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
P•• I••••••••• A••••••• L••
Latest filing Mar 27, 2026
First filing on the tape Mar 27, 2012 · 30 filings
SEC status approved since May 8, 2015
RAUM
$367M
reported, Item 5.F
Discretionary
71%
of RAUM
Private clients
76%
$280M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$52.5M
derived; firm RAUM over IAPD count
Employees
9
8 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$367M as of Mar 27, 2026
Mar 27, 2012$74.7M then
HNW client RAUM$205M as of Mar 27, 2026
Feb 22, 2018$42.3M then
State-registered IARs (5.B.3)8 as of Mar 27, 2026
Mar 27, 20120 then
Employees (5.A)9 as of Mar 27, 2026
Mar 3, 20168 then
Private funds: no history
RAUM +51% over the last fiscal year+35% a year over threeIARs 8 to 8
Practice profile
derived from the filing of Mar 27, 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
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $52.5MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 65derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.8MderivedHNW RAUM over HNW clients
- Average account
- $372,382derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 71%derivedof RAUM
- Institutional
- 22%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 2.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +51%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +9.9%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminars, otherreportedItem 5.G
- Custody
- $1.0M, 3 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
- is an insurance broker or agent (6.A.6)
- 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)
- 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$205M56%
- Pension and profit-sharing plans$80.4M22%
- Individuals$75.1M20%
- Corporations and businesses$7.0M1.9%
- Individual clients
- 384reported
- HNW clients
- 73reported
- Pension plan clients
- 34reported
- Charitable clients
- n/areported
- Accounts
- 986reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.0M for 3 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.76 fund_share=0.0 institutional_share=0.22 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| J••• M•••••• S••••Personal Financial Specialist | Salisbury, Md | Jan 12, 2000 | 40 y | 0 |
| G•••••• G••••• L••••••Certified Financial Planner | Salisbury, Md | Sep 8, 2009 | 17 y | 0 |
| D••••• M•••••• O••••••••Personal Financial Specialist | Salisbury, Md | Oct 6, 2010 | 30 y | 0 |
| C••••• J• H•••••••Certified Financial Planner | Salisbury, Md | Feb 12, 2019 | 12 y | 0 |
| K••• M••••••• B••••Certified Financial Planner | Salisbury, Md | Nov 22, 2023 | 12 y | 0 |
| W•••••• E•••• B•••• | Salisbury, Md | Dec 18, 2023 | 33 y | 0 |
| S••••• M•••••• L•••••• | Ocean City, Md | Apr 4, 2024 | 12 y | 0 |
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
Left, latest
- T•••••• A•••••• G••••••• to C••••• I••••••••• A••••••• L••Jan 10, 2022 · RIA to affiliated broker-dealer or bank
- S••••• E••••• S••••••• to C•••••••• I••••••••• R••••••• A•••••••• I•••Jan 2, 2020 · RIA to affiliated broker-dealer or bank
- S••••• M•••••• J•••• to T• R••• P•••• A••••••• S•••••••• I•••Jun 25, 2018 · RIA to RIA
- J••• H•••• R••••• to E•• F•••••••• A•••••••Mar 16, 2015 · Other
Joined, latest
- S••••• M•••••• J•••• from T• R••• P•••• A••••••• S•••••••• I•••Jan 10, 2017 · Other
- S••••• E••••• S••••••• from S••••••• I••••••••• S•••••••• I•••Aug 28, 2015 · Other
- T•••••• A•••••• G••••••• from O•••• I••••••••• I•••Nov 27, 2012 · Other
- J••• H•••• R••••• from H• B•••• I•••Apr 26, 2007 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- O••••••••• D•••••• M•••••• · Managing Partner / President/Chief Compliance Officercontrolsince 01/2020 · owns less than 5%
- L••••••• G••••••• G••••• · Membersince 10/2022 · owns 10% to 25%
Entity owners
- P•• • C••••••• P••• · Ownerdirect · owns 75% or more
Related persons
Schedule D 7.A
- P•• • C••••••• P•••insurancey
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Salisbury, Md · principal | 7 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Lewes, DE1 employees
- Ocean City, MD
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- RAUM up 50 %Change between filings · filing Mar 27, 2026RAUM (Item 5.F) moved from $242,395,217 to $367,168,512 (+51.0%) between the annual amendments of 2025-03-26 and 2026-03-27; the peer median change was +15.0% (4549 comparable advisers, 96.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,549) · 96% percentile
- discretionary share shiftChange between filings · filing Mar 27, 2026discretionary share of RAUM moved from 96.0% to 71.0% between the annual amendments of 2025-03-26 and 2026-03-27peers: independent wealth managers, $100M to $500M (5,678)
What changed
consecutive filings, newest first
- Accounts · 878 to 986Mar 26, 2025 to Mar 27, 2026
- Corporate clients · 8 to 9Mar 26, 2025 to Mar 27, 2026
- HNW clients · 59 to 73Mar 26, 2025 to Mar 27, 2026
- Individual clients · 357 to 384Mar 26, 2025 to Mar 27, 2026
- Pension plan clients · 17 to 34Mar 26, 2025 to Mar 27, 2026
- Assets in custody · $1.1M to $1.0MMar 26, 2025 to Mar 27, 2026
- Discretionary RAUM · $232M to $261MMar 26, 2025 to Mar 27, 2026
- HNW RAUM · $143M to $205MMar 26, 2025 to Mar 27, 2026
- Individual RAUM · $71.2M to $75.1MMar 26, 2025 to Mar 27, 2026
- Non-discretionary RAUM · $9.9M to $106MMar 26, 2025 to Mar 27, 2026
- Pension RAUM · $22.7M to $80.4MMar 26, 2025 to Mar 27, 2026
- RAUM · $242M to $367MMar 26, 2025 to Mar 27, 2026
- Accounts · 771 to 878Aug 7, 2024 to Mar 26, 2025
- Advisory employees · 7 to 8Aug 7, 2024 to Mar 26, 2025
- Advisory activities · 6 to 7Aug 7, 2024 to Mar 26, 2025
- Corporate clients · 6 to 8Aug 7, 2024 to Mar 26, 2025
- HNW clients · 45 to 59Aug 7, 2024 to Mar 26, 2025
- Individual clients · 322 to 357Aug 7, 2024 to Mar 26, 2025
- Pension plan clients · 14 to 17Aug 7, 2024 to Mar 26, 2025
- Assets in custody · $1.0M to $1.1MAug 7, 2024 to Mar 26, 2025
- Financial planning clients · 1-10 to 1-10Aug 7, 2024 to Mar 26, 2025
- State-registered IARs · 5 to 8Aug 7, 2024 to Mar 26, 2025
- Discretionary RAUM · $173M to $232MAug 7, 2024 to Mar 26, 2025
- HNW RAUM · $84.0M to $143MAug 7, 2024 to Mar 26, 2025
- Individual RAUM · $69.2M to $71.2MAug 7, 2024 to Mar 26, 2025
- Non-discretionary RAUM · $1.8M to $9.9MAug 7, 2024 to Mar 26, 2025
- Pension RAUM · $17.7M to $22.7MAug 7, 2024 to Mar 26, 2025
- RAUM · $175M to $242MAug 7, 2024 to Mar 26, 2025
- Accounts · 730 to 771Jul 25, 2023 to Mar 14, 2024
- Advisory employees · 5 to 7Jul 25, 2023 to Mar 14, 2024
- Corporate clients · 9 to 6Jul 25, 2023 to Mar 14, 2024
- HNW clients · 42 to 45Jul 25, 2023 to Mar 14, 2024
- Individual clients · 315 to 322Jul 25, 2023 to Mar 14, 2024
- Assets in custody · $100,000 to $1.0MJul 25, 2023 to Mar 14, 2024
- Employees · 7 to 9Jul 25, 2023 to Mar 14, 2024
- Financial planning clients · 0 to 1-10Jul 25, 2023 to Mar 14, 2024
- Discretionary RAUM · $147M to $173MJul 25, 2023 to Mar 14, 2024
- HNW RAUM · $70.0M to $84.0MJul 25, 2023 to Mar 14, 2024
- Individual RAUM · $60.1M to $69.2MJul 25, 2023 to Mar 14, 2024
- Non-discretionary RAUM · $2.5M to $1.8MJul 25, 2023 to Mar 14, 2024
Signals
5 dated events
- P•• I••••••••• A••••••• L•• reported RAUM $367.2M, up 51% from $242.4M (2025-03-26 to 2026-03-27)Mar 27, 2026 · RAUM change · derived
- Michael John Stern (Officer/Shareholder) no longer on Schedule A of P•• I••••••••• A••••••• L•• (listed 2021-01-28, absent 2022-03-23)Mar 23, 2022 · Control person left · inference
- T•••••• A•••••• G••••••• left P•• I••••••••• A••••••• L•• for C••••• I••••••••• A••••••• L•• (registered 2024-03-21)Jan 10, 2022 · Advisor changed firm · fact
- Michael Daniel O'Connell (Managing Partner / President) appeared on Schedule A of P•• I••••••••• A••••••• L••Feb 13, 2020 · Control person joined · fact
- P•• I••••••••• A••••••• L•• filed its initial SEC registration (Form ADV)Apr 28, 2015 · First SEC registration · fact
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
- 302-645-5757reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 410-213-7185reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 302-645-1757reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- w••.p•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 410-546-5600reportedpublic record, Form ADV, Mar 27, 2026
- Contact form
- p•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- p•••••••••.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
- $52.5Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026