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

Madison Wealth Management

Former SEC-registered adviserCincinnati, OhioCRD 111728SEC 801-60390IAPD
Legal name Madison Financial Advisors, Ltd
Latest filing Oct 30, 2023
First filing on the tape Apr 2, 2012 · 43 filings
RAUM
$1.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
90%
$1.0B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
29
12 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$1.1B as of Mar 28, 2023
Apr 2, 2012$310M then
HNW client RAUM$949M as of Mar 28, 2023
Mar 29, 2018$448M then
State-registered IARs (5.B.3)12 as of Mar 28, 2023
Apr 2, 20120 then
Employees (5.A)29 as of Mar 28, 2023
Mar 28, 201311 then
Private funds: no history
RAUM -13% over the last fiscal year+7.8% a year over threeIARs 12 to 12
Practice profile
derived from the filing of Oct 30, 2023; every figure names its basis
RAUM per advisor
$93.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
44derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.0MderivedHNW RAUM over HNW clients
Average account
$450,445derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
5.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.4derivedItem 5.A over advisors
Advisors per office
4.0derived3 offices incl. principal (1.F.5)
RAUM growth, one year
-13%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+7.1%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisers, educational seminarsreportedItem 5.G
Financial planning clients
576reportedItem 5.H
Custody
$462M, 285 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$949M86%
  • Individuals$68.1M6.2%
  • Charitable organizations$57.0M5.2%
  • Corporations and businesses$22.4M2.0%
  • Pension and profit-sharing plans$7.4M0.7%
Individual clients
210reported
HNW clients
316reported
Pension plan clients
5reported
Charitable clients
29reported
Accounts
2,495reported
Financial planning clients
576reported
Wrap fee programs
noreported
Custody of client assets
$462M for 285 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
  • Humphrey Sally Dempsey · Member And Director Of Operationscontrol
    since 01/2019 · owns 5% to 10%
  • Clifford Joseph Hack · Membercontrol
    since 12/2009 · owns 5% to 10%
  • Richard Alan Henning · Managercontrol
    since 01/2005 · owns 10% to 25%
  • Reid Edward Kuresman · Manager And Chief Investment Officercontrol
    since 12/2009 · owns 10% to 25%
  • Robert James Mcdermott · Managercontrol
    since 08/2000 · owns 25% to 50%
  • Andrew Bradley Meeks · Membercontrol
    since 01/2020 · owns less than 5%
  • Sean Kevin Woodard · Chief Compliance Officer
    since 03/2015 · 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
OfficeAdvisorsJoinedLeftTeams outForming
Cincinnati, Oh · principal000
Leesburg, Va000
Offices
Schedule D 1.F, the 25 largest
  • Leesburg, VA3 employees
  • Bethesda, MD1 employees
What changed
consecutive filings, newest first
  • Accounts · 2,336 to 2,495
    Jan 5, 2023 to Mar 28, 2023
  • Corporate clients · 8 to 12
    Jan 5, 2023 to Mar 28, 2023
  • HNW clients · 298 to 316
    Jan 5, 2023 to Mar 28, 2023
  • Individual clients · 193 to 210
    Jan 5, 2023 to Mar 28, 2023
  • Assets in custody · $529M to $462M
    Jan 5, 2023 to Mar 28, 2023
  • Financial planning clients · 251-500 to More than 500
    Jan 5, 2023 to Mar 28, 2023
  • Discretionary RAUM · $1.3B to $1.1B
    Jan 5, 2023 to Mar 28, 2023
  • HNW RAUM · $1.1B to $949M
    Jan 5, 2023 to Mar 28, 2023
  • Individual RAUM · $74.9M to $68.1M
    Jan 5, 2023 to Mar 28, 2023
  • Pension RAUM · $8.1M to $7.4M
    Jan 5, 2023 to Mar 28, 2023
  • RAUM · $1.3B to $1.1B
    Jan 5, 2023 to Mar 28, 2023
  • Accounts · 2,153 to 2,336
    Mar 9, 2022 to Mar 31, 2022
  • Advisory employees · 14 to 12
    Mar 9, 2022 to Mar 31, 2022
  • Charity clients · 26 to 29
    Mar 9, 2022 to Mar 31, 2022
  • HNW clients · 266 to 298
    Mar 9, 2022 to Mar 31, 2022
  • Individual clients · 181 to 193
    Mar 9, 2022 to Mar 31, 2022
  • Assets in custody · $313M to $529M
    Mar 9, 2022 to Mar 31, 2022
  • Employees · 27 to 29
    Mar 9, 2022 to Mar 31, 2022
  • State-registered IARs · 14 to 12
    Mar 9, 2022 to Mar 31, 2022
  • Discretionary RAUM · $1.0B to $1.3B
    Mar 9, 2022 to Mar 31, 2022
  • HNW RAUM · $864M to $1.1B
    Mar 9, 2022 to Mar 31, 2022
  • Individual RAUM · $71.6M to $74.9M
    Mar 9, 2022 to Mar 31, 2022
  • Pension RAUM · $19.8M to $8.1M
    Mar 9, 2022 to Mar 31, 2022
  • RAUM · $1.0B to $1.3B
    Mar 9, 2022 to Mar 31, 2022
  • Accounts · 1,948 to 2,153
    Jun 29, 2020 to Mar 30, 2021
  • Advisory employees · 13 to 14
    Jun 29, 2020 to Mar 30, 2021
  • Charity clients · 21 to 26
    Jun 29, 2020 to Mar 30, 2021
  • Corporate clients · 6 to 8
    Jun 29, 2020 to Mar 30, 2021
  • HNW clients · 246 to 266
    Jun 29, 2020 to Mar 30, 2021
  • Individual clients · 199 to 181
    Jun 29, 2020 to Mar 30, 2021
  • Assets in custody · $22.3M to $313M
    Jun 29, 2020 to Mar 30, 2021
  • Employees · 24 to 27
    Jun 29, 2020 to Mar 30, 2021
  • State-registered IARs · 13 to 14
    Jun 29, 2020 to Mar 30, 2021
  • Discretionary RAUM · $898M to $1.0B
    Jun 29, 2020 to Mar 30, 2021
  • HNW RAUM · $747M to $864M
    Jun 29, 2020 to Mar 30, 2021
  • Individual RAUM · $81.4M to $71.6M
    Jun 29, 2020 to Mar 30, 2021
  • Pension RAUM · $12.9M to $19.8M
    Jun 29, 2020 to Mar 30, 2021
  • RAUM · $898M to $1.0B
    Jun 29, 2020 to Mar 30, 2021
  • Accounts · 1,866 to 1,948
    Sep 10, 2019 to Mar 30, 2020
  • Advisory employees · 12 to 13
    Sep 10, 2019 to Mar 30, 2020
Signals
18 dated events
  • Heather Mcmichael Molloy left Madison Wealth Management for Mai Capital Management, Llc (registered 2024-02-12)
    Jan 29, 2024 · Advisor changed firm · fact
  • Jeanne-Marie Sands left Madison Wealth Management for Mai Capital Management, Llc (registered 2024-02-19)
    Jan 29, 2024 · Advisor changed firm · fact
  • Sally Humphrey Dempsey left Madison Wealth Management for Mai Capital Management, Llc (registered 2024-02-21)
    Jan 29, 2024 · Advisor changed firm · fact
  • James Robert Mcdermott left Madison Wealth Management for Mai Capital Management, Llc (registered 2024-01-26)
    Jan 29, 2024 · Advisor changed firm · fact
  • Joshua Adam Handel left Madison Wealth Management for Mai Capital Management, Llc (registered 2024-02-21)
    Jan 29, 2024 · Advisor changed firm · fact
  • David Michael Niehaus left Madison Wealth Management for Mai Capital Management, Llc (registered 2024-01-24)
    Jan 29, 2024 · Advisor changed firm · fact
  • Michael Robert Reed left Madison Wealth Management for Mai Capital Management, Llc (registered 2024-03-06)
    Jan 29, 2024 · Advisor changed firm · fact
  • Joseph Clifford Hack left Madison Wealth Management for Mai Capital Management, Llc (registered 2024-02-21)
    Jan 29, 2024 · Advisor changed firm · fact
  • Andrew B Bruns left Madison Wealth Management for Mai Capital Management, Llc (registered 2024-01-25)
    Jan 29, 2024 · Advisor changed firm · fact
  • Alan Richard Henning left Madison Wealth Management for Mai Capital Management, Llc (registered 2024-02-20)
    Jan 29, 2024 · Advisor changed firm · fact
  • Bradley Andrew Meeks left Madison Wealth Management for Mai Capital Management, Llc (registered 2024-01-24)
    Jan 29, 2024 · Advisor changed firm · fact
  • Edward Reid Kuresman left Madison Wealth Management for Mai Capital Management, Llc (registered 2024-02-21)
    Jan 29, 2024 · Advisor changed firm · fact
  • 3 advisors left Madison Wealth Management (Leesburg, VA) for Mai Capital Management, LLC on the same day
    Jan 29, 2024 · Team lift-out · derived
  • Madison Wealth Management's advisors moved to Mai Capital Management, LLC (Cincinnati, OH): 9 of 12 registered, on the same day
    Jan 29, 2024 · Firm absorbed (people side) · derived
  • Eric Scott Ross left Madison Wealth Management for F2 Wealth (registered 2022-10-26)
    Sep 15, 2022 · Advisor changed firm · fact
  • Brian Daniel Torbeck left Madison Wealth Management for Ubs Financial Services Inc. (registered 2022-09-06)
    Jun 1, 2022 · Advisor changed firm · fact
  • Brad Meeks (Member) appeared on Schedule A of Madison Wealth Management
    Mar 30, 2020 · Control person joined · fact
  • Madison Wealth Management reported RAUM $791.9M, up 47% from $537.8M (2019-02-04 to 2019-03-29)
    Mar 29, 2019 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
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