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.

SEC-registered adviser

Westminster Financial Advisory Corp

Independent wealth managerBeavercreek, OhioCRD 110283SEC 801-29690website IAPD

Latest filing Mar 30, 2026

First filing on the tape Jan 4, 2012 · 38 filings

SEC status approved since Jun 15, 1987

RAUM

$1.4B

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

90%

$1.2B individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$34.0M

derived; firm RAUM over IAPD count

Employees

41 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

38 filings and snapshots on the tape

RAUM$1.4B as of Mar 30, 2026

Mar 30, 2012$136M then

HNW client RAUM$799M as of Mar 30, 2026

Mar 23, 2018$226M then

State-registered IARs (5.B.3)43 as of Mar 30, 2026

Mar 30, 20120 then

Employees (5.A)43 as of Mar 30, 2026

Mar 28, 201325 then

Private funds: no history

RAUM +11% over the last fiscal year+22% a year over threeIARs 46 to 43offices 21 to 20

Practice profile

derived from the filing of Mar 30, 2026; every figure names its basis

Archetypes, each a printed rule

Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
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: $34.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 48derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $2.6MderivedHNW RAUM over HNW clients
Average account: $408,058derivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 2.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.1derivedItem 5.A over advisors
Advisors per office: 1.9derived21 offices incl. principal (1.F.5)
RAUM growth, one year: +11%derivedbetween the last two annual amendments
Advisor growth, one year: -6.5%derivedItem 5.B.3 between annual amendments
Client growth, one year: +1.2%derived
Compensation: percentage of assets, fixed fees, commissionsreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
Financial planning clients: 500reportedItem 5.H
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 a broker-dealer (6.A.1)
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 securities (9.A.1.b)
a related person has custody of client securities (9.B.1.b)
an independent public accountant performs a surprise examination (9.C.1)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$799M59%
Individuals$420M31%
Corporations and businesses$103M7.6%
Pension and profit-sharing plans$39.3M2.9%

Individual clients: 1,629reported
HNW clients: 306reported
Pension plan clients: 72reported
Charitable clients: 0reported
Accounts: 3,337reported
Financial planning clients: 500reported
Wrap fee programs: noreported
Custody of client assets: noreported
Compensation: % of AUM, fixed, commissionsreported
Class basis: private_client_share=0.9 fund_share=0.0 institutional_share=0.03 related_bd=true related_bank=false bd_reps=41.0derived

Advisors registered through the firm

40 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
James Andrew Baronian	West Hartford, Ct	Sep 26, 2002	39 y	0
Christine P Y TenbargeCertified Financial Planner, Chartered Financial Consultant	Beavercreek, Oh	Jan 22, 2003	39 y	0
Vivienne Kay Noufer	Beavercreek, Oh	Jan 22, 2003	40 y	0
Lawrence Miles Brazie	Beavercreek, Oh	Jan 22, 2003	39 y	0
Drew Alan BrazieChartered Financial Consultant	Beavercreek, Oh	Mar 31, 2003	40 y	0
Clifford Earle MarstillerCertified Financial Planner	Elkins, Wv	Jun 29, 2004	41 y	0
Edward Salvatore Registrato	Beavercreek, Oh	Sep 4, 2007	48 y	0
Erica Denise Melissa	Sun City, Az	Sep 5, 2008	32 y	0
Johann Nanayakkara	Beavercreek, Oh	Apr 1, 2009	46 y	1
Michael William Suhay	Avon, Oh	Feb 17, 2010	22 y	1
Robert Joseph Caron	Andover, Ma	Mar 1, 2010	23 y	3
Louis James Zone	Hudson, Fl	Aug 20, 2010	41 y	2
Donald David Boucher	Osprey, Fl	Sep 29, 2010	30 y	2
Kirk Wilson Stager	Beavercreek, Oh	Sep 10, 2013	30 y	0
Steven Jeffrey SipniewskiCertified Financial Planner	Beavercreek, Oh	Nov 26, 2013	13 y	1
Peter Charles Bittermann	Onalask, Wi	Jan 23, 2014	26 y	1
Jessica Marie Trunck	Beavercreek, Oh	Sep 2, 2014	23 y	1
Ryan D Rabold	Beavercreek, Oh	Jun 17, 2015	13 y	0
Morgan Phillip Brazie	Beavercreek, Oh	Jun 17, 2015	13 y	0
Kenneth David Warnick	Beavercreek, Oh	Aug 17, 2015	40 y	1
Paul Philip StongeChartered Financial Consultant	Bonita Springs, Fl	May 5, 2016	45 y	3
Stuart Charles BrazieCertified Financial Planner, Chartered Financial Consultant	Beavercreek, Oh	Jan 3, 2017	33 y	3
Edward Reed Laughlin	Miami, Fl	May 15, 2017	15 y	2
Jessica Lynn DavisCertified Financial Planner	Dayton, Oh	May 17, 2017	12 y	0
Bradley Ray Smith	Franklin, Tn	Sep 7, 2017	20 y	3
Benjamin Patrick Wynd	Franklin, Tn	Sep 13, 2017	11 y	1
Thomas Francis Labrie	Beavercreek, Oh	Jul 17, 2018	39 y	2
Paul Alan Brazie	Dayton, Oh	Aug 13, 2018	24 y	3
John Lane Obrien	Brookfield, Ct	Sep 17, 2018	34 y	2
Brenda Lynne Larkin	West Hartford, Ct	Feb 22, 2019	28 y	3
Sophie Helenek	Madison, Ct	Aug 21, 2020	10 y	1
Voras Kerns HaynesCertified Financial Planner	Elkins, Wv	Mar 15, 2021	40 y	1
Collin Reed Brazie	Beavercreek, Oh	Apr 29, 2021	15 y	0
Grant Patrick Samuel Francis	Beavercreek, Oh	Sep 15, 2022	12 y	0
Moustapha MounahChartered Financial Analyst	Beavercreek, Oh	Mar 1, 2024	11 y	1
William Warren Crozier	Medina, Oh	Aug 27, 2024	25 y	4
Damyon Lee Juntunen	Beavercreek, Oh	Jan 6, 2025	10 y	0
Kyle Eric Cook	Brecksville, Oh	Jan 31, 2025	10 y	0
Alexandra Lauren Morrison	Beavercreek, Oh	Apr 30, 2025	14 y	0
Horacio John Woolcott	Franklin, Tn	Jul 27, 2026	13 y	2

Advisor movement

3 left, 2 joined in 12 months

net -1 in 12 months2 left in 90 days1 joined in 90 daysdeparture rate 7.5% of current headcount3 left over 36 months

Left, latest

Ryan Elliot Shoop to Royal Oak Financial Advisors, LLC
Jul 20, 2026 · RIA to RIA
Hans Thomas Gappy to Royal Oak Financial Advisors, LLC
Jul 20, 2026 · RIA to RIA
Sarah Ann Terrell to Spc
Apr 27, 2026 · RIA to affiliated broker-dealer or bank
Keith L Wood to Stifel Independent Advisors, LLC
Oct 22, 2021 · RIA to affiliated broker-dealer or bank
Hans Thomas Gappy to Stifel Independent Advisors, LLC
Oct 22, 2021 · RIA to affiliated broker-dealer or bank
Patrick George Armstrong to LPL Financial LLC
Jun 8, 2021 · RIA to affiliated broker-dealer or bank
Mitchell Thomas Bodenmiller to Mid Atlantic Financial Management, Inc.
Feb 12, 2021 · RIA to affiliated broker-dealer or bank
Nabih George Nabti to Potomac Financial Services, Inc.
Mar 6, 2020 · Other
Roger Elliott Hare to American Portfolios Advisors, Inc
Dec 7, 2015 · Other
Lewis Gene Wentz to Raymond James Financial Services Advisors, Inc
Apr 28, 2015 · Other
Timothy Michael Porter to Raymond James Financial Services Advisors, Inc
Apr 28, 2015 · Other
Christin Brooke Miller to Cambridge Investment Research Advisors, Inc.
Mar 30, 2015 · Other
Kathye A Lanning to Wells Fargo Advisors
Sep 4, 2013 · Other
Winston Imwalle to Strategic Advisers LLC
Jun 11, 2013 · Other
Katelyn Drake Depew to Pnc Wealth Management
Aug 9, 2012 · Other

Joined, latest

Horacio John Woolcott from Alliancebernstein L.P.
Jul 27, 2026 · Other
Sarah Ann Terrell from Luken Investment Analytics, LLC
Sep 17, 2025 · RIA to RIA
William Warren Crozier from Osaic Fa, Inc.
Aug 27, 2024 · Affiliated broker-dealer or bank to independent RIA
Moustapha Mounah from James Investment Research Inc
Mar 1, 2024 · RIA to RIA
Ryan Elliot Shoop from Stifel Independent Advisors, LLC
Jan 10, 2024 · Affiliated broker-dealer or bank to independent RIA
Hans Thomas Gappy from Stifel Independent Advisors, LLC
Jan 10, 2024 · Affiliated broker-dealer or bank to independent RIA
Sophie Helenek from Morgan Stanley
Aug 21, 2020 · Wirehouse to independent RIA
Mitchell Thomas Bodenmiller from Tudor Financial, Inc.
Jan 23, 2020 · RIA to RIA
Keith L Wood from Voya Financial Advisors, Inc.
Feb 26, 2019 · Affiliated broker-dealer or bank to independent RIA
Brenda Lynne Larkin from Osaic Fa, Inc.
Feb 22, 2019 · Affiliated broker-dealer or bank to independent RIA
John Lane Obrien from Osaic Fa, Inc.
Sep 17, 2018 · Affiliated broker-dealer or bank to independent RIA
Paul Alan Brazie from Key Investment Services LLC
Aug 13, 2018 · Affiliated broker-dealer or bank to independent RIA
Thomas Francis Labrie from Osaic Fa, Inc.
Jul 17, 2018 · Affiliated broker-dealer or bank to independent RIA
Bradley Ray Smith from Horter Investment Management, LLC
Sep 7, 2017 · Other
Edward Reed Laughlin from B Riley Wealth Management
May 15, 2017 · Other

Every departure Every arrival

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

2 left for Royal Oak Financial Advisors, LLC
Jul 20, 2026 · Westlake, Oh

Teams out Teams in

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Miles Lawrence Brazie · Ceocontrol
since 11/2001 · owns less than 5%
Phillip Morgan Brazie · Presidentcontrol
since 04/2021 · owns less than 5%
Marie Jessica Trunck · Chief Compliance Officercontrol
since 08/2014 · owns less than 5%
Miles Lawrence Brazie · Shareholder/Ceocontrol
since 01/1998 · owns 75% or more of Westminster Financial Companies, Inc.

Entity owners

Westminster Financial Companies, · Holding
direct · owns 75% or more
Westminster Financial Companies, Inc. · Holding Company
direct · owns 75% or more

Related persons

Schedule D 7.A

Westminster Financial Agencies, Inc.
real estaten
Westminster Financial Securities, Inc.
broker-dealern

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out
Beavercreek, Oh · principal	31	0	0
Dayton, Oh	4	0	0
Franklin, Tn	3	1	1
West Hartford, Ct	2	0	0
Andover, Ma	2	0	0
Elkins, Wv	2	0	0
Sun City, Az	2	0	0
Westlake, Oh	0	0	2	1

Offices

Schedule D 1.F, the 25 largest

Sun City, AZ2 employees
West Hartford, CT2 employees
Annapolis, MD2 employees
Dayton, OH2 employees
Franklin, TN2 employees
Elkins, WV2 employees
, 1 employees
Andover, MA1 employees
Portsmouth, NH1 employees
East Greenwich, RI1 employees
Miami, FL1 employees
Brookfield, CT1 employees

ADV anomalies

1 against comparable advisers; where to look, not conclusions

control person changedChange between filings · filing Mar 30, 2026
BRAZIE, MORGAN, PHILLIP (PRESIDENT) appeared on Schedule A between the filings of 2014-08-15 and 2026-03-30
peers: independent wealth managers, $1B to $5B (1,360)

How anomalies are measured

What changed

consecutive filings, newest first

Accounts · 3,255 to 3,337
Oct 30, 2025 to Mar 30, 2026
Advisory employees · 46 to 41
Oct 30, 2025 to Mar 30, 2026
BD registered reps · 44 to 41
Oct 30, 2025 to Mar 30, 2026
Corporate clients · 31 to 22
Oct 30, 2025 to Mar 30, 2026
HNW clients · 271 to 306
Oct 30, 2025 to Mar 30, 2026
Individual clients · 1,642 to 1,629
Oct 30, 2025 to Mar 30, 2026
Pension plan clients · 78 to 72
Oct 30, 2025 to Mar 30, 2026
Assets in custody · $944,907 to $9.3M
Oct 30, 2025 to Mar 30, 2026
Employees · 46 to 43
Oct 30, 2025 to Mar 30, 2026
State-registered IARs · 46 to 43
Oct 30, 2025 to Mar 30, 2026
Other offices · 21 to 20
Oct 30, 2025 to Mar 30, 2026
Discretionary RAUM · $1.2B to $1.4B
Oct 30, 2025 to Mar 30, 2026
HNW RAUM · $678M to $799M
Oct 30, 2025 to Mar 30, 2026
Individual RAUM · $396M to $420M
Oct 30, 2025 to Mar 30, 2026
Pension RAUM · $36.4M to $39.3M
Oct 30, 2025 to Mar 30, 2026
RAUM · $1.2B to $1.4B
Oct 30, 2025 to Mar 30, 2026
Accounts · 2,260 to 3,255
May 30, 2024 to Mar 28, 2025
Advisory employees · 40 to 46
May 30, 2024 to Mar 28, 2025
BD registered reps · 38 to 44
May 30, 2024 to Mar 28, 2025
Corporate clients · 39 to 31
May 30, 2024 to Mar 28, 2025
HNW clients · 220 to 271
May 30, 2024 to Mar 28, 2025
Individual clients · 812 to 1,642
May 30, 2024 to Mar 28, 2025
Pension plan clients · 85 to 78
May 30, 2024 to Mar 28, 2025
Assets in custody · $900,312 to $944,907
May 30, 2024 to Mar 28, 2025
Employees · 40 to 46
May 30, 2024 to Mar 28, 2025
Insurance-licensed employees · 5 to 7
May 30, 2024 to Mar 28, 2025
Financial planning clients · More than 500 to More than 500
May 30, 2024 to Mar 28, 2025
State-registered IARs · 40 to 46
May 30, 2024 to Mar 28, 2025
Other offices · 12 to 21
May 30, 2024 to Mar 28, 2025
Discretionary RAUM · $920M to $1.2B
May 30, 2024 to Mar 28, 2025
HNW RAUM · $571M to $678M
May 30, 2024 to Mar 28, 2025
Individual RAUM · $227M to $396M
May 30, 2024 to Mar 28, 2025
Pension RAUM · $27.6M to $36.4M
May 30, 2024 to Mar 28, 2025
RAUM · $920M to $1.2B
May 30, 2024 to Mar 28, 2025
Accounts · 2,007 to 2,260
Aug 21, 2023 to Mar 28, 2024
Advisory employees · 35 to 40
Aug 21, 2023 to Mar 28, 2024
BD registered reps · 33 to 38
Aug 21, 2023 to Mar 28, 2024
Charity clients · 3 to 0
Aug 21, 2023 to Mar 28, 2024
Corporate clients · 12 to 39
Aug 21, 2023 to Mar 28, 2024
HNW clients · 178 to 220
Aug 21, 2023 to Mar 28, 2024

Signals

10 dated events

Hans Thomas Gappy left Westminster Financial Advisory Corp for Royal Oak Financial Advisors, Llc (registered 2026-07-13)
Jul 20, 2026 · Advisor changed firm · fact
Ryan Elliot Shoop left Westminster Financial Advisory Corp for Royal Oak Financial Advisors, Llc (registered 2026-07-13)
Jul 20, 2026 · Advisor changed firm · fact
2 advisors left Westminster Financial Advisory Corp (Westlake, OH) for Royal Oak Financial Advisors, LLC on the same day
Jul 20, 2026 · Team lift-out · derived
Sarah Ann Terrell left Westminster Financial Advisory Corp for Spc (registered 2026-06-08)
Apr 27, 2026 · Advisor changed firm · fact
Westminster Financial Advisory Corp reported 21 offices beyond its principal office, up from 12 (2024-05-30 to 2025-03-28)
Mar 28, 2025 · Office count change · derived
Westminster Financial Advisory Corp reported RAUM $1.2B, up 33% from $920.3M (2024-05-30 to 2025-03-28)
Mar 28, 2025 · RAUM change · derived
Westminster Financial Advisory Corp reported 40 state-registered advisory representatives, up from 30 (2023-08-21 to 2024-03-28)
Mar 28, 2024 · Advisor headcount change · derived
Westminster Financial Advisory Corp reported RAUM $836.3M, up 28% from $652.3M (2022-02-07 to 2022-03-30)
Mar 30, 2022 · RAUM change · derived
Westminster Financial Advisory Corp reported RAUM $534.6M, up 44% from $371.1M (2019-06-07 to 2020-03-13)
Mar 13, 2020 · RAUM change · derived
Westminster Financial Advisory Corp reported RAUM $426.6M, up 45% from $294.4M (2017-05-16 to 2018-03-23)
Mar 23, 2018 · RAUM change · derived

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: 512-540-3811reportedpublished by the firm, firm site, Sep 16, 2026
Website: WESTMINSTERFINANICAL.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: 937-898-5010reportedpublic record, Form ADV, Mar 30, 2026
Contact form: wealthtender.com/contact-usreportedpublished by the firm, firm site, Sep 16, 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: $34.0Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026