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
Muhlenkamp & Co Inc
Latest filing Dec 19, 2025
First filing on the tape Dec 21, 2011 · 24 filings
SEC status approved since Oct 8, 1981
RAUM
$436M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
39%
$172M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$145M
derived; firm RAUM over IAPD count
Employees
6
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$436M as of Dec 19, 2025
Dec 21, 2011$542M then
HNW client RAUM$154M as of Dec 19, 2025
Jan 2, 2018$65.6M then
State-registered IARs (5.B.3)5 as of Dec 19, 2025
Dec 14, 20128 then
Employees (5.A)6 as of Dec 19, 2025
Dec 14, 201219 then
Private funds: no history
RAUM +26% over the last fiscal year+14% a year over threeIARs 4 to 5
Practice profile
derived from the filing of Dec 19, 2025; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- RAUM per advisor
- $145MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 20derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.3MderivedHNW RAUM over HNW clients
- Average account
- $6.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +19%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +14%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, publications, educational seminarsreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$254M58%
- High-net-worth individuals$154M35%
- Individuals$17.8M4.1%
- Charitable organizations$6.2M1.4%
- Corporations and businesses$2.8M0.6%
- Pension and profit-sharing plans$345,8550.1%
- Individual clients
- 31reported
- HNW clients
- 29reported
- Pension plan clients
- 1reported
- Charitable clients
- 4reported
- Accounts
- 69reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.39 fund_share=0.58 institutional_share=0.01 related_bd=false related_bank=false bd_reps=4.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Ronald Henry Muhlenkamp | Wexford, Pa | Jul 8, 1991 | 48 y | 0 |
| Anthony William Muhlenkamp | Wexford, Pa | Sep 6, 2004 | 34 y | 0 |
| Jeffrey Paul MuhlenkampChartered Financial Analyst | Wexford, Pa | May 16, 2017 | 18 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
- Tammy Sue Neff to Hefren-Tillotson, Inc.Feb 4, 2019 · RIA to RIA
- Monica Lynn Leister to Oppenheimer & Co. Inc.Feb 4, 2019 · RIA to affiliated broker-dealer or bank
- Katherine Nile Baum to Morgan StanleyMay 9, 2017 · Other
- Brian Lewis Yates to Pittsburgh Financial Planners, Inc.May 26, 2016 · Other
Joined, latest
- Brian Lewis Yates from Merrill Lynch, Pierce, Fenner & Smith IncorporatedNov 16, 2009 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- William Anthony Muhlenkamp · President/Chief Compliance Officer/Directorcontrolsince 12/2012 · owns less than 5%
- Paul Jeffrey Muhlenkamp · Portfolio Manager, Directorcontrolsince 12/2021 · owns less than 5%
- Henry Ronald Muhlenkamp · Owner/Directorcontrolsince 08/1981 · owns 75% or more
- Sue Constance Muhlenkamp · Directorsince 07/1982 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Wexford, Pa · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- unusually large average accountStatic outlier · filing Dec 19, 2025RAUM per account of $6,316,370 against a peer median of $439,994 (5431 comparable advisers, 100.0th percentile, 4.0 robust deviations)peers: independent wealth managers, $100M to $500M (5,431) · 100% percentile
- very high RAUM per advisorStatic outlier · filing Dec 19, 2025RAUM per registered advisor of $145,276,499 against a peer median of $55,731,856 (3254 comparable advisers, 98.0th percentile, 3.1 robust deviations)peers: independent wealth managers, $100M to $500M (3,254) · 98% percentile
What changed
consecutive filings, newest first
- Accounts · 105 to 69Sep 4, 2025 to Dec 19, 2025
- Individual clients · 30 to 31Sep 4, 2025 to Dec 19, 2025
- Discretionary RAUM · $415M to $436MSep 4, 2025 to Dec 19, 2025
- HNW RAUM · $146M to $154MSep 4, 2025 to Dec 19, 2025
- Individual RAUM · $16.6M to $17.8MSep 4, 2025 to Dec 19, 2025
- Pension RAUM · $331,254 to $345,855Sep 4, 2025 to Dec 19, 2025
- RAUM · $415M to $436MSep 4, 2025 to Dec 19, 2025
- Accounts · 103 to 105Jul 7, 2025 to Sep 4, 2025
- Advisory employees · 2 to 1Jul 7, 2025 to Sep 4, 2025
- Charity clients · 2 to 4Jul 7, 2025 to Sep 4, 2025
- HNW clients · 19 to 29Jul 7, 2025 to Sep 4, 2025
- Individual clients · 39 to 30Jul 7, 2025 to Sep 4, 2025
- Pension plan clients · 0 to 1Jul 7, 2025 to Sep 4, 2025
- State-registered IARs · 4 to 5Jul 7, 2025 to Sep 4, 2025
- Discretionary RAUM · $412M to $415MJul 7, 2025 to Sep 4, 2025
- HNW RAUM · $107M to $146MJul 7, 2025 to Sep 4, 2025
- Individual RAUM · $46.4M to $16.6MJul 7, 2025 to Sep 4, 2025
- Pension RAUM · $0 to $331,254Jul 7, 2025 to Sep 4, 2025
- RAUM · $412M to $415MJul 7, 2025 to Sep 4, 2025
- Financial planning clients · 1-10 to 1-10Dec 17, 2024 to Jul 7, 2025
- Accounts · 88 to 103Dec 13, 2023 to Dec 17, 2024
- HNW clients · 18 to 19Dec 13, 2023 to Dec 17, 2024
- Individual clients · 33 to 39Dec 13, 2023 to Dec 17, 2024
- Discretionary RAUM · $345M to $412MDec 13, 2023 to Dec 17, 2024
- HNW RAUM · $86.0M to $107MDec 13, 2023 to Dec 17, 2024
- Individual RAUM · $36.2M to $46.4MDec 13, 2023 to Dec 17, 2024
- RAUM · $345M to $412MDec 13, 2023 to Dec 17, 2024
- Accounts · 81 to 88Dec 8, 2022 to Dec 13, 2023
- Corporate clients · 0 to 1Dec 8, 2022 to Dec 13, 2023
- HNW clients · 20 to 18Dec 8, 2022 to Dec 13, 2023
- Individual clients · 29 to 33Dec 8, 2022 to Dec 13, 2023
- Discretionary RAUM · $375M to $345MDec 8, 2022 to Dec 13, 2023
- HNW RAUM · $85.1M to $86.0MDec 8, 2022 to Dec 13, 2023
- Individual RAUM · $22.1M to $36.2MDec 8, 2022 to Dec 13, 2023
- RAUM · $375M to $345MDec 8, 2022 to Dec 13, 2023
- Accounts · 67 to 81Jan 3, 2022 to Nov 22, 2022
- HNW clients · 21 to 20Jan 3, 2022 to Nov 22, 2022
- Individual clients · 21 to 29Jan 3, 2022 to Nov 22, 2022
- Discretionary RAUM · $291M to $375MJan 3, 2022 to Nov 22, 2022
- HNW RAUM · $81.4M to $85.1MJan 3, 2022 to Nov 22, 2022
Signals
1 dated events
- Paul Jeffrey Muhlenkamp (Portfolio Manager, Director) appeared on Schedule A of Muhlenkamp & Co IncJan 3, 2022 · Control person joined · 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
- Firm profile
- LINKEDIN.COM/COMPANY/MUHLENKAMP-&-COMPANYreportedpublic record, Form ADV, Sep 18, 2026
- Website
- ybwealthy.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 724-935-5520reportedpublic record, Form ADV, Dec 19, 2025
- Contact form
- ybwealthy.com/contactreportedpublished 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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $145Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026