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
Ridgeback Capital Management
Legal name Mandalay Financial, L.L.C.
Latest filing Mar 30, 2026
First filing on the tape Mar 28, 2014 · 16 filings
SEC status approved since Apr 25, 2014
RAUM
$171M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
100%
$171M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$85.7M
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$171M as of Mar 30, 2026
Mar 11, 2015$114M then
HNW client RAUM$164M as of Mar 30, 2026
Mar 29, 2018$142M then
State-registered IARs (5.B.3)2 as of Mar 30, 2026
Mar 11, 20151 then
Employees (5.A)3 as of Mar 30, 2026
Mar 11, 20153 then
Private funds: no history
RAUM -7.6% over the last fiscal year-0.8% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $85.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 57derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.3MderivedHNW RAUM over HNW clients
- Average account
- $1.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 0.0%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -7.6%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -6.6%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisers, educational seminarsreportedItem 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$164M96%
- Individuals$7.7M4.5%
- Individual clients
- 41reported
- HNW clients
- 72reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 114reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, hourlyreported
- 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
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Michael Charles Kuznicki | Bellaire, Tx | Feb 23, 1999 | 31 y | 1 |
| Marisa Ponti | Bellaire, Tx | May 16, 2023 | 20 y | 0 |
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
- Christopher J Maurer to Resource Horizons Investment Advisory, Inc.Apr 6, 2010 · Other
- Debra Ann Hartsfield to Barrington Financial Advisors, Inc.Jun 25, 2009 · Other
- Douglas William Sippel to LPL Financial LLCApr 21, 2006 · Other
Joined, latest
- Debra Ann Hartsfield from On Investment Management CoOct 29, 2008 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Charles Michael Kuznicki · President & Chief Compliance Officercontrolsince 01/1999 · owns 75% or more
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 |
|---|---|---|---|---|---|
| Bellaire, Tx · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing Mar 30, 2026discretionary share of RAUM of 0% against a peer median of 100% (5676 comparable advisers, 0.0th percentile, 33.7 robust deviations)peers: independent wealth managers, $100M to $500M (5,676) · 0.0% percentile
- account count collapseChange between filings · filing Mar 30, 2026accounts (Item 5.F.2.f) moved from 492.0 to 114.0 (-77.0%) between the annual amendments of 2025-03-28 and 2026-03-30; the peer median change was +5.0% (3687 comparable advisers, 0.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,687) · 0.4% percentile
What changed
consecutive filings, newest first
- Accounts · 492 to 114Mar 28, 2025 to Mar 30, 2026
- HNW clients · 81 to 72Mar 28, 2025 to Mar 30, 2026
- Individual clients · 40 to 41Mar 28, 2025 to Mar 30, 2026
- HNW RAUM · $167M to $164MMar 28, 2025 to Mar 30, 2026
- Individual RAUM · $18.6M to $7.7MMar 28, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $186M to $171MMar 28, 2025 to Mar 30, 2026
- RAUM · $186M to $171MMar 28, 2025 to Mar 30, 2026
- Accounts · 401 to 492Mar 28, 2024 to Mar 28, 2025
- HNW clients · 133 to 81Mar 28, 2024 to Mar 28, 2025
- Individual clients · 35 to 40Mar 28, 2024 to Mar 28, 2025
- Employees · 4 to 3Mar 28, 2024 to Mar 28, 2025
- Financial planning clients · 26-50 to 26-50Mar 28, 2024 to Mar 28, 2025
- HNW RAUM · $184M to $167MMar 28, 2024 to Mar 28, 2025
- Individual RAUM · $3.1M to $18.6MMar 28, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $187M to $186MMar 28, 2024 to Mar 28, 2025
- RAUM · $187M to $186MMar 28, 2024 to Mar 28, 2025
- Accounts · 363 to 401Oct 13, 2023 to Mar 28, 2024
- Advisory employees · 1 to 2Oct 13, 2023 to Mar 28, 2024
- HNW clients · 113 to 133Oct 13, 2023 to Mar 28, 2024
- Individual clients · 33 to 35Oct 13, 2023 to Mar 28, 2024
- State-registered IARs · 1 to 2Oct 13, 2023 to Mar 28, 2024
- HNW RAUM · $168M to $184MOct 13, 2023 to Mar 28, 2024
- Individual RAUM · $7.6M to $3.1MOct 13, 2023 to Mar 28, 2024
- Non-discretionary RAUM · $176M to $187MOct 13, 2023 to Mar 28, 2024
- RAUM · $176M to $187MOct 13, 2023 to Mar 28, 2024
- Accounts · 146 to 363Mar 31, 2022 to Mar 31, 2023
- HNW RAUM · $169M to $168MMar 31, 2022 to Mar 31, 2023
- Individual RAUM · $7.4M to $7.6MMar 31, 2022 to Mar 31, 2023
- Non-discretionary RAUM · $176M to $176MMar 31, 2022 to Mar 31, 2023
- RAUM · $176M to $176MMar 31, 2022 to Mar 31, 2023
- Accounts · 350 to 146Mar 31, 2021 to Mar 31, 2022
- HNW clients · 104 to 113Mar 31, 2021 to Mar 31, 2022
- Individual clients · 56 to 33Mar 31, 2021 to Mar 31, 2022
- Employees · 3 to 4Mar 31, 2021 to Mar 31, 2022
- Financial planning clients · 51-100 to 26-50Mar 31, 2021 to Mar 31, 2022
- HNW RAUM · $111M to $169MMar 31, 2021 to Mar 31, 2022
- Individual RAUM · $59.6M to $7.4MMar 31, 2021 to Mar 31, 2022
- Non-discretionary RAUM · $170M to $176MMar 31, 2021 to Mar 31, 2022
- RAUM · $170M to $176MMar 31, 2021 to Mar 31, 2022
- Accounts · 448 to 350Jun 30, 2020 to Mar 31, 2021
Signals
1 dated events
- Ridgeback Capital Management filed its initial SEC registration (Form ADV)Mar 28, 2014 · 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.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/84522832/adminreportedpublic record, Form ADV, Sep 18, 2026
- Website
- RIDGEBACKCM.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 713-667-4026reportedpublic 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
- $85.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026