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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

Former SEC-registered adviser

P•••••• A•••• M••••••••• I••

Former SEC-registered adviserSan Diego, CaliforniaCRD 106598SEC 801-42832IAPD
Latest filing Aug 17, 2023
First filing on the tape Jan 23, 2012 · 30 filings
RAUM
$751M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
93%
$697M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
19
10 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$751M as of Mar 17, 2023
Jan 23, 2012$612M then
HNW client RAUM$556M as of Mar 17, 2023
Mar 22, 2018$240M then
State-registered IARs (5.B.3)10 as of Mar 17, 2023
Jan 3, 20131 then
Employees (5.A)19 as of Mar 17, 2023
Jan 3, 201320 then
Private funds: no history
RAUM -25% over the last fiscal year-2.7% a year over threeIARs 13 to 10
Practice profile
derived from the filing of Aug 17, 2023; every figure names its basis
RAUM per advisor
$75.1MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
55derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.1MderivedHNW RAUM over HNW clients
Average account
$598,660derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
5.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.9derivedItem 5.A over advisors
Advisors per office
5.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-25%derivedbetween the last two annual amendments
Advisor growth, one year
-23%derivedItem 5.B.3 between annual amendments
Client growth, one year
-8.6%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
$307M, 254 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
  • is a trust company (6.A.8)
  • 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$556M74%
  • Individuals$141M19%
  • Charitable organizations$26.7M3.6%
  • Pension and profit-sharing plans$17.1M2.3%
  • Corporations and businesses$7.9M1.1%
Individual clients
372reported
HNW clients
181reported
Pension plan clients
17reported
Charitable clients
3reported
Accounts
1,255reported
Financial planning clients
11-25reported
Wrap fee programs
noreported
Custody of client assets
$307M for 254 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
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
    • B••••••••• T•••••• A••••• · Trusteecontrol
      since 11/2022 · owns less than 5%
    • B•••••• M••••••• D•••• · Trusteecontrol
      since 11/2016 · owns less than 5%
    • B••••• E•••• W•••• · Trusteecontrol
      since 11/2016 · owns less than 5%
    • C••••• S••••••• E•••••••• · Trusteecontrol
      since 11/2016 · owns less than 5%
    • W•••• J••••••• S•••• · Trustee (7/2020) / President/Ceo (10/2021)control
      since 07/2020 · owns less than 5%
    • M••••••• C••••••• P••••• · Chief Compliance Officer
      since 01/2022 · owns less than 5%
    Entity owners
    • M••••• G••••• A••••••• I••• · Parent Company
      direct · owns 75% or more
    • T•• S•••••• J• C•••• T•••• D•••• D••••••• 2•• 1••• • M••••••••• T•••• · Shareholder
      direct · owns less than 5%
    Related persons
    Schedule D 7.A
    • M•••••• D• B•••••
      n
    • T••••• A••••• B••••••••
      insurancey
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    San Diego, Ca · principal000
    Offices
    Schedule D 1.F, the 25 largest
    • Indian Wells, CA1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 1,364 to 1,255
      Apr 13, 2022 to Mar 17, 2023
    • Advisory employees · 13 to 10
      Apr 13, 2022 to Mar 17, 2023
    • Charity clients · 4 to 3
      Apr 13, 2022 to Mar 17, 2023
    • HNW clients · 253 to 181
      Apr 13, 2022 to Mar 17, 2023
    • Individual clients · 352 to 372
      Apr 13, 2022 to Mar 17, 2023
    • Pension plan clients · 21 to 17
      Apr 13, 2022 to Mar 17, 2023
    • Assets in custody · $418M to $307M
      Apr 13, 2022 to Mar 17, 2023
    • Employees · 22 to 19
      Apr 13, 2022 to Mar 17, 2023
    • State-registered IARs · 13 to 10
      Apr 13, 2022 to Mar 17, 2023
    • Discretionary RAUM · $1.0B to $751M
      Apr 13, 2022 to Mar 17, 2023
    • HNW RAUM · $782M to $556M
      Apr 13, 2022 to Mar 17, 2023
    • Individual RAUM · $140M to $141M
      Apr 13, 2022 to Mar 17, 2023
    • Pension RAUM · $31.9M to $17.1M
      Apr 13, 2022 to Mar 17, 2023
    • RAUM · $1.0B to $751M
      Apr 13, 2022 to Mar 17, 2023
    • Advisory employees · 12 to 13
      Dec 4, 2021 to Mar 24, 2022
    • HNW clients · 218 to 253
      Dec 4, 2021 to Mar 24, 2022
    • Individual clients · 396 to 352
      Dec 4, 2021 to Mar 24, 2022
    • Pension plan clients · 23 to 21
      Dec 4, 2021 to Mar 24, 2022
    • Assets in custody · $333M to $418M
      Dec 4, 2021 to Mar 24, 2022
    • Discretionary RAUM · $881M to $1.0B
      Dec 4, 2021 to Mar 24, 2022
    • HNW RAUM · $650M to $782M
      Dec 4, 2021 to Mar 24, 2022
    • Individual RAUM · $153M to $140M
      Dec 4, 2021 to Mar 24, 2022
    • Pension RAUM · $33.1M to $31.9M
      Dec 4, 2021 to Mar 24, 2022
    • RAUM · $881M to $1.0B
      Dec 4, 2021 to Mar 24, 2022
    • Accounts · 1,345 to 1,364
      Oct 26, 2020 to Mar 17, 2021
    • Corporate clients · 4 to 3
      Oct 26, 2020 to Mar 17, 2021
    • HNW clients · 188 to 218
      Oct 26, 2020 to Mar 17, 2021
    • Individual clients · 407 to 396
      Oct 26, 2020 to Mar 17, 2021
    • Pension plan clients · 20 to 23
      Oct 26, 2020 to Mar 17, 2021
    • Pooled vehicle clients · unset to 0.0
      Oct 26, 2020 to Mar 17, 2021
    • Assets in custody · $271M to $333M
      Oct 26, 2020 to Mar 17, 2021
    • Discretionary RAUM · $816M to $881M
      Oct 26, 2020 to Mar 17, 2021
    • HNW RAUM · $238M to $650M
      Oct 26, 2020 to Mar 17, 2021
    • Individual RAUM · $517M to $153M
      Oct 26, 2020 to Mar 17, 2021
    • Pension RAUM · $25.7M to $33.1M
      Oct 26, 2020 to Mar 17, 2021
    • Pooled vehicle RAUM · unset to 0.0
      Oct 26, 2020 to Mar 17, 2021
    • RAUM · $816M to $881M
      Oct 26, 2020 to Mar 17, 2021
    • Accounts · 1,389 to 1,345
      Oct 18, 2019 to Mar 10, 2020
    • Corporate clients · 29 to 4
      Oct 18, 2019 to Mar 10, 2020
    • HNW clients · 163 to 188
      Oct 18, 2019 to Mar 10, 2020
    Signals
    13 dated events
    • D•••• B•••••• A•••• left P•••••• A•••• M••••••••• I•• for M••••• G••••• A••••••• I••• (registered 2026-01-05)
      Mar 15, 2024 · Advisor changed firm · fact
    • 2 advisors left P•••••• A•••• M••••••••• I•• (San Diego, CA) for M••••• G••••• A••••••• I••• on the same day
      Mar 15, 2024 · Team lift-out · derived
    • J•••••• S•••• W••• left P•••••• A•••• M••••••••• I•• for M••••• G••••• A••••••• I••• (registered 2023-08-22)
      Mar 15, 2024 · Advisor changed firm · fact
    • Tamara Ballensky (Trustee) appeared on Schedule A of P•••••• A•••• M••••••••• I••
      Aug 10, 2023 · Control person joined · fact
    • M•••••• R••• L••• left P•••••• A•••• M••••••••• I•• for K••••• P•••••• W••••• S•••••••• L•• (registered 2023-05-31)
      Jun 23, 2023 · Advisor changed firm · fact
    • D••••• H•••• left P•••••• A•••• M••••••••• I•• for K••••• P•••••• W••••• S•••••••• L•• (registered 2023-05-31)
      Jun 23, 2023 · Advisor changed firm · fact
    • G•• K•••• left P•••••• A•••• M••••••••• I•• for K••••• P•••••• W••••• S•••••••• L•• (registered 2023-05-31)
      Jun 23, 2023 · Advisor changed firm · fact
    • P•••••• A•••• M••••••••• I••'s advisors moved to K••••• P•••••• W••••• S•••••••• L•• (San Diego, CA): 3 of 5 registered, on the same day
      Jun 23, 2023 · Firm absorbed (people side) · derived
    • P•••••• A•••• M••••••••• I•• reported RAUM $751.3M, down 25% from $1.0B (2022-04-13 to 2023-03-17)
      Mar 17, 2023 · RAUM change · derived
    • M•••••• N••• M••••••• left P•••••• A•••• M••••••••• I•• for A•••••••• C•••••• L•• (registered 2022-08-16)
      Aug 31, 2022 · Advisor changed firm · fact
    • Marcus Jonathan Elsberry (Trustee/President/Ceo) no longer on Schedule A of P•••••• A•••• M••••••••• I•• (listed 2021-10-13, absent 2021-12-04)
      Dec 4, 2021 · Control person left · inference
    • Scott Jeffrey Witt (Trustee) appeared on Schedule A of P•••••• A•••• M••••••••• I••
      Jul 16, 2020 · Control person joined · fact
    • Zolman Edward Estrin (Chief Financial Officer) no longer on Schedule A of P•••••• A•••• M••••••••• I•• (listed 2020-06-05, absent 2020-07-07)
      Jul 7, 2020 · Control person left · inference
    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