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.

SEC-registered adviser

Deerfield

Independent wealth managerIndianapolis, IndianaCRD 104964SEC 801-25156websiteIAPD
Legal name Deerfield Financial Advisors, Inc.
Latest filing Mar 3, 2026
First filing on the tape Mar 29, 2012 · 30 filings
SEC status approved since Sep 5, 1985
RAUM
$1.2B
reported, Item 5.F
Discretionary
83%
of RAUM
Private clients
96%
$1.1B individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$168M
derived; firm RAUM over IAPD count
Employees
14
6 advisory (5.B.1)
Offices
7
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$1.2B as of Mar 3, 2026
Mar 29, 2012$476M then
HNW client RAUM$1.0B as of Mar 3, 2026
Mar 16, 2018$568M then
State-registered IARs (5.B.3)6 as of Mar 3, 2026
Mar 29, 20120 then
Employees (5.A)14 as of Mar 3, 2026
Apr 1, 201314 then
Private funds: no history
RAUM +23% over the last fiscal year+17% a year over threeIARs 7 to 6offices 8 to 7
Practice profile
derived from the filing of Mar 3, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
RAUM per advisor
$168MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
44derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$6.2MderivedHNW RAUM over HNW clients
Average account
$1.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
83%derivedof RAUM
Institutional
3.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
0.9derived8 offices incl. principal (1.F.5)
RAUM growth, one year
+23%derivedbetween the last two annual amendments
Advisor growth, one year
-14%derivedItem 5.B.3 between annual amendments
Client growth, one year
+68%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Custody
$516M, 187 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.0B86%
  • Individuals$117M10.0%
  • Charitable organizations$25.9M2.2%
  • Pension and profit-sharing plans$10.8M0.9%
  • Corporations and businesses$4.9M0.4%
Individual clients
147reported
HNW clients
163reported
Pension plan clients
8reported
Charitable clients
6reported
Accounts
1,073reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$516M for 187 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.96 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Susan Marie SteelCertified Financial PlannerCarmel, In Mar 30, 200435 y1
Bradley Raymond CougillCertified Financial PlannerIndianapolis, InMar 30, 200434 y1
Marcus Franklin MillerCertified Financial PlannerIndianapolis, In Apr 27, 201216 y1
Matthew Lewis RoopCertified Financial PlannerCarmel, In Jul 1, 201528 y4
Aidan Christopher FinetCertified Financial PlannerIndianapolis, InJan 19, 202113 y0
Nathan Carter MelchiIndianapolis, In Mar 3, 202610 y3
Kent Alexander DelphCertified Financial PlannerIndianapolis, InJul 17, 202615 y4
Advisor movement
2 left, 2 joined in 12 months
net 0 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 29% of current headcount2 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Raymond Bradley Cougill · Senior Shareholder, Vice President, And Chief Investment Officercontrol
    since 01/2000 · owns 25% to 50%
  • Ann Marsha Kalasmiki · Chief Compliance Officercontrol
    since 02/2019 · owns less than 5%
  • Franklin Marcus Miller · Shareholdercontrol
    since 10/2021 · owns 10% to 25%
  • Lewis Matthew Roop · Shareholdercontrol
    since 10/2021 · owns 10% to 25%
  • Marie Susan Steel · Senior Shareholder, President, Chief Operating Officer, Chief Financial Officercontrol
    since 10/1993 · owns 25% to 50%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Indianapolis, In · principal722
Carmel, In410
Offices
Schedule D 1.F, the 25 largest
  • Park Ridge, IL4 employees
  • , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • client count surgeChange between filings · filing Mar 3, 2026
    individual and HNW clients (Item 5.D) moved from 184.0 to 310.0 (+68.0%) between the annual amendments of 2025-03-11 and 2026-03-03; the peer median change was +5.0% (1132 comparable advisers, 97.0th percentile of changes)
    peers: independent wealth managers, $1B to $5B (1,132) · 97% percentile
What changed
consecutive filings, newest first
  • Accounts · 938 to 1,073
    Nov 17, 2025 to Mar 3, 2026
  • Advisory employees · 5 to 6
    Nov 17, 2025 to Mar 3, 2026
  • Corporate clients · 5 to 7
    Nov 17, 2025 to Mar 3, 2026
  • HNW clients · 67 to 163
    Nov 17, 2025 to Mar 3, 2026
  • Individual clients · 117 to 147
    Nov 17, 2025 to Mar 3, 2026
  • Assets in custody · $405M to $516M
    Nov 17, 2025 to Mar 3, 2026
  • Employees · 15 to 14
    Nov 17, 2025 to Mar 3, 2026
  • State-registered IARs · 7 to 6
    Nov 17, 2025 to Mar 3, 2026
  • Other offices · 8 to 7
    Nov 17, 2025 to Mar 3, 2026
  • Discretionary RAUM · $797M to $975M
    Nov 17, 2025 to Mar 3, 2026
  • HNW RAUM · $860M to $1.0B
    Nov 17, 2025 to Mar 3, 2026
  • Individual RAUM · $60.0M to $117M
    Nov 17, 2025 to Mar 3, 2026
  • Non-discretionary RAUM · $162M to $202M
    Nov 17, 2025 to Mar 3, 2026
  • Pension RAUM · $9.6M to $10.8M
    Nov 17, 2025 to Mar 3, 2026
  • RAUM · $959M to $1.2B
    Nov 17, 2025 to Mar 3, 2026
  • Financial planning clients · 101-250 to 101-250
    Mar 11, 2025 to May 7, 2025
  • Employees · 12 to 15
    Mar 6, 2024 to Mar 11, 2025
  • Accounts · 924 to 938
    Mar 6, 2024 to Mar 11, 2025
  • Charity clients · 7 to 6
    Mar 6, 2024 to Mar 11, 2025
  • HNW clients · 153 to 67
    Mar 6, 2024 to Mar 11, 2025
  • Individual clients · 125 to 117
    Mar 6, 2024 to Mar 11, 2025
  • Assets in custody · $360M to $405M
    Mar 6, 2024 to Mar 11, 2025
  • State-registered IARs · 5 to 7
    Mar 6, 2024 to Mar 11, 2025
  • Other offices · 6 to 8
    Mar 6, 2024 to Mar 11, 2025
  • Discretionary RAUM · $699M to $797M
    Mar 6, 2024 to Mar 11, 2025
  • HNW RAUM · $729M to $860M
    Mar 6, 2024 to Mar 11, 2025
  • Individual RAUM · $65.9M to $60.0M
    Mar 6, 2024 to Mar 11, 2025
  • Non-discretionary RAUM · $132M to $162M
    Mar 6, 2024 to Mar 11, 2025
  • Pension RAUM · $8.9M to $9.6M
    Mar 6, 2024 to Mar 11, 2025
  • RAUM · $831M to $959M
    Mar 6, 2024 to Mar 11, 2025
  • Accounts · 903 to 924
    Dec 12, 2023 to Mar 6, 2024
  • Corporate clients · 6 to 5
    Dec 12, 2023 to Mar 6, 2024
  • HNW clients · 151 to 153
    Dec 12, 2023 to Mar 6, 2024
  • Individual clients · 119 to 125
    Dec 12, 2023 to Mar 6, 2024
  • Assets in custody · $335M to $360M
    Dec 12, 2023 to Mar 6, 2024
  • Employees · 11 to 12
    Dec 12, 2023 to Mar 6, 2024
  • Discretionary RAUM · $616M to $699M
    Dec 12, 2023 to Mar 6, 2024
  • HNW RAUM · $644M to $729M
    Dec 12, 2023 to Mar 6, 2024
  • Individual RAUM · $61.5M to $65.9M
    Dec 12, 2023 to Mar 6, 2024
  • Non-discretionary RAUM · $124M to $132M
    Dec 12, 2023 to Mar 6, 2024
Signals
7 dated events
  • Hope Olivia Fry left Deerfield for Root Financial Partners (registered 2025-11-21)
    Oct 31, 2025 · Advisor changed firm · fact
  • Bryan Robert Byrer left Deerfield for Millennial Financial Planning (registered 2025-08-07)
    Oct 31, 2025 · Advisor changed firm · fact
  • Deerfield reported 6 offices beyond its principal office, up from 1 (2022-03-07 to 2022-07-25)
    Jul 25, 2022 · Office count change · derived
  • Lewis Matthew Roop (Shareholder) appeared on Schedule A of Deerfield
    Mar 7, 2022 · Control person joined · fact
  • Franklin Marcus Miller (Shareholder) appeared on Schedule A of Deerfield
    Mar 7, 2022 · Control person joined · fact
  • Joseph Benjamin Hockema (Director And Vice President) no longer on Schedule A of Deerfield (listed 2019-04-10, absent 2019-10-02)
    Oct 2, 2019 · Control person left · inference
  • Ann Marsha Kalasmiki (Chief Compliance Officer) appeared on Schedule A of Deerfield
    Mar 5, 2019 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Business phone
317-469-2455reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
847-789-5000reportedpublished by the firm, firm site, Sep 16, 2026
Firm profile
LINKEDIN.COM/COMPANY/DEERFIELD-FINANCIAL-ADVISORSreportedpublic record, Form ADV, Sep 17, 2026
Website
DEERFIELDFA.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
317-469-2455reportedpublic record, Form ADV, Mar 3, 2026
Contact form
deerfieldfa.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
Team page
deerfieldfa.com/our-teamreportedpublished by the firm, firm site, Sep 16, 2026
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
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$168Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026