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
Delta Financial Group, Inc.
Latest filing Mar 11, 2024
First filing on the tape Mar 28, 2012 · 24 filings
SEC status approved since May 9, 1991
RAUM
$1.2B
reported, Item 5.F
Discretionary
94%
of RAUM
Private clients
98%
$1.2B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
10
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$1.2B as of Mar 11, 2024
Mar 28, 2012$221M then
HNW client RAUM$917M as of Mar 11, 2024
Mar 23, 2018$356M then
State-registered IARs (5.B.3)4 as of Mar 11, 2024
Mar 28, 20120 then
Employees (5.A)10 as of Mar 11, 2024
Mar 27, 20136 then
Private funds: no history
RAUM +20% over the last fiscal year+9.5% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 11, 2024; every figure names its basis
- RAUM per advisor
- $299MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 269derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.8MderivedHNW RAUM over HNW clients
- Average account
- $367,752derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 94%derivedof RAUM
- Institutional
- 2.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.5derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +20%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +34%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Custody
- $76.1M, 64 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$917M77%
- Individuals$254M21%
- Pension and profit-sharing plans$24.0M2.0%
- Corporations and businesses$2.4M0.2%
- Charitable organizations$815,2800.1%
- Individual clients
- 752reported
- HNW clients
- 322reported
- Pension plan clients
- 12reported
- Charitable clients
- 2reported
- Accounts
- 3,256reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $76.1M for 64 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
- Wayne W Howell to Cw Advisors, LLCMar 27, 2025 · RIA to RIA
- Joseph Dennis Marrocco to Cw Advisors, LLCMar 27, 2025 · RIA to RIA
- Joseph John Macellara to Cw Advisors, LLCMar 27, 2025 · RIA to RIA
- Sean Francis Donovan to Cw Advisors, LLCMar 27, 2025 · RIA to RIA
Joined, latest
- Joseph Dennis Marrocco from Strategic Advisers LLCAug 4, 2017 · Other
- Wayne W Howell from Avantax Advisory ServicesJul 17, 2013 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 4 left for Cw Advisors, LLCMar 27, 2025 · Basking Ridge, Nj · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Francis Sean Donovan · Chief Compliance Officercontrolsince 09/2004 · owns 50% to 75%
- John Joseph Macellara · Vice-Presidentcontrolsince 04/1991 · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Basking Ridge, Nj · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 3,051 to 3,256Mar 22, 2023 to Mar 11, 2024
- Corporate clients · unset to 5.0Mar 22, 2023 to Mar 11, 2024
- HNW clients · 374 to 322Mar 22, 2023 to Mar 11, 2024
- Individual clients · 428 to 752Mar 22, 2023 to Mar 11, 2024
- Pension plan clients · unset to 12.0Mar 22, 2023 to Mar 11, 2024
- Assets in custody · $83.4M to $76.1MMar 22, 2023 to Mar 11, 2024
- Financial planning clients · More than 500 to 251-500Mar 22, 2023 to Mar 11, 2024
- Discretionary RAUM · $934M to $1.1BMar 22, 2023 to Mar 11, 2024
- HNW RAUM · $762M to $917MMar 22, 2023 to Mar 11, 2024
- Individual RAUM · $234M to $254MMar 22, 2023 to Mar 11, 2024
- Non-discretionary RAUM · $62.0M to $72.4MMar 22, 2023 to Mar 11, 2024
- Pension RAUM · unset to 23970972.0Mar 22, 2023 to Mar 11, 2024
- RAUM · $996M to $1.2BMar 22, 2023 to Mar 11, 2024
- Accounts · 3,088 to 3,051Mar 22, 2022 to Mar 14, 2023
- Charity clients · 1 to 2Mar 22, 2022 to Mar 14, 2023
- HNW clients · 424 to 374Mar 22, 2022 to Mar 14, 2023
- Individual clients · 341 to 428Mar 22, 2022 to Mar 14, 2023
- Assets in custody · $48.4M to $83.4MMar 22, 2022 to Mar 14, 2023
- Discretionary RAUM · $1.0B to $934MMar 22, 2022 to Mar 14, 2023
- HNW RAUM · $379M to $762MMar 22, 2022 to Mar 14, 2023
- Individual RAUM · $697M to $234MMar 22, 2022 to Mar 14, 2023
- Non-discretionary RAUM · $60.9M to $62.0MMar 22, 2022 to Mar 14, 2023
- RAUM · $1.1B to $996MMar 22, 2022 to Mar 14, 2023
- Accounts · 3,136 to 3,088Nov 10, 2021 to Mar 22, 2022
- HNW clients · 386 to 424Nov 10, 2021 to Mar 22, 2022
- Individual clients · 319 to 341Nov 10, 2021 to Mar 22, 2022
- Assets in custody · $37.8M to $48.4MNov 10, 2021 to Mar 22, 2022
- Employees · 9 to 10Nov 10, 2021 to Mar 22, 2022
- Discretionary RAUM · $855M to $1.0BNov 10, 2021 to Mar 22, 2022
- HNW RAUM · $214M to $379MNov 10, 2021 to Mar 22, 2022
- Individual RAUM · $697M to $697MNov 10, 2021 to Mar 22, 2022
- Non-discretionary RAUM · $56.5M to $60.9MNov 10, 2021 to Mar 22, 2022
- RAUM · $911M to $1.1BNov 10, 2021 to Mar 22, 2022
- Accounts · 2,837 to 3,136Jun 30, 2020 to Mar 25, 2021
- Charity clients · unset to 1.0Jun 30, 2020 to Mar 25, 2021
- HNW clients · 338 to 386Jun 30, 2020 to Mar 25, 2021
- Individual clients · 308 to 319Jun 30, 2020 to Mar 25, 2021
- Assets in custody · $60.0M to $37.8MJun 30, 2020 to Mar 25, 2021
- Discretionary RAUM · $680M to $855MJun 30, 2020 to Mar 25, 2021
- HNW RAUM · $463M to $214MJun 30, 2020 to Mar 25, 2021
Signals
7 dated events
- Delta Financial Group, Inc. no longer on the SEC adviser roster (last listed 2025-03-06, RAUM $1.2B)May 2, 2025 · Left the SEC roster · derived
- Joseph Dennis Marrocco left Delta Financial Group, Inc. for Cw Advisors, Llc (registered 2025-04-11)Mar 27, 2025 · Advisor changed firm · fact
- Wayne W Howell left Delta Financial Group, Inc. for Cw Advisors, Llc (registered 2025-03-24)Mar 27, 2025 · Advisor changed firm · fact
- Joseph John Macellara left Delta Financial Group, Inc. for Cw Advisors, Llc (registered 2025-03-24)Mar 27, 2025 · Advisor changed firm · fact
- Sean Francis Donovan left Delta Financial Group, Inc. for Cw Advisors, Llc (registered 2025-03-28)Mar 27, 2025 · Advisor changed firm · fact
- Delta Financial Group, Inc.'s advisors moved to CW Advisors, LLC (Basking Ridge, NJ): 4 of 4 registered, on the same dayMar 27, 2025 · Firm absorbed (people side) · derived
- Delta Financial Group, Inc. reported RAUM $614.3M, up 32% from $467.0M (2017-12-06 to 2018-03-23)Mar 23, 2018 · RAUM change · derived
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