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

Independent wealth managerDenver, ColoradoCRD 108208SEC 801-8599websiteIAPD
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
NameBranchHere sinceIn industryPrior firms
Timothy Eugene TaggartDenver, Co Apr 16, 200429 y1
Brian Joseph ReganPittsburgh, Pa Jul 22, 201039 y3
Paul William FosterSaint Clairsville, Oh Jan 4, 201121 y1
John Eugene WeidnerChartered Financial ConsultantColorado Springs, Co Jan 9, 201235 y1
Byron Kum Wah LeongDenver, Co Feb 3, 201540 y3
Michael Vanzandt SummersCertified Financial PlannerYork, Pa Oct 10, 201641 y0
Todd Christian SmithSilverton, Or Feb 14, 201728 y5
Mark D ManberKingwood, Tx May 31, 201730 y1
Michael James ThrockmortonCertified Financial Planner, Chartered Financial ConsultantSaint Clairsville, Oh Sep 1, 202023 y4
Joe Morris ZimmermanDenver, Co Jan 4, 202126 y2
Jason Eric AndersonDenver, Co Jan 27, 202219 y1
Christine Sionia NeilsonDenver, Co Feb 8, 202432 y5
Heidi Sue KennedyChartered Financial ConsultantClaysburg, Pa Apr 17, 202524 y3
Eric Wei Ting LinDenver, Co May 8, 202513 y5
Matthew David RavesLago Vista, Tx Nov 17, 202513 y3
James Anthony PanzerChampaign, Il Jul 30, 202622 y1
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
Joined, latest
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Ann Patricia Blum · Vice Presidentcontrol
    since 06/2013 · owns less than 5%
  • Lawrence Michael Gaughan · Vice President And Corporate Secretarycontrol
    since 09/2004 · owns less than 5%
  • Eugene Timothy Taggart · President, Treasurer And Chief Compliance Officercontrol
    since 04/2004 · owns 75% or more
Related persons
Schedule D 7.A
Advisers that list Investment Research Corp as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Denver, Co · principal1620
Saint Clairsville, Oh200
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 177 to 166
    Mar 6, 2025 to Mar 30, 2026
  • Advisory employees · 14 to 16
    Mar 6, 2025 to Mar 30, 2026
  • BD registered reps · 12 to 15
    Mar 6, 2025 to Mar 30, 2026
  • HNW clients · 5 to 4
    Mar 6, 2025 to Mar 30, 2026
  • Individual clients · 169 to 159
    Mar 6, 2025 to Mar 30, 2026
  • Employees · 17 to 21
    Mar 6, 2025 to Mar 30, 2026
  • State-registered IARs · 14 to 15
    Mar 6, 2025 to Mar 30, 2026
  • Discretionary RAUM · $20.2M to $19.9M
    Mar 6, 2025 to Mar 30, 2026
  • HNW RAUM · $10.5M to $11.5M
    Mar 6, 2025 to Mar 30, 2026
  • Individual RAUM · $28.1M to $39.2M
    Mar 6, 2025 to Mar 30, 2026
  • Non-discretionary RAUM · $43.3M to $56.4M
    Mar 6, 2025 to Mar 30, 2026
  • Pension RAUM · $4.7M to $5.7M
    Mar 6, 2025 to Mar 30, 2026
  • RAUM · $63.4M to $76.3M
    Mar 6, 2025 to Mar 30, 2026
  • Accounts · 150 to 177
    Mar 27, 2024 to Mar 6, 2025
  • Advisory employees · 15 to 14
    Mar 27, 2024 to Mar 6, 2025
  • BD registered reps · 13 to 12
    Mar 27, 2024 to Mar 6, 2025
  • HNW clients · 3 to 5
    Mar 27, 2024 to Mar 6, 2025
  • Individual clients · 144 to 169
    Mar 27, 2024 to Mar 6, 2025
  • Financial planning clients · 0 to 0
    Mar 27, 2024 to Mar 6, 2025
  • Discretionary RAUM · $18.5M to $20.2M
    Mar 27, 2024 to Mar 6, 2025
  • HNW RAUM · $7.6M to $10.5M
    Mar 27, 2024 to Mar 6, 2025
  • Individual RAUM · $21.9M to $28.1M
    Mar 27, 2024 to Mar 6, 2025
  • Non-discretionary RAUM · $33.5M to $43.3M
    Mar 27, 2024 to Mar 6, 2025
  • Pension RAUM · $4.0M to $4.7M
    Mar 27, 2024 to Mar 6, 2025
  • RAUM · $52.0M to $63.4M
    Mar 27, 2024 to Mar 6, 2025
  • Accounts · 117 to 150
    Mar 3, 2023 to Mar 27, 2024
  • Advisory employees · 16 to 15
    Mar 3, 2023 to Mar 27, 2024
  • BD registered reps · 14 to 13
    Mar 3, 2023 to Mar 27, 2024
  • Individual clients · 111 to 144
    Mar 3, 2023 to Mar 27, 2024
  • Employees · 18 to 17
    Mar 3, 2023 to Mar 27, 2024
  • State-registered IARs · 15 to 14
    Mar 3, 2023 to Mar 27, 2024
  • Discretionary RAUM · $16.2M to $18.5M
    Mar 3, 2023 to Mar 27, 2024
  • HNW RAUM · $7.3M to $7.6M
    Mar 3, 2023 to Mar 27, 2024
  • Individual RAUM · $16.8M to $21.9M
    Mar 3, 2023 to Mar 27, 2024
  • Non-discretionary RAUM · $27.3M to $33.5M
    Mar 3, 2023 to Mar 27, 2024
  • Pension RAUM · $3.2M to $4.0M
    Mar 3, 2023 to Mar 27, 2024
  • RAUM · $43.5M to $52.0M
    Mar 3, 2023 to Mar 27, 2024
  • Accounts · 135 to 117
    Mar 25, 2022 to Mar 3, 2023
  • Advisory employees · 14 to 16
    Mar 25, 2022 to Mar 3, 2023
  • BD registered reps · 12 to 14
    Mar 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