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

Simply Money Advisors

Former SEC-registered adviserCincinnati, OhioCRD 106619SEC 801-49136IAPD
Legal name The Financial Network Group, Ltd
Latest filing Sep 21, 2018
First filing on the tape Jan 19, 2012 · 38 filings
RAUM
$788M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$788M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
28
16 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$788M as of Mar 21, 2018
Mar 20, 2012$644M then
HNW client RAUM: $296M
State-registered IARs (5.B.3)19 as of Mar 21, 2018
Feb 25, 201317 then
Employees (5.A)28 as of Mar 21, 2018
Feb 25, 201317 then
Private funds: no history
RAUM +11% over the last fiscal year+4.3% a year over threeIARs 19 to 19
Practice profile
derived from the filing of Sep 21, 2018; every figure names its basis
RAUM per advisor
$41.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
97derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.5MderivedHNW RAUM over HNW clients
Average account
$426,296derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
9.5derived2 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
unknownderived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, educational seminarsreportedItem 5.G
Financial planning clients
1,500reportedItem 5.H
Wrap fee program
$782MreportedItem 5.I
Custody
$5.5M, 37 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$492M62%
  • High-net-worth individuals$296M38%
Individual clients
1,657reported
HNW clients
192reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1,849reported
Financial planning clients
1,500reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$5.5M for 37 clientsreported
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
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
    • Jacobs Nathan Bachrach · Ceocontrol
      since 01/1995 · owns less than 5%
    • C Corey Gamble · Chief Compliance Officercontrol
      since 06/2018 · owns less than 5%
    • Daniel Littman · Cfocontrol
      since 05/2012 · owns less than 5%
    • Thomas Scott Hanson · Ownercontrol
      since 03/2018 · owns 25% to 50% of Hmg Holdco, Inc.
    • Carl Patrick Mcclain · Ownercontrol
      since 03/2018 · owns 25% to 50% of Hmg Holdco, Inc.
    Entity owners
    • Hanson Mcclain Group, LP · Partner
      direct · owns 75% or more
    • Hmg Holdco, Inc. · Owner
      indirect · owns 25% to 50% of Hmg Parent, LP
    • Hmg Parent, LP · Owner
      indirect · owns 75% or more of Hmgi Intermediate, LP
    • Hmgi Intermediate, LP · Owner
      indirect · owns 75% or more of Hanson Mcclain Group, LP
    • Parthenon Investors V Hm Blocker, Inc · Owner
      indirect · owns 25% to 50% of Parthenon Investors V Hm-Aiv, L.P.
    • Parthenon Investors V Hm Holdco Aiv, L.P · Owner
      indirect · owns 75% or more of Parthenon Investors V Hm Blocker, Inc
    • Parthenon Investors V Hm-Aiv, L.P. · Owner
      indirect · owns 75% or more of Parthenon V Hm Holdings, LP
    • Parthenon V Hm Holdings, LP · Owner
      indirect · owns 50% to 75% of Hmg Parent, LP
    Related persons
    Schedule D 7.A
    Offices
    Schedule D 1.F, the 25 largest
    • Florence, KY1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 4,450 to 1,849
      Aug 11, 2017 to Mar 21, 2018
    • BD registered reps · 1 to 0
      Aug 11, 2017 to Mar 21, 2018
    • HNW clients · unset to 192.0
      Aug 11, 2017 to Mar 21, 2018
    • Individual clients · unset to 1657.0
      Aug 11, 2017 to Mar 21, 2018
    • Assets in custody · unset to 5524193.0
      Aug 11, 2017 to Mar 21, 2018
    • Custody of client assets · false to true
      Aug 11, 2017 to Mar 21, 2018
    • Employees · 31 to 28
      Aug 11, 2017 to Mar 21, 2018
    • Other offices · unset to 1.0
      Aug 11, 2017 to Mar 21, 2018
    • Discretionary RAUM · $712M to $788M
      Aug 11, 2017 to Mar 21, 2018
    • HNW RAUM · unset to 296273812.0
      Aug 11, 2017 to Mar 21, 2018
    • Individual RAUM · unset to 491948303.0
      Aug 11, 2017 to Mar 21, 2018
    • RAUM · $712M to $788M
      Aug 11, 2017 to Mar 21, 2018
    • Related adviser · false to true
      Aug 11, 2017 to Mar 21, 2018
    • Related broker-dealer · false to true
      Aug 11, 2017 to Mar 21, 2018
    • Wrap assets (manager) · unset to 0.0
      Aug 11, 2017 to Mar 21, 2018
    • Wrap assets (sponsor) · unset to 0.0
      Aug 11, 2017 to Mar 21, 2018
    • Assets in custody · 630000.0 to unset
      Mar 28, 2017 to Aug 11, 2017
    • Custody of client assets · true to false
      Mar 28, 2017 to Aug 11, 2017
    • Accounts · 4,360 to 4,450
      Aug 26, 2016 to Mar 28, 2017
    • Advisory employees · 13 to 16
      Aug 26, 2016 to Mar 28, 2017
    • BD registered reps · 0 to 1
      Aug 26, 2016 to Mar 28, 2017
    • Assets in custody · $125,000 to $630,000
      Aug 26, 2016 to Mar 28, 2017
    • Employees · 35 to 31
      Aug 26, 2016 to Mar 28, 2017
    • State-registered IARs · 17 to 19
      Aug 26, 2016 to Mar 28, 2017
    • Discretionary RAUM · $699M to $712M
      Aug 26, 2016 to Mar 28, 2017
    • RAUM · $699M to $712M
      Aug 26, 2016 to Mar 28, 2017
    • Accounts · 4,354 to 4,360
      Mar 17, 2016 to Aug 26, 2016
    • Discretionary RAUM · $689M to $699M
      Mar 17, 2016 to Aug 26, 2016
    • RAUM · $689M to $699M
      Mar 17, 2016 to Aug 26, 2016
    • Accounts · 4,259 to 4,354
      Aug 19, 2015 to Feb 18, 2016
    • Advisory activities · 2 to 3
      Aug 19, 2015 to Feb 18, 2016
    • Assets in custody · unset to 125000.0
      Aug 19, 2015 to Feb 18, 2016
    • Custody of client assets · false to true
      Aug 19, 2015 to Feb 18, 2016
    • Employees · 37 to 35
      Aug 19, 2015 to Feb 18, 2016
    • State-registered IARs · 15 to 17
      Aug 19, 2015 to Feb 18, 2016
    • Discretionary RAUM · $694M to $689M
      Aug 19, 2015 to Feb 18, 2016
    • RAUM · $694M to $689M
      Aug 19, 2015 to Feb 18, 2016
    • Accounts · 3,997 to 4,259
      Dec 18, 2014 to Mar 17, 2015
    • Advisory employees · 21 to 13
      Dec 18, 2014 to Mar 17, 2015
    • Advisory activities · 3 to 2
      Dec 18, 2014 to Mar 17, 2015
    Signals
    No event on the tape.
    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