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.
Former SEC-registered adviser
Cms Wealth Management
Legal name Capital Management Services Inc
Latest filing Jun 6, 2025
First filing on the tape Jan 10, 2012 · 42 filings
SEC status approved since Nov 19, 1987
RAUM
$397M
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
100%
$397M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
42 filings and snapshots on the tape
RAUM$397M as of Jun 6, 2025
Mar 28, 2012$448M then
HNW client RAUM$332M as of Jun 6, 2025
Mar 8, 2018$182M then
State-registered IARs (5.B.3)4 as of Jun 6, 2025
Mar 22, 20136 then
Employees (5.A)8 as of Jun 6, 2025
Mar 22, 20139 then
Private funds: no history
RAUM +11% over the last fiscal year+2.4% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Jun 6, 2025; every figure names its basis
- RAUM per advisor
- $99.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 79derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.8MderivedHNW RAUM over HNW clients
- Average account
- $439,025derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 97%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +11%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +12%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
- Wrap fee program
- $162MreportedItem 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
- is an insurance broker or agent (6.A.6)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$332M84%
- Individuals$65.1M16%
- Individual clients
- 199reported
- HNW clients
- 118reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 904reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- 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
Left, latest
- David Alan Locher to Cw Advisors, LLCAug 6, 2025 · RIA to RIA
- Eric Todd Lanshe to Cw Advisors, LLCAug 6, 2025 · RIA to RIA
- John M Demasi to Cw Advisors, LLCAug 6, 2025 · RIA to RIA
- Sheetal Khanna to Cw Advisors, LLCAug 6, 2025 · RIA to RIA
- Jennifer Ann Garrett to Ellis Investment Partners, LLCApr 13, 2013 · Other
- Samuel Marcelino Carpin to Ellis Investment Partners, LLCFeb 21, 2013 · Other
- Ross Brian Muldoon to Ellis Investment Partners, LLCJan 8, 2013 · Other
- David Yu-Wen Sun to Ellis Investment Partners, LLCApr 19, 2012 · Other
- Michael Allen Newman to Ellis Investment Partners, LLCApr 3, 2012 · Other
- Woodward Town Odiorne to Esi Financial AdvisorsApr 3, 2012 · Other
- Don Constantine Avgerinos to Ellis Investment Partners, LLCApr 3, 2012 · Other
- Daniel Joseph Kelley to Ellis Investment Partners, LLCApr 3, 2012 · Other
- Evan Avgerinos to Ellis Investment Partners, LLCApr 3, 2012 · Other
- Jonathan D Smith to Ellis Investment Partners, LLCApr 3, 2012 · Other
- Paul Po-Wen Sun to Ellis Investment Partners, LLCApr 3, 2012 · Other
Joined, latest
- John M Demasi from Affinity Wealth Management LLCAug 22, 2017 · Other
- Eric Todd Lanshe from Merrill Lynch, Pierce, Fenner & Smith IncorporatedJan 30, 2014 · Other
- Jennifer Ann Garrett from Conservest Capital Advisors IncSep 29, 2006 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 4 left for Cw Advisors, LLCAug 6, 2025 · Wayne, Pa · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Ellis Michael Feldman · Presidentcontrolsince 09/1987 · owns 75% or more
- J Matthew Purtill · Chief Compliance Officercontrolsince 02/2015 · owns less than 5%
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 |
|---|---|---|---|---|---|
| Wayne, Pa · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Financial planning clients · 51-100 to 51-100May 29, 2025 to Jun 6, 2025
- Accounts · 862 to 904Feb 14, 2024 to Feb 27, 2025
- Corporate clients · 8.0 to unsetFeb 14, 2024 to Feb 27, 2025
- HNW clients · 105 to 118Feb 14, 2024 to Feb 27, 2025
- Individual clients · 182 to 199Feb 14, 2024 to Feb 27, 2025
- Discretionary RAUM · $346M to $384MFeb 14, 2024 to Feb 27, 2025
- HNW RAUM · $287M to $332MFeb 14, 2024 to Feb 27, 2025
- Individual RAUM · $61.6M to $65.1MFeb 14, 2024 to Feb 27, 2025
- Non-discretionary RAUM · $12.5M to $12.8MFeb 14, 2024 to Feb 27, 2025
- RAUM · $358M to $397MFeb 14, 2024 to Feb 27, 2025
- Corporate clients · unset to 8.0Feb 13, 2024 to Feb 14, 2024
- HNW clients · 101 to 105Feb 13, 2024 to Feb 14, 2024
- HNW RAUM · $296M to $287MFeb 13, 2024 to Feb 14, 2024
- Individual RAUM · $62.1M to $61.6MFeb 13, 2024 to Feb 14, 2024
- Accounts · 861 to 862Sep 5, 2023 to Feb 13, 2024
- HNW clients · 90 to 101Sep 5, 2023 to Feb 13, 2024
- Individual clients · 203 to 182Sep 5, 2023 to Feb 13, 2024
- Employees · 9 to 8Sep 5, 2023 to Feb 13, 2024
- Discretionary RAUM · $312M to $346MSep 5, 2023 to Feb 13, 2024
- HNW RAUM · $244M to $296MSep 5, 2023 to Feb 13, 2024
- Individual RAUM · $67.9M to $62.1MSep 5, 2023 to Feb 13, 2024
- Non-discretionary RAUM · $9.1M to $12.5MSep 5, 2023 to Feb 13, 2024
- Pension RAUM · 9085261.0 to unsetSep 5, 2023 to Feb 13, 2024
- RAUM · $321M to $358MSep 5, 2023 to Feb 13, 2024
- Accounts · 804 to 861Feb 23, 2022 to Feb 22, 2023
- HNW clients · 99 to 90Feb 23, 2022 to Feb 22, 2023
- Individual clients · 173 to 203Feb 23, 2022 to Feb 22, 2023
- Discretionary RAUM · $362M to $312MFeb 23, 2022 to Feb 22, 2023
- HNW RAUM · $301M to $244MFeb 23, 2022 to Feb 22, 2023
- Individual RAUM · $60.7M to $67.9MFeb 23, 2022 to Feb 22, 2023
- Non-discretionary RAUM · $7.7M to $9.1MFeb 23, 2022 to Feb 22, 2023
- Pension RAUM · $7.7M to $9.1MFeb 23, 2022 to Feb 22, 2023
- RAUM · $369M to $321MFeb 23, 2022 to Feb 22, 2023
- Accounts · 749 to 804Mar 10, 2021 to Feb 23, 2022
- Advisory employees · 3 to 4Mar 10, 2021 to Feb 23, 2022
- HNW clients · 87 to 99Mar 10, 2021 to Feb 23, 2022
- Individual clients · 266 to 173Mar 10, 2021 to Feb 23, 2022
- Discretionary RAUM · $289M to $362MMar 10, 2021 to Feb 23, 2022
- HNW RAUM · $210M to $301MMar 10, 2021 to Feb 23, 2022
- Individual RAUM · $78.5M to $60.7MMar 10, 2021 to Feb 23, 2022
Signals
6 dated events
- Cms Wealth Management no longer on the SEC adviser roster (last listed 2025-08-01, RAUM $396.9M)Sep 2, 2025 · Left the SEC roster · derived
- John M Demasi left Cms Wealth Management for Cw Advisors, Llc (registered 2025-08-01)Aug 6, 2025 · Advisor changed firm · fact
- David Alan Locher left Cms Wealth Management for Cw Advisors, Llc (registered 2025-08-01)Aug 6, 2025 · Advisor changed firm · fact
- Eric Todd Lanshe left Cms Wealth Management for Cw Advisors, Llc (registered 2025-08-01)Aug 6, 2025 · Advisor changed firm · fact
- Sheetal Khanna left Cms Wealth Management for Cw Advisors, Llc (registered 2025-08-01)Aug 6, 2025 · Advisor changed firm · fact
- Cms Wealth Management's advisors moved to CW Advisors, LLC (Wayne, PA): 4 of 4 registered, on the same dayAug 6, 2025 · Firm absorbed (people side) · derived
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