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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SEC-registered adviser
A•••••••• F•••••••• I••
Latest filing Mar 31, 2026
First filing on the tape Mar 28, 2012 · 20 filings
SEC status approved since Dec 4, 1987
RAUM
$223M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
91%
$203M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$74.3M
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
20 filings and snapshots on the tape
RAUM$223M as of Mar 31, 2026
Mar 28, 2012$219M then
HNW client RAUM$138M as of Mar 31, 2026
Mar 16, 2018$227M then
State-registered IARs (5.B.3)3 as of Mar 31, 2026
Mar 25, 20134 then
Employees (5.A)8 as of Mar 31, 2026
Mar 25, 20139 then
Private funds: no history
RAUM +12% over the last fiscal year+0.1% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 31, 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
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $74.3MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 117derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.2MderivedHNW RAUM over HNW clients
- Average account
- $312,499derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 9.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.7derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +12%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -44%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, educational seminarsreportedItem 5.G
- Custody
- $2.4M, 15 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)
- an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$138M62%
- Individuals$64.4M29%
- Charitable organizations$20.1M9.0%
- Individual clients
- 307reported
- HNW clients
- 43reported
- Pension plan clients
- 0reported
- Charitable clients
- 16reported
- Accounts
- 713reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $2.4M for 15 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.91 fund_share=0.0 institutional_share=0.09 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| P•••• W•••••• R•••• | Kingsport, Tn | Jun 9, 2009 | 31 y | 0 |
| B•••• W•••••• B••••••• | Kingsport, Tn | Jan 2, 2018 | 10 y | 0 |
| K••••• F••••••• | Kingsport, Tn | Jan 26, 2024 | 12 y | 0 |
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 headcount0 left over 36 months
Left, latest
- J••••• A••••• L••••• to A••••• I•••••••••Jul 21, 2023 · RIA to a state-registered adviser
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- R••••• K••••••••• A••••• · Secretary; Directorcontrolsince 10/2019 · owns less than 5%
- R••••• P••••• W•••••• · President; Chief Executive Officer; Director; Treasurer; Chief Compliance Officercontrolsince 10/2019 · owns 75% or more
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 |
|---|---|---|---|---|---|
| Kingsport, Tn · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- clients down average size upCombination · filing Mar 31, 2026private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $198,140,515 to $222,811,637, advisors 3 to 3, private clients 628 to 350, offices 0 to 0 (2025-03-31 to 2026-03-31)peers: independent wealth managers, $100M to $500M (5,678)
- client count collapseChange between filings · filing Mar 31, 2026individual and HNW clients (Item 5.D) moved from 628.0 to 350.0 (-44.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +3.0% (3309 comparable advisers, 2.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,309) · 2.1% percentile
What changed
consecutive filings, newest first
- Accounts · 639 to 713Mar 31, 2025 to Mar 31, 2026
- Charity clients · 11 to 16Mar 31, 2025 to Mar 31, 2026
- HNW clients · 66 to 43Mar 31, 2025 to Mar 31, 2026
- Individual clients · 562 to 307Mar 31, 2025 to Mar 31, 2026
- Assets in custody · $31.6M to $2.4MMar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $198M to $223MMar 31, 2025 to Mar 31, 2026
- HNW RAUM · $126M to $138MMar 31, 2025 to Mar 31, 2026
- Individual RAUM · $58.2M to $64.4MMar 31, 2025 to Mar 31, 2026
- RAUM · $198M to $223MMar 31, 2025 to Mar 31, 2026
- Accounts · 590 to 639Mar 31, 2024 to Mar 31, 2025
- Charity clients · 10 to 11Mar 31, 2024 to Mar 31, 2025
- HNW clients · 33 to 66Mar 31, 2024 to Mar 31, 2025
- Individual clients · 547 to 562Mar 31, 2024 to Mar 31, 2025
- Assets in custody · $8.1M to $31.6MMar 31, 2024 to Mar 31, 2025
- Financial planning clients · 251-500 to 251-500Mar 31, 2024 to Mar 31, 2025
- Discretionary RAUM · $173M to $198MMar 31, 2024 to Mar 31, 2025
- HNW RAUM · $83.7M to $126MMar 31, 2024 to Mar 31, 2025
- Individual RAUM · $74.9M to $58.2MMar 31, 2024 to Mar 31, 2025
- RAUM · $173M to $198MMar 31, 2024 to Mar 31, 2025
- Accounts · 750 to 590Mar 31, 2023 to Mar 31, 2024
- Advisory employees · 2 to 3Mar 31, 2023 to Mar 31, 2024
- Charity clients · 19 to 10Mar 31, 2023 to Mar 31, 2024
- HNW clients · 53 to 33Mar 31, 2023 to Mar 31, 2024
- Individual clients · 678 to 547Mar 31, 2023 to Mar 31, 2024
- Assets in custody · $10.0M to $8.1MMar 31, 2023 to Mar 31, 2024
- Employees · 7 to 8Mar 31, 2023 to Mar 31, 2024
- State-registered IARs · 2 to 3Mar 31, 2023 to Mar 31, 2024
- Discretionary RAUM · $222M to $173MMar 31, 2023 to Mar 31, 2024
- HNW RAUM · $104M to $83.7MMar 31, 2023 to Mar 31, 2024
- Individual RAUM · $103M to $74.9MMar 31, 2023 to Mar 31, 2024
- RAUM · $222M to $173MMar 31, 2023 to Mar 31, 2024
- Accounts · 709 to 750Nov 11, 2022 to Mar 31, 2023
- Advisory employees · 4 to 2Nov 11, 2022 to Mar 31, 2023
- Charity clients · 12 to 19Nov 11, 2022 to Mar 31, 2023
- Corporate clients · unset to 0.0Nov 11, 2022 to Mar 31, 2023
- HNW clients · 89 to 53Nov 11, 2022 to Mar 31, 2023
- Individual clients · 384 to 678Nov 11, 2022 to Mar 31, 2023
- Pension plan clients · unset to 0.0Nov 11, 2022 to Mar 31, 2023
- Pooled vehicle clients · unset to 0.0Nov 11, 2022 to Mar 31, 2023
- Assets in custody · $16.4M to $10.0MNov 11, 2022 to Mar 31, 2023
Signals
2 dated events
- J••••• A••••• L••••• left A•••••••• F•••••••• I•• for A••••• I••••••••• (registered 2023-01-03)Jul 21, 2023 · Advisor changed firm · fact
- Archer Katherine Raber (Secretary; Director) appeared on Schedule A of A•••••••• F•••••••• I••Nov 13, 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
- 423-239-7535reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 423-389-9281reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/11408621reportedpublic record, Form ADV, Sep 19, 2026
- Website
- a•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 423-239-7535reportedpublic record, Form ADV, Mar 31, 2026
- Contact form
- afiadvisors.com/contactreportedpublished 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
- $74.3Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026