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.
SEC-registered adviser
B••• B••• W•••••
Legal name B••• B••• W•••••• L••
Latest filing Feb 17, 2026
First filing on the tape Mar 30, 2020 · 14 filings
SEC status approved since Apr 29, 2020
RAUM
$317M
reported, Item 5.F
Discretionary
93%
of RAUM
Private clients
93%
$294M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$39.6M
derived; firm RAUM over IAPD count
Employees
9
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$317M as of Feb 17, 2026
Apr 5, 2021$151M then
HNW client RAUM$246M as of Feb 17, 2026
Apr 5, 2021$120M then
State-registered IARs (5.B.3)6 as of Feb 17, 2026
Apr 5, 20215 then
Employees (5.A)9 as of Feb 17, 2026
Apr 5, 20217 then
Private funds: no history
RAUM -39% over the last fiscal year+4.7% a year over threeIARs 9 to 6offices 1 to 0
Practice profile
derived from the filing of Feb 17, 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
- $39.6MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 28derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.4MderivedHNW RAUM over HNW clients
- Average account
- $465,590derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 93%derivedof RAUM
- Institutional
- 7.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.1derivedItem 5.A over advisors
- Advisors per office
- 8.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -39%derivedbetween the last two annual amendments
- Advisor growth, one year
- -33%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -24%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
- Custody
- $148M, 26 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
- High-net-worth individuals$246M78%
- Individuals$48.3M15%
- Pension and profit-sharing plans$22.6M7.1%
- Individual clients
- 180reported
- HNW clients
- 46reported
- Pension plan clients
- 7reported
- Charitable clients
- n/areported
- Accounts
- 681reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- $148M for 26 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.93 fund_share=0.0 institutional_share=0.07 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| J•••••• T••• B•••••••Certified Financial Planner, Chartered Financial Analyst | New York, Ny | Nov 13, 2017 | 15 y | 2 |
| J••••• K•••••• E•••••••Certified Financial Planner | Orem, Ut | Jan 24, 2023 | 11 y | 0 |
| L••••• S••••••• M•••••••••Certified Financial Planner | Sandy, Ut | Jul 20, 2023 | 11 y | 2 |
| S•••• D•••••• T•••• | Orem, Ut | Jan 23, 2024 | 9 y | 0 |
| S•••• H••••• G••••••Certified Financial Planner | Orem, Ut | Apr 22, 2024 | 42 y | 1 |
| M••• T••••• S•••••• | Orem, Ut | Apr 22, 2024 | 38 y | 1 |
| N••••• M• M••••••Certified Financial Planner | Orem, Ut | Nov 5, 2024 | 11 y | 0 |
| K•••••• W••••• | Orem, Ut | Mar 25, 2025 | 29 y | 1 |
Advisor movement
2 left, 0 joined in 12 months
net -2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 25% of current headcount2 left over 36 months
Left, latest
- H•••• L•••••• S•••• to L•••• W•••••• L••Feb 17, 2026 · RIA to a newly registered adviser
- W•••• G••••• L••••••••• to L•••• W•••••• L••Feb 17, 2026 · RIA to a newly registered adviser
- T••••• J•••• B••• to A••••••• F••••••••• L••Jan 20, 2023 · RIA to a state-registered adviser
- D•••• P••• F••••• to D•••••••• W••••• M••••••••• L••Dec 21, 2022 · RIA to RIA
Joined, latest
- K•••••• W••••• from F•••• F•••••••• A•••••••Mar 25, 2025 · Other
- S•••• H••••• G•••••• from S•••••••• F•••••••• G••••• I••Apr 22, 2024 · Other
- M••• T••••• S•••••• from S•••••••• F•••••••• G••••• I••Apr 22, 2024 · Other
- L••••• S••••••• M••••••••• from C•••••••Jul 20, 2023 · Other
- J•••••• T••• B••••••• from B••• B••• W•••••• L••Nov 13, 2017 · Other
- H•••• L•••••• S•••• from B•• P•••••••• I•••Apr 2, 2015 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for L•••• W•••••• L••Feb 17, 2026 · Orem, Ut
- 2 joined from S•••••••• F•••••••• G••••• I••Sep 30, 2024 · Orem, Ut
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B•••••••• J••••••• T••• · Managing Partnercontrolsince 11/2017 · owns less than 5%
- C•••••••• B•••••••• F••••••• · Partner & Chief Compliance Officercontrolsince 01/2022 · owns less than 5%
- S••••• H••••• L•••••• · Managing Partnercontrolsince 05/2015 · owns less than 5%
- B•••••••• J••••••• T••• · Owner & Managercontrolsince 02/2016 · owns 75% or more of F•••• F•• G••• F••••••••• L••
- S••••• H••••• L•••••• · Owner & Managercontrolsince 09/2017 · owns 75% or more of H•••• L• S••••• L••
Entity owners
- H•• W••••• M••••••••• L•• · Ownerdirect · owns 75% or more
- F•••• F•• G••• F••••••••• L•• · Ownerindirect · owns 25% to 50% of H•• W••••• M••••••••• L••
- H•••• L• S••••• L•• · Ownerindirect · owns 25% to 50% of H•• W••••• M••••••••• L••
Related persons
Schedule D 7.A
- S•••• G•••••• A•• M••• S••••••investment advisern
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Orem, Ut · principal | 8 | 0 | 2 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Salt Lake City, UT3 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- RAUM down 25 %Change between filings · filing Feb 17, 2026RAUM (Item 5.F) moved from $521,370,490 to $317,067,080 (-39.0%) between the annual amendments of 2025-04-03 and 2026-02-17; the peer median change was +15.0% (4550 comparable advisers, 1.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,550) · 0.9% percentile
- advisor count dropChange between filings · filing Feb 17, 2026advisory representatives (Item 5.B.3) moved from 9.0 to 6.0 (-33.0%) between the annual amendments of 2025-04-03 and 2026-02-17; the peer median change was 0.0% (965 comparable advisers, 4.0th percentile of changes)peers: independent wealth managers, $100M to $500M (965) · 4.1% percentile
What changed
consecutive filings, newest first
- Accounts · 990 to 681Apr 3, 2025 to Feb 17, 2026
- Advisory employees · 9 to 6Apr 3, 2025 to Feb 17, 2026
- HNW clients · 97 to 46Apr 3, 2025 to Feb 17, 2026
- Individual clients · 199 to 180Apr 3, 2025 to Feb 17, 2026
- Assets in custody · $273M to $148MApr 3, 2025 to Feb 17, 2026
- Employees · 12 to 9Apr 3, 2025 to Feb 17, 2026
- Financial planning clients · 251-500 to 101-250Apr 3, 2025 to Feb 17, 2026
- State-registered IARs · 9 to 6Apr 3, 2025 to Feb 17, 2026
- Other offices · 1 to 0Apr 3, 2025 to Feb 17, 2026
- Discretionary RAUM · $504M to $294MApr 3, 2025 to Feb 17, 2026
- HNW RAUM · $445M to $246MApr 3, 2025 to Feb 17, 2026
- Individual RAUM · $58.7M to $48.3MApr 3, 2025 to Feb 17, 2026
- Non-discretionary RAUM · $17.5M to $22.6MApr 3, 2025 to Feb 17, 2026
- Pension RAUM · $17.5M to $22.6MApr 3, 2025 to Feb 17, 2026
- RAUM · $521M to $317MApr 3, 2025 to Feb 17, 2026
- Related adviser · true to falseApr 3, 2025 to Feb 17, 2026
- Accounts · 765 to 990Feb 7, 2025 to Apr 3, 2025
- Advisory employees · 8 to 9Feb 7, 2025 to Apr 3, 2025
- Advisory activities · 6 to 4Feb 7, 2025 to Apr 3, 2025
- HNW clients · 77 to 97Feb 7, 2025 to Apr 3, 2025
- Individual clients · 142 to 199Feb 7, 2025 to Apr 3, 2025
- Pension plan clients · 6 to 7Feb 7, 2025 to Apr 3, 2025
- Assets in custody · $213M to $273MFeb 7, 2025 to Apr 3, 2025
- Employees · 11 to 12Feb 7, 2025 to Apr 3, 2025
- Financial planning clients · 101-250 to 251-500Feb 7, 2025 to Apr 3, 2025
- State-registered IARs · 8 to 9Feb 7, 2025 to Apr 3, 2025
- Discretionary RAUM · $420M to $504MFeb 7, 2025 to Apr 3, 2025
- HNW RAUM · $374M to $445MFeb 7, 2025 to Apr 3, 2025
- Individual RAUM · $45.9M to $58.7MFeb 7, 2025 to Apr 3, 2025
- Non-discretionary RAUM · $11.4M to $17.5MFeb 7, 2025 to Apr 3, 2025
- Pension RAUM · $11.4M to $17.5MFeb 7, 2025 to Apr 3, 2025
- RAUM · $431M to $521MFeb 7, 2025 to Apr 3, 2025
- Advisory employees · 7 to 8Dec 10, 2024 to Feb 7, 2025
- Employees · 10 to 11Dec 10, 2024 to Feb 7, 2025
- State-registered IARs · 7 to 8Dec 10, 2024 to Feb 7, 2025
- Insurance-licensed employees · 2 to 0Nov 5, 2024 to Dec 10, 2024
- Advisory employees · 6 to 7Apr 22, 2024 to Nov 5, 2024
- Employees · 9 to 10Apr 22, 2024 to Nov 5, 2024
- State-registered IARs · 6 to 7Apr 22, 2024 to Nov 5, 2024
- Advisory employees · 4 to 6Mar 29, 2024 to Apr 22, 2024
Signals
11 dated events
- W•••• G••••• L••••••••• left B••• B••• W••••• for L•••• W•••••• L•• (registered 2025-08-20)Feb 17, 2026 · Advisor changed firm · fact
- H•••• L•••••• S•••• left B••• B••• W••••• for L•••• W•••••• L•• (registered 2025-08-20)Feb 17, 2026 · Advisor changed firm · fact
- B••• B••• W••••• reported RAUM $317.1M, down 39% from $521.4M (2025-04-03 to 2026-02-17)Feb 17, 2026 · RAUM change · derived
- 2 advisors left B••• B••• W••••• (Orem, UT) for L•••• W•••••• L•• on the same dayFeb 17, 2026 · Team lift-out · derived
- 2 advisors left S•••••••• F•••••••• G••••• I•• (Orem, UT) for B••• B••• W••••• on the same daySep 30, 2024 · Team lift-out · derived
- B••• B••• W••••• reported RAUM $431.4M, up 56% from $276.5M (2023-03-31 to 2024-03-29)Mar 29, 2024 · RAUM change · derived
- T••••• J•••• B••• left B••• B••• W••••• for A••••••• F••••••••• L•• (registered 2023-08-14)Jan 20, 2023 · Advisor changed firm · fact
- D•••• P••• F••••• left B••• B••• W••••• for D•••••••• W••••• M••••••••• L•• (registered 2022-09-26)Dec 21, 2022 · Advisor changed firm · fact
- B••• B••• W••••• reported RAUM $270.3M, up 79% from $150.6M (2022-02-07 to 2022-04-01)Apr 1, 2022 · RAUM change · derived
- Franklin Benjamin Cummings (Partner & Chief Compliance Officer) appeared on Schedule A of B••• B••• W•••••Apr 1, 2022 · Control person joined · fact
- B••• B••• W••••• filed its initial SEC registration (Form ADV)Mar 30, 2020 · ria f•••• adv filing · 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
- Business phone
- 801-466-4101reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- bluebarnwealth.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (801) 466-4101reportedpublic record, Form ADV, Feb 17, 2026
- Contact form
- bluebarnwealth.com/contactreportedpublished by the firm, firm site, Sep 15, 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
- $39.6Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026