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
Investment Research Corp
Latest filing Mar 30, 2026
First filing on the tape Jan 19, 2012 · 32 filings
SEC status approved since Apr 26, 1972
RAUM
$76.3M
reported, Item 5.F
Discretionary
26%
of RAUM
Private clients
66%
$50.7M individuals and HNW
Advisors
16
registered through the firm on IAPD
RAUM per advisor
$4.8M
derived; firm RAUM over IAPD count
Employees
21
16 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$76.3M as of Mar 30, 2026
Jan 19, 2012$19.2M then
HNW client RAUM$11.5M as of Mar 30, 2026
Mar 1, 2019$3.8M then
State-registered IARs (5.B.3)15 as of Mar 30, 2026
Apr 1, 20132 then
Employees (5.A)21 as of Mar 30, 2026
Apr 1, 20138 then
Private funds: no history
RAUM +20% over the last fiscal year+21% a year over threeIARs 14 to 15
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
- Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
- RAUM per advisor
- $4.8MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 10derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.9MderivedHNW RAUM over HNW clients
- Average account
- $459,759derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 26%derivedof RAUM
- Institutional
- 7.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 16.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +20%derivedbetween the last two annual amendments
- Advisor growth, one year
- +7.1%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -6.3%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, selection of other advisersreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$39.2M51%
- Investment companies$19.9M26%
- High-net-worth individuals$11.5M15%
- Pension and profit-sharing plans$5.7M7.5%
- Individual clients
- 159reported
- HNW clients
- 4reported
- Pension plan clients
- 2reported
- Charitable clients
- n/areported
- Accounts
- 166reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.66 fund_share=0.26 institutional_share=0.08 related_bd=true related_bank=false bd_reps=15.0derived
Advisors registered through the firm
16 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Timothy Eugene Taggart | Denver, Co | Apr 16, 2004 | 29 y | 1 |
| Brian Joseph Regan | Pittsburgh, Pa | Jul 22, 2010 | 39 y | 3 |
| Paul William Foster | Saint Clairsville, Oh | Jan 4, 2011 | 21 y | 1 |
| John Eugene WeidnerChartered Financial Consultant | Colorado Springs, Co | Jan 9, 2012 | 35 y | 1 |
| Byron Kum Wah Leong | Denver, Co | Feb 3, 2015 | 40 y | 3 |
| Michael Vanzandt SummersCertified Financial Planner | York, Pa | Oct 10, 2016 | 41 y | 0 |
| Todd Christian Smith | Silverton, Or | Feb 14, 2017 | 28 y | 5 |
| Mark D Manber | Kingwood, Tx | May 31, 2017 | 30 y | 1 |
| Michael James ThrockmortonCertified Financial Planner, Chartered Financial Consultant | Saint Clairsville, Oh | Sep 1, 2020 | 23 y | 4 |
| Joe Morris Zimmerman | Denver, Co | Jan 4, 2021 | 26 y | 2 |
| Jason Eric Anderson | Denver, Co | Jan 27, 2022 | 19 y | 1 |
| Christine Sionia Neilson | Denver, Co | Feb 8, 2024 | 32 y | 5 |
| Heidi Sue KennedyChartered Financial Consultant | Claysburg, Pa | Apr 17, 2025 | 24 y | 3 |
| Eric Wei Ting Lin | Denver, Co | May 8, 2025 | 13 y | 5 |
| Matthew David Raves | Lago Vista, Tx | Nov 17, 2025 | 13 y | 3 |
| James Anthony Panzer | Champaign, Il | Jul 30, 2026 | 22 y | 1 |
Advisor movement
0 left, 2 joined in 12 months
net +2 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount2 left over 36 months
Left, latest
- Matthew David Raves to Kestra Private Wealth Services, LLCSep 3, 2024 · RIA to affiliated broker-dealer or bank
- Phillip Ryan Horton to Osaic Wealth, Inc.Aug 22, 2024 · RIA to affiliated broker-dealer or bank
- Joseph Michael Costello to Cambridge Investment Research Advisors, Inc.Dec 3, 2019 · RIA to affiliated broker-dealer or bank
- Michael James Throckmorton to Its Asset Management, L.P.Dec 31, 2018 · RIA to RIA
- Stephen Stanley Webb to Gwn Securities Inc.Dec 5, 2017 · Other
- Jeremy Scott Eaton to Strategic Advisers LLCSep 21, 2017 · Other
- Christine Mitchell Mccafferty to Foresters Equity Services, Inc.Sep 23, 2015 · Other
- Bryce Carroll Johnson to Private Client Wealth Advisors, LLCFeb 9, 2015 · Other
- Jason Wayne Baird to Secure Asset Management, L.L.C.Aug 15, 2012 · Other
- Maria Elizabeth Bongiovanni to Secure Asset Management, L.L.C.Aug 15, 2012 · Other
- John Roger Mcgonagle to Epi Advisors LLCApr 27, 2011 · Other
- Gary Raymond Mccarver to Select Money Management, Inc.Nov 23, 2010 · Other
Joined, latest
- James Anthony Panzer from Stifel, Nicolaus & Company, IncorporatedJul 30, 2026 · Affiliated broker-dealer or bank to independent RIA
- Matthew David Raves from Kestra Private Wealth Services, LLCNov 17, 2025 · Affiliated broker-dealer or bank to independent RIA
- Eric Wei Ting Lin from Stonex Advisors Inc.May 8, 2025 · Affiliated broker-dealer or bank to independent RIA
- Heidi Sue Kennedy from Grove Point Advisors, LLCApr 17, 2025 · Affiliated broker-dealer or bank to independent RIA
- Matthew David Raves from Edward JonesApr 2, 2024 · Affiliated broker-dealer or bank to independent RIA
- Christine Sionia Neilson from MML Investors Services, LLCFeb 8, 2024 · Affiliated broker-dealer or bank to independent RIA
- Phillip Ryan Horton from MML Investors Services, LLCApr 25, 2023 · Affiliated broker-dealer or bank to independent RIA
- Jason Eric Anderson from Next Financial Group, Inc.Jan 27, 2022 · Other
- Joe Morris Zimmerman from Stonex Advisors Inc.Jan 4, 2021 · Affiliated broker-dealer or bank to independent RIA
- Michael James Throckmorton from Its Asset Management, L.P.Sep 1, 2020 · RIA to RIA
- Mark D Manber from 1717 Capital Management CompanyMay 31, 2017 · Other
- Todd Christian Smith from LPL Financial LLCFeb 14, 2017 · Other
- Jeremy Scott Eaton from Investors Capital AdvisoryFeb 14, 2017 · Other
- Byron Kum Wah Leong from Lincoln InvestmentFeb 3, 2015 · Other
- Jason Wayne Baird from Hantz Financial Services, Inc.Jun 7, 2012 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Ann Patricia Blum · Vice Presidentcontrolsince 06/2013 · owns less than 5%
- Lawrence Michael Gaughan · Vice President And Corporate Secretarycontrolsince 09/2004 · owns less than 5%
- Eugene Timothy Taggart · President, Treasurer And Chief Compliance Officercontrolsince 04/2004 · owns 75% or more
Related persons
Schedule D 7.A
- American Growth Financial Servicesreal estatey
- World Capital Advisors, LLCinvestment adviseryRAUM $72.0M
- World Capital Brokerage, Inc.broker-dealery
Advisers that list Investment Research Corp as a related person
- 135941 y
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Denver, Co · principal | 16 | 2 | 0 | ||
| Saint Clairsville, Oh | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 177 to 166Mar 6, 2025 to Mar 30, 2026
- Advisory employees · 14 to 16Mar 6, 2025 to Mar 30, 2026
- BD registered reps · 12 to 15Mar 6, 2025 to Mar 30, 2026
- HNW clients · 5 to 4Mar 6, 2025 to Mar 30, 2026
- Individual clients · 169 to 159Mar 6, 2025 to Mar 30, 2026
- Employees · 17 to 21Mar 6, 2025 to Mar 30, 2026
- State-registered IARs · 14 to 15Mar 6, 2025 to Mar 30, 2026
- Discretionary RAUM · $20.2M to $19.9MMar 6, 2025 to Mar 30, 2026
- HNW RAUM · $10.5M to $11.5MMar 6, 2025 to Mar 30, 2026
- Individual RAUM · $28.1M to $39.2MMar 6, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $43.3M to $56.4MMar 6, 2025 to Mar 30, 2026
- Pension RAUM · $4.7M to $5.7MMar 6, 2025 to Mar 30, 2026
- RAUM · $63.4M to $76.3MMar 6, 2025 to Mar 30, 2026
- Accounts · 150 to 177Mar 27, 2024 to Mar 6, 2025
- Advisory employees · 15 to 14Mar 27, 2024 to Mar 6, 2025
- BD registered reps · 13 to 12Mar 27, 2024 to Mar 6, 2025
- HNW clients · 3 to 5Mar 27, 2024 to Mar 6, 2025
- Individual clients · 144 to 169Mar 27, 2024 to Mar 6, 2025
- Financial planning clients · 0 to 0Mar 27, 2024 to Mar 6, 2025
- Discretionary RAUM · $18.5M to $20.2MMar 27, 2024 to Mar 6, 2025
- HNW RAUM · $7.6M to $10.5MMar 27, 2024 to Mar 6, 2025
- Individual RAUM · $21.9M to $28.1MMar 27, 2024 to Mar 6, 2025
- Non-discretionary RAUM · $33.5M to $43.3MMar 27, 2024 to Mar 6, 2025
- Pension RAUM · $4.0M to $4.7MMar 27, 2024 to Mar 6, 2025
- RAUM · $52.0M to $63.4MMar 27, 2024 to Mar 6, 2025
- Accounts · 117 to 150Mar 3, 2023 to Mar 27, 2024
- Advisory employees · 16 to 15Mar 3, 2023 to Mar 27, 2024
- BD registered reps · 14 to 13Mar 3, 2023 to Mar 27, 2024
- Individual clients · 111 to 144Mar 3, 2023 to Mar 27, 2024
- Employees · 18 to 17Mar 3, 2023 to Mar 27, 2024
- State-registered IARs · 15 to 14Mar 3, 2023 to Mar 27, 2024
- Discretionary RAUM · $16.2M to $18.5MMar 3, 2023 to Mar 27, 2024
- HNW RAUM · $7.3M to $7.6MMar 3, 2023 to Mar 27, 2024
- Individual RAUM · $16.8M to $21.9MMar 3, 2023 to Mar 27, 2024
- Non-discretionary RAUM · $27.3M to $33.5MMar 3, 2023 to Mar 27, 2024
- Pension RAUM · $3.2M to $4.0MMar 3, 2023 to Mar 27, 2024
- RAUM · $43.5M to $52.0MMar 3, 2023 to Mar 27, 2024
- Accounts · 135 to 117Mar 25, 2022 to Mar 3, 2023
- Advisory employees · 14 to 16Mar 25, 2022 to Mar 3, 2023
- BD registered reps · 12 to 14Mar 25, 2022 to Mar 3, 2023
Signals
2 dated events
- Matthew David Raves left Investment Research Corp for Kestra Private Wealth Services, Llc (registered 2024-09-03)Sep 3, 2024 · Advisor changed firm · fact
- Phillip Ryan Horton left Investment Research Corp for Osaic Wealth, Inc. (registered 2024-08-23)Aug 22, 2024 · Advisor changed firm · 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
- mgaughan@invresearch.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 303-626-0634reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- INVRESEARCH.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 303-626-0634reportedpublic record, Form ADV, Mar 30, 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
- $4.8Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026