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.

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SEC-registered adviser

A••••••••• P•••••• I•••••••• L••

Independent wealth managerWest Palm Beach, FloridaCRD 111545SEC 801-49946IAPD
Latest filing Mar 30, 2026
First filing on the tape Mar 30, 2012 · 20 filings
SEC status approved since Aug 21, 1995
RAUM
$534M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$534M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
5
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$534M as of Mar 30, 2026
Mar 30, 2012$887M then
HNW client RAUM$533M as of Mar 30, 2026
Mar 28, 2018$935M then
State-registered IARs (5.B.3)1 as of Mar 30, 2026
Mar 30, 20120 then
Employees (5.A)6 as of Mar 30, 2026
Mar 31, 20144 then
Private funds5 as of Mar 30, 2026
Mar 30, 20124 then
RAUM +9.8% over the last fiscal year+8.3% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
  • RIA with heavy alternatives · a wealth manager whose private fund gross assets are at least 25 percent of RAUM, or five or more private funds
  • ria with p•••••• funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
  • uhnw p•••••• wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
RAUM per advisor
$534MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
27derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$23.2MderivedHNW RAUM over HNW clients
Average account
$9.9MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
6.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+9.8%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-10%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
Ownership
controlled by a public reporting companyderived
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)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$533M100%
  • Individuals$871,3730.2%
Individual clients
4reported
HNW clients
23reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
54reported
Financial planning clients
11-25reported
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=0.0derived
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
none on the tape
    Joined, latest
    none on the tape
      Private funds
      5 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      A•• I••••••••• C••• V•••• F•••Other Private Fund$64.1M36Mar 30, 2012
      A•• V•••• G••••• F•••Other Private Fund$62.4M27Mar 30, 2012
      A•• D••••••• V•••• F•••Other Private Fund$40.4M26Mar 31, 2014
      A•• U• C••• V•••• F•••Other Private Fund$38.3M15Mar 30, 2012
      A•• E••••••• A•• G••••• M•••••• F•••Other Private Fund$13.5M27Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • M••••••• B••••• J••• · Presidentcontrol
        since 12/1994 · owns 50% to 75%
      • G•••• A•••••••• M••• · Chief Compliance Officer
        since 06/2005 · owns less than 5%
      • H•••••• K•••••••• J••• · Direct Investment Officer
        since 12/2014 · 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.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • unusually large average accountStatic outlier · filing Mar 30, 2026
        RAUM per account of $9,883,645 against a peer median of $610,947 (1443 comparable advisers, 99.0th percentile, 6.3 robust deviations)
        peers: independent wealth managers, $500M to $1B (1,443) · 99% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 62 to 54
        Mar 31, 2025 to Mar 30, 2026
      • HNW clients · 19 to 23
        Mar 31, 2025 to Mar 30, 2026
      • Individual clients · 11 to 4
        Mar 31, 2025 to Mar 30, 2026
      • Discretionary RAUM · $486M to $534M
        Mar 31, 2025 to Mar 30, 2026
      • HNW RAUM · $483M to $533M
        Mar 31, 2025 to Mar 30, 2026
      • Individual RAUM · $3.4M to $871,373
        Mar 31, 2025 to Mar 30, 2026
      • RAUM · $486M to $534M
        Mar 31, 2025 to Mar 30, 2026
      • Accounts · 67 to 62
        Mar 26, 2024 to Mar 31, 2025
      • HNW clients · 9 to 19
        Mar 26, 2024 to Mar 31, 2025
      • Individual clients · 24 to 11
        Mar 26, 2024 to Mar 31, 2025
      • Financial planning clients · 11-25 to 11-25
        Mar 26, 2024 to Mar 31, 2025
      • Discretionary RAUM · $443M to $486M
        Mar 26, 2024 to Mar 31, 2025
      • HNW RAUM · $415M to $483M
        Mar 26, 2024 to Mar 31, 2025
      • Individual RAUM · $31.0M to $3.4M
        Mar 26, 2024 to Mar 31, 2025
      • Non-discretionary RAUM · $2.8M to $0
        Mar 26, 2024 to Mar 31, 2025
      • RAUM · $446M to $486M
        Mar 26, 2024 to Mar 31, 2025
      • Accounts · 77 to 67
        Mar 31, 2023 to Mar 26, 2024
      • HNW clients · 10 to 9
        Mar 31, 2023 to Mar 26, 2024
      • Individual clients · 28 to 24
        Mar 31, 2023 to Mar 26, 2024
      • Discretionary RAUM · $409M to $443M
        Mar 31, 2023 to Mar 26, 2024
      • HNW RAUM · $347M to $415M
        Mar 31, 2023 to Mar 26, 2024
      • Individual RAUM · $73.2M to $31.0M
        Mar 31, 2023 to Mar 26, 2024
      • Non-discretionary RAUM · $11.3M to $2.8M
        Mar 31, 2023 to Mar 26, 2024
      • RAUM · $421M to $446M
        Mar 31, 2023 to Mar 26, 2024
      • Accounts · 91 to 77
        Mar 30, 2022 to Mar 31, 2023
      • HNW clients · 23 to 10
        Mar 30, 2022 to Mar 31, 2023
      • Employees · 5 to 6
        Mar 30, 2022 to Mar 31, 2023
      • Discretionary RAUM · $580M to $409M
        Mar 30, 2022 to Mar 31, 2023
      • HNW RAUM · $564M to $347M
        Mar 30, 2022 to Mar 31, 2023
      • Individual RAUM · $16.0M to $73.2M
        Mar 30, 2022 to Mar 31, 2023
      • Non-discretionary RAUM · $0 to $11.3M
        Mar 30, 2022 to Mar 31, 2023
      • RAUM · $580M to $421M
        Mar 30, 2022 to Mar 31, 2023
      • Accounts · 90 to 91
        May 19, 2021 to Mar 30, 2022
      • Discretionary RAUM · $497M to $580M
        May 19, 2021 to Mar 30, 2022
      • HNW RAUM · $494M to $564M
        May 19, 2021 to Mar 30, 2022
      • Individual RAUM · $15.4M to $16.0M
        May 19, 2021 to Mar 30, 2022
      • Non-discretionary RAUM · $12.2M to $0
        May 19, 2021 to Mar 30, 2022
      • RAUM · $509M to $580M
        May 19, 2021 to Mar 30, 2022
      • Accounts · 30 to 90
        Mar 27, 2020 to Mar 24, 2021
      • HNW clients · 14 to 23
        Mar 27, 2020 to Mar 24, 2021
      Signals
      2 dated events
      • A••••••••• P•••••• I•••••••• L•• reported RAUM $420.6M, down 28% from $580.4M (2022-03-30 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • A••••••••• P•••••• I•••••••• L•• reported RAUM $600.5M, down 37% from $955.6M (2018-03-28 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Principal office phone
      5613188710reportedpublic record, Form ADV, Mar 30, 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
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026