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.
Former SEC-registered adviser
Fai Wealth Management
Legal name Financial Advantage Inc
Latest filing Mar 22, 2023
First filing on the tape Feb 17, 2012 · 48 filings
RAUM
$283M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$283M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
48 filings and snapshots on the tape
RAUM$283M as of Mar 22, 2023
Feb 17, 2012$268M then
HNW client RAUM$234M as of Mar 22, 2023
Mar 30, 2018$285M then
State-registered IARs (5.B.3)2 as of Mar 22, 2023
Feb 17, 20120 then
Employees (5.A)8 as of Mar 22, 2023
Mar 6, 201311 then
Private funds: no history
RAUM -11% over the last fiscal year-10% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 22, 2023; every figure names its basis
- RAUM per advisor
- $141MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 95derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.1MderivedHNW RAUM over HNW clients
- Average account
- $420,426derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 4.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -11%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -0.5%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
- Custody
- $283M, 189 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$234M83%
- Individuals$48.4M17%
- Individual clients
- 79reported
- HNW clients
- 110reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 672reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- $283M for 189 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
- Hope Elliott Campbell to Cwm, LLCDec 4, 2023 · RIA to affiliated broker-dealer or bank
- Skyler D Hutcheson to Cwm, LLCDec 4, 2023 · RIA to affiliated broker-dealer or bank
- Daniel M Kelly to Raymond James & Associates, Inc.Feb 4, 2022 · RIA to affiliated broker-dealer or bank
- Lyn Ann Dippel to Bay Point WealthAug 27, 2020 · RIA to RIA
- Benjamin Zai Min Yeung to Seaborn Financial, LLCMay 27, 2020 · RIA to RIA
- Mary Jeanne Thompson to Reframe Financial Planning, LLCMay 31, 2018 · Other
- Chad Joseph Norfolk to Wms Partners, LLCJan 7, 2014 · Other
- Keith Leon Beverly to New Paradigm Advisory GroupNov 30, 2007 · Other
Joined, latest
- Daniel M Kelly from Advice And Planning ServicesAug 10, 2020 · Other
- Chad Joseph Norfolk from Geier Asset Management IncJul 13, 2006 · Other
- Lyn Ann Dippel from Cambridge Investment Research, Inc.Sep 9, 2004 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Richard Curtis Gross · Chief Investment Officer/Chairmancontrolsince 01/2013 · owns 50% to 75%
- Lee Andrew Smith · Vice President, Chief Operating Officer, Chief Compliance Officercontrolsince 01/2014 · owns 25% to 50%
- O'Neal Mark Stinson · Presidentcontrolsince 03/2016 · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Columbia, Md · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 655 to 672Mar 17, 2022 to Mar 22, 2023
- HNW clients · 124 to 110Mar 17, 2022 to Mar 22, 2023
- Individual clients · 66 to 79Mar 17, 2022 to Mar 22, 2023
- Assets in custody · $318M to $283MMar 17, 2022 to Mar 22, 2023
- Employees · 9 to 8Mar 17, 2022 to Mar 22, 2023
- Discretionary RAUM · $318M to $283MMar 17, 2022 to Mar 22, 2023
- HNW RAUM · $276M to $234MMar 17, 2022 to Mar 22, 2023
- Individual RAUM · $41.6M to $48.4MMar 17, 2022 to Mar 22, 2023
- RAUM · $318M to $283MMar 17, 2022 to Mar 22, 2023
- Accounts · 633 to 655Oct 7, 2021 to Mar 17, 2022
- Advisory employees · 4 to 3Oct 7, 2021 to Mar 17, 2022
- HNW clients · 116 to 124Oct 7, 2021 to Mar 17, 2022
- Individual clients · 70 to 66Oct 7, 2021 to Mar 17, 2022
- Assets in custody · $182M to $318MOct 7, 2021 to Mar 17, 2022
- State-registered IARs · 3 to 2Oct 7, 2021 to Mar 17, 2022
- Discretionary RAUM · $298M to $318MOct 7, 2021 to Mar 17, 2022
- HNW RAUM · $253M to $276MOct 7, 2021 to Mar 17, 2022
- Individual RAUM · $44.2M to $41.6MOct 7, 2021 to Mar 17, 2022
- RAUM · $298M to $318MOct 7, 2021 to Mar 17, 2022
- Accounts · 834 to 633Aug 27, 2020 to Mar 22, 2021
- Advisory employees · 5 to 4Aug 27, 2020 to Mar 22, 2021
- Charity clients · 1.0 to unsetAug 27, 2020 to Mar 22, 2021
- HNW clients · 137 to 116Aug 27, 2020 to Mar 22, 2021
- Individual clients · 90 to 70Aug 27, 2020 to Mar 22, 2021
- Pension plan clients · 3.0 to unsetAug 27, 2020 to Mar 22, 2021
- Assets in custody · $172M to $182MAug 27, 2020 to Mar 22, 2021
- Employees · 12 to 9Aug 27, 2020 to Mar 22, 2021
- State-registered IARs · 4 to 3Aug 27, 2020 to Mar 22, 2021
- Discretionary RAUM · $389M to $298MAug 27, 2020 to Mar 22, 2021
- HNW RAUM · $324M to $253MAug 27, 2020 to Mar 22, 2021
- Individual RAUM · $59.2M to $44.2MAug 27, 2020 to Mar 22, 2021
- Pension RAUM · 3868294.0 to unsetAug 27, 2020 to Mar 22, 2021
- RAUM · $389M to $298MAug 27, 2020 to Mar 22, 2021
- Accounts · 804 to 834Mar 28, 2019 to Mar 30, 2020
- HNW clients · 113 to 137Mar 28, 2019 to Mar 30, 2020
- Individual clients · 107 to 90Mar 28, 2019 to Mar 30, 2020
- Assets in custody · $119M to $172MMar 28, 2019 to Mar 30, 2020
- Employees · 11 to 12Mar 28, 2019 to Mar 30, 2020
- Discretionary RAUM · $329M to $389MMar 28, 2019 to Mar 30, 2020
- HNW RAUM · $255M to $324MMar 28, 2019 to Mar 30, 2020
Signals
4 dated events
- Skyler D Hutcheson left Fai Wealth Management for Cwm, Llc (registered 2023-08-21)Dec 4, 2023 · Advisor changed firm · fact
- Hope Elliott Campbell left Fai Wealth Management for Cwm, Llc (registered 2023-08-21)Dec 4, 2023 · Advisor changed firm · fact
- 2 advisors left Fai Wealth Management (Columbia, MD) for Cwm, LLC on the same dayDec 4, 2023 · Team lift-out · derived
- Daniel M Kelly left Fai Wealth Management for Raymond James & Associates, Inc. (registered 2024-11-07)Feb 4, 2022 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026