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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
SEC-registered adviser
A••••••• F•••••••• M••••••••• L•••
Latest filing Feb 16, 2026
First filing on the tape Mar 23, 2012 · 48 filings
SEC status approved since Oct 26, 1983
RAUM
$31.6M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$31.6M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$15.8M
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
48 filings and snapshots on the tape
RAUM$31.6M as of Feb 16, 2026
Mar 27, 2012$77.2M then
HNW client RAUM$6.2M as of Feb 16, 2026
Apr 24, 2018$3.6M then
State-registered IARs (5.B.3)2 as of Feb 16, 2026
Apr 25, 20132 then
Employees (5.A)2 as of Feb 16, 2026
Apr 25, 20135 then
Private funds: no history
RAUM -5.5% over the last fiscal year-6.1% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Feb 16, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
- RAUM per advisor
- $15.8MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 62derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.2MderivedHNW RAUM over HNW clients
- Average account
- $203,871derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -5.5%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -36%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, otherreportedItem 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
- is an insurance broker or agent (6.A.6)
- 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
- Individuals$25.4M80%
- High-net-worth individuals$6.2M20%
- Individual clients
- 119reported
- HNW clients
- 5reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 155reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=1.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| H••••• R•••••• D•••••Certified Financial Planner | Owings Mills, Md | Jun 30, 1999 | 46 y | 0 |
| B•••••• T••••••••• C••••• | Owings Mills, Md | Dec 17, 2025 | 10 y | 2 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- G••• C•••••• H•••• to C•••••••• I••••••••• R••••••• A•••••••• I•••Apr 13, 2017 · Other
- K•••••• N••• H•••••• to I••••••••• A•••• M••••••••• L••Aug 11, 2014 · Other
Joined, latest
- B•••••• T••••••••• C••••• from T•• M••••••• F•••••••• G•••• L••Dec 17, 2025 · RIA to RIA
- P•••• A••••• M••••••• from S•• A•••••••• I•••Sep 19, 2022 · Affiliated broker-dealer or bank to independent RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- C•••••• B••••••• T••••••••• · President & Chief Compliance Officercontrolsince 09/2023 · owns 75% or more
Entity owners
- T•• M••••••• F•••••••• G•••• L•• · Ownerdirect · owns 75% or more
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 |
|---|---|---|---|---|---|
| Owings Mills, Md · principal | 2 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Cedar Falls, IA1 employees
- Owings Mills, MD1 employees
What changed
consecutive filings, newest first
- Accounts · 193 to 155Apr 21, 2025 to Feb 16, 2026
- HNW clients · 1 to 5Apr 21, 2025 to Feb 16, 2026
- Individual clients · 192 to 119Apr 21, 2025 to Feb 16, 2026
- Financial planning clients · 0 to 1-10Apr 21, 2025 to Feb 16, 2026
- HQ city · TOWSON to OWINGS MILLSApr 21, 2025 to Feb 16, 2026
- Discretionary RAUM · $33.4M to $31.6MApr 21, 2025 to Feb 16, 2026
- HNW RAUM · $1.7M to $6.2MApr 21, 2025 to Feb 16, 2026
- Individual RAUM · $31.8M to $25.4MApr 21, 2025 to Feb 16, 2026
- RAUM · $33.4M to $31.6MApr 21, 2025 to Feb 16, 2026
- Financial planning clients · 0 to 0Feb 18, 2025 to Apr 21, 2025
- Accounts · 259 to 193Dec 6, 2024 to Feb 18, 2025
- Advisory employees · 1 to 2Dec 6, 2024 to Feb 18, 2025
- BD registered reps · 0 to 1Dec 6, 2024 to Feb 18, 2025
- Individual clients · 258 to 192Dec 6, 2024 to Feb 18, 2025
- Employees · 1 to 2Dec 6, 2024 to Feb 18, 2025
- Insurance-licensed employees · 1 to 0Dec 6, 2024 to Feb 18, 2025
- HQ city · unset to TOWSONDec 6, 2024 to Feb 18, 2025
- HQ state · unset to MDDec 6, 2024 to Feb 18, 2025
- State-registered IARs · 1 to 2Dec 6, 2024 to Feb 18, 2025
- Other offices · 2 to 1Dec 6, 2024 to Feb 18, 2025
- Accounts · 254 to 259Feb 6, 2024 to Feb 26, 2024
- Individual clients · 215 to 258Feb 6, 2024 to Feb 26, 2024
- HNW RAUM · $1.7M to $1.7MFeb 6, 2024 to Feb 26, 2024
- Individual RAUM · $31.7M to $31.8MFeb 6, 2024 to Feb 26, 2024
- Advisory employees · 2 to 1Jan 17, 2024 to Jan 23, 2024
- BD registered reps · 1 to 0Jan 17, 2024 to Jan 23, 2024
- Employees · 2 to 1Jan 17, 2024 to Jan 23, 2024
- State-registered IARs · 2 to 1Jan 17, 2024 to Jan 23, 2024
- Business name · A••••••• F•••••••• M••••••••• L•• to A••••••• F•••••••• M••••••••• L•••Jan 10, 2024 to Jan 17, 2024
- Legal name · A••••••• F•••••••• M••••••••• L•• to A••••••• F•••••••• M••••••••• L•••Jan 10, 2024 to Jan 17, 2024
- Accounts · 326 to 254Sep 28, 2023 to Jan 10, 2024
- Advisory activities · 3 to 4Sep 28, 2023 to Jan 10, 2024
- Corporate clients · 1 to 0Sep 28, 2023 to Jan 10, 2024
- HNW clients · 0 to 1Sep 28, 2023 to Jan 10, 2024
- Individual clients · 325 to 215Sep 28, 2023 to Jan 10, 2024
- Financial planning clients · unset to 0Sep 28, 2023 to Jan 10, 2024
- HQ city · HUNT VALLEY to unsetSep 28, 2023 to Jan 10, 2024
- HQ state · MD to unsetSep 28, 2023 to Jan 10, 2024
- Discretionary RAUM · $38.2M to $33.4MSep 28, 2023 to Jan 10, 2024
- HNW RAUM · $0 to $1.7MSep 28, 2023 to Jan 10, 2024
Signals
7 dated events
- P•••• A••••• M••••••• no longer registered at A••••••• F•••••••• M••••••••• L•••; no later IA registration on IAPDJan 23, 2024 · Advisor departure · fact
- Andrew Peter Marshall (Managing Member) no longer on Schedule A of A••••••• F•••••••• M••••••••• L••• (listed 2024-01-10, absent 2024-01-17)Jan 17, 2024 · Control person left · inference
- T••••••••• B•••••• C••••• (President & Chief Compliance Officer) appeared on Schedule A of A••••••• F•••••••• M••••••••• L•••Jan 10, 2024 · Control person joined · fact
- A••••••• F•••••••• M••••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)Jan 17, 2023 · Succession (Item 4) · fact
- Richard Howard Dobson (Chairman/Ceo) no longer on Schedule A of A••••••• F•••••••• M••••••••• L••• (listed 2022-04-22, absent 2022-09-19)Sep 19, 2022 · Control person left · inference
- Andrew Thomas Dobson (Vice President/Marketing Director) no longer on Schedule A of A••••••• F•••••••• M••••••••• L••• (listed 2022-04-22, absent 2022-09-19)Sep 19, 2022 · Control person left · inference
- Andrew Peter Marshall (President & Chief Compliance Officer) appeared on Schedule A of A••••••• F•••••••• M••••••••• L•••Sep 19, 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
- Business email
- support@afm-ria.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 319-277-0798reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 443-339-2115reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/american-financial-management-ltd/?viewreportedpublic record, Form ADV, Sep 18, 2026
- Website
- afm-ria.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (443) 339-2115reportedpublic record, Form ADV, Feb 16, 2026
- Contact form
- afm-ria.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- afm-ria.com/meet-our-teamreportedpublished 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
- $15.8Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026