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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Former SEC-registered adviser

B••••••• A•••• M•••••••••

Former SEC-registered adviserAllentown, PennsylvaniaCRD 108396SEC 801-57985IAPD
Legal name B••••••• A•••• M••••••••• L••
Latest filing Feb 23, 2023
First filing on the tape Dec 23, 2011 · 23 filings
RAUM
$540M
reported, Item 5.F
Discretionary
93%
of RAUM
Private clients
89%
$478M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
2 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$540M as of Feb 23, 2023
Jan 18, 2012$210M then
HNW client RAUM$448M as of Feb 23, 2023
Mar 14, 2018$272M then
State-registered IARs (5.B.3)2 as of Feb 23, 2023
Jan 18, 20120 then
Employees (5.A)5 as of Feb 23, 2023
Feb 27, 20134 then
Private funds: no history
RAUM -12% over the last fiscal year+8.6% a year over threeIARs 2 to 2offices 0 to 2
Practice profile
derived from the filing of Feb 23, 2023; every figure names its basis
RAUM per advisor
$270MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
120derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.2MderivedHNW RAUM over HNW clients
Average account
$600,282derivedRAUM over accounts (5.F.2.f)
Discretionary
93%derivedof RAUM
Institutional
11%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.5derivedItem 5.A over advisors
Advisors per office
0.7derived3 offices incl. principal (1.F.5)
RAUM growth, one year
-12%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+1.7%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 5.G
Custody
$1.3M, 4 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)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$448M83%
  • Pension and profit-sharing plans$51.4M9.5%
  • Individuals$30.5M5.7%
  • Charitable organizations$6.0M1.1%
  • Corporations and businesses$4.1M0.8%
Individual clients
98reported
HNW clients
141reported
Pension plan clients
1reported
Charitable clients
6reported
Accounts
899reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$1.3M for 4 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Joined, latest
none on the tape
    Every departureEvery arrival
    Teams: two or more advisors moving together within fourteen days, from one state
      Teams outTeams in
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • B•••••••• E••••• R••••••••• · Managing Member/President/Sr. Wealth Managercontrol
        since 01/2012 · owns 75% or more
      • I••••••• M••••••• A•••••• · Chief Compliance Officer/Chief Operations Officer/Wealth Managercontrol
        since 03/2022 · owns less than 5%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      • , 1 employees
      What changed
      consecutive filings, newest first
      • Accounts · 866 to 899
        Dec 14, 2022 to Feb 23, 2023
      • Charity clients · 7 to 6
        Dec 14, 2022 to Feb 23, 2023
      • HNW clients · 137 to 141
        Dec 14, 2022 to Feb 23, 2023
      • Assets in custody · $1.3M to $1.3M
        Dec 14, 2022 to Feb 23, 2023
      • Employees · 4 to 5
        Dec 14, 2022 to Feb 23, 2023
      • Discretionary RAUM · $565M to $501M
        Dec 14, 2022 to Feb 23, 2023
      • HNW RAUM · $502M to $448M
        Dec 14, 2022 to Feb 23, 2023
      • Individual RAUM · $35.9M to $30.5M
        Dec 14, 2022 to Feb 23, 2023
      • Non-discretionary RAUM · $47.6M to $38.5M
        Dec 14, 2022 to Feb 23, 2023
      • Pension RAUM · $58.7M to $51.4M
        Dec 14, 2022 to Feb 23, 2023
      • RAUM · $612M to $540M
        Dec 14, 2022 to Feb 23, 2023
      • Other offices · 0 to 2
        Jun 27, 2022 to Dec 14, 2022
      • Accounts · 932 to 866
        Jun 2, 2021 to Mar 14, 2022
      • Advisory employees · 3 to 2
        Jun 2, 2021 to Mar 14, 2022
      • Corporate clients · 2 to 1
        Jun 2, 2021 to Mar 14, 2022
      • HNW clients · 126 to 137
        Jun 2, 2021 to Mar 14, 2022
      • Individual clients · 107 to 98
        Jun 2, 2021 to Mar 14, 2022
      • Assets in custody · $695,875 to $1.3M
        Jun 2, 2021 to Mar 14, 2022
      • Employees · 5 to 4
        Jun 2, 2021 to Mar 14, 2022
      • State-registered IARs · 3 to 2
        Jun 2, 2021 to Mar 14, 2022
      • Discretionary RAUM · $529M to $565M
        Jun 2, 2021 to Mar 14, 2022
      • HNW RAUM · $463M to $502M
        Jun 2, 2021 to Mar 14, 2022
      • Individual RAUM · $41.3M to $35.9M
        Jun 2, 2021 to Mar 14, 2022
      • Non-discretionary RAUM · $45.5M to $47.6M
        Jun 2, 2021 to Mar 14, 2022
      • Pension RAUM · $53.2M to $58.7M
        Jun 2, 2021 to Mar 14, 2022
      • RAUM · $575M to $612M
        Jun 2, 2021 to Mar 14, 2022
      • Accounts · 904 to 932
        Jun 30, 2020 to Mar 19, 2021
      • Advisory employees · 2 to 3
        Jun 30, 2020 to Mar 19, 2021
      • Charity clients · 8 to 7
        Jun 30, 2020 to Mar 19, 2021
      • HNW clients · 114 to 126
        Jun 30, 2020 to Mar 19, 2021
      • Individual clients · 116 to 107
        Jun 30, 2020 to Mar 19, 2021
      • Assets in custody · $1.9M to $695,875
        Jun 30, 2020 to Mar 19, 2021
      • Employees · 4 to 5
        Jun 30, 2020 to Mar 19, 2021
      • State-registered IARs · 2 to 3
        Jun 30, 2020 to Mar 19, 2021
      • Discretionary RAUM · $383M to $529M
        Jun 30, 2020 to Mar 19, 2021
      • HNW RAUM · $309M to $463M
        Jun 30, 2020 to Mar 19, 2021
      • Individual RAUM · $45.2M to $41.3M
        Jun 30, 2020 to Mar 19, 2021
      • Non-discretionary RAUM · $39.2M to $45.5M
        Jun 30, 2020 to Mar 19, 2021
      • Pension RAUM · $49.2M to $53.2M
        Jun 30, 2020 to Mar 19, 2021
      • RAUM · $422M to $575M
        Jun 30, 2020 to Mar 19, 2021
      Signals
      7 dated events
      • E•••• R••••••••• B••••••• left B••••••• A•••• M••••••••• for M••••• W••••• M••••••••• L•• (registered 2023-07-03)
        Jun 30, 2023 · Advisor changed firm · fact
      • 2 advisors left B••••••• A•••• M••••••••• (Allentown, PA) for M••••• W••••• M••••••••• L•• on the same day
        Jun 30, 2023 · Team lift-out · derived
      • M•••••• A•••••• I•••••• left B••••••• A•••• M••••••••• for M••••• W••••• M••••••••• L•• (registered 2023-07-03)
        Jun 30, 2023 · Advisor changed firm · fact
      • A•••••• M•••••• I•••••• (Chief Compliance Officer/Chief Operations Officer/Wealth Manager) appeared on Schedule A of B••••••• A•••• M•••••••••
        Dec 14, 2022 · Control person joined · fact
      • J••• W• L•••••• left B••••••• A•••• M••••••••• for C••••••••• F•••••••• N•••••• (registered 2022-01-04)
        Jan 18, 2022 · Advisor changed firm · fact
      • B••••••• A•••• M••••••••• reported RAUM $574.8M, up 36% from $421.8M (2020-06-30 to 2021-03-19)
        Mar 19, 2021 · RAUM change · derived
      • B••••••• A•••• M••••••••• reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Jan 17, 2012 · Succession (Item 4) · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      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
      Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026