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

Biegel Waller Investment Advisory Services

Former SEC-registered adviserColumbia, MarylandCRD 109597SEC 801-57900IAPD
Legal name Biegel & Waller LLC
Latest filing Mar 27, 2019
First filing on the tape Feb 29, 2012 · 18 filings
RAUM
$512M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$510M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
11
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$512M as of Mar 27, 2019
Feb 29, 2012$401M then
HNW client RAUM$446M as of Mar 27, 2019
Mar 12, 2018$481M then
State-registered IARs (5.B.3)6 as of Mar 27, 2019
Mar 20, 20136 then
Employees (5.A)11 as of Mar 27, 2019
Mar 20, 201310 then
Private funds: no history
RAUM -5.9% over the last fiscal year-4.3% a year over threeIARs 6 to 6
Practice profile
derived from the filing of Mar 27, 2019; every figure names its basis
RAUM per advisor
$85.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
53derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.4MderivedHNW RAUM over HNW clients
Average account
$407,349derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.8derivedItem 5.A over advisors
Advisors per office
6.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-5.9%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+2.9%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for individuals, otherreportedItem 5.G
Custody
$42.4M, 25 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$446M87%
  • Individuals$64.0M13%
  • Charitable organizations$1.2M0.2%
  • Pension and profit-sharing plans$366,0600.1%
Individual clients
135reported
HNW clients
183reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1,256reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$42.4M for 25 clientsreported
Compensation
% of AUM, fixedreported
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
Joined, latest
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
    • David Mark Biegel · Managing Membercontrol
      since 07/2000 · owns 50% to 75%
    • P Peter Jenkins · Chief Compliance Officer & Managing Directorcontrol
      since 04/2010 · owns less than 5%
    • B James Waller · Managing Membercontrol
      since 07/2000 · owns 50% to 75%
    Related persons
    Schedule D 7.A
    • Biegel & Waller Llp
      insurancen
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 1,273 to 1,256
      Aug 24, 2018 to Mar 27, 2019
    • HNW clients · 157 to 183
      Aug 24, 2018 to Mar 27, 2019
    • Individual clients · 152 to 135
      Aug 24, 2018 to Mar 27, 2019
    • Assets in custody · $30.4M to $42.4M
      Aug 24, 2018 to Mar 27, 2019
    • Discretionary RAUM · $544M to $512M
      Aug 24, 2018 to Mar 27, 2019
    • HNW RAUM · $481M to $446M
      Aug 24, 2018 to Mar 27, 2019
    • Individual RAUM · $59.8M to $64.0M
      Aug 24, 2018 to Mar 27, 2019
    • Pension RAUM · $1.5M to $366,060
      Aug 24, 2018 to Mar 27, 2019
    • RAUM · $544M to $512M
      Aug 24, 2018 to Mar 27, 2019
    • Accounts · 1,142 to 1,273
      Nov 17, 2017 to Mar 12, 2018
    • Charity clients · 0.0 to unset
      Nov 17, 2017 to Mar 12, 2018
    • HNW clients · 0 to 157
      Nov 17, 2017 to Mar 12, 2018
    • Individual clients · 0 to 152
      Nov 17, 2017 to Mar 12, 2018
    • Pension plan clients · 0.0 to unset
      Nov 17, 2017 to Mar 12, 2018
    • Assets in custody · unset to 30445070.0
      Nov 17, 2017 to Mar 12, 2018
    • Custody of client assets · false to true
      Nov 17, 2017 to Mar 12, 2018
    • Discretionary RAUM · $523M to $544M
      Nov 17, 2017 to Mar 12, 2018
    • HNW RAUM · $0 to $481M
      Nov 17, 2017 to Mar 12, 2018
    • Individual RAUM · $0 to $59.8M
      Nov 17, 2017 to Mar 12, 2018
    • Pension RAUM · $0 to $1.5M
      Nov 17, 2017 to Mar 12, 2018
    • RAUM · $523M to $544M
      Nov 17, 2017 to Mar 12, 2018
    • Charity clients · unset to 0.0
      Sep 18, 2017 to Nov 17, 2017
    • Corporate clients · unset to 0.0
      Sep 18, 2017 to Nov 17, 2017
    • HNW clients · unset to 0.0
      Sep 18, 2017 to Nov 17, 2017
    • Individual clients · unset to 0.0
      Sep 18, 2017 to Nov 17, 2017
    • Pension plan clients · unset to 0.0
      Sep 18, 2017 to Nov 17, 2017
    • Pooled vehicle clients · unset to 0.0
      Sep 18, 2017 to Nov 17, 2017
    • Other offices · unset to 0.0
      Sep 18, 2017 to Nov 17, 2017
    • HNW RAUM · unset to 0.0
      Sep 18, 2017 to Nov 17, 2017
    • Individual RAUM · unset to 0.0
      Sep 18, 2017 to Nov 17, 2017
    • Pension RAUM · unset to 0.0
      Sep 18, 2017 to Nov 17, 2017
    • Pooled vehicle RAUM · unset to 0.0
      Sep 18, 2017 to Nov 17, 2017
    • Accounts · 1,154 to 1,142
      Mar 21, 2016 to Mar 24, 2017
    • Advisory activities · 1 to 2
      Mar 21, 2016 to Mar 24, 2017
    • Employees · 10 to 11
      Mar 21, 2016 to Mar 24, 2017
    • Discretionary RAUM · $584M to $523M
      Mar 21, 2016 to Mar 24, 2017
    • RAUM · $584M to $523M
      Mar 21, 2016 to Mar 24, 2017
    • Accounts · 1,236 to 1,154
      Jan 7, 2016 to Mar 21, 2016
    • Advisory employees · 5 to 6
      Jan 7, 2016 to Mar 21, 2016
    • State-registered IARs · 5 to 6
      Jan 7, 2016 to Mar 21, 2016
    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.
    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