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
Hcm Wealth Advisors
Legal name Hengehold Capital Management LLC
Latest filing Mar 2, 2026
First filing on the tape Feb 10, 2012 · 54 filings
SEC status approved since Nov 29, 1990
RAUM
$1.2B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
91%
$1.1B individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$137M
derived; firm RAUM over IAPD count
Employees
11
9 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
54 filings and snapshots on the tape
RAUM$1.2B as of Mar 2, 2026
Feb 10, 2012$392M then
HNW client RAUM$926M as of Mar 2, 2026
Mar 1, 2018$347M then
State-registered IARs (5.B.3)9 as of Mar 2, 2026
Mar 1, 20130 then
Employees (5.A)11 as of Mar 2, 2026
Mar 1, 20138 then
Private funds: no history
RAUM +14% over the last fiscal year+15% a year over threeIARs 9 to 9
Practice profile
derived from the filing of Mar 2, 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
- RAUM per advisor
- $137MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 94derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.8MderivedHNW RAUM over HNW clients
- Average account
- $415,175derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 4.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +6.8%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisers, publications, educational seminarsreportedItem 5.G
- Custody
- $95.9M, 59 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$926M75%
- Individuals$188M15%
- Corporations and businesses$99.4M8.1%
- Charitable organizations$16.7M1.4%
- Pension and profit-sharing plans$304,8650.0%
- Individual clients
- 516reported
- HNW clients
- 334reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 2,964reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $95.9M for 59 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.91 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
9 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Michael Thomas HengeholdPersonal Financial Specialist | Cincinnati, Oh | Apr 17, 2003 | 36 y | 0 |
| Casey Michael Boland | Cincinnati, Oh | Dec 11, 2014 | 35 y | 0 |
| Jake Elliott ButcherCertified Financial Planner | Cincinnati, Oh | Dec 11, 2014 | 15 y | 0 |
| Gregory Allen MiddendorfCertified Financial Planner | Cincinnati, Oh | Dec 18, 2014 | 19 y | 0 |
| James Randall EutslerCertified Financial Planner | Cincinnati, Oh | Sep 4, 2015 | 11 y | 0 |
| Steven Elias HengeholdCertified Financial Planner | Cincinnati, Oh | Oct 8, 2015 | 12 y | 0 |
| Douglas Peter JohnsonChartered Financial Analyst | Cincinnati, Oh | Sep 29, 2017 | 22 y | 1 |
| Matthew Nicholas CalmeCertified Financial Planner | Cincinnati, Oh | Jun 3, 2019 | 12 y | 2 |
| Daniel Rinck | Cincinnati, Oh | Jun 18, 2021 | 14 y | 0 |
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 headcount1 left over 36 months
Left, latest
- Vaughn William Kellerman to Gannett Wealth AdvisorsMar 14, 2024 · RIA to RIA
- Jeffrey Allen Creek to Callahan FinancialSep 11, 2015 · Other
Joined, latest
- Vaughn William Kellerman from Kestra Advisory Services, LLCSep 23, 2021 · Affiliated broker-dealer or bank to independent RIA
- Matthew Nicholas Calme from Fidelity Personal And Workplace AdvisorsJun 3, 2019 · Affiliated broker-dealer or bank to independent RIA
- Douglas Peter Johnson from Ameriprise Financial Services, LLCSep 29, 2017 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Elliott Jake Butcher · Presidentcontrolsince 04/2015 · owns 10% to 25%
- Thomas Michael Hengehold · Ownercontrolsince 01/1990 · owns 25% to 50%
- Peter Douglas Johnson · Chief Compliance Officercontrolsince 09/2020 · owns 5% to 10%
- Rea Laura Adams · Ownersince 01/2024 · owns less than 5%
- Michael Casey Boland · Ownersince 12/2020 · owns 5% to 10%
- Nicholas Matthew Calme · Ownersince 01/2025 · owns less than 5%
- Randall James Eutsler · Ownersince 12/2020 · owns 5% to 10%
- Elias Steven Hengehold · Ownersince 12/2020 · owns 10% to 25%
- Allen Gregory Middendorf · Ownersince 04/2015 · owns 5% to 10%
Related persons
Schedule D 7.A
- Hg Cpas LLCinsurancey
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Cincinnati, Oh · principal | 9 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Cincinnati, OH1 employees
What changed
consecutive filings, newest first
- Accounts · 2,742 to 2,964Feb 20, 2025 to Feb 12, 2026
- HNW clients · 296 to 334Feb 20, 2025 to Feb 12, 2026
- Individual clients · 500 to 516Feb 20, 2025 to Feb 12, 2026
- Assets in custody · $65.9M to $95.9MFeb 20, 2025 to Feb 12, 2026
- Employees · 9 to 11Feb 20, 2025 to Feb 12, 2026
- Discretionary RAUM · $1.1B to $1.2BFeb 20, 2025 to Feb 12, 2026
- HNW RAUM · $775M to $926MFeb 20, 2025 to Feb 12, 2026
- Individual RAUM · $197M to $188MFeb 20, 2025 to Feb 12, 2026
- Pension RAUM · $266,423 to $304,865Feb 20, 2025 to Feb 12, 2026
- RAUM · $1.1B to $1.2BFeb 20, 2025 to Feb 12, 2026
- Accounts · 2,551 to 2,742Mar 14, 2024 to Feb 20, 2025
- Advisory employees · 10 to 9Mar 14, 2024 to Feb 20, 2025
- HNW clients · 235 to 296Mar 14, 2024 to Feb 20, 2025
- Individual clients · 518 to 500Mar 14, 2024 to Feb 20, 2025
- Assets in custody · $45.2M to $65.9MMar 14, 2024 to Feb 20, 2025
- Employees · 10 to 9Mar 14, 2024 to Feb 20, 2025
- Financial planning clients · 51-100 to 51-100Mar 14, 2024 to Feb 20, 2025
- State-registered IARs · 8 to 9Mar 14, 2024 to Feb 20, 2025
- Discretionary RAUM · $909M to $1.1BMar 14, 2024 to Feb 20, 2025
- HNW RAUM · $605M to $775MMar 14, 2024 to Feb 20, 2025
- Individual RAUM · $199M to $197MMar 14, 2024 to Feb 20, 2025
- Pension RAUM · $230,031 to $266,423Mar 14, 2024 to Feb 20, 2025
- RAUM · $909M to $1.1BMar 14, 2024 to Feb 20, 2025
- Accounts · 2,389 to 2,551Feb 16, 2023 to Feb 22, 2024
- Corporate clients · 5.0 to unsetFeb 16, 2023 to Feb 22, 2024
- HNW clients · 222 to 235Feb 16, 2023 to Feb 22, 2024
- Individual clients · 500 to 518Feb 16, 2023 to Feb 22, 2024
- Assets in custody · $36.6M to $45.2MFeb 16, 2023 to Feb 22, 2024
- Discretionary RAUM · $800M to $909MFeb 16, 2023 to Feb 22, 2024
- HNW RAUM · $512M to $605MFeb 16, 2023 to Feb 22, 2024
- Individual RAUM · $177M to $199MFeb 16, 2023 to Feb 22, 2024
- Pension RAUM · $197,597 to $230,031Feb 16, 2023 to Feb 22, 2024
- RAUM · $800M to $909MFeb 16, 2023 to Feb 22, 2024
- Accounts · 2,292 to 2,389Oct 31, 2022 to Feb 16, 2023
- Corporate clients · 7 to 5Oct 31, 2022 to Feb 16, 2023
- HNW clients · 228 to 222Oct 31, 2022 to Feb 16, 2023
- Individual clients · 474 to 500Oct 31, 2022 to Feb 16, 2023
- Assets in custody · $54.5M to $36.6MOct 31, 2022 to Feb 16, 2023
- State-registered IARs · 7 to 8Oct 31, 2022 to Feb 16, 2023
- Discretionary RAUM · $895M to $800MOct 31, 2022 to Feb 16, 2023
Signals
2 dated events
- Vaughn William Kellerman left Hcm Wealth Advisors for Gannett Wealth Advisors (registered 2024-05-29)Mar 14, 2024 · Advisor changed firm · fact
- Peter Doug Johnson (Chief Compliance Officer) appeared on Schedule A of Hcm Wealth AdvisorsSep 1, 2020 · Control person joined · 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 email
- info@hcmwealthadvisors.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 513-347-2544reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 513-598-5120reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 877-598-5120reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/hcmwealth/?viewAsMember=truereportedpublic record, Form ADV, Sep 17, 2026
- Website
- hcmwealthadvisors.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 513-598-5120reportedpublic record, Form ADV, Mar 2, 2026
- Contact form
- hcmwealthadvisors.com/about-us/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- hcmwealthadvisors.com/about-us/teamreportedpublished 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
- $137Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026