DFX Intelligence
RIA Intelligence
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SEC-registered adviser
B•••••• W••••• A•••••••• L••
Latest filing Jul 31, 2026
First filing on the tape Feb 2, 2012 · 26 filings
SEC status approved since Mar 5, 2014
RAUM
$338M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$334M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$169M
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$338M as of Jul 31, 2026
Feb 2, 2012$80.0M then
HNW client RAUM$294M as of Jul 31, 2026
Mar 29, 2018$89.8M then
State-registered IARs (5.B.3)2 as of Jul 31, 2026
Feb 2, 20120 then
Employees (5.A)4 as of Jul 31, 2026
Mar 17, 20143 then
Private funds: no history
RAUM +16% over the last fiscal year+23% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Jul 31, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $169MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 87derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.0MderivedHNW RAUM over HNW clients
- Average account
- $640,003derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +16%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -2.2%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, publicationsreportedItem 5.G
- Custody
- $47.8M, 48 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)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$294M87%
- Individuals$40.5M12%
- Pension and profit-sharing plans$3.7M1.1%
- Individual clients
- 75reported
- HNW clients
- 99reported
- Pension plan clients
- 9reported
- Charitable clients
- 0reported
- Accounts
- 528reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $47.8M for 48 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.01 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 |
|---|---|---|---|---|
| G••• R••• S••••••Chartered Financial Consultant | B••••••, Co | Oct 16, 2001 | 32 y | 0 |
| M•••••• W•••••• H•••Certified Financial Planner | B••••••, Co | Feb 1, 2021 | 19 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
none on the tape
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- H•••• M••••••• W•••••• · Managing Partner, Chief Compliance Officercontrolsince 02/2021 · owns 25% to 50%
- S••••••• G•••• R••• · Managing Partnercontrolsince 01/2021 · owns 50% to 75%
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 |
|---|---|---|---|---|---|
| B••••••, Co · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 523 to 528Nov 20, 2025 to Mar 11, 2026
- Charity clients · 1 to 0Nov 20, 2025 to Mar 11, 2026
- Individual clients · 79 to 75Nov 20, 2025 to Mar 11, 2026
- Pension plan clients · 1 to 9Nov 20, 2025 to Mar 11, 2026
- Assets in custody · $233M to $47.8MNov 20, 2025 to Mar 11, 2026
- Employees · 3 to 4Nov 20, 2025 to Mar 11, 2026
- Financial planning clients · 1-10 to 0Nov 20, 2025 to Mar 11, 2026
- Discretionary RAUM · $291M to $338MNov 20, 2025 to Mar 11, 2026
- HNW RAUM · $256M to $294MNov 20, 2025 to Mar 11, 2026
- Individual RAUM · $33.4M to $40.5MNov 20, 2025 to Mar 11, 2026
- Pension RAUM · $1.0M to $3.7MNov 20, 2025 to Mar 11, 2026
- RAUM · $291M to $338MNov 20, 2025 to Mar 11, 2026
- Financial planning clients · 1-10 to 1-10Feb 26, 2025 to Jun 10, 2025
- Accounts · 545 to 523Mar 6, 2024 to Feb 26, 2025
- HNW clients · 89 to 99Mar 6, 2024 to Feb 26, 2025
- Individual clients · 85 to 79Mar 6, 2024 to Feb 26, 2025
- Assets in custody · $115M to $233MMar 6, 2024 to Feb 26, 2025
- Financial planning clients · 51-100 to 1-10Mar 6, 2024 to Feb 26, 2025
- Discretionary RAUM · $246M to $291MMar 6, 2024 to Feb 26, 2025
- HNW RAUM · $211M to $256MMar 6, 2024 to Feb 26, 2025
- Individual RAUM · $33.9M to $33.4MMar 6, 2024 to Feb 26, 2025
- Pension RAUM · $882,540 to $1.0MMar 6, 2024 to Feb 26, 2025
- RAUM · $246M to $291MMar 6, 2024 to Feb 26, 2025
- Accounts · 510 to 545Jan 31, 2023 to Mar 6, 2024
- HNW clients · 92 to 89Jan 31, 2023 to Mar 6, 2024
- Individual clients · 82 to 85Jan 31, 2023 to Mar 6, 2024
- Pension plan clients · unset to 1.0Jan 31, 2023 to Mar 6, 2024
- Assets in custody · $16.9M to $115MJan 31, 2023 to Mar 6, 2024
- Discretionary RAUM · $181M to $246MJan 31, 2023 to Mar 6, 2024
- HNW RAUM · $155M to $211MJan 31, 2023 to Mar 6, 2024
- Individual RAUM · $25.6M to $33.9MJan 31, 2023 to Mar 6, 2024
- Pension RAUM · unset to 882540.0Jan 31, 2023 to Mar 6, 2024
- RAUM · $181M to $246MJan 31, 2023 to Mar 6, 2024
- Accounts · 542 to 510Oct 26, 2022 to Jan 31, 2023
- Advisory employees · 3 to 2Oct 26, 2022 to Jan 31, 2023
- Charity clients · unset to 1.0Oct 26, 2022 to Jan 31, 2023
- HNW clients · 67 to 92Oct 26, 2022 to Jan 31, 2023
- Individual clients · 84 to 82Oct 26, 2022 to Jan 31, 2023
- Assets in custody · $23.4M to $16.9MOct 26, 2022 to Jan 31, 2023
- Employees · 4 to 3Oct 26, 2022 to Jan 31, 2023
Signals
3 dated events
- Carl Roy Ludwick (Managing Partner) no longer on Schedule A of B•••••• W••••• A•••••••• L•• (listed 2021-02-17, absent 2022-01-20)Jan 20, 2022 · Control person left · inference
- William Michael Hake (Managing Partner) appeared on Schedule A of B•••••• W••••• A•••••••• L••Feb 1, 2021 · Control person joined · fact
- L•••••• • S•••••• filed its initial SEC registration (Form ADV)Feb 21, 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
- Business phone
- 303-444-1161reportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- linkedin.com/company/boulder-wealth-advisors-llc/aboutreportedpublic record, Form ADV, Sep 21, 2026
- Website
- b•••••••••.comreportedpublic record, Form ADV, Sep 21, 2026
- Principal office phone
- 303-444-1161reportedpublic record, Form ADV, Jul 31, 2026
- Team page
- b•••••••••.comreportedpublished by the firm, firm site, Sep 17, 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
- $169Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026