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.

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SEC-registered adviser

A••••• C•••••• M•••••••••

Independent wealth managerMenlo Park, CaliforniaCRD 107501SEC 801-41657websiteIAPD
Latest filing Jul 21, 2026
First filing on the tape Mar 24, 2012 · 38 filings
SEC status approved since Jun 4, 1992
RAUM
$582M
reported, Item 5.F
Discretionary
80%
of RAUM
Private clients
96%
$560M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$194M
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$582M as of Jul 21, 2026
Mar 24, 2012$207M then
HNW client RAUM$550M as of Jul 21, 2026
Mar 16, 2018$179M then
State-registered IARs (5.B.3)3 as of Jul 21, 2026
Mar 24, 20120 then
Employees (5.A)5 as of Jul 21, 2026
Mar 11, 20134 then
Private funds: no history
RAUM +19% over the last fiscal year+16% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Jul 21, 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
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$194MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
53derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.3MderivedHNW RAUM over HNW clients
Average account
$1.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
80%derivedof RAUM
Institutional
3.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.7derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+19%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+1.9%derived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 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)
  • 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 securities (9.A.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$550M95%
  • Pension and profit-sharing plans$20.6M3.5%
  • Individuals$9.8M1.7%
  • Charitable organizations$1.4M0.2%
  • Corporations and businesses$104,8890.0%
Individual clients
31reported
HNW clients
129reported
Pension plan clients
1reported
Charitable clients
1reported
Accounts
508reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, hourlyreported
Class basis
private_client_share=0.96 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
R••• N••••• R••••••••Menlo Park, CaMar 5, 202018 y4
C•••• B•••••Menlo Park, CaFeb 26, 202534 y0
K••• D• C•••Menlo Park, CaMay 29, 202511 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
Left, latest
none on the tape
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • B•••••• C•••• · Partner/Chief Executive Officercontrol
      since 03/2016 · owns 50% to 75%
    • N••••••••• S•••••• R•• · Shareholder
      since 08/2021 · owns 5% to 10%
    • R••••••••• R•••• N••••• · Partner/Chief Compliance Officer
      since 08/2021 · owns 25% to 50%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Menlo Park, Ca · principal300
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • HQ city · PORT OF REDWOOD CITY to MENLO PARK
      Mar 19, 2026 to Jul 21, 2026
    • Accounts · 487 to 508
      Nov 4, 2025 to Mar 19, 2026
    • Advisory employees · 2 to 3
      Nov 4, 2025 to Mar 19, 2026
    • Charity clients · unset to 1.0
      Nov 4, 2025 to Mar 19, 2026
    • Corporate clients · unset to 1.0
      Nov 4, 2025 to Mar 19, 2026
    • HNW clients · 132 to 129
      Nov 4, 2025 to Mar 19, 2026
    • Individual clients · 25 to 31
      Nov 4, 2025 to Mar 19, 2026
    • Pension plan clients · unset to 1.0
      Nov 4, 2025 to Mar 19, 2026
    • Assets in custody · $163M to $277M
      Nov 4, 2025 to Mar 19, 2026
    • Employees · 4 to 5
      Nov 4, 2025 to Mar 19, 2026
    • Financial planning clients · 51-100 to 101-250
      Nov 4, 2025 to Mar 19, 2026
    • Discretionary RAUM · $417M to $464M
      Nov 4, 2025 to Mar 19, 2026
    • HNW RAUM · $464M to $550M
      Nov 4, 2025 to Mar 19, 2026
    • Individual RAUM · $8.4M to $9.8M
      Nov 4, 2025 to Mar 19, 2026
    • Non-discretionary RAUM · $70.6M to $118M
      Nov 4, 2025 to Mar 19, 2026
    • Pension RAUM · $13.9M to $20.6M
      Nov 4, 2025 to Mar 19, 2026
    • RAUM · $487M to $582M
      Nov 4, 2025 to Mar 19, 2026
    • Advisory employees · 3 to 2
      Apr 22, 2025 to Nov 4, 2025
    • Employees · 5 to 4
      Apr 22, 2025 to Nov 4, 2025
    • Financial planning clients · 51-100 to 51-100
      Mar 4, 2025 to Apr 22, 2025
    • Accounts · 443 to 487
      Oct 28, 2024 to Mar 4, 2025
    • Advisory employees · 2 to 3
      Oct 28, 2024 to Mar 4, 2025
    • HNW clients · 129 to 132
      Oct 28, 2024 to Mar 4, 2025
    • Individual clients · 22 to 25
      Oct 28, 2024 to Mar 4, 2025
    • Assets in custody · $7.6M to $163M
      Oct 28, 2024 to Mar 4, 2025
    • Employees · 3 to 5
      Oct 28, 2024 to Mar 4, 2025
    • State-registered IARs · 1 to 3
      Oct 28, 2024 to Mar 4, 2025
    • Discretionary RAUM · $394M to $417M
      Oct 28, 2024 to Mar 4, 2025
    • HNW RAUM · $385M to $464M
      Oct 28, 2024 to Mar 4, 2025
    • Individual RAUM · $8.0M to $8.4M
      Oct 28, 2024 to Mar 4, 2025
    • Non-discretionary RAUM · $6.0M to $70.6M
      Oct 28, 2024 to Mar 4, 2025
    • Pension RAUM · $6.5M to $13.9M
      Oct 28, 2024 to Mar 4, 2025
    • RAUM · $400M to $487M
      Oct 28, 2024 to Mar 4, 2025
    • Legal name · DAVID R. RAHN & ASSOCIATES INC. to A••••• C•••••• M•••••••••
      Jan 30, 2024 to Jan 31, 2024
    • Accounts · 440 to 443
      Feb 21, 2023 to Jan 30, 2024
    • Charity clients · 1.0 to unset
      Feb 21, 2023 to Jan 30, 2024
    • HNW clients · 160 to 129
      Feb 21, 2023 to Jan 30, 2024
    • Individual clients · unset to 22.0
      Feb 21, 2023 to Jan 30, 2024
    • Pension plan clients · 1.0 to unset
      Feb 21, 2023 to Jan 30, 2024
    • Assets in custody · $6.9M to $7.6M
      Feb 21, 2023 to Jan 30, 2024
    Signals
    1 dated events
    • Daniel William Oberman (Vice President/Portfolio Manager) no longer on Schedule A of A••••• C•••••• M••••••••• (listed 2021-09-24, absent 2021-10-04)
      Oct 4, 2021 · 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
    k•••••••@a•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business phone
    650-306-1500reportedpublished by the firm, firm site, Sep 15, 2026
    Firm profile
    linkedin.com/company/2005914/adminreportedpublic record, Form ADV, Sep 18, 2026
    Website
    A•••••CAPITAL.COMreportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    650-306-1500reportedpublic record, Form ADV, Jul 21, 2026
    Team page
    a•••••••••.comreportedpublished 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
    $194Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026