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

M••••• A•••• A••••••• I••

Independent wealth managerWhite Plains, New YorkCRD 107408SEC 801-36872websiteIAPD
Latest filing Mar 24, 2026
First filing on the tape Mar 30, 2012 · 22 filings
SEC status approved since Jun 15, 1990
RAUM
$1.4B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
67%
$941M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$280M
derived; firm RAUM over IAPD count
Employees
12
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$1.4B as of Mar 24, 2026
Mar 30, 2012$874M then
HNW client RAUM$848M as of Mar 24, 2026
Mar 29, 2018$273M then
State-registered IARs (5.B.3)0 as of Mar 24, 2026
Apr 1, 20130 then
Employees (5.A)12 as of Mar 24, 2026
Apr 1, 201315 then
Private funds: 1
RAUM +17% over the last fiscal year+16% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 24, 2026; every figure names its basis
Archetypes, each a printed rule
  • 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
$280MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
121derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.2MderivedHNW RAUM over HNW clients
Average account
$2.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
5.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.4derivedItem 5.A over advisors
Advisors per office
5.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+17%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
+4.5%derived
Compensation
percentage of assets, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, pension consulting, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$318M, 187 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)
  • 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)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$848M67%
  • Other investment advisers$196M15%
  • Individuals$93.2M7.4%
  • Investment companies$57.6M4.6%
  • Pension and profit-sharing plans$53.4M4.2%
  • Charitable organizations$16.1M1.3%
Individual clients
226reported
HNW clients
381reported
Pension plan clients
17reported
Charitable clients
13reported
Accounts
650reported
Financial planning clients
101-250reported
Wrap fee programs
$0 sponsored, $154M managedreported
Custody of client assets
$318M for 187 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.67 fund_share=0.18 institutional_share=0.05 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
D•••• A••• K•••Chartered Financial AnalystWhite Plains, NyAug 20, 202140 y0
S•••••• J•• W•••••••••Chartered Financial AnalystWhite Plains, NyAug 20, 202134 y1
J••••• F••••• P•••••White Plains, NyAug 24, 202138 y1
S••••• G••••• R•••••Chartered Financial AnalystWhite Plains, NyAug 26, 202131 y0
L•• F• B•••••••White Plains, NySep 8, 202130 y0
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
Private funds
1 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
M••••• A••••••••• V•••• P•••••••• L•no longer reportedOther Private Fund$6.2M15Mar 30, 2012
Owners and control persons
Schedule A and B, latest filing
  • A••••• M•••••• J••••••••• · Chief Compliance Officercontrol
    since 02/2022 · owns less than 5%
  • B•••••••• L••• F• · Senior Managing Director/Chief Financial Officercontrol
    since 09/2009 · owns 10% to 25%
  • H••••••• S•••••• L••• · Vice President, Head Equity Trader Of Client Relationscontrol
    since 01/1999 · owns less than 5%
  • K•••• D••••• A••• · President/Chief Investment Officercontrol
    since 05/1990 · owns 50% to 75%
  • M••••• L•••• A••• · Vice President, Director Of Client Relationscontrol
    since 04/2003 · owns less than 5%
  • P•••••• J•••••• F••••• · Managing Director / Senior Portfolio Managercontrol
    since 02/2005 · owns 5% to 10%
  • R•••••• S•••••• G••••• · Managing Director / Senior Portfolio Managercontrol
    since 01/2005 · owns 5% to 10%
  • T••• J•••••••• M•••••• · Senior Vice President, Chief Operating Officercontrol
    since 12/2015 · owns less than 5%
  • W••••••••• S••••••• J•• · Managing Director/Senior Portfolio Managercontrol
    since 04/2010 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
White Plains, Ny · principal500
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Mar 24, 2026
    M••••• L•••• A••• (VICE PRESIDENT, DIRECTOR OF CLIENT RELATIONS) left Schedule A between the filings of 2022-03-24 and 2026-03-24
    peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
  • Accounts · 620 to 650
    Mar 25, 2025 to Mar 24, 2026
  • Advisory employees · 7 to 8
    Mar 25, 2025 to Mar 24, 2026
  • HNW clients · 319 to 381
    Mar 25, 2025 to Mar 24, 2026
  • Individual clients · 262 to 226
    Mar 25, 2025 to Mar 24, 2026
  • Pension plan clients · 13 to 17
    Mar 25, 2025 to Mar 24, 2026
  • Assets in custody · $227M to $318M
    Mar 25, 2025 to Mar 24, 2026
  • Employees · 11 to 12
    Mar 25, 2025 to Mar 24, 2026
  • Discretionary RAUM · $1.2B to $1.4B
    Mar 25, 2025 to Mar 24, 2026
  • HNW RAUM · $652M to $848M
    Mar 25, 2025 to Mar 24, 2026
  • Individual RAUM · $135M to $93.2M
    Mar 25, 2025 to Mar 24, 2026
  • Pension RAUM · $40.9M to $53.4M
    Mar 25, 2025 to Mar 24, 2026
  • RAUM · $1.2B to $1.4B
    Mar 25, 2025 to Mar 24, 2026
  • Wrap assets (manager) · $137M to $154M
    Mar 25, 2025 to Mar 24, 2026
  • Accounts · 606 to 620
    Mar 22, 2024 to Mar 25, 2025
  • Advisory activities · 7 to 6
    Mar 22, 2024 to Mar 25, 2025
  • Charity clients · 12 to 13
    Mar 22, 2024 to Mar 25, 2025
  • HNW clients · 274 to 319
    Mar 22, 2024 to Mar 25, 2025
  • Individual clients · 293 to 262
    Mar 22, 2024 to Mar 25, 2025
  • Pension plan clients · 14 to 13
    Mar 22, 2024 to Mar 25, 2025
  • Employees · 12 to 11
    Mar 22, 2024 to Mar 25, 2025
  • Financial planning clients · 101-250 to 101-250
    Mar 22, 2024 to Mar 25, 2025
  • Discretionary RAUM · $1.0B to $1.2B
    Mar 22, 2024 to Mar 25, 2025
  • HNW RAUM · $541M to $652M
    Mar 22, 2024 to Mar 25, 2025
  • Individual RAUM · $140M to $135M
    Mar 22, 2024 to Mar 25, 2025
  • Pension RAUM · $38.5M to $40.9M
    Mar 22, 2024 to Mar 25, 2025
  • RAUM · $1.0B to $1.2B
    Mar 22, 2024 to Mar 25, 2025
  • Wrap assets (manager) · $123M to $137M
    Mar 22, 2024 to Mar 25, 2025
  • Accounts · 585 to 606
    Mar 27, 2023 to Mar 22, 2024
  • Charity clients · 11 to 12
    Mar 27, 2023 to Mar 22, 2024
  • HNW clients · 242 to 274
    Mar 27, 2023 to Mar 22, 2024
  • Individual clients · 302 to 293
    Mar 27, 2023 to Mar 22, 2024
  • Pension plan clients · 17 to 14
    Mar 27, 2023 to Mar 22, 2024
  • Assets in custody · $196M to $227M
    Mar 27, 2023 to Mar 22, 2024
  • Financial planning clients · 51-100 to 101-250
    Mar 27, 2023 to Mar 22, 2024
  • Discretionary RAUM · $885M to $1.0B
    Mar 27, 2023 to Mar 22, 2024
  • HNW RAUM · $453M to $541M
    Mar 27, 2023 to Mar 22, 2024
  • Individual RAUM · $137M to $140M
    Mar 27, 2023 to Mar 22, 2024
  • Pension RAUM · $36.6M to $38.5M
    Mar 27, 2023 to Mar 22, 2024
  • RAUM · $885M to $1.0B
    Mar 27, 2023 to Mar 22, 2024
  • Wrap assets (manager) · $109M to $123M
    Mar 27, 2023 to Mar 22, 2024
Signals
3 dated events
  • M••••• A•••• A••••••• I•• reported RAUM $994.4M, up 26% from $790.9M (2021-03-30 to 2022-03-24)
    Mar 24, 2022 · RAUM change · derived
  • Jacqueline Algava Mandel (Chief Compliance Officer) appeared on Schedule A of M••••• A•••• A••••••• I••
    Mar 24, 2022 · Control person joined · fact
  • John Conall Duffin (Vice President, Chief Compliance Officer) no longer on Schedule A of M••••• A•••• A••••••• I•• (listed 2021-03-30, absent 2022-03-24)
    Mar 24, 2022 · 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 email
matrix@matrixassetadvisors.comreportedpublished by the firm, firm site, Sep 17, 2026
Business phone
800-366-6223reportedpublished by the firm, firm site, Sep 17, 2026
Business phone
212-486-2004reportedpublished by the firm, firm site, Sep 17, 2026
Firm profile
linkedin.com/company/matrix-asset-advisors-increportedpublic record, Form ADV, Sep 18, 2026
Website
M•••••ASSETADVISORS.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
212-486-2004reportedpublic record, Form ADV, Mar 24, 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
$280Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026