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.
SEC-registered adviser
Its Asset Management, L.P.
Legal name Its Asset Management LP
Latest filing Jun 9, 2026
First filing on the tape Feb 10, 2012 · 64 filings
SEC status approved since Feb 10, 1971
RAUM
$298M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
83%
$247M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$149M
derived; firm RAUM over IAPD count
Employees
9
2 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
64 filings and snapshots on the tape
RAUM$298M as of Jun 9, 2026
Feb 10, 2012$1.3B then
HNW client RAUM$155M as of Jun 9, 2026
Feb 28, 2018$6.0M then
State-registered IARs (5.B.3)2 as of Jun 9, 2026
Feb 19, 20138 then
Employees (5.A)9 as of Jun 9, 2026
Feb 19, 201325 then
Private funds: no history
RAUM +5.3% over the last fiscal year+1.4% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Jun 9, 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
- RAUM per advisor
- $149MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 293derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $7.7MderivedHNW RAUM over HNW clients
- Average account
- $324,405derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 8.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 4.5derivedItem 5.A over advisors
- Advisors per office
- 0.7derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +5.3%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -24%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$155M52%
- Individuals$92.1M31%
- Corporations and businesses$25.0M8.4%
- Charitable organizations$15.2M5.1%
- Pension and profit-sharing plans$10.5M3.5%
- State and municipal entities$419,4210.1%
- Individual clients
- 566reported
- HNW clients
- 20reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 918reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.83 fund_share=0.0 institutional_share=0.09 related_bd=false related_bank=false bd_reps=1.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Jon William Erdner | Washington, Pa | Jan 2, 1996 | 50 y | 0 |
| William Frederick Wadsworth | North Haven, Ct | Nov 2, 2021 | 34 y | 1 |
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
- Michael James Throckmorton to Investment Research CorpAug 11, 2020 · RIA to RIA
- Strawn Christian Markle to Lji Wealth Management, LLCSep 8, 2017 · Other
- Christopher John Romano to Rayliant Asset Management, LLCDec 9, 2011 · Other
- Erik Robert Dodds to World Capital Advisors, LLCJan 31, 2008 · Other
- Anthony J Bonanno to Park Avenue Securities LLCDec 31, 2006 · Other
Joined, latest
- Michael James Throckmorton from Investment Research CorpJan 3, 2019 · RIA to RIA
- Christopher John Romano from Blue Vase Securities, LLCApr 5, 2006 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- William Jon Erdner · Ciocontrolsince 08/1976 · owns less than 5%
- Scott Lonny Elfenbein · Chief Compliance Officersince 07/2023 · owns less than 5%
Entity owners
- Wadsworth Family, LLC · Owner And Limited Partnerdirect · owns 75% or more
- Wadsworth Financial Group Inc. · General Partnerdirect · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
- North Haven, CT1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- clients down average size upCombination · filing Mar 17, 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 $282,828,566 to $297,803,611, advisors 2 to 2, private clients 773 to 586, offices 2 to 2 (2025-04-17 to 2026-03-17)peers: independent wealth managers, $100M to $500M (5,676)
- HNW share shiftChange between filings · filing Mar 17, 2026HNW share of RAUM moved from 35.0% to 52.0% between the annual amendments of 2025-04-17 and 2026-03-17peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Employees · 8 to 9Apr 17, 2025 to Mar 17, 2026
- Accounts · 1,089 to 918Apr 17, 2025 to Mar 17, 2026
- Corporate clients · 16 to 12Apr 17, 2025 to Mar 17, 2026
- HNW clients · 26 to 20Apr 17, 2025 to Mar 17, 2026
- Individual clients · 747 to 566Apr 17, 2025 to Mar 17, 2026
- Pension plan clients · 5.0 to unsetApr 17, 2025 to Mar 17, 2026
- Discretionary RAUM · $283M to $298MApr 17, 2025 to Mar 17, 2026
- HNW RAUM · $99.6M to $155MApr 17, 2025 to Mar 17, 2026
- Individual RAUM · $99.4M to $92.1MApr 17, 2025 to Mar 17, 2026
- Pension RAUM · $9.6M to $10.5MApr 17, 2025 to Mar 17, 2026
- RAUM · $283M to $298MApr 17, 2025 to Mar 17, 2026
- Accounts · 1,201 to 1,089Nov 21, 2024 to Apr 17, 2025
- Corporate clients · 17 to 16Nov 21, 2024 to Apr 17, 2025
- HNW clients · 9 to 26Nov 21, 2024 to Apr 17, 2025
- Individual clients · 813 to 747Nov 21, 2024 to Apr 17, 2025
- Employees · 9 to 8Nov 21, 2024 to Apr 17, 2025
- Financial planning clients · 0 to 0Nov 21, 2024 to Apr 17, 2025
- HQ city · WASHINGTON to NORTH HAVENNov 21, 2024 to Apr 17, 2025
- HQ state · PA to CTNov 21, 2024 to Apr 17, 2025
- Other offices · 1 to 2Nov 21, 2024 to Apr 17, 2025
- Discretionary RAUM · $269M to $283MNov 21, 2024 to Apr 17, 2025
- HNW RAUM · $85.8M to $99.6MNov 21, 2024 to Apr 17, 2025
- Individual RAUM · $105M to $99.4MNov 21, 2024 to Apr 17, 2025
- Pension RAUM · $9.8M to $9.6MNov 21, 2024 to Apr 17, 2025
- RAUM · $269M to $283MNov 21, 2024 to Apr 17, 2025
- Accounts · 1,491 to 1,201Jan 2, 2024 to Mar 31, 2024
- Charity clients · 1.0 to unsetJan 2, 2024 to Mar 31, 2024
- Corporate clients · 18 to 17Jan 2, 2024 to Mar 31, 2024
- HNW clients · 69 to 9Jan 2, 2024 to Mar 31, 2024
- Individual clients · 952 to 813Jan 2, 2024 to Mar 31, 2024
- Discretionary RAUM · $286M to $269MJan 2, 2024 to Mar 31, 2024
- HNW RAUM · $110M to $85.8MJan 2, 2024 to Mar 31, 2024
- Individual RAUM · $115M to $105MJan 2, 2024 to Mar 31, 2024
- Pension RAUM · $10.5M to $9.8MJan 2, 2024 to Mar 31, 2024
- RAUM · $286M to $269MJan 2, 2024 to Mar 31, 2024
- Accounts · 1,544 to 1,491Jan 24, 2023 to Mar 31, 2023
- Charity clients · unset to 1.0Jan 24, 2023 to Mar 31, 2023
- Corporate clients · 20 to 18Jan 24, 2023 to Mar 31, 2023
- HNW clients · 132 to 69Jan 24, 2023 to Mar 31, 2023
- Individual clients · 1,282 to 952Jan 24, 2023 to Mar 31, 2023
Signals
2 dated events
- Its Asset Management, L.P. reported RAUM $335.1M, up 218% from $105.5M (2021-12-10 to 2022-02-28)Feb 28, 2022 · RAUM change · derived
- Ryan Michael Schofield (Managing Director) no longer on Schedule A of Its Asset Management, L.P. (listed 2020-06-29, absent 2020-07-30)Jul 30, 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.
How to reach
public business contact points only, each with its source
- Business phone
- 203-234-9499reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 203-234-9550reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 800-678-9730reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- ptsmanagement.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 203-234-9499reportedpublic record, Form ADV, Jun 9, 2026
- Contact form
- ptsmanagement.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
- $149Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026