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
Azzad Asset Management, Inc.
Latest filing Jan 30, 2026
First filing on the tape Mar 23, 2012 · 21 filings
SEC status approved since Aug 21, 2000
RAUM
$1.8B
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
67%
$1.2B individuals and HNW
Advisors
11
registered through the firm on IAPD
RAUM per advisor
$167M
derived; firm RAUM over IAPD count
Employees
18
12 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$1.8B as of Jan 30, 2026
Mar 23, 2012$171M then
HNW client RAUM$1.1B as of Jan 30, 2026
Mar 21, 2018$329M then
State-registered IARs (5.B.3)6 as of Jan 30, 2026
Feb 13, 20138 then
Employees (5.A)18 as of Jan 30, 2026
Feb 13, 201314 then
Private funds: no history
RAUM +14% over the last fiscal year+14% a year over threeIARs 7 to 6
Practice profile
derived from the filing of Jan 30, 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
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $167MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 136derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.3MderivedHNW RAUM over HNW clients
- Average account
- $101,514derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 99%derivedof RAUM
- Institutional
- 4.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.6derivedItem 5.A over advisors
- Advisors per office
- 11.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- -14%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +1.8%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, selection of other advisersreportedItem 5.G
- Wrap fee program
- $175MreportedItem 5.I
- 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$1.1B62%
- Investment companies$498M27%
- Individuals$104M5.7%
- Charitable organizations$81.8M4.5%
- Corporations and businesses$10.3M0.6%
- Other investment advisers$8.3M0.5%
- Individual clients
- 996reported
- HNW clients
- 498reported
- Pension plan clients
- n/areported
- Charitable clients
- 44reported
- Accounts
- 18,098reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.67 fund_share=0.28 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
11 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Bashar Mohammad Qasem | Falls Church, Va | Mar 31, 2004 | 28 y | 0 |
| Ayman Salim Khalil | Falls Church, Va | Sep 26, 2011 | 25 y | 0 |
| Fatima Khalid IqbalCertified Financial Planner | Falls Church, Va | Sep 20, 2013 | 18 y | 0 |
| Ehab Alalfey | Falls Church, Va | Jan 12, 2016 | 18 y | 2 |
| Ibtasam MahmoodCertified Financial Planner | Falls Church, Va | Jan 24, 2019 | 20 y | 5 |
| Joshua A Brockwell | Falls Church, Va | Oct 17, 2019 | 13 y | 0 |
| Deborah Lynn KleinCertified Financial Planner | Falls Church, Va | Jun 26, 2020 | 37 y | 0 |
| Reem HusseinCertified Financial Planner | Falls Church, Va | Jun 15, 2021 | 11 y | 1 |
| Atta Mohammad Khan | Falls Church, Va | Jul 27, 2023 | 11 y | 0 |
| Tameem Bashar Qasem | Falls Church, Va | Jan 15, 2025 | 11 y | 0 |
| Samer EshmawyCertified Financial Planner | Falls Church, Va | Dec 16, 2025 | 12 y | 1 |
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
- Zubair Ahmad Khan to Glass Jacobson Wealth AdvisorsNov 30, 2022 · RIA to RIA
- Shana R Ice to MML Investors Services, LLCFeb 25, 2019 · RIA to affiliated broker-dealer or bank
- Omar Ahmed Ezz to Blue Chip Partners, LLCNov 14, 2016 · Other
- Ishaq Khader Mohiuddin to Virji Investments, Inc.Sep 14, 2010 · Other
- Amr Mohammed Anwar Alian to Investology Inc.Nov 21, 2005 · Other
- Ameen Mohammad Estaiteyeh to Investology Inc.Nov 3, 2003 · Other
Joined, latest
- Samer Eshmawy from Modera Wealth Management, LLCDec 16, 2025 · RIA to RIA
- Reem Hussein from Pruco Securities, LLCJun 15, 2021 · Affiliated broker-dealer or bank to independent RIA
- Zubair Ahmad Khan from LPL Financial LLCNov 13, 2019 · RIA to RIA
- Ibtasam Mahmood from Amj Financial Wealth Management LLCJan 24, 2019 · RIA to RIA
- Shana R Ice from Morgan StanleyOct 13, 2017 · Other
- Ehab Alalfey from Raymond James Financial Services Advisors, IncJan 12, 2016 · Other
- Omar Ahmed Ezz from New England Securities CorporationSep 13, 2012 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Mahmoud Jamal Elbarmil · Vice President And Shareholdercontrolsince 04/2000 · owns 10% to 25%
- Mohammad Bashar Qasem · President, Ceo And Shareholdercontrolsince 08/2000 · owns 25% to 50%
- Manal Fouz · Shareholdersince 03/2007 · owns 10% to 25%
- Latrice Lejeana Love · Chief Compliance Officersince 01/2026 · 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 |
|---|---|---|---|---|---|
| Falls Church, Va · principal | 11 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- account count surgeChange between filings · filing Jan 30, 2026accounts (Item 5.F.2.f) moved from 1,515.0 to 18,098.0 (+1095.0%) between the annual amendments of 2025-03-10 and 2026-01-30; the peer median change was +6.0% (1206 comparable advisers, 100.0th percentile of changes)peers: independent wealth managers, $1B to $5B (1,206) · 100% percentile
What changed
consecutive filings, newest first
- Accounts · 1,515 to 18,098Mar 10, 2025 to Jan 30, 2026
- Advisory employees · 8 to 12Mar 10, 2025 to Jan 30, 2026
- HNW clients · 482 to 498Mar 10, 2025 to Jan 30, 2026
- Individual clients · 985 to 996Mar 10, 2025 to Jan 30, 2026
- Employees · 15 to 18Mar 10, 2025 to Jan 30, 2026
- State-registered IARs · 7 to 6Mar 10, 2025 to Jan 30, 2026
- Discretionary RAUM · $1.6B to $1.8BMar 10, 2025 to Jan 30, 2026
- HNW RAUM · $991M to $1.1BMar 10, 2025 to Jan 30, 2026
- Individual RAUM · $90.9M to $104MMar 10, 2025 to Jan 30, 2026
- Non-discretionary RAUM · $8.1M to $18.1MMar 10, 2025 to Jan 30, 2026
- RAUM · $1.6B to $1.8BMar 10, 2025 to Jan 30, 2026
- Accounts · 1,560 to 1,515Oct 24, 2024 to Mar 10, 2025
- HNW clients · 430 to 482Oct 24, 2024 to Mar 10, 2025
- Individual clients · 998 to 985Oct 24, 2024 to Mar 10, 2025
- Pension plan clients · 58.0 to unsetOct 24, 2024 to Mar 10, 2025
- Financial planning clients · 251-500 to 251-500Oct 24, 2024 to Mar 10, 2025
- Discretionary RAUM · $1.5B to $1.6BOct 24, 2024 to Mar 10, 2025
- HNW RAUM · $820M to $991MOct 24, 2024 to Mar 10, 2025
- Individual RAUM · $94.9M to $90.9MOct 24, 2024 to Mar 10, 2025
- Non-discretionary RAUM · $7.9M to $8.1MOct 24, 2024 to Mar 10, 2025
- Pension RAUM · 85464317.0 to unsetOct 24, 2024 to Mar 10, 2025
- RAUM · $1.5B to $1.6BOct 24, 2024 to Mar 10, 2025
- Accounts · 1,530 to 1,560Jul 17, 2023 to Mar 27, 2024
- Charity clients · 39 to 44Jul 17, 2023 to Mar 27, 2024
- HNW clients · 412 to 430Jul 17, 2023 to Mar 27, 2024
- Individual clients · 994 to 998Jul 17, 2023 to Mar 27, 2024
- Pension plan clients · 72 to 58Jul 17, 2023 to Mar 27, 2024
- Financial planning clients · 101-250 to 251-500Jul 17, 2023 to Mar 27, 2024
- State-registered IARs · 6 to 7Jul 17, 2023 to Mar 27, 2024
- Discretionary RAUM · $1.2B to $1.5BJul 17, 2023 to Mar 27, 2024
- HNW RAUM · $653M to $820MJul 17, 2023 to Mar 27, 2024
- Individual RAUM · $90.5M to $94.9MJul 17, 2023 to Mar 27, 2024
- Non-discretionary RAUM · $6.1M to $7.9MJul 17, 2023 to Mar 27, 2024
- Pension RAUM · $68.3M to $85.5MJul 17, 2023 to Mar 27, 2024
- RAUM · $1.2B to $1.5BJul 17, 2023 to Mar 27, 2024
- Accounts · 1,343 to 1,530Mar 23, 2022 to Feb 21, 2023
- Advisory employees · 9 to 8Mar 23, 2022 to Feb 21, 2023
- Charity clients · 38 to 39Mar 23, 2022 to Feb 21, 2023
- Corporate clients · unset to 1.0Mar 23, 2022 to Feb 21, 2023
- HNW clients · 354 to 412Mar 23, 2022 to Feb 21, 2023
Signals
3 dated events
- Zubair Ahmad Khan left Azzad Asset Management, Inc. for Glass Jacobson Wealth Advisors (registered 2022-12-08)Nov 30, 2022 · Advisor changed firm · fact
- Azzad Asset Management, Inc. reported RAUM $1.1B, up 31% from $812.5M (2020-11-06 to 2021-03-17)Mar 17, 2021 · RAUM change · derived
- Azzad Asset Management, Inc. reported RAUM $812.5M, up 34% from $607.5M (2019-03-25 to 2020-03-23)Mar 23, 2020 · 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
- 888-862-9923reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/AZZAD-ASSET-MANAGEMENTreportedpublic record, Form ADV, Sep 17, 2026
- Website
- AZZADFUNDS.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 703-207-7005reportedpublic record, Form ADV, Jan 30, 2026
- Contact form
- azzadasset.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- azzadasset.com/meet-our-teamreportedpublished by the firm, firm site, Sep 15, 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
- $167Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026