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

Sfg Investment Advisors, Inc.

Former SEC-registered adviserDoylestown, PennsylvaniaCRD 111241SEC 801-79813IAPD
Latest filing Mar 10, 2022
First filing on the tape Feb 23, 2012 · 16 filings
RAUM
$328M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$328M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$328M as of Mar 10, 2022
Feb 23, 2012$80.8M then
HNW client RAUM$316M as of Mar 10, 2022
Mar 19, 2018$189M then
State-registered IARs (5.B.3)3 as of Mar 10, 2022
Feb 23, 20120 then
Employees (5.A)6 as of Mar 10, 2022
Mar 19, 20155 then
Private funds: no history
RAUM -0.5% over the last fiscal year+16% a year over threeIARs 4 to 3
Practice profile
derived from the filing of Mar 10, 2022; every figure names its basis
RAUM per advisor
$109MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
35derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.2MderivedHNW RAUM over HNW clients
Average account
$512,772derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%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
-0.5%derivedbetween the last two annual amendments
Advisor growth, one year
-25%derivedItem 5.B.3 between annual amendments
Client growth, one year
-3.7%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisers, otherreportedItem 5.G
Custody
$137M, 100 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
  • 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$316M96%
  • Individuals$11.7M3.6%
Individual clients
29reported
HNW clients
76reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
640reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$137M for 100 clientsreported
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
Joined, 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
    • Fox Charles Steege · President, Director, Chief Compliance Officercontrol
      since 12/1996 · owns 75% or more
    • Paul Matthew Witter · Senior Vice Presidentcontrol
      since 01/2019 · owns 10% to 25%
    • Mathers Susan Steege · Secretary/Treasurer/Director
      since 12/1996 · owns less than 5%
    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
    • Accounts · 630 to 640
      Sep 13, 2021 to Mar 10, 2022
    • Advisory employees · 4 to 3
      Sep 13, 2021 to Mar 10, 2022
    • HNW clients · 75 to 76
      Sep 13, 2021 to Mar 10, 2022
    • Individual clients · 34 to 29
      Sep 13, 2021 to Mar 10, 2022
    • Assets in custody · $107M to $137M
      Sep 13, 2021 to Mar 10, 2022
    • Employees · 8 to 6
      Sep 13, 2021 to Mar 10, 2022
    • State-registered IARs · 4 to 3
      Sep 13, 2021 to Mar 10, 2022
    • Discretionary RAUM · $330M to $328M
      Sep 13, 2021 to Mar 10, 2022
    • HNW RAUM · $317M to $316M
      Sep 13, 2021 to Mar 10, 2022
    • Individual RAUM · $13.2M to $11.7M
      Sep 13, 2021 to Mar 10, 2022
    • RAUM · $330M to $328M
      Sep 13, 2021 to Mar 10, 2022
    • Accounts · 586 to 630
      May 20, 2020 to Feb 25, 2021
    • HNW clients · 68 to 75
      May 20, 2020 to Feb 25, 2021
    • Individual clients · 39 to 34
      May 20, 2020 to Feb 25, 2021
    • Pension plan clients · 1.0 to unset
      May 20, 2020 to Feb 25, 2021
    • Assets in custody · $28.4M to $107M
      May 20, 2020 to Feb 25, 2021
    • Employees · 7 to 8
      May 20, 2020 to Feb 25, 2021
    • Discretionary RAUM · $263M to $330M
      May 20, 2020 to Feb 25, 2021
    • HNW RAUM · $248M to $317M
      May 20, 2020 to Feb 25, 2021
    • Individual RAUM · $15.2M to $13.2M
      May 20, 2020 to Feb 25, 2021
    • Non-discretionary RAUM · $480,571 to $0
      May 20, 2020 to Feb 25, 2021
    • Pension RAUM · 480571.0 to unset
      May 20, 2020 to Feb 25, 2021
    • RAUM · $264M to $330M
      May 20, 2020 to Feb 25, 2021
    • Accounts · 563 to 586
      Mar 13, 2019 to Jan 27, 2020
    • Advisory employees · 3 to 4
      Mar 13, 2019 to Jan 27, 2020
    • HNW clients · 59 to 68
      Mar 13, 2019 to Jan 27, 2020
    • Individual clients · 46 to 39
      Mar 13, 2019 to Jan 27, 2020
    • Pension plan clients · unset to 1.0
      Mar 13, 2019 to Jan 27, 2020
    • Assets in custody · $76.3M to $28.4M
      Mar 13, 2019 to Jan 27, 2020
    • State-registered IARs · 3 to 4
      Mar 13, 2019 to Jan 27, 2020
    • Discretionary RAUM · $212M to $263M
      Mar 13, 2019 to Jan 27, 2020
    • HNW RAUM · $193M to $248M
      Mar 13, 2019 to Jan 27, 2020
    • Individual RAUM · $18.9M to $15.2M
      Mar 13, 2019 to Jan 27, 2020
    • Non-discretionary RAUM · $0 to $480,571
      Mar 13, 2019 to Jan 27, 2020
    • Pension RAUM · unset to 480571.0
      Mar 13, 2019 to Jan 27, 2020
    • RAUM · $212M to $264M
      Mar 13, 2019 to Jan 27, 2020
    • Accounts · 531 to 563
      Mar 19, 2018 to Mar 13, 2019
    • Advisory employees · 4 to 3
      Mar 19, 2018 to Mar 13, 2019
    • HNW clients · 55 to 59
      Mar 19, 2018 to Mar 13, 2019
    • Individual clients · 34 to 46
      Mar 19, 2018 to Mar 13, 2019
    Signals
    7 dated events
    • Matthew Paul Witter left Sfg Investment Advisors, Inc. for Savant Wealth Management (registered 2022-11-02)
      Dec 31, 2022 · Advisor changed firm · fact
    • John Hendricks left Sfg Investment Advisors, Inc. for Savant Wealth Management (registered 2022-11-02)
      Dec 31, 2022 · Advisor changed firm · fact
    • Charles Fox Steege left Sfg Investment Advisors, Inc. for Savant Wealth Management (registered 2022-11-02)
      Dec 31, 2022 · Advisor changed firm · fact
    • Sfg Investment Advisors, Inc.'s advisors moved to Savant Wealth Management (Doylestown, PA): 3 of 3 registered, on the same day
      Dec 31, 2022 · Firm absorbed (people side) · derived
    • Jay Kelly Groff (Shareholder/Vice President/Director/Chief Compliance Officer) no longer on Schedule A of Sfg Investment Advisors, Inc. (listed 2019-03-13, absent 2020-01-27)
      Jan 27, 2020 · Control person left · inference
    • Paul Matthew Witter (Senior Vice President) appeared on Schedule A of Sfg Investment Advisors, Inc.
      Mar 13, 2019 · Control person joined · fact
    • Sfg Investment Advisors, Inc. filed its initial SEC registration (Form ADV)
      May 20, 2014 · 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.
    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