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

M•••••• C•••••• M••••••••• I••

Independent wealth managerFort Wayne, IndianaCRD 106244SEC 801-46796websiteIAPD
Latest filing Jul 29, 2026
First filing on the tape Feb 28, 2012 · 25 filings
SEC status approved since Jun 22, 1994
RAUM
$496M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
71%
$352M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$124M
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
25 filings and snapshots on the tape
RAUM$496M as of Jul 29, 2026
Feb 28, 2012$255M then
HNW client RAUM$324M as of Jul 29, 2026
Mar 23, 2018$209M then
State-registered IARs (5.B.3)4 as of Jul 29, 2026
Feb 28, 20120 then
Employees (5.A)8 as of Jul 29, 2026
Feb 22, 20137 then
Private funds: no history
RAUM +4.0% over the last fiscal year+6.6% a year over threeIARs 3 to 4
Practice profile
derived from the filing of Jul 29, 2026; every figure names its basis
Archetypes, each a printed rule
  • 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
RAUM per advisor
$124MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
43derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.6MderivedHNW RAUM over HNW clients
Average account
$1.3MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
27%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
+4.0%derivedbetween the last two annual amendments
Advisor growth, one year
+33%derivedItem 5.B.3 between annual amendments
Client growth, one year
+4.2%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Custody
$125M, 74 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)
  • compensates non-employees for client referrals (8.G.2)
  • 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$324M65%
  • Charitable organizations$104M21%
  • Pension and profit-sharing plans$29.6M6.0%
  • Individuals$28.1M5.7%
  • Corporations and businesses$10.3M2.1%
Individual clients
83reported
HNW clients
90reported
Pension plan clients
2reported
Charitable clients
17reported
Accounts
373reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$125M for 74 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.71 fund_share=0.0 institutional_share=0.27 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
D•••• M•••••• M••••Fort Wayne, InDec 30, 199832 y0
G••••• R••••• D•••••Chartered Financial AnalystFort Wayne, InDec 30, 199828 y0
J••• D•••• M••••Chartered Financial AnalystFort Wayne, InApr 6, 200026 y0
A••• A•••••• B••••Fort Wayne, InFeb 11, 202611 y0
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
Joined, latest
none on the tape
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • B••••• B••••• V•••• · Chief Compliance Officercontrol
      since 03/2020 · owns less than 5%
    • M••••• D••••• M•••••• · Chief Executive Officer, Senior Investment Officercontrol
      since 08/1994 · owns 10% to 25%
    • M••••• J•••• D•••• · President, Chief Investment Officer, Senior Analystcontrol
      since 02/2000 · owns 25% to 50%
    • M••••••• K••••••••• K•••• · Directorcontrol
      since 09/2007 · owns 25% to 50%
    • T•••••• T•••••• J•••• · Vice President, Secretary-Treasurer, Chief Financial Officercontrol
      since 01/2016 · 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
    OfficeAdvisorsJoinedLeftTeams outForming
    Fort Wayne, In · principal410
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 365 to 373
      Feb 14, 2025 to Mar 24, 2026
    • Charity clients · 18 to 17
      Feb 14, 2025 to Mar 24, 2026
    • HNW clients · 88 to 90
      Feb 14, 2025 to Mar 24, 2026
    • Individual clients · 78 to 83
      Feb 14, 2025 to Mar 24, 2026
    • Assets in custody · $142M to $125M
      Feb 14, 2025 to Mar 24, 2026
    • Employees · 9 to 8
      Feb 14, 2025 to Mar 24, 2026
    • State-registered IARs · 3 to 4
      Feb 14, 2025 to Mar 24, 2026
    • Discretionary RAUM · $476M to $496M
      Feb 14, 2025 to Mar 24, 2026
    • HNW RAUM · $301M to $324M
      Feb 14, 2025 to Mar 24, 2026
    • Individual RAUM · $29.3M to $28.1M
      Feb 14, 2025 to Mar 24, 2026
    • Pension RAUM · $28.5M to $29.6M
      Feb 14, 2025 to Mar 24, 2026
    • RAUM · $476M to $496M
      Feb 14, 2025 to Mar 24, 2026
    • Accounts · 347 to 365
      Apr 5, 2024 to Feb 14, 2025
    • Charity clients · 19 to 18
      Apr 5, 2024 to Feb 14, 2025
    • HNW clients · 89 to 88
      Apr 5, 2024 to Feb 14, 2025
    • Individual clients · 86 to 78
      Apr 5, 2024 to Feb 14, 2025
    • Assets in custody · $107M to $142M
      Apr 5, 2024 to Feb 14, 2025
    • Employees · 8 to 9
      Apr 5, 2024 to Feb 14, 2025
    • Financial planning clients · 0 to 1-10
      Apr 5, 2024 to Feb 14, 2025
    • Discretionary RAUM · $414M to $476M
      Apr 5, 2024 to Feb 14, 2025
    • HNW RAUM · $258M to $301M
      Apr 5, 2024 to Feb 14, 2025
    • Individual RAUM · $26.1M to $29.3M
      Apr 5, 2024 to Feb 14, 2025
    • Pension RAUM · $25.4M to $28.5M
      Apr 5, 2024 to Feb 14, 2025
    • RAUM · $414M to $476M
      Apr 5, 2024 to Feb 14, 2025
    • Accounts · 346 to 347
      Feb 22, 2024 to Feb 26, 2024
    • Charity clients · 18 to 19
      Feb 22, 2024 to Feb 26, 2024
    • HNW clients · 104 to 89
      Feb 22, 2024 to Feb 26, 2024
    • Individual clients · 85 to 86
      Feb 22, 2024 to Feb 26, 2024
    • Assets in custody · $111M to $107M
      Feb 22, 2024 to Feb 26, 2024
    • Employees · 9 to 8
      Feb 22, 2024 to Feb 26, 2024
    • Discretionary RAUM · $409M to $414M
      Feb 22, 2024 to Feb 26, 2024
    • HNW RAUM · $261M to $258M
      Feb 22, 2024 to Feb 26, 2024
    • Individual RAUM · $23.0M to $26.1M
      Feb 22, 2024 to Feb 26, 2024
    • Pension RAUM · $24.1M to $25.4M
      Feb 22, 2024 to Feb 26, 2024
    • RAUM · $409M to $414M
      Feb 22, 2024 to Feb 26, 2024
    • Accounts · 266 to 346
      Mar 16, 2022 to Mar 14, 2023
    • Charity clients · 20 to 18
      Mar 16, 2022 to Mar 14, 2023
    • Corporate clients · unset to 2.0
      Mar 16, 2022 to Mar 14, 2023
    • HNW clients · 127 to 104
      Mar 16, 2022 to Mar 14, 2023
    • Individual clients · 114 to 85
      Mar 16, 2022 to Mar 14, 2023
    Signals
    2 dated events
    • N••• H••••• K••• left M•••••• C•••••• M••••••••• I•• for S•••• C••••••••• G••••• L•• (registered 2022-05-11)
      Jan 27, 2022 · Advisor changed firm · fact
    • Vicki Bandor Braun (Chief Compliance Officer) appeared on Schedule A of M•••••• C•••••• M••••••••• I••
      Mar 11, 2020 · 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
    Website
    M••••••CAPITALMGMT.COMreportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    260-422-2765reportedpublic record, Form ADV, Jul 29, 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
    $124Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026