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.

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Former SEC-registered adviser

M••••• • C•••••••• A• A••••••• W••••• C••••••

Former SEC-registered adviserAtlanta, GeorgiaCRD 104841SEC 801-15398websiteIAPD
Legal name M••••• • C••••••• L••
Latest filing Mar 25, 2025
First filing on the tape Mar 28, 2012 · 46 filings
SEC status approved since Jun 2, 1980
RAUM
$577M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
62%
$359M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
14
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
46 filings and snapshots on the tape
RAUM$577M as of Mar 25, 2025
Mar 28, 2012$12B then
HNW client RAUM$330M as of Mar 25, 2025
Mar 28, 2018$250M then
State-registered IARs (5.B.3)5 as of Mar 25, 2025
Mar 28, 201311 then
Employees (5.A)14 as of Mar 25, 2025
Mar 28, 201330 then
Private funds1 as of Mar 27, 2017
Mar 28, 20121 then
RAUM -16% over the last fiscal year-25% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 25, 2025; every figure names its basis
RAUM per advisor
$115MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
33derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.3MderivedHNW RAUM over HNW clients
Average account
$2.9MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
24%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.8derivedItem 5.A over advisors
Advisors per office
5.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-16%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-7.7%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$330M57%
  • Charitable organizations$118M20%
  • Pooled investment vehicles$60.1M10%
  • Individuals$29.4M5.1%
  • Pension and profit-sharing plans$21.4M3.7%
  • Corporations and businesses$18.7M3.2%
Individual clients
68reported
HNW clients
99reported
Pension plan clients
n/areported
Charitable clients
13reported
Accounts
196reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $61.5M managedreported
Custody of client assets
noreported
Compensation
% of AUMreported
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
3 left, 0 joined in 12 months
Private funds
1 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
M••••• • C••••••• L•••• C•• G••••• C••••••••• F•••• L•no longer reportedOther Private Fund$4.6M1Mar 28, 2012
Owners and control persons
Schedule A and B, latest filing
  • B••••• J••••• B••••• · Managing Principal And Portfolio Managercontrol
    since 08/2020 · owns 10% to 25%
  • C••••••••• R•••••• E••••••• · Managing Principalcontrol
    since 02/2023 · owns 25% to 50%
  • F••••••• J••••• M••••• · Managing Principal And Director Of Marketingcontrol
    since 11/2022 · owns 5% to 10%
  • K••••••• R••••••• M••••••• · Managing Principal And Chief Compliance Officercontrol
    since 02/2019 · owns less than 5%
  • M••••••••• C••••••• E•••••• · Executive Managing Principal And Ceocontrol
    since 11/2022 · owns 10% to 25%
  • T•••••• D••••••• J••• · Principal, Director Of Operations And Tradingcontrol
    since 08/2020 · owns less than 5%
  • T•••••••• M••••••• S•••• · Managing Principal And Chief Investment Officercontrol
    since 11/2022 · owns 10% to 25%
  • V••••• W••••••• A••• · Managing Principal And Portfolio Managercontrol
    since 02/2019 · 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
OfficeAdvisorsJoinedLeftTeams outForming
Atlanta, Ga · principal003
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 216 to 196
    Oct 16, 2024 to Mar 25, 2025
  • Business name · M••••• • C•••••••• L•• to M••••• • C•••••••• A• A••••••• W••••• C••••••
    Oct 16, 2024 to Mar 25, 2025
  • Charity clients · 12 to 13
    Oct 16, 2024 to Mar 25, 2025
  • Corporate clients · 14 to 8
    Oct 16, 2024 to Mar 25, 2025
  • Individual clients · 82 to 68
    Oct 16, 2024 to Mar 25, 2025
  • Pension plan clients · 3.0 to unset
    Oct 16, 2024 to Mar 25, 2025
  • Employees · 17 to 14
    Oct 16, 2024 to Mar 25, 2025
  • Insurance-licensed employees · 0 to 4
    Oct 16, 2024 to Mar 25, 2025
  • Discretionary RAUM · $683M to $577M
    Oct 16, 2024 to Mar 25, 2025
  • HNW RAUM · $310M to $330M
    Oct 16, 2024 to Mar 25, 2025
  • Individual RAUM · $35.6M to $29.4M
    Oct 16, 2024 to Mar 25, 2025
  • Pension RAUM · $134M to $21.4M
    Oct 16, 2024 to Mar 25, 2025
  • Pooled vehicle RAUM · $55.3M to $60.1M
    Oct 16, 2024 to Mar 25, 2025
  • RAUM · $683M to $577M
    Oct 16, 2024 to Mar 25, 2025
  • Related adviser · false to true
    Oct 16, 2024 to Mar 25, 2025
  • Wrap assets (manager) · $77.5M to $61.5M
    Oct 16, 2024 to Mar 25, 2025
  • Legal name · A••••••• W••••• M••••••••• L•• to M••••• • C••••••• L••
    Sep 6, 2024 to Oct 16, 2024
  • Legal name · M••••• • C•••••••• L•• to A••••••• W••••• M••••••••• L••
    Aug 29, 2024 to Sep 6, 2024
  • Accounts · 228 to 216
    Apr 4, 2023 to Mar 22, 2024
  • Advisory employees · 10 to 8
    Apr 4, 2023 to Mar 22, 2024
  • Corporate clients · 15 to 14
    Apr 4, 2023 to Mar 22, 2024
  • HNW clients · 65 to 99
    Apr 4, 2023 to Mar 22, 2024
  • Individual clients · 124 to 82
    Apr 4, 2023 to Mar 22, 2024
  • Pension plan clients · 5 to 3
    Apr 4, 2023 to Mar 22, 2024
  • Pooled vehicle clients · 7 to 6
    Apr 4, 2023 to Mar 22, 2024
  • Employees · 19 to 17
    Apr 4, 2023 to Mar 22, 2024
  • State-registered IARs · 6 to 5
    Apr 4, 2023 to Mar 22, 2024
  • Discretionary RAUM · $965M to $683M
    Apr 4, 2023 to Mar 22, 2024
  • HNW RAUM · $254M to $310M
    Apr 4, 2023 to Mar 22, 2024
  • Individual RAUM · $51.4M to $35.6M
    Apr 4, 2023 to Mar 22, 2024
  • Pension RAUM · $461M to $134M
    Apr 4, 2023 to Mar 22, 2024
  • Pooled vehicle RAUM · $47.1M to $55.3M
    Apr 4, 2023 to Mar 22, 2024
  • RAUM · $965M to $683M
    Apr 4, 2023 to Mar 22, 2024
  • Wrap assets (manager) · $66.5M to $77.5M
    Apr 4, 2023 to Mar 22, 2024
  • Accounts · 218 to 228
    Nov 7, 2022 to Mar 31, 2023
  • Advisory employees · 11 to 10
    Nov 7, 2022 to Mar 31, 2023
  • Charity clients · 14 to 12
    Nov 7, 2022 to Mar 31, 2023
  • Corporate clients · 17 to 15
    Nov 7, 2022 to Mar 31, 2023
  • HNW clients · 89 to 65
    Nov 7, 2022 to Mar 31, 2023
  • Individual clients · 86 to 124
    Nov 7, 2022 to Mar 31, 2023
Signals
26 dated events
  • M••••• • C•••••••• A• A••••••• W••••• C•••••• no longer on the SEC adviser roster (last listed 2025-09-02, RAUM $577.0M)
    Dec 20, 2025 · Left the SEC roster · derived
  • K••• T••••• M••••• left M••••• • C•••••••• A• A••••••• W••••• C•••••• for A••••••• W••••• M••••••••• L•• (registered 2024-11-21)
    Sep 24, 2025 · Advisor changed firm · fact
  • D•••• L•• W••••• left M••••• • C•••••••• A• A••••••• W••••• C•••••• for A••••••• W••••• M••••••••• L•• (registered 2024-09-12)
    Sep 24, 2025 · Advisor changed firm · fact
  • M••••• • C•••••••• A• A••••••• W••••• C••••••'s advisors moved to A••••••• W••••• M••••••••• L•• (Atlanta, GA): 3 of 3 registered, on the same day
    Sep 24, 2025 · Firm absorbed (people side) · derived
  • C•••••• E•••••• M••••••••• left M••••• • C•••••••• A• A••••••• W••••• C•••••• for A••••••• W••••• M••••••••• L•• (registered 2024-09-09)
    Sep 24, 2025 · Advisor changed firm · fact
  • J•••• M••••• F•••••• left M••••• • C•••••••• A• A••••••• W••••• C•••••• for A••• C•••••• M••••••••• L•• (registered 2024-11-13)
    Sep 20, 2024 · Advisor changed firm · fact
  • J••••• Jay B••••• (Chief Operating Office4R) no longer on Schedule A of M••••• • C•••••••• A• A••••••• W••••• C•••••• (listed 2024-08-29, absent 2024-09-06)
    Sep 6, 2024 · Control person left · inference
  • Greene Courtland Phillips (Managing Member) no longer on Schedule A of M••••• • C•••••••• A• A••••••• W••••• C•••••• (listed 2024-08-29, absent 2024-09-06)
    Sep 6, 2024 · Control person left · inference
  • Pratt Nesha Zeigler (Managing Director) no longer on Schedule A of M••••• • C•••••••• A• A••••••• W••••• C•••••• (listed 2024-08-29, absent 2024-09-06)
    Sep 6, 2024 · Control person left · inference
  • Hungerford Spooner Henry Phillips (Managing Member) no longer on Schedule A of M••••• • C•••••••• A• A••••••• W••••• C•••••• (listed 2024-08-29, absent 2024-09-06)
    Sep 6, 2024 · Control person left · inference
  • Merlin James Francis (Managing Principal And Director Of Marketing) appeared on Schedule A of M••••• • C•••••••• A• A••••••• W••••• C••••••
    Sep 6, 2024 · Control person joined · fact
  • Alan William Vogel (Managing Principal And Portfolio Manager) appeared on Schedule A of M••••• • C•••••••• A• A••••••• W••••• C••••••
    Sep 6, 2024 · Control person joined · fact
  • Boutin Janet Bunch (Managing Principal And Portfolio Manager) appeared on Schedule A of M••••• • C•••••••• A• A••••••• W••••• C••••••
    Sep 6, 2024 · Control person joined · fact
  • Emmanuel Ronald Canakaris (Managing Principal) appeared on Schedule A of M••••• • C•••••••• A• A••••••• W••••• C••••••
    Sep 6, 2024 · Control person joined · fact
  • J••• D•••••• T••••• (Principal, Director Of Operations And Trading) appeared on Schedule A of M••••• • C•••••••• A• A••••••• W••••• C••••••
    Sep 6, 2024 · Control person joined · fact
  • J••••• Jay B••••• (Chief Operating Office4R) appeared on Schedule A of M••••• • C•••••••• A• A••••••• W••••• C••••••
    Aug 29, 2024 · Control person joined · fact
  • Greene Courtland Phillips (Managing Member) appeared on Schedule A of M••••• • C•••••••• A• A••••••• W••••• C••••••
    Aug 29, 2024 · Control person joined · fact
  • Pratt Nesha Zeigler (Managing Director) appeared on Schedule A of M••••• • C•••••••• A• A••••••• W••••• C••••••
    Aug 29, 2024 · Control person joined · fact
  • Hungerford Spooner Henry Phillips (Managing Member) appeared on Schedule A of M••••• • C•••••••• A• A••••••• W••••• C••••••
    Aug 29, 2024 · Control person joined · fact
  • M••••• • C•••••••• A• A••••••• W••••• C•••••• reported RAUM $683.5M, down 29% from $964.6M (2023-04-04 to 2024-03-22)
    Mar 22, 2024 · RAUM change · derived
  • M••••• • C•••••••• A• A••••••• W••••• C•••••• reported RAUM $964.6M, down 28% from $1.3B (2022-11-07 to 2023-03-31)
    Mar 31, 2023 · RAUM change · derived
  • M••••• • C•••••••• A• A••••••• W••••• C•••••• reported RAUM $1.3B, down 34% from $2.0B (2021-03-30 to 2022-03-30)
    Mar 30, 2022 · RAUM change · derived
  • Winter Andrew Jung (Managing Principal And Director Of Investments) no longer on Schedule A of M••••• • C•••••••• A• A••••••• W••••• C•••••• (listed 2020-11-19, absent 2020-12-08)
    Dec 8, 2020 · Control person left · inference
  • J••• D•••••• T••••• (Principal, Director Of Operations And Trading) appeared on Schedule A of M••••• • C•••••••• A• A••••••• W••••• C••••••
    Aug 21, 2020 · Control person joined · fact
  • M••••• • C•••••••• A• A••••••• W••••• C•••••• reported RAUM $2.1B, down 41% from $3.6B (2019-02-21 to 2019-03-28)
    Mar 28, 2019 · RAUM change · derived
  • William Brian Stahl (Vice President, Treasurer) no longer on Schedule A of M••••• • C•••••••• A• A••••••• W••••• C•••••• (listed 2018-10-11, absent 2019-02-21)
    Feb 21, 2019 · Control person left · inference
Across DFX
shared identifiers only, never a name match
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