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

B••• I••••••••• A••••••• I••

Independent wealth managerOrinda, CaliforniaCRD 108383SEC 801-56417websiteIAPD
Latest filing Jun 11, 2026
First filing on the tape Nov 30, 2011 · 35 filings
SEC status approved since Apr 12, 1999
RAUM
$788M
reported, Item 5.F
Discretionary
91%
of RAUM
Private clients
92%
$723M individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$87.5M
derived; firm RAUM over IAPD count
Employees
14
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
35 filings and snapshots on the tape
RAUM$788M as of Jun 11, 2026
Feb 9, 2012$437M then
HNW client RAUM$655M as of Jun 11, 2026
Mar 6, 2018$473M then
State-registered IARs (5.B.3)8 as of Jun 11, 2026
Feb 9, 20120 then
Employees (5.A)14 as of Jun 11, 2026
Mar 1, 201313 then
Private funds: no history
RAUM +15% over the last fiscal year+11% a year over threeIARs 8 to 8
Practice profile
derived from the filing of Jun 11, 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
$87.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
48derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.6MderivedHNW RAUM over HNW clients
Average account
$662,387derivedRAUM over accounts (5.F.2.f)
Discretionary
91%derivedof RAUM
Institutional
7.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.6derivedItem 5.A over advisors
Advisors per office
9.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+15%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+0.0%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
Custody
$444M, 360 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$655M83%
  • Individuals$68.0M8.6%
  • Charitable organizations$31.0M3.9%
  • Pension and profit-sharing plans$30.9M3.9%
  • Corporations and businesses$2.9M0.4%
Individual clients
177reported
HNW clients
252reported
Pension plan clients
6reported
Charitable clients
8reported
Accounts
1,189reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
$444M for 360 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.92 fund_share=0.0 institutional_share=0.08 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
9 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
B•••• R•• B•••••Orinda, CaJun 5, 200721 y0
J••••• R••• M•••••••Orinda, CaAug 20, 200820 y0
L•••••• J••• H•••••••Orinda, CaMar 23, 201016 y0
H•••• A••• C•••••••Orinda, CaJun 2, 201414 y1
F•••••• R••• B•••Orinda, CaJan 27, 201621 y0
R••• E•••••• K•••••Chartered Financial AnalystOrinda, CaMay 1, 201919 y2
T•••••• S•••••• B••••Orinda, CaJul 29, 201911 y1
C•••••• R•••Orinda, CaSep 18, 202510 y1
S•••• R••••• L•••••••••Orinda, CaOct 29, 202514 y0
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • B•••••• B••••• R•• · Chief Compliance Officercontrol
    since 01/2009 · owns less than 5%
  • B•••• F••••••• R••• · Owner, President, Senior Investment Advisor, And Financial Pla•••Rcontrol
    since 01/2019 · owns 50% to 75%
  • B•••• J••••• F•••••••• · Trustee Of B••• Family 2001 Trustcontrol
    since 08/2001 · owns 25% to 50%
  • B•••• E••••• H•••• · Owner
    since 07/2006 · owns 5% to 10%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Orinda, Ca · principal920
Oakland, Ca000
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 1,157 to 1,189
    Jun 24, 2025 to Feb 24, 2026
  • Advisory activities · 3 to 4
    Jun 24, 2025 to Feb 24, 2026
  • Charity clients · 6 to 8
    Jun 24, 2025 to Feb 24, 2026
  • HNW clients · 270 to 252
    Jun 24, 2025 to Feb 24, 2026
  • Individual clients · 159 to 177
    Jun 24, 2025 to Feb 24, 2026
  • Pension plan clients · 5 to 6
    Jun 24, 2025 to Feb 24, 2026
  • Assets in custody · $362M to $444M
    Jun 24, 2025 to Feb 24, 2026
  • Employees · 15 to 14
    Jun 24, 2025 to Feb 24, 2026
  • Discretionary RAUM · $625M to $718M
    Jun 24, 2025 to Feb 24, 2026
  • HNW RAUM · $587M to $655M
    Jun 24, 2025 to Feb 24, 2026
  • Individual RAUM · $46.5M to $68.0M
    Jun 24, 2025 to Feb 24, 2026
  • Non-discretionary RAUM · $61.4M to $69.9M
    Jun 24, 2025 to Feb 24, 2026
  • Pension RAUM · $23.8M to $30.9M
    Jun 24, 2025 to Feb 24, 2026
  • RAUM · $686M to $788M
    Jun 24, 2025 to Feb 24, 2026
  • Financial planning clients · 51-100 to 51-100
    Mar 21, 2025 to Jun 24, 2025
  • Accounts · 1,156 to 1,157
    Mar 5, 2024 to Mar 21, 2025
  • Advisory employees · 9 to 6
    Mar 5, 2024 to Mar 21, 2025
  • Advisory activities · 4 to 3
    Mar 5, 2024 to Mar 21, 2025
  • Corporate clients · 1 to 0
    Mar 5, 2024 to Mar 21, 2025
  • HNW clients · 358 to 270
    Mar 5, 2024 to Mar 21, 2025
  • Individual clients · 80 to 159
    Mar 5, 2024 to Mar 21, 2025
  • Assets in custody · $366M to $362M
    Mar 5, 2024 to Mar 21, 2025
  • Employees · 11 to 15
    Mar 5, 2024 to Mar 21, 2025
  • HQ city · OAKLAND to ORINDA
    Mar 5, 2024 to Mar 21, 2025
  • State-registered IARs · 9 to 8
    Mar 5, 2024 to Mar 21, 2025
  • Discretionary RAUM · $584M to $625M
    Mar 5, 2024 to Mar 21, 2025
  • HNW RAUM · $582M to $587M
    Mar 5, 2024 to Mar 21, 2025
  • Individual RAUM · $9.2M to $46.5M
    Mar 5, 2024 to Mar 21, 2025
  • Non-discretionary RAUM · $60.2M to $61.4M
    Mar 5, 2024 to Mar 21, 2025
  • Pension RAUM · $21.4M to $23.8M
    Mar 5, 2024 to Mar 21, 2025
  • RAUM · $645M to $686M
    Mar 5, 2024 to Mar 21, 2025
  • Accounts · 1,167 to 1,156
    Mar 4, 2023 to Mar 5, 2024
  • Corporate clients · 0 to 1
    Mar 4, 2023 to Mar 5, 2024
  • HNW clients · 365 to 358
    Mar 4, 2023 to Mar 5, 2024
  • Individual clients · 79 to 80
    Mar 4, 2023 to Mar 5, 2024
  • Pension plan clients · 7 to 5
    Mar 4, 2023 to Mar 5, 2024
  • Assets in custody · $336M to $366M
    Mar 4, 2023 to Mar 5, 2024
  • Discretionary RAUM · $530M to $584M
    Mar 4, 2023 to Mar 5, 2024
  • HNW RAUM · $518M to $582M
    Mar 4, 2023 to Mar 5, 2024
  • Individual RAUM · $8.3M to $9.2M
    Mar 4, 2023 to Mar 5, 2024
Signals
2 dated events
  • D••• B•••••• N••••• left B••• I••••••••• A••••••• I•• for T••••••• W••••• (registered 2020-01-02)
    May 29, 2025 · Advisor changed firm · fact
  • Bonetti Bonnie Bell (Trustee Of Bell Family 2001 Trust) no longer on Schedule A of B••• I••••••••• A••••••• I•• (listed 2019-05-09, absent 2020-03-10)
    Mar 10, 2020 · 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 phone
510-433-1066reportedpublished by the firm, firm site, Sep 15, 2026
Website
B•••INVEST.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
510-433-1066reportedpublic record, Form ADV, Jun 11, 2026
Contact form
bellinvest.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
Team page
bellinvest.com/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
$87.5Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026