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.

Former SEC-registered adviser

Bernhardt Wealth Management, Inc.

Former SEC-registered adviserMclean, VirginiaCRD 109353SEC 801-57320IAPD

Latest filing Jun 30, 2022

First filing on the tape Mar 16, 2012 · 37 filings

RAUM

$667M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

96%

$640M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

n/a

derived; firm RAUM over IAPD count

Employees

4 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

37 filings and snapshots on the tape

RAUM$667M as of Feb 21, 2022

Mar 16, 2012$162M then

HNW client RAUM$603M as of Feb 21, 2022

Mar 28, 2018$396M then

State-registered IARs (5.B.3)4 as of Feb 21, 2022

Mar 22, 20133 then

Employees (5.A)4 as of Feb 21, 2022

Mar 22, 20135 then

Private funds: no history

RAUM +25% over the last fiscal year+19% a year over threeIARs 6 to 4

Practice profile

derived from the filing of Jun 30, 2022; every figure names its basis

RAUM per advisor: $167MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 78derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $2.9MderivedHNW RAUM over HNW clients
Average account: $641,725derivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 0.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.0derivedItem 5.A over advisors
Advisors per office: 4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year: +25%derivedbetween the last two annual amendments
Advisor growth, one year: -33%derivedItem 5.B.3 between annual amendments
Client growth, one year: +4.7%derived
Compensation: percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
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)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$603M90%
Individuals$37.0M5.5%
Corporations and businesses$22.9M3.4%
Pension and profit-sharing plans$4.9M0.7%

Individual clients: 105reported
HNW clients: 207reported
Pension plan clients: 2reported
Charitable clients: n/areported
Accounts: 1,040reported
Financial planning clients: 251-500reported
Wrap fee programs: noreported
Custody of client assets: noreported
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

Left, latest

Solon George Vlasto to Modera Wealth Management, LLC
Nov 30, 2022 · RIA to RIA
Timothy Stephen Koehl to Modera Wealth Management, LLC
Nov 30, 2022 · RIA to RIA
Alishia Arezou Dubois to Modera Wealth Management, LLC
Nov 30, 2022 · RIA to RIA
Jordan Rubin to Modera Wealth Management, LLC
Nov 30, 2022 · RIA to RIA
Kent Duane Davis to Mercer Global Advisors Inc.
Jan 19, 2022 · RIA to RIA
Reed Robert Hurt to Brown Advisory
Jun 25, 2018 · RIA to RIA
Trent Robert White to Vanguard Advisers, Inc.
Mar 16, 2016 · Other
Kenneth Corbett Robinson to Kcr Wealth Management, LLC
Mar 3, 2014 · Other

Joined, latest

Jordan Rubin from Evermay Wealth Management, LLC
Feb 17, 2022 · RIA to RIA
Kent Duane Davis from Advocacy Wealth Management, LLC
Oct 24, 2018 · RIA to RIA
Solon George Vlasto from Pinnacle Advisory Group, Inc.
Sep 19, 2014 · Other
Kenneth Corbett Robinson from The Monitor Group, Inc.
Apr 19, 2012 · Other
Timothy Stephen Koehl from Charles Schwab & Co., Inc.
Mar 12, 2010 · Other

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

4 left for Modera Wealth Management, LLC
Nov 30, 2022 · Mclean, Va · Firm absorbed

Teams out Teams in

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Joel Gordon Bernhardt · President / Ceocontrol
since 01/1995 · owns less than 5%
George Solon Vlasto · Chief Compliance Officercontrol
since 01/2016 · owns 10% to 25%
Joel Gordon Bernhardt · Ownercontrol
since 01/2003 · owns 75% or more of Gordon J. Bernhardt Living Trust
Jane Bonnie Armstrong · Owner
since 12/2014 · owns 5% to 10%
Stephen Timothy Koehl · Owner
since 12/2014 · owns 10% to 25%

Entity owners

Gordon J. Bernhardt Living Trust · Owner
direct · owns 50% to 75%

Related persons

Schedule D 7.A

No related person reported.

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

What changed

consecutive filings, newest first

Accounts · 1,008 to 1,040
Jan 3, 2022 to Feb 21, 2022
Advisory employees · 6 to 4
Jan 3, 2022 to Feb 21, 2022
HNW clients · 199 to 207
Jan 3, 2022 to Feb 21, 2022
Individual clients · 99 to 105
Jan 3, 2022 to Feb 21, 2022
Pension plan clients · 4 to 2
Jan 3, 2022 to Feb 21, 2022
Employees · 6 to 4
Jan 3, 2022 to Feb 21, 2022
State-registered IARs · 6 to 4
Jan 3, 2022 to Feb 21, 2022
Discretionary RAUM · $534M to $667M
Jan 3, 2022 to Feb 21, 2022
HNW RAUM · $482M to $603M
Jan 3, 2022 to Feb 21, 2022
Individual RAUM · $28.3M to $37.0M
Jan 3, 2022 to Feb 21, 2022
Non-discretionary RAUM · $562,414 to $795,037
Jan 3, 2022 to Feb 21, 2022
Pension RAUM · $4.2M to $4.9M
Jan 3, 2022 to Feb 21, 2022
RAUM · $534M to $667M
Jan 3, 2022 to Feb 21, 2022
Accounts · 949 to 1,008
Nov 16, 2020 to Mar 26, 2021
Advisory activities · 4 to 3
Nov 16, 2020 to Mar 26, 2021
HNW clients · 200 to 199
Nov 16, 2020 to Mar 26, 2021
Individual clients · 84 to 99
Nov 16, 2020 to Mar 26, 2021
Pension plan clients · 3 to 4
Nov 16, 2020 to Mar 26, 2021
Employees · 10 to 6
Nov 16, 2020 to Mar 26, 2021
Discretionary RAUM · $490M to $534M
Nov 16, 2020 to Mar 26, 2021
HNW RAUM · $447M to $482M
Nov 16, 2020 to Mar 26, 2021
Individual RAUM · $21.3M to $28.3M
Nov 16, 2020 to Mar 26, 2021
Non-discretionary RAUM · $503,501 to $562,414
Nov 16, 2020 to Mar 26, 2021
Pension RAUM · $3.4M to $4.2M
Nov 16, 2020 to Mar 26, 2021
RAUM · $490M to $534M
Nov 16, 2020 to Mar 26, 2021
Accounts · 886 to 949
Oct 31, 2019 to Mar 10, 2020
HNW clients · 191 to 200
Oct 31, 2019 to Mar 10, 2020
Individual clients · 81 to 84
Oct 31, 2019 to Mar 10, 2020
Employees · 7 to 10
Oct 31, 2019 to Mar 10, 2020
State-registered IARs · 7 to 6
Oct 31, 2019 to Mar 10, 2020
Discretionary RAUM · $399M to $490M
Oct 31, 2019 to Mar 10, 2020
HNW RAUM · $365M to $447M
Oct 31, 2019 to Mar 10, 2020
Individual RAUM · $15.6M to $21.3M
Oct 31, 2019 to Mar 10, 2020
Non-discretionary RAUM · $385,117 to $503,501
Oct 31, 2019 to Mar 10, 2020
Pension RAUM · $2.8M to $3.4M
Oct 31, 2019 to Mar 10, 2020
RAUM · $399M to $490M
Oct 31, 2019 to Mar 10, 2020
Accounts · 812 to 886
Oct 19, 2018 to Mar 22, 2019
Advisory employees · 7 to 6
Oct 19, 2018 to Mar 22, 2019
HNW clients · 179 to 191
Oct 19, 2018 to Mar 22, 2019
Individual clients · 64 to 81
Oct 19, 2018 to Mar 22, 2019

Signals

6 dated events

Jordan Rubin left Bernhardt Wealth Management, Inc. for Modera Wealth Management, Llc (registered 2022-11-17)
Nov 30, 2022 · Advisor changed firm · fact
Solon George Vlasto left Bernhardt Wealth Management, Inc. for Modera Wealth Management, Llc (registered 2022-11-17)
Nov 30, 2022 · Advisor changed firm · fact
Timothy Stephen Koehl left Bernhardt Wealth Management, Inc. for Modera Wealth Management, Llc (registered 2022-11-17)
Nov 30, 2022 · Advisor changed firm · fact
Alishia Arezou Dubois left Bernhardt Wealth Management, Inc. for Modera Wealth Management, Llc (registered 2022-11-17)
Nov 30, 2022 · Advisor changed firm · fact
Bernhardt Wealth Management, Inc.'s advisors moved to Modera Wealth Management, LLC (Mclean, VA): 4 of 4 registered, on the same day
Nov 30, 2022 · Firm absorbed (people side) · derived
Kent Duane Davis left Bernhardt Wealth Management, Inc. for Mercer Global Advisors Inc. (registered 2022-02-15)
Jan 19, 2022 · 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.

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