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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

SEC-registered adviser

A•••••••• W••••• C••••••••• L••

Independent wealth managerState College, PennsylvaniaCRD 111740SEC 801-60373websiteIAPD
Latest filing Feb 23, 2026
First filing on the tape Feb 3, 2012 · 45 filings
SEC status approved since Jun 25, 2001
RAUM
$1.6B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
70%
$1.1B individuals and HNW
Advisors
12
registered through the firm on IAPD
RAUM per advisor
$130M
derived; firm RAUM over IAPD count
Employees
30
12 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
45 filings and snapshots on the tape
RAUM$1.6B as of Feb 23, 2026
Feb 3, 2012$338M then
HNW client RAUM$1.0B as of Feb 23, 2026
Mar 29, 2018$393M then
State-registered IARs (5.B.3)10 as of Feb 23, 2026
Feb 3, 20120 then
Employees (5.A)30 as of Feb 23, 2026
Mar 28, 201313 then
Private funds2 as of Feb 23, 2026
Mar 30, 20211 then
RAUM +20% over the last fiscal year+14% a year over threeIARs 9 to 10
Practice profile
derived from the filing of Feb 23, 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
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
  • RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
RAUM per advisor
$130MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
37derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.9MderivedHNW RAUM over HNW clients
Average account
$914,105derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
19%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.5derivedItem 5.A over advisors
Advisors per office
12.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
+11%derivedItem 5.B.3 between annual amendments
Client growth, one year
+5.0%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for pooled vehicles, pension consultingreportedItem 5.G
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
  • is an insurance broker or agent (6.A.6)
  • 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.0B66%
  • Pension and profit-sharing plans$297M19%
  • Corporations and businesses$90.6M5.8%
  • Pooled investment vehicles$77.6M5.0%
  • Individuals$71.9M4.6%
Individual clients
230reported
HNW clients
209reported
Pension plan clients
57reported
Charitable clients
n/areported
Accounts
1,711reported
Financial planning clients
26-50reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.7 fund_share=0.05 institutional_share=0.19 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
12 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
R•••••• F•••• D••••••State College, PaSep 18, 200124 y0
J•••• L•• F•••••State College, PaMar 15, 201220 y0
J••• J•••• S•••••••State College, PaNov 12, 201413 y0
M••••• A•••••• W••••Chartered Financial AnalystLemont, Pa Jun 24, 201924 y2
G••••••• P•••••• C••••State College, Pa Jul 17, 201933 y2
A•• L••••• M•••••••State College, PaNov 22, 201910 y0
A•••• R• K••••••Certified Financial PlannerState College, PaAug 24, 202010 y2
D•••• W••• V•••••Chartered Financial AnalystLemont, Pa Mar 29, 202117 y1
S••• W•••••State College, PaJul 7, 202112 y0
T•••• S••• C•••State College, PaJun 19, 202414 y0
M•••••• M••••••State College, PaDec 3, 202513 y0
A•••• M•••••• H•••State College, PaFeb 11, 202611 y0
Advisor movement
0 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • G•••••••• L•••••• G••• · Chief Compliance Officercontrol
    since 09/2019 · owns less than 5%
  • O•••••• R••• · Chief Compliance Officer
    since 03/2025 · owns less than 5%
  • D••••••• B••••• J••••• · Trustee
    since 12/2021 · owns F of R•••••• D•••••• I••••••••• T••••
Entity owners
  • R•••••• D•••••• I••••••••• T•••• · Member
    direct · owns 75% or more
Related persons
Schedule D 7.A
  • A•••••••• E••••• P•••••••• L••
    y
  • A•••••••• R••• M••••••••• L••
    real estaten
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
State College, Pa · principal1220
Newtown, Pa000
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Feb 23, 2026
    G•••••••• L•••••• G••• (CHIEF COMPLIANCE OFFICER) left Schedule A between the filings of 2022-03-14 and 2026-02-23
    peers: independent wealth managers, $1B to $5B (1,362)
  • custody status changedChange between filings · filing Feb 23, 2026
    custody of client assets (Item 9.A): yes on the filing of 2025-06-27, no on the filing of 2026-02-23
    peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
  • Accounts · 1,725 to 1,711
    Jun 27, 2025 to Feb 23, 2026
  • Advisory employees · 11 to 12
    Jun 27, 2025 to Feb 23, 2026
  • Corporate clients · 10 to 13
    Jun 27, 2025 to Feb 23, 2026
  • HNW clients · 195 to 209
    Jun 27, 2025 to Feb 23, 2026
  • Individual clients · 223 to 230
    Jun 27, 2025 to Feb 23, 2026
  • Pension plan clients · 43 to 57
    Jun 27, 2025 to Feb 23, 2026
  • Assets in custody · $75.9M to $77.6M
    Jun 27, 2025 to Feb 23, 2026
  • Custody of client assets · true to false
    Jun 27, 2025 to Feb 23, 2026
  • Employees · 26 to 30
    Jun 27, 2025 to Feb 23, 2026
  • State-registered IARs · 9 to 10
    Jun 27, 2025 to Feb 23, 2026
  • Discretionary RAUM · $1.3B to $1.6B
    Jun 27, 2025 to Feb 23, 2026
  • HNW RAUM · $780M to $1.0B
    Jun 27, 2025 to Feb 23, 2026
  • Individual RAUM · $128M to $71.9M
    Jun 27, 2025 to Feb 23, 2026
  • Pension RAUM · $242M to $297M
    Jun 27, 2025 to Feb 23, 2026
  • Pooled vehicle RAUM · $75.9M to $77.6M
    Jun 27, 2025 to Feb 23, 2026
  • RAUM · $1.3B to $1.6B
    Jun 27, 2025 to Feb 23, 2026
  • Financial planning clients · 26-50 to 26-50
    Mar 12, 2025 to Jun 27, 2025
  • Accounts · 1,638 to 1,725
    Apr 19, 2024 to Mar 4, 2025
  • Advisory employees · 10 to 11
    Apr 19, 2024 to Mar 4, 2025
  • Corporate clients · 2 to 10
    Apr 19, 2024 to Mar 4, 2025
  • HNW clients · 185 to 195
    Apr 19, 2024 to Mar 4, 2025
  • Individual clients · 222 to 223
    Apr 19, 2024 to Mar 4, 2025
  • Pension plan clients · 45 to 43
    Apr 19, 2024 to Mar 4, 2025
  • Assets in custody · $559M to $75.9M
    Apr 19, 2024 to Mar 4, 2025
  • Discretionary RAUM · $1.2B to $1.3B
    Apr 19, 2024 to Mar 4, 2025
  • HNW RAUM · $710M to $780M
    Apr 19, 2024 to Mar 4, 2025
  • Individual RAUM · $74.8M to $128M
    Apr 19, 2024 to Mar 4, 2025
  • Pension RAUM · $241M to $242M
    Apr 19, 2024 to Mar 4, 2025
  • Pooled vehicle RAUM · $73.2M to $75.9M
    Apr 19, 2024 to Mar 4, 2025
  • RAUM · $1.2B to $1.3B
    Apr 19, 2024 to Mar 4, 2025
  • Accounts · 1,476 to 1,638
    Jul 17, 2023 to Mar 6, 2024
  • Advisory employees · 9 to 10
    Jul 17, 2023 to Mar 6, 2024
  • Corporate clients · 4 to 2
    Jul 17, 2023 to Mar 6, 2024
  • HNW clients · 171 to 185
    Jul 17, 2023 to Mar 6, 2024
  • Individual clients · 231 to 222
    Jul 17, 2023 to Mar 6, 2024
  • Pension plan clients · 58 to 45
    Jul 17, 2023 to Mar 6, 2024
  • Assets in custody · $477M to $559M
    Jul 17, 2023 to Mar 6, 2024
  • Discretionary RAUM · $1.1B to $1.2B
    Jul 17, 2023 to Mar 6, 2024
  • HNW RAUM · $662M to $710M
    Jul 17, 2023 to Mar 6, 2024
  • Individual RAUM · $51.1M to $74.8M
    Jul 17, 2023 to Mar 6, 2024
Signals
8 dated events
  • L••••• G••• G••••••• left A•••••••• W••••• C••••••••• L•• for I••••••• A••••••• (registered 2025-10-30)
    Mar 4, 2025 · Advisor changed firm · fact
  • Lee Jamie Felker (Chief Executive Officer) no longer on Schedule A of A•••••••• W••••• C••••••••• L•• (listed 2022-03-14, absent 2023-03-16)
    Mar 16, 2023 · Control person left · inference
  • Lynn Cheryl Bartram (Chief Operating Officer) no longer on Schedule A of A•••••••• W••••• C••••••••• L•• (listed 2022-03-14, absent 2023-03-16)
    Mar 16, 2023 · Control person left · inference
  • Frank Richard Defluri (Managing Member/Chief Investment Officer) no longer on Schedule A of A•••••••• W••••• C••••••••• L•• (listed 2021-11-17, absent 2022-02-28)
    Feb 28, 2022 · Control person left · inference
  • A•••••••• W••••• C••••••••• L•• reported RAUM $936.1M, up 28% from $729.3M (2020-11-04 to 2021-03-30)
    Mar 30, 2021 · RAUM change · derived
  • G••• L••••• G••••••• (Chief Compliance Officer) appeared on Schedule A of A•••••••• W••••• C••••••••• L••
    Oct 1, 2019 · Control person joined · fact
  • James John Schaffer (Chief Compliance Officer) no longer on Schedule A of A•••••••• W••••• C••••••••• L•• (listed 2019-09-11, absent 2019-10-01)
    Oct 1, 2019 · Control person left · inference
  • Patrick Geoffrey Caber (Chief Investment Officer) no longer on Schedule A of A•••••••• W••••• C••••••••• L•• (listed 2018-04-23, absent 2019-03-19)
    Mar 19, 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.
How to reach
public business contact points only, each with its source
Business phone
800-253-3760reportedpublished by the firm, firm site, Sep 17, 2026
Website
H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
814.861.3810reportedpublic record, Form ADV, Feb 23, 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
$130Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026