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

Stephan M Farber

Arax Advisory PartnersBD affiliatedNew York, Ny IA-onlyIAPD 4772647

Feed of 09/15/2026

Also filed as Stephen Farber

At current firm

0 y

since Jul 19, 2026

In the industry

22 y

since Jun 17, 2004 (earliest exam, job or registration)

Prior registered firms

IAPD previous registrations

State registrations

current, as an IAR

Firms today

current registrations

Exams

S66

IA exams only

Book size

not public

not estimated here

Signals

dated events on this person

Registration history

IAPD current and previous registrations

Arax Advisory Partners BD affiliated current
since Jul 19, 2026 · Houston, Tx
U.S. Capital Wealth Advisors, LLC BD affiliated
Jan 29, 2025 to Jul 20, 2026 · Houston, Tx
Inscription Capital, LLC independent RIA
Oct 22, 2018 to Feb 24, 2025 · Houston, Tx
Raymond James & Associates, Inc. national BD
Sep 6, 2016 to Oct 26, 2018 · Houston, Tx
Deutsche Bank Securities Inc. no RAUM
Aug 30, 2013 to Sep 6, 2016 · Houston, Tx
Merrill Lynch, Pierce, Fenner & Smith Incorporated wirehouse
May 29, 2009 to Sep 3, 2013 · Houston, Tx
UBS Financial Services Inc. wirehouse
Jun 18, 2004 to Jun 18, 2009 · Houston, Tx

Moves

a registration end followed by a registration begin elsewhere

U.S. Capital Wealth Advisors, LLC to Arax Advisory Partners
left Jul 20, 2026, registered Jul 19, 2026 (-1 days) · corporate re-registration, not a move
Inscription Capital, LLC to U.S. Capital Wealth Advisors, LLC
left Feb 24, 2025, registered Jan 29, 2025 (-26 days) · RIA to affiliated broker-dealer or bank · moved with a team
Raymond James & Associates, Inc. to Inscription Capital, LLC
left Oct 26, 2018, registered Oct 22, 2018 (-4 days) · Affiliated broker-dealer or bank to independent RIA
Deutsche Bank Securities Inc. to Raymond James & Associates, Inc.
left Sep 6, 2016, registered Sep 6, 2016 (0 days) · corporate re-registration, not a move
Merrill Lynch, Pierce, Fenner & Smith Incorporated to Deutsche Bank Securities Inc.
left Sep 3, 2013, registered Aug 30, 2013 (-4 days) · Other
UBS Financial Services Inc. to Merrill Lynch, Pierce, Fenner & Smith Incorporated
left Jun 18, 2009, registered May 29, 2009 (-20 days) · Wirehouse to wirehouse

Signals

Stephan M Farber left Inscription Capital, Llc for U.S. Capital Wealth Advisors, Llc (registered 2025-01-29)
Feb 24, 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: Broker-dealer affiliated wealth managerderived
Years in industry: 22derivedfrom the earliest dated exam, employment or registration
Not published: disclosure flags, outside business text, branch street address