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

N•••••••• A•••••••• I•••

Independent wealth managerPaoli, PennsylvaniaCRD 108835SEC 801-57720websiteIAPD
Legal name N•••••••• A••••••• I••
Latest filing Mar 19, 2026
First filing on the tape Mar 13, 2012 · 22 filings
SEC status approved since Jul 5, 2000
RAUM
$639M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
68%
$434M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$160M
derived; firm RAUM over IAPD count
Employees
5
4 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$639M as of Mar 19, 2026
Mar 13, 2012$253M then
HNW client RAUM$346M as of Mar 19, 2026
Feb 26, 2018$186M then
State-registered IARs (5.B.3)4 as of Mar 19, 2026
Mar 21, 20132 then
Employees (5.A)5 as of Mar 19, 2026
Mar 21, 20132 then
Private funds: no history
RAUM +11% over the last fiscal year+9.3% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 19, 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
  • 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
$160MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
83derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.3MderivedHNW RAUM over HNW clients
Average account
$1.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
32%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
1.3derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+11%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+4.1%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
$175M, 130 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 custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$346M54%
  • Pension and profit-sharing plans$164M26%
  • Individuals$88.4M14%
  • Charitable organizations$40.1M6.3%
  • Corporations and businesses$314,0000.0%
Individual clients
228reported
HNW clients
105reported
Pension plan clients
40reported
Charitable clients
2reported
Accounts
376reported
Financial planning clients
11-25reported
Wrap fee programs
noreported
Custody of client assets
$175M for 130 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.68 fund_share=0.0 institutional_share=0.32 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J••• M•••••• D•••••Paoli, PaAug 3, 200036 y0
R•••••• P••••••Certified Financial PlannerPaoli, PaJul 21, 201511 y0
E••• J• B••••••Certified Financial PlannerPaoli, Pa May 5, 201723 y0
S•••• E• C••••••••Paoli, PaAug 4, 202111 y0
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 headcount0 left over 36 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • D•••••• J•••• M•••••• · Presidentcontrol
    since 06/2000 · owns 75% or more
  • B••••••• E•••• J• · Investment Advisory Representative
    since 01/2010 · owns 10% to 25%
  • C•••••••• R•••••• · Chief Compliance Officer
    since 07/2015 · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Paoli, Pa · principal400
Offices
Schedule D 1.F, the 25 largest
  • Mountain Top, PA1 employees
  • Sugarloaf, PA1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • low discretionary shareStatic outlier · filing Mar 19, 2026
    discretionary share of RAUM of 0% against a peer median of 99% (1482 comparable advisers, 0.0th percentile, 33.5 robust deviations)
    peers: independent wealth managers, $500M to $1B (1,482) · 0.0% percentile
What changed
consecutive filings, newest first
  • Accounts · 364 to 376
    Mar 31, 2025 to Mar 19, 2026
  • Charity clients · unset to 2.0
    Mar 31, 2025 to Mar 19, 2026
  • Corporate clients · unset to 1.0
    Mar 31, 2025 to Mar 19, 2026
  • HNW clients · 103 to 105
    Mar 31, 2025 to Mar 19, 2026
  • Individual clients · 217 to 228
    Mar 31, 2025 to Mar 19, 2026
  • Pension plan clients · 42 to 40
    Mar 31, 2025 to Mar 19, 2026
  • Assets in custody · $141M to $175M
    Mar 31, 2025 to Mar 19, 2026
  • Employees · 4 to 5
    Mar 31, 2025 to Mar 19, 2026
  • HNW RAUM · $287M to $346M
    Mar 31, 2025 to Mar 19, 2026
  • Individual RAUM · $90.9M to $88.4M
    Mar 31, 2025 to Mar 19, 2026
  • Non-discretionary RAUM · $576M to $639M
    Mar 31, 2025 to Mar 19, 2026
  • Pension RAUM · $166M to $164M
    Mar 31, 2025 to Mar 19, 2026
  • RAUM · $576M to $639M
    Mar 31, 2025 to Mar 19, 2026
  • Accounts · 353 to 364
    Mar 25, 2024 to Mar 31, 2025
  • HNW clients · 105 to 103
    Mar 25, 2024 to Mar 31, 2025
  • Individual clients · 203 to 217
    Mar 25, 2024 to Mar 31, 2025
  • Assets in custody · $111M to $141M
    Mar 25, 2024 to Mar 31, 2025
  • Financial planning clients · 11-25 to 11-25
    Mar 25, 2024 to Mar 31, 2025
  • HNW RAUM · $258M to $287M
    Mar 25, 2024 to Mar 31, 2025
  • Individual RAUM · $74.0M to $90.9M
    Mar 25, 2024 to Mar 31, 2025
  • Non-discretionary RAUM · $517M to $576M
    Mar 25, 2024 to Mar 31, 2025
  • Pension RAUM · $156M to $166M
    Mar 25, 2024 to Mar 31, 2025
  • RAUM · $517M to $576M
    Mar 25, 2024 to Mar 31, 2025
  • Accounts · 342 to 353
    Oct 16, 2023 to Mar 25, 2024
  • HNW clients · 111 to 105
    Oct 16, 2023 to Mar 25, 2024
  • Individual clients · 186 to 203
    Oct 16, 2023 to Mar 25, 2024
  • Pension plan clients · 43 to 42
    Oct 16, 2023 to Mar 25, 2024
  • Pooled vehicle clients · 0.0 to unset
    Oct 16, 2023 to Mar 25, 2024
  • Assets in custody · unset to 111127000.0
    Oct 16, 2023 to Mar 25, 2024
  • Custody of client assets · false to true
    Oct 16, 2023 to Mar 25, 2024
  • HNW RAUM · $231M to $258M
    Oct 16, 2023 to Mar 25, 2024
  • Individual RAUM · $53.8M to $74.0M
    Oct 16, 2023 to Mar 25, 2024
  • Non-discretionary RAUM · $489M to $517M
    Oct 16, 2023 to Mar 25, 2024
  • Pension RAUM · $178M to $156M
    Oct 16, 2023 to Mar 25, 2024
  • Pooled vehicle RAUM · 0.0 to unset
    Oct 16, 2023 to Mar 25, 2024
  • RAUM · $489M to $517M
    Oct 16, 2023 to Mar 25, 2024
  • Accounts · 338 to 342
    Mar 30, 2022 to Mar 28, 2023
  • HNW clients · 108 to 111
    Mar 30, 2022 to Mar 28, 2023
  • Individual clients · 178 to 186
    Mar 30, 2022 to Mar 28, 2023
  • Pension plan clients · 49 to 43
    Mar 30, 2022 to Mar 28, 2023
Signals
No event on the tape.
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
a•••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Business phone
610-240-7955reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
610-240-7956reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
800-971-7039reportedpublished by the firm, firm site, Sep 15, 2026
Website
N••••••••ADVISERS.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
610-240-7955reportedpublic record, Form ADV, Mar 19, 2026
Contact form
n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Team page
n•••••••••.comreportedpublished 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
$160Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026