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

B••• W••••• A•••••••

Former SEC-registered adviserNorth Bethesda, MarylandCRD 105211SEC 801-23924websiteIAPD
Legal name B••• A••••••••• I•••••••••
Latest filing Jul 8, 2025
First filing on the tape Dec 20, 2011 · 33 filings
SEC status approved since Apr 23, 1985
RAUM
$876M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$876M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
15
9 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$876M as of Jul 8, 2025
Feb 8, 2012$374M then
HNW client RAUM$807M as of Jul 8, 2025
Mar 10, 2018$58.3M then
State-registered IARs (5.B.3)8 as of Jul 8, 2025
Mar 4, 20135 then
Employees (5.A)15 as of Jul 8, 2025
Mar 4, 201312 then
Private funds: no history
RAUM +10% over the last fiscal year+1.7% a year over threeIARs 8 to 8
Practice profile
derived from the filing of Jul 8, 2025; every figure names its basis
RAUM per advisor
$110MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
49derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.8MderivedHNW RAUM over HNW clients
Average account
$642,400derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.9derivedItem 5.A over advisors
Advisors per office
8.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+10%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+2.3%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Custody
$470M, 248 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)
  • 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$807M92%
  • Individuals$68.8M7.9%
Individual clients
180reported
HNW clients
215reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1,364reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$470M for 248 clientsreported
Compensation
% of AUM, fixedreported
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
8 left, 0 joined in 12 months
net -8 in 12 months0 left in 90 days0 joined in 90 days9 left over 36 months
Left, latest
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • C••••••••• F••••••••• J••••• · President, Ceo And Chief Compliance Officercontrol
      since 01/2003 · owns less than 5%
    • C••••••••• M••••• G••••••••• · Executive Vice Presidentcontrol
      since 01/2003 · owns less than 5%
    Entity owners
    • B•• H•••••••• I••••••••• · Holding Company
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    • D•••• K•••••
      n
    • D•••• J••••• P••
      insurancen
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    North B•••Esda, Md · principal008
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Financial planning clients · 101-250 to 101-250
      Mar 12, 2025 to Jul 8, 2025
    • Accounts · 1,309 to 1,364
      Dec 3, 2024 to Mar 12, 2025
    • HNW clients · 195 to 215
      Dec 3, 2024 to Mar 12, 2025
    • Individual clients · 191 to 180
      Dec 3, 2024 to Mar 12, 2025
    • Assets in custody · $307M to $470M
      Dec 3, 2024 to Mar 12, 2025
    • Employees · 13 to 15
      Dec 3, 2024 to Mar 12, 2025
    • Discretionary RAUM · $796M to $876M
      Dec 3, 2024 to Mar 12, 2025
    • HNW RAUM · $720M to $807M
      Dec 3, 2024 to Mar 12, 2025
    • Individual RAUM · $75.8M to $68.8M
      Dec 3, 2024 to Mar 12, 2025
    • RAUM · $796M to $876M
      Dec 3, 2024 to Mar 12, 2025
    • Accounts · 1,258 to 1,309
      Mar 28, 2023 to Mar 28, 2024
    • HNW clients · 183 to 195
      Mar 28, 2023 to Mar 28, 2024
    • Individual clients · 192 to 191
      Mar 28, 2023 to Mar 28, 2024
    • Assets in custody · $390M to $307M
      Mar 28, 2023 to Mar 28, 2024
    • Employees · 14 to 13
      Mar 28, 2023 to Mar 28, 2024
    • State-registered IARs · 9 to 8
      Mar 28, 2023 to Mar 28, 2024
    • Discretionary RAUM · $739M to $796M
      Mar 28, 2023 to Mar 28, 2024
    • HNW RAUM · $660M to $720M
      Mar 28, 2023 to Mar 28, 2024
    • Individual RAUM · $79.5M to $75.8M
      Mar 28, 2023 to Mar 28, 2024
    • RAUM · $739M to $796M
      Mar 28, 2023 to Mar 28, 2024
    • Related adviser · true to false
      Mar 28, 2023 to Mar 28, 2024
    • Accounts · 1,177 to 1,258
      Nov 4, 2022 to Mar 28, 2023
    • HNW clients · 203 to 183
      Nov 4, 2022 to Mar 28, 2023
    • Individual clients · 148 to 192
      Nov 4, 2022 to Mar 28, 2023
    • Assets in custody · $452M to $390M
      Nov 4, 2022 to Mar 28, 2023
    • Employees · 13 to 14
      Nov 4, 2022 to Mar 28, 2023
    • Discretionary RAUM · $834M to $739M
      Nov 4, 2022 to Mar 28, 2023
    • HNW RAUM · $779M to $660M
      Nov 4, 2022 to Mar 28, 2023
    • Individual RAUM · $54.8M to $79.5M
      Nov 4, 2022 to Mar 28, 2023
    • RAUM · $834M to $739M
      Nov 4, 2022 to Mar 28, 2023
    • Accounts · 1,089 to 1,177
      Mar 29, 2021 to Feb 22, 2022
    • HNW clients · 191 to 203
      Mar 29, 2021 to Feb 22, 2022
    • Individual clients · 138 to 148
      Mar 29, 2021 to Feb 22, 2022
    • Assets in custody · $564M to $452M
      Mar 29, 2021 to Feb 22, 2022
    • Employees · 12 to 13
      Mar 29, 2021 to Feb 22, 2022
    • Discretionary RAUM · $703M to $834M
      Mar 29, 2021 to Feb 22, 2022
    • HNW RAUM · $648M to $779M
      Mar 29, 2021 to Feb 22, 2022
    • Individual RAUM · $54.9M to $54.8M
      Mar 29, 2021 to Feb 22, 2022
    • RAUM · $703M to $834M
      Mar 29, 2021 to Feb 22, 2022
    • Accounts · 1,124 to 1,089
      May 26, 2020 to Mar 29, 2021
    Signals
    11 dated events
    • B••• W••••• A••••••• no longer on the SEC adviser roster (last listed 2026-03-02, RAUM $876.2M)
      Apr 1, 2026 · Left the SEC roster · derived
    • T••• D••••• G•••••• left B••• W••••• A••••••• for C••••••• P••••••• (registered 2025-11-25)
      Mar 27, 2026 · Advisor changed firm · fact
    • M•••• A••••••• S••••• left B••• W••••• A••••••• for C••••••• P••••••• (registered 2025-11-25)
      Mar 27, 2026 · Advisor changed firm · fact
    • P•••••• P•• F•••••• left B••• W••••• A••••••• for C••••••• P••••••• (registered 2025-11-25)
      Mar 27, 2026 · Advisor changed firm · fact
    • D••••• C••••• T•••••••• left B••• W••••• A••••••• for C••••••• P••••••• (registered 2025-11-25)
      Mar 27, 2026 · Advisor changed firm · fact
    • B••• K• V•••• left B••• W••••• A••••••• for C••••••• P••••••• (registered 2025-11-25)
      Mar 27, 2026 · Advisor changed firm · fact
    • F•••••••• J••••• C•••••••• left B••• W••••• A••••••• for C••••••• P••••••• (registered 2025-11-25)
      Mar 27, 2026 · Advisor changed firm · fact
    • J••••••• C• M•••••••• left B••• W••••• A••••••• for C••••••• P••••••• (registered 2025-11-25)
      Mar 27, 2026 · Advisor changed firm · fact
    • M•••• G••••••••• C•••••••• left B••• W••••• A••••••• for C••••••• P••••••• (registered 2025-11-25)
      Mar 27, 2026 · Advisor changed firm · fact
    • B••• W••••• A•••••••'s advisors moved to C••••••• P••••••• (North Bethesda, MD): 8 of 8 registered, on the same day
      Mar 27, 2026 · Firm absorbed (people side) · derived
    • S••••• C•••••••• J••••••••• L•••• left B••• W••••• A••••••• for M••••• W••••• (registered 2025-03-12)
      Sep 30, 2024 · 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