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

Wealth Management Group

Former SEC-registered adviserRochester, New YorkCRD 112639SEC 801-116892IAPD
Legal name Wealth Management Group, LLC
Latest filing Mar 16, 2023
First filing on the tape Jun 2, 2019 · 13 filings
RAUM
$103M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
93%
$95.8M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$103M as of Mar 16, 2023
Mar 30, 2020$77.1M then
HNW client RAUM$60.6M as of Mar 16, 2023
Mar 30, 2020$27.4M then
State-registered IARs (5.B.3)3 as of Mar 16, 2023
Mar 30, 20202 then
Employees (5.A)5 as of Mar 16, 2023
Mar 30, 20207 then
Private funds: no history
RAUM -16% over the last fiscal year+10% a year over threeIARs 2 to 3
Practice profile
derived from the filing of Mar 16, 2023; every figure names its basis
RAUM per advisor
$34.4MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
82derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$978,022derivedHNW RAUM over HNW clients
Average account
$167,353derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
6.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.7derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-16%derivedbetween the last two annual amendments
Advisor growth, one year
+50%derivedItem 5.B.3 between annual amendments
Client growth, one year
+8.4%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
Custody
$90.3M, 216 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$60.6M59%
  • Individuals$35.2M34%
  • State and municipal entities$3.2M3.1%
  • Pension and profit-sharing plans$2.2M2.1%
  • Insurance companies$989,2421.0%
  • Charitable organizations$548,2140.5%
  • Corporations and businesses$302,5520.3%
Individual clients
183reported
HNW clients
62reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
616reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$90.3M for 216 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
  • Michael Adam Mark · Managing Member/President/Chief Compliance Officercontrol
    since 01/2018 · owns 75% or more
Related persons
Schedule D 7.A
Advisers that list Wealth Management Group as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Rochester, Ny · principal000
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 578 to 616
    Feb 9, 2022 to Mar 16, 2023
  • Advisory employees · 2 to 3
    Feb 9, 2022 to Mar 16, 2023
  • BD registered reps · 5 to 4
    Feb 9, 2022 to Mar 16, 2023
  • HNW clients · 60 to 62
    Feb 9, 2022 to Mar 16, 2023
  • Individual clients · 166 to 183
    Feb 9, 2022 to Mar 16, 2023
  • Assets in custody · $105M to $90.3M
    Feb 9, 2022 to Mar 16, 2023
  • Employees · 6 to 5
    Feb 9, 2022 to Mar 16, 2023
  • Insurance-licensed employees · 0 to 2
    Feb 9, 2022 to Mar 16, 2023
  • State-registered IARs · 2 to 3
    Feb 9, 2022 to Mar 16, 2023
  • Discretionary RAUM · $122M to $103M
    Feb 9, 2022 to Mar 16, 2023
  • HNW RAUM · $73.0M to $60.6M
    Feb 9, 2022 to Mar 16, 2023
  • Individual RAUM · $39.2M to $35.2M
    Feb 9, 2022 to Mar 16, 2023
  • Pension RAUM · $2.7M to $2.2M
    Feb 9, 2022 to Mar 16, 2023
  • RAUM · $122M to $103M
    Feb 9, 2022 to Mar 16, 2023
  • Accounts · 538 to 578
    Oct 11, 2021 to Feb 9, 2022
  • Advisory employees · 3 to 2
    Oct 11, 2021 to Feb 9, 2022
  • HNW clients · 40 to 60
    Oct 11, 2021 to Feb 9, 2022
  • Individual clients · 161 to 166
    Oct 11, 2021 to Feb 9, 2022
  • Assets in custody · $81.5M to $105M
    Oct 11, 2021 to Feb 9, 2022
  • Discretionary RAUM · $92.7M to $122M
    Oct 11, 2021 to Feb 9, 2022
  • HNW RAUM · $48.0M to $73.0M
    Oct 11, 2021 to Feb 9, 2022
  • Individual RAUM · $37.4M to $39.2M
    Oct 11, 2021 to Feb 9, 2022
  • Pension RAUM · $2.4M to $2.7M
    Oct 11, 2021 to Feb 9, 2022
  • RAUM · $92.7M to $122M
    Oct 11, 2021 to Feb 9, 2022
  • Accounts · 552 to 538
    Nov 6, 2020 to Jan 6, 2021
  • Advisory employees · 4 to 3
    Nov 6, 2020 to Jan 6, 2021
  • Advisory activities · 6 to 5
    Nov 6, 2020 to Jan 6, 2021
  • BD registered reps · 2 to 5
    Nov 6, 2020 to Jan 6, 2021
  • HNW clients · 24 to 40
    Nov 6, 2020 to Jan 6, 2021
  • Individual clients · 158 to 161
    Nov 6, 2020 to Jan 6, 2021
  • Assets in custody · $66.7M to $81.5M
    Nov 6, 2020 to Jan 6, 2021
  • Employees · 7 to 6
    Nov 6, 2020 to Jan 6, 2021
  • Insurance-licensed employees · 2 to 0
    Nov 6, 2020 to Jan 6, 2021
  • Discretionary RAUM · $77.1M to $92.7M
    Nov 6, 2020 to Jan 6, 2021
  • HNW RAUM · $27.4M to $48.0M
    Nov 6, 2020 to Jan 6, 2021
  • Individual RAUM · $42.8M to $37.4M
    Nov 6, 2020 to Jan 6, 2021
  • Pension RAUM · $1.0M to $2.4M
    Nov 6, 2020 to Jan 6, 2021
  • RAUM · $77.1M to $92.7M
    Nov 6, 2020 to Jan 6, 2021
  • Related adviser · false to true
    Nov 6, 2020 to Jan 6, 2021
  • Assets in custody · unset to 66740873.0
    Jun 25, 2020 to Jul 16, 2020
Signals
6 dated events
  • Eric Schmidt left Wealth Management Group for Wealth Enhancement Advisory Services, Llc (registered 2023-11-16)
    Dec 11, 2023 · Advisor changed firm · fact
  • Derek Donnarumma left Wealth Management Group for Wealth Enhancement Advisory Services, Llc (registered 2023-11-16)
    Dec 11, 2023 · Advisor changed firm · fact
  • Adam Michael Mark left Wealth Management Group for Wealth Enhancement Advisory Services, Llc (registered 2023-11-16)
    Dec 11, 2023 · Advisor changed firm · fact
  • Wealth Management Group's advisors moved to Wealth Enhancement Advisory Services, LLC (Rochester, NY): 3 of 3 registered, on the same day
    Dec 11, 2023 · Firm absorbed (people side) · derived
  • William Thomas Tortorice left Wealth Management Group for Private Advisor Group, Llc (registered 2023-02-23)
    Feb 22, 2023 · Advisor changed firm · fact
  • Wealth Management Group filed its initial SEC registration (Form ADV)
    Jun 2, 2019 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
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