw, Mi
- Cetera Investment Advisers LLC BD affiliatedAug 4, 2011 to Dec 31, 2025 · Saginaw, Mi
- Gto Capital Group LLC unclassifiedFeb 10, 2010 to Dec 31, 2011 · Bay City, Mi
- Merrill Lynch, Pierce, Fenner & Smith Incorporated wirehouseJan 11, 2005 to Nov 3, 2008 · Saginaw, Mi
Moves
a registration end followed by a registration begin elsewhere
- Cwm, LLC to State Farm Investment Management Corp.left Jul 22, 2026, registered Sep 14, 2026 (54 days) · Other
- Cetera Investment Advisers LLC to Cwm, LLCleft Dec 31, 2025, registered Dec 16, 2025 (-15 days) · Affiliated broker-dealer or bank to another
- Gto Capital Group LLC to Cetera Investment Advisers LLCleft Dec 31, 2011, registered Aug 4, 2011 (-149 days) · Other
- Merrill Lynch, Pierce, Fenner & Smith Incorporated to Gto Capital Group LLCleft Nov 3, 2008, registered Feb 10, 2010 (464 days) · Other
Signals
- Michael Espinoza registered as an investment adviser representative at State Farm Investment Management Corp.Sep 14, 2026 · Advisor registered · 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
- Asset manager (funds and pooled vehicles)derived
- Years in industry
- 22derivedfrom the earliest dated exam, employment or registration
- Not published
- disclosure flags, outside business text, branch street address