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

Valley Financial Management, Inc.

Broker-dealer affiliated wealth managerNew York, New YorkCRD 105387SEC 801-113685websiteIAPD
Latest filing Feb 5, 2026
First filing on the tape Jun 26, 2018 · 23 filings
SEC status approved since Jul 27, 2018
RAUM
$473,254
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$473,254 individuals and HNW
Advisors
23
registered through the firm on IAPD
RAUM per advisor
$20,576
derived; firm RAUM over IAPD count
Employees
124
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$473,254 as of Feb 5, 2026
Mar 29, 2019$95.6M then
HNW client RAUM$6,292 as of Feb 5, 2026
Mar 29, 2019$76.0M then
State-registered IARs (5.B.3)37 as of Feb 5, 2026
Mar 29, 201933 then
Employees (5.A)124 as of Feb 5, 2026
Mar 29, 201973 then
Private funds: no history
RAUM +760% over the last fiscal year-89% a year over threeIARs 28 to 37
Practice profile
derived from the filing of Feb 5, 2026; every figure names its basis
Archetypes, each a printed rule
  • Bank affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
RAUM per advisor
$20,576derivedRAUM over IAPD advisors; not a book size
Clients per advisor
5derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1,573derivedHNW RAUM over HNW clients
Average account
$3,669derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
5.4derivedItem 5.A over advisors
Advisors per office
23.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+760%derivedbetween the last two annual amendments
Advisor growth, one year
+32%derivedItem 5.B.3 between annual amendments
Client growth, one year
+46%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individualsreportedItem 5.G
Wrap fee program
$473,254reportedItem 5.I
Ownership
a bank, bancorp or trust company is a 50 percent or greater ownerderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is a broker-dealer (6.A.1)
  • is an insurance broker or agent (6.A.6)
  • 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)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$466,96299%
  • High-net-worth individuals$6,2921.3%
Individual clients
120reported
HNW clients
4reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
129reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=51.0derived
Advisors registered through the firm
23 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Varda TalAventura, Fl Sep 23, 200425 y0
Alexander NotaroLos Angeles, Ca Jul 12, 20189 y1
Chagit RaskinNew York, Ny Jul 5, 201910 y0
Daniel Howard BernzweigChartered Financial AnalystParamus, Nj Jul 15, 202133 y0
Allon HarrisNew York, Ny Jul 15, 202112 y0
Javier Marcos LevyParamus, Nj Apr 20, 202216 y0
Jaime DashevschiAventura, Fl Jun 7, 202324 y0
John Alexander GianniParamus, Nj Jul 17, 202310 y1
Marc Hadley PershanParamus, Nj Jul 17, 202336 y5
Michael ZaremskyParamus, Nj Jul 27, 202320 y0
Leonid MedvedLos Angeles, Ca Jul 27, 202315 y0
Ayelet Osnat KindlerCertified Financial PlannerParamus, Nj Jul 27, 202327 y1
Jamie Lynn CaseyParamus, Nj Jul 27, 202314 y0
Shannon LittlejohnNew York, Ny Aug 3, 202326 y8
Jason Robert CalderwoodParamus, Nj Aug 9, 202319 y3
Kathleen Mary BuskeCertified Financial PlannerParamus, Nj Aug 29, 202340 y1
Eliyahu Yosef EngelmanParamus, Nj Sep 26, 202310 y1
Andrew JianetteNew York, NyMar 20, 202412 y1
James ClarkeNew York, NyApr 11, 202412 y0
David M MarksNew York, Ny Sep 5, 202417 y2
Amanda SpiteriNew York, Ny Oct 28, 202417 y0
Mark D BubienParamus, Nj Aug 8, 202511 y1
Carlos Miguel Batista GutierrezNew York, Ny Jun 11, 202612 y1
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Joseph Arthur III Colleran · President / Ceocontrol
      since 04/2021 · owns less than 5%
    • Christopher Jon Gawley · General Counselcontrol
      since 04/2022 · owns less than 5%
    • Michael Dennis Hagedorn · Directorcontrol
      since 05/2022 · owns less than 5%
    • Travis Lan · Directorcontrol
      since 05/2022 · owns less than 5%
    • Melissa Joseph Schultz · Chairpersoncontrol
      since 06/2022 · owns less than 5%
    • Joel Vanovitch · Chief Operations Officer & Chief Financial Officercontrol
      since 10/2022 · owns less than 5%
    • Christopher Michael Wilson · Chief Compliance Officercontrol
      since 10/2015 · owns less than 5%
    Entity owners
    • Valley National Bank · Direct Parent Of Applicant
      direct · owns 75% or more
    • Valley National Bancorp · Shareholder
      indirect · owns 75% or more of Valley National Bank · public reporting company
    Related persons
    Schedule D 7.A
    Advisers that list Valley Financial Management, Inc. as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    New York, Ny · principal19130
    Aventura, Fl300
    Paramus, Nj320
    Beverly Hills, Ca210
    Chicago, Il220
    Offices
    Schedule D 1.F, the 25 largest
    • Aventura, FL13 employees
    • New York, NY5 employees
    • Los Angeles, CA2 employees
    • White Plains, NY1 employees
    • Lincolnshire, IL1 employees
    • Jericho, NY1 employees
    • Chicago, IL1 employees
    • Paramus, NJ1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 60 to 129
      Jul 14, 2025 to Feb 5, 2026
    • BD registered reps · 55 to 51
      Jul 14, 2025 to Feb 5, 2026
    • HNW clients · 30 to 4
      Jul 14, 2025 to Feb 5, 2026
    • Individual clients · 55 to 120
      Jul 14, 2025 to Feb 5, 2026
    • Employees · 102 to 124
      Jul 14, 2025 to Feb 5, 2026
    • Insurance-licensed employees · 28 to 37
      Jul 14, 2025 to Feb 5, 2026
    • State-registered IARs · 28 to 37
      Jul 14, 2025 to Feb 5, 2026
    • Discretionary RAUM · $55,000 to $473,254
      Jul 14, 2025 to Feb 5, 2026
    • HNW RAUM · $0 to $6,292
      Jul 14, 2025 to Feb 5, 2026
    • Individual RAUM · $55,000 to $466,962
      Jul 14, 2025 to Feb 5, 2026
    • RAUM · $55,000 to $473,254
      Jul 14, 2025 to Feb 5, 2026
    • Financial planning clients · 0 to 0
      Feb 7, 2025 to Jul 14, 2025
    • Accounts · 506 to 60
      Jul 28, 2023 to Feb 7, 2025
    • Advisory employees · 35 to 5
      Jul 28, 2023 to Feb 7, 2025
    • Advisory activities · 4 to 1
      Jul 28, 2023 to Feb 7, 2025
    • Charity clients · unset to 0.0
      Jul 28, 2023 to Feb 7, 2025
    • Corporate clients · 87 to 0
      Jul 28, 2023 to Feb 7, 2025
    • HNW clients · 244 to 30
      Jul 28, 2023 to Feb 7, 2025
    • Individual clients · 0 to 55
      Jul 28, 2023 to Feb 7, 2025
    • Pension plan clients · unset to 0.0
      Jul 28, 2023 to Feb 7, 2025
    • Insurance-licensed employees · 0 to 28
      Jul 28, 2023 to Feb 7, 2025
    • Financial planning clients · 26-50 to 0
      Jul 28, 2023 to Feb 7, 2025
    • Other offices · 8 to 0
      Jul 28, 2023 to Feb 7, 2025
    • Discretionary RAUM · $246M to $55,000
      Jul 28, 2023 to Feb 7, 2025
    • HNW RAUM · $170M to $0
      Jul 28, 2023 to Feb 7, 2025
    • Individual RAUM · $0 to $55,000
      Jul 28, 2023 to Feb 7, 2025
    • Non-discretionary RAUM · $88.7M to $0
      Jul 28, 2023 to Feb 7, 2025
    • Pension RAUM · $3.1M to $0
      Jul 28, 2023 to Feb 7, 2025
    • RAUM · $335M to $55,000
      Jul 28, 2023 to Feb 7, 2025
    • Accounts · 516 to 506
      Dec 8, 2022 to Mar 31, 2023
    • BD registered reps · 65 to 55
      Dec 8, 2022 to Mar 31, 2023
    • Charity clients · 13.0 to unset
      Dec 8, 2022 to Mar 31, 2023
    • Corporate clients · 121 to 87
      Dec 8, 2022 to Mar 31, 2023
    • HNW clients · 378 to 244
      Dec 8, 2022 to Mar 31, 2023
    • Pension plan clients · 4.0 to unset
      Dec 8, 2022 to Mar 31, 2023
    • Employees · 65 to 102
      Dec 8, 2022 to Mar 31, 2023
    • State-registered IARs · 23 to 28
      Dec 8, 2022 to Mar 31, 2023
    • Other offices · 4 to 8
      Dec 8, 2022 to Mar 31, 2023
    • Discretionary RAUM · $283M to $246M
      Dec 8, 2022 to Mar 31, 2023
    • HNW RAUM · $181M to $170M
      Dec 8, 2022 to Mar 31, 2023
    Signals
    28 dated events
    • Samantha Macmullen left Valley Financial Management, Inc. for Valley Wealth Managers, Inc. (registered 2024-06-05)
      Aug 20, 2025 · Advisor changed firm · fact
    • Valley Financial Management, Inc. reported 0 offices beyond its principal office, down from 8 (2023-07-28 to 2025-02-07)
      Feb 7, 2025 · Office count change · derived
    • Valley Financial Management, Inc. reported RAUM $55,000, down 100% from $334.9M (2023-07-28 to 2025-02-07)
      Feb 7, 2025 · RAUM change · derived
    • Dorian Alexandro Sandoval left Valley Financial Management, Inc. for Lpl Financial Llc (registered 2023-11-13)
      Aug 7, 2023 · Advisor changed firm · fact
    • Dov Katz left Valley Financial Management, Inc. for Valley Wealth Managers, Inc. (registered 2023-07-20)
      Jul 26, 2023 · Advisor changed firm · fact
    • Brian Mark Stigliano left Valley Financial Management, Inc. for Valley Wealth Managers, Inc. (registered 2023-07-27)
      Jul 26, 2023 · Advisor changed firm · fact
    • Elliot Ross Poretzky left Valley Financial Management, Inc. for Valley Wealth Managers, Inc. (registered 2023-07-27)
      Jul 26, 2023 · Advisor changed firm · fact
    • 3 advisors left Valley Financial Management, Inc. (New York, NY) for Valley Wealth Managers, Inc. on the same day
      Jul 26, 2023 · Team lift-out · derived
    • Eric Scott Goodman left Valley Financial Management, Inc. for Merrill Lynch, Pierce, Fenner & Smith Incorporated (registered 2023-07-31)
      Jul 18, 2023 · Advisor changed firm · fact
    • Eric Paul Steinmetz (Cfo) no longer on Schedule A of Valley Financial Management, Inc. (listed 2022-12-08, absent 2023-03-31)
      Mar 31, 2023 · Control person left · inference
    • Kevin Robert Krisowaty left Valley Financial Management, Inc. for Alliancebernstein L.P. (registered 2024-07-24)
      Oct 19, 2022 · Advisor changed firm · fact
    • James Robert Davies (Chief Financial Officer) no longer on Schedule A of Valley Financial Management, Inc. (listed 2022-04-30, absent 2022-09-26)
      Sep 26, 2022 · Control person left · inference
    • Travis Lan (Director) appeared on Schedule A of Valley Financial Management, Inc.
      Sep 26, 2022 · Control person joined · fact
    • Christopher Jon Gawley (General Counsel) appeared on Schedule A of Valley Financial Management, Inc.
      Sep 26, 2022 · Control person joined · fact
    • Melissa Joseph Schultz (Chairperson) appeared on Schedule A of Valley Financial Management, Inc.
      Sep 26, 2022 · Control person joined · fact
    • Michael Dennis Hagedorn (Director) appeared on Schedule A of Valley Financial Management, Inc.
      Sep 26, 2022 · Control person joined · fact
    • Eric Paul Steinmetz (Cfo) appeared on Schedule A of Valley Financial Management, Inc.
      Sep 26, 2022 · Control person joined · fact
    • Avner Mendelson (Director) no longer on Schedule A of Valley Financial Management, Inc. (listed 2022-04-01, absent 2022-04-30)
      Apr 30, 2022 · Control person left · inference
    • -Andrew Louis Esq. Sherman (General Counsel, Corporate Secretary) no longer on Schedule A of Valley Financial Management, Inc. (listed 2022-04-01, absent 2022-04-30)
      Apr 30, 2022 · Control person left · inference
    • Valley Financial Management, Inc. reported RAUM $326.5M, up 100% from $163.1M (2022-02-10 to 2022-04-01)
      Apr 1, 2022 · RAUM change · derived
    • Alan Blacharz left Valley Financial Management, Inc. for Ab2 Capital Partners Llc (registered 2025-01-02)
      Jan 20, 2022 · Advisor changed firm · fact
    • James Robert Davies (Chief Financial Officer) appeared on Schedule A of Valley Financial Management, Inc.
      May 26, 2021 · Control person joined · fact
    • Joseph Arthur Iii Colleran (President / Ceo) appeared on Schedule A of Valley Financial Management, Inc.
      May 26, 2021 · Control person joined · fact
    • Sean Patrick Concannon (Cfo) no longer on Schedule A of Valley Financial Management, Inc. (listed 2021-04-28, absent 2021-05-26)
      May 26, 2021 · Control person left · inference
    • George Allen Iii Boyan (President / Ceo) no longer on Schedule A of Valley Financial Management, Inc. (listed 2021-04-28, absent 2021-05-26)
      May 26, 2021 · Control person left · inference
    • Ian Nessim Bernstein (Principal) no longer on Schedule A of Valley Financial Management, Inc. (listed 2018-11-14, absent 2019-03-29)
      Mar 29, 2019 · Control person left · inference
    • Joel Vanovitch (Chief Operations Officer) appeared on Schedule A of Valley Financial Management, Inc.
      Mar 29, 2019 · Control person joined · fact
    • Leumi Investment Services Inc. filed its initial SEC registration (Form ADV)
      Jun 26, 2018 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    How to reach
    public business contact points only, each with its source
    Firm profile
    linkedin.com/company/valleybankreportedpublic record, Form ADV, Sep 17, 2026
    Website
    valley.comreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    212-407-4362reportedpublic record, Form ADV, Feb 5, 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
    Broker-dealer affiliated wealth managerderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $20,576derivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026