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
Pugh Capital Management, Inc.
Latest filing Mar 24, 2026
First filing on the tape Feb 6, 2012 · 32 filings
SEC status approved since Jun 27, 1991
RAUM
$13B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$3.2B
derived; firm RAUM over IAPD count
Employees
39
22 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$13B as of Mar 24, 2026
Feb 6, 2012$2.0B then
HNW client RAUM$0 as of Mar 24, 2026
Mar 26, 2018$0 then
State-registered IARs (5.B.3)4 as of Mar 24, 2026
Feb 6, 20120 then
Employees (5.A)39 as of Mar 24, 2026
Feb 6, 201311 then
Private funds1 as of Mar 24, 2026
Apr 14, 20251 then
RAUM -2.4% over the last fiscal year+8.9% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 24, 2026; every figure names its basis
Archetypes, each a printed rule
- Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
- RAUM per advisor
- $3.2BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $156MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 79%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 9.8derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -2.4%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $33.2M, 1 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- State and municipal entities$4.8B42%
- Pension and profit-sharing plans$2.5B22%
- Insurance companies$1.9B17%
- Charitable organizations$900M7.9%
- Corporations and businesses$697M6.1%
- Other investment advisers$307M2.7%
- Pooled investment vehicles$277M2.4%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 13reported
- Charitable clients
- 11reported
- Accounts
- 82reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $33.2M for 1 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.05 institutional_share=0.79 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Mary E. Pugh | Seattle, Wa | Jun 25, 1991 | 35 y | 0 |
| Christopher Naoto Kelley | Seattle, Wa | Mar 22, 2010 | 20 y | 0 |
| Darius Beni Cayetano | Seattle, Wa | Dec 20, 2012 | 14 y | 0 |
| Adrian Sean Johnson | Seattle, Wa | Jan 16, 2018 | 28 y | 2 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Ryder Campbell to Bricktown Capital, LLCDec 9, 2008 · Other
Joined, latest
- Adrian Sean Johnson from RBC Rochdale, LLCJan 16, 2018 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Dee Deanna Hobson · Executive Vice President, Marketing And Client Servicecontrolsince 09/2018 · owns 5% to 10%
- Henri Pascal Jean-David Larson · Chief Operating Officercontrolsince 02/2019 · owns 5% to 10%
- E. Mary Pugh · Ceo & Chief Investment Officercontrolsince 07/1991 · owns 25% to 50%
- Douglas Ryan Cook · Shareholdersince 04/2017 · owns 5% to 10%
- Yuyan Lou · Shareholdersince 04/2017 · owns 5% to 10%
- Marie Katherine Stephens · Chief Compliance Officersince 08/2016 · 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 |
|---|---|---|---|---|---|
| Seattle, Wa · principal | 4 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 86 to 82Sep 9, 2025 to Mar 24, 2026
- Corporate clients · unset to 3.0Sep 9, 2025 to Mar 24, 2026
- Pension plan clients · 14 to 13Sep 9, 2025 to Mar 24, 2026
- Assets in custody · $49.1M to $33.2MSep 9, 2025 to Mar 24, 2026
- Employees · 38 to 39Sep 9, 2025 to Mar 24, 2026
- Discretionary RAUM · $13B to $13BSep 9, 2025 to Mar 24, 2026
- Non-discretionary RAUM · $65.6M to $13.8MSep 9, 2025 to Mar 24, 2026
- Pension RAUM · $3.3B to $2.5BSep 9, 2025 to Mar 24, 2026
- Pooled vehicle RAUM · $353M to $277MSep 9, 2025 to Mar 24, 2026
- RAUM · $13B to $13BSep 9, 2025 to Mar 24, 2026
- Accounts · 64 to 86Jun 6, 2024 to Apr 14, 2025
- Advisory employees · 14 to 22Jun 6, 2024 to Apr 14, 2025
- Charity clients · 12 to 11Jun 6, 2024 to Apr 14, 2025
- Pooled vehicle clients · 1 to 2Jun 6, 2024 to Apr 14, 2025
- Assets in custody · unset to 49053207.0Jun 6, 2024 to Apr 14, 2025
- Custody of client assets · false to trueJun 6, 2024 to Apr 14, 2025
- Employees · 25 to 38Jun 6, 2024 to Apr 14, 2025
- Financial planning clients · unset to Jun 6, 2024 to Apr 14, 2025
- Private funds · unset to 1Jun 6, 2024 to Apr 14, 2025
- Discretionary RAUM · $11B to $13BJun 6, 2024 to Apr 14, 2025
- Non-discretionary RAUM · $0 to $65.6MJun 6, 2024 to Apr 14, 2025
- Pension RAUM · $3.6B to $3.3BJun 6, 2024 to Apr 14, 2025
- Pooled vehicle RAUM · $248M to $353MJun 6, 2024 to Apr 14, 2025
- RAUM · $11B to $13BJun 6, 2024 to Apr 14, 2025
- Advisory employees · 15 to 14Sep 28, 2023 to Mar 28, 2024
- Charity clients · 11 to 12Sep 28, 2023 to Mar 28, 2024
- Employees · 26 to 25Sep 28, 2023 to Mar 28, 2024
- Discretionary RAUM · $9.9B to $11BSep 28, 2023 to Mar 28, 2024
- Pension RAUM · $3.5B to $3.6BSep 28, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $189M to $248MSep 28, 2023 to Mar 28, 2024
- RAUM · $9.9B to $11BSep 28, 2023 to Mar 28, 2024
- Accounts · 62 to 64Mar 24, 2022 to Mar 27, 2023
- Pension plan clients · 12 to 14Mar 24, 2022 to Mar 27, 2023
- Employees · 27 to 26Mar 24, 2022 to Mar 27, 2023
- Discretionary RAUM · $12B to $9.9BMar 24, 2022 to Mar 27, 2023
- Pension RAUM · $3.2B to $3.5BMar 24, 2022 to Mar 27, 2023
- Pooled vehicle RAUM · $201M to $189MMar 24, 2022 to Mar 27, 2023
- RAUM · $12B to $9.9BMar 24, 2022 to Mar 27, 2023
- Accounts · 60 to 62Mar 26, 2021 to Mar 24, 2022
- Advisory employees · 13 to 15Mar 26, 2021 to Mar 24, 2022
Signals
3 dated events
- Nicole Marisa Grant (Chief Investment Officer) no longer on Schedule A of Pugh Capital Management, Inc. (listed 2024-03-28, absent 2024-06-06)Jun 6, 2024 · Control person left · inference
- Nicole Marisa Grant (Chief Investment Officer) appeared on Schedule A of Pugh Capital Management, Inc.Mar 27, 2023 · Control person joined · fact
- Thomas Scott Greiwe (Shareholder) no longer on Schedule A of Pugh Capital Management, Inc. (listed 2020-05-15, absent 2020-10-01)Oct 1, 2020 · Control person left · inference
Across DFX
shared identifiers only, never a name match
- Pugh Capital Management, Inc. · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/pugh-capital-management-increportedpublic record, Form ADV, Sep 17, 2026
- Website
- pughcapital.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 206-322-4985reportedpublic record, Form ADV, Mar 24, 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
- Institutional managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $3.2Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026