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

Truewealth Management

Former SEC-registered adviserAtlanta, GeorgiaCRD 111055SEC 801-57165IAPD
Legal name Truewealth, LLC
Latest filing Aug 27, 2020
First filing on the tape Nov 11, 2011 · 48 filings
RAUM
$1.7B
reported, Item 5.F
Discretionary
93%
of RAUM
Private clients
100%
$1.7B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
33
21 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
48 filings and snapshots on the tape
RAUM$1.7B as of Feb 18, 2020
Mar 8, 2012$651M then
HNW client RAUM$1.6B as of Feb 18, 2020
Feb 21, 2018$1.4B then
State-registered IARs (5.B.3)19 as of Feb 18, 2020
Mar 22, 20138 then
Employees (5.A)36 as of Feb 18, 2020
Mar 22, 201317 then
Private funds: no history
RAUM +28% over the last fiscal year+13% a year over threeIARs 16 to 16
Practice profile
derived from the filing of Aug 27, 2020; every figure names its basis
RAUM per advisor
$106MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
33derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.3MderivedHNW RAUM over HNW clients
Average account
$593,711derivedRAUM over accounts (5.F.2.f)
Discretionary
93%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.1derivedItem 5.A over advisors
Advisors per office
16.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+28%derivedbetween the last two annual amendments
Advisor growth, one year
+19%derivedItem 5.B.3 between annual amendments
Client growth, one year
-3.1%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, 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
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.6B96%
  • Individuals$67.1M3.9%
  • Corporations and businesses$3.8M0.2%
  • Pension and profit-sharing plans$5710.0%
Individual clients
154reported
HNW clients
376reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2,864reported
Financial planning clients
500reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
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
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
    • Wallace James Heard · Chairmancontrol
      since 12/2016 · owns 10% to 25%
    • M Stacy Lewis · Managercontrol
      since 01/2017 · owns less than 5%
    • Farel Amy Merrill · Managercontrol
      since 03/2011 · owns 5% to 10%
    • Hamilton Laura Nasca · Chief Operating Officercontrol
      since 12/2019 · owns less than 5%
    • Glenn Roger Ward · Manager, Chief Investment Officercontrol
      since 01/2014 · owns 5% to 10%
    • Elaine Jennifer Birchett · Membercontrol
      since 04/2019 · owns 25% to 50% of Tw Holdings II, LLC
    • Wallace James Heard · Managing Membercontrol
      since 01/2014 · owns 25% to 50% of Wbfg Holdings, LLC
    • Wallace James Heard · Shareholdercontrol
      since 11/1999 · owns 50% to 75% of Wbfg, Inc.
    • M Stacy Lewis · Managing Membercontrol
      since 01/2018 · owns 25% to 50% of Tw Holdings II, LLC
    • Farel Amy Merrill · Shareholdercontrol
      since 01/2003 · owns 25% to 50% of Wbfg, Inc.
    • Elaine Jennifer Birchett · Manager
      since 01/2018 · owns less than 5%
    Entity owners
    • Tw Holdings II, LLC · Member
      direct · owns 10% to 25%
    • Wbfg Holdings, LLC · Member
      direct · owns 10% to 25%
    • Wbfg, Inc. · Member
      direct · owns 25% to 50%
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Advisory employees · 23 to 21
      Jul 14, 2020 to Aug 27, 2020
    • Employees · 35 to 33
      Jul 14, 2020 to Aug 27, 2020
    • State-registered IARs · 18 to 16
      Jul 14, 2020 to Aug 27, 2020
    • Advisory employees · 24 to 23
      Jun 25, 2020 to Jul 14, 2020
    • Employees · 36 to 35
      Jun 25, 2020 to Jul 14, 2020
    • State-registered IARs · 19 to 18
      Jun 25, 2020 to Jul 14, 2020
    • Accounts · 2,392 to 2,864
      Aug 21, 2019 to Feb 18, 2020
    • Advisory employees · 18 to 24
      Aug 21, 2019 to Feb 18, 2020
    • Corporate clients · 1.0 to unset
      Aug 21, 2019 to Feb 18, 2020
    • HNW clients · 371 to 376
      Aug 21, 2019 to Feb 18, 2020
    • Individual clients · 176 to 154
      Aug 21, 2019 to Feb 18, 2020
    • Pension plan clients · 1.0 to unset
      Aug 21, 2019 to Feb 18, 2020
    • Assets in custody · $1.3B to $1.6B
      Aug 21, 2019 to Feb 18, 2020
    • Employees · 29 to 36
      Aug 21, 2019 to Feb 18, 2020
    • State-registered IARs · 18 to 19
      Aug 21, 2019 to Feb 18, 2020
    • Discretionary RAUM · $1.3B to $1.6B
      Aug 21, 2019 to Feb 18, 2020
    • HNW RAUM · $1.2B to $1.6B
      Aug 21, 2019 to Feb 18, 2020
    • Individual RAUM · $76.6M to $67.1M
      Aug 21, 2019 to Feb 18, 2020
    • Non-discretionary RAUM · $41.3M to $123M
      Aug 21, 2019 to Feb 18, 2020
    • Pension RAUM · $3.5M to $571
      Aug 21, 2019 to Feb 18, 2020
    • RAUM · $1.3B to $1.7B
      Aug 21, 2019 to Feb 18, 2020
    • Advisory employees · 16 to 18
      Jul 12, 2019 to Aug 21, 2019
    • State-registered IARs · 16 to 18
      Jul 12, 2019 to Aug 21, 2019
    • Accounts · 2,544 to 2,392
      Dec 17, 2018 to Mar 25, 2019
    • Corporate clients · unset to 1.0
      Dec 17, 2018 to Mar 25, 2019
    • HNW clients · 367 to 371
      Dec 17, 2018 to Mar 25, 2019
    • Individual clients · 143 to 176
      Dec 17, 2018 to Mar 25, 2019
    • Assets in custody · $1.4B to $1.3B
      Dec 17, 2018 to Mar 25, 2019
    • Discretionary RAUM · $1.3B to $1.3B
      Dec 17, 2018 to Mar 25, 2019
    • HNW RAUM · $1.4B to $1.2B
      Dec 17, 2018 to Mar 25, 2019
    • Individual RAUM · $58.0M to $76.6M
      Dec 17, 2018 to Mar 25, 2019
    • Non-discretionary RAUM · $101M to $41.3M
      Dec 17, 2018 to Mar 25, 2019
    • Pension RAUM · $3.6M to $3.5M
      Dec 17, 2018 to Mar 25, 2019
    • RAUM · $1.4B to $1.3B
      Dec 17, 2018 to Mar 25, 2019
    • Advisory employees · 15 to 16
      May 9, 2018 to Oct 3, 2018
    • State-registered IARs · 15 to 16
      May 9, 2018 to Oct 3, 2018
    • Accounts · 2,265 to 2,544
      Sep 28, 2017 to Feb 21, 2018
    • HNW clients · unset to 367.0
      Sep 28, 2017 to Feb 21, 2018
    • Individual clients · unset to 143.0
      Sep 28, 2017 to Feb 21, 2018
    • Pension plan clients · unset to 1.0
      Sep 28, 2017 to Feb 21, 2018
    Signals
    3 dated events
    • Truewealth Management reported RAUM $1.7B, up 28% from $1.3B (2019-08-21 to 2020-02-18)
      Feb 18, 2020 · RAUM change · derived
    • Lewis Michael Maiorano (Managing Member) no longer on Schedule A of Truewealth Management (listed 2019-03-25, absent 2019-04-12)
      Apr 12, 2019 · Control person left · inference
    • Christopher Todd Skelton (Chief Operating Officer) no longer on Schedule A of Truewealth Management (listed 2018-12-17, absent 2019-03-25)
      Mar 25, 2019 · Control person left · inference
    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