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.
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Former SEC-registered adviser
T••••• • A•••••••••
Legal name T••••• • A••••••••• L••
Latest filing Sep 26, 2024
First filing on the tape Feb 27, 2012 · 5 filings
RAUM
$80.0M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$80.0M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$80.0M
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
5 filings and snapshots on the tape
RAUM$80.0M as of Sep 26, 2024
Feb 27, 2012$41.9M then
HNW client RAUM$77.5M as of Sep 26, 2024
Jun 26, 2024$112M then
State-registered IARs (5.B.3)2 as of Sep 26, 2024
Feb 27, 20120 then
Employees (5.A)2 as of Sep 26, 2024
Jun 26, 20242 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Sep 26, 2024; every figure names its basis
- RAUM per advisor
- $80.0MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 47derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.2MderivedHNW RAUM over HNW clients
- Average account
- $350,877derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 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
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$77.5M97%
- Individuals$2.5M3.1%
- Individual clients
- 23reported
- HNW clients
- 24reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 228reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- absent from the latest SEC rosterderived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| N••• T••••• T••••• | Lexington, Va | Sep 23, 2002 | 38 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 headcount1 left over 36 months
Left, latest
- M••••••• M•••• L••••• to J•••• T•••••• I••••••••• P•••••••• L••Sep 26, 2024 · RIA to RIA
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- T•••••• N•••• T••••• · Principal/Chief Compliance Officercontrolsince 08/1992 · 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 |
|---|---|---|---|---|---|
| Lexington, Va | 1 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 288 to 228Jun 26, 2024 to Sep 26, 2024
- HNW clients · 35 to 24Jun 26, 2024 to Sep 26, 2024
- Individual clients · 32 to 23Jun 26, 2024 to Sep 26, 2024
- Discretionary RAUM · $130M to $80.0MJun 26, 2024 to Sep 26, 2024
- HNW RAUM · $112M to $77.5MJun 26, 2024 to Sep 26, 2024
- Individual RAUM · $17.6M to $2.5MJun 26, 2024 to Sep 26, 2024
- RAUM · $130M to $80.0MJun 26, 2024 to Sep 26, 2024
- Accounts · 290 to 288May 4, 2012 to Jun 26, 2024
- Advisory employees · unset to 2.0May 4, 2012 to Jun 26, 2024
- HNW clients · unset to 35.0May 4, 2012 to Jun 26, 2024
- Individual clients · unset to 32.0May 4, 2012 to Jun 26, 2024
- Employees · unset to 2.0May 4, 2012 to Jun 26, 2024
- State-registered IARs · 0 to 2May 4, 2012 to Jun 26, 2024
- Other offices · unset to 0.0May 4, 2012 to Jun 26, 2024
- Discretionary RAUM · $41.9M to $130MMay 4, 2012 to Jun 26, 2024
- HNW RAUM · unset to 112439000.0May 4, 2012 to Jun 26, 2024
- Individual RAUM · unset to 17577137.0May 4, 2012 to Jun 26, 2024
- RAUM · $41.9M to $130MMay 4, 2012 to Jun 26, 2024
Signals
3 dated events
- Marie Michelle Ludwig (Principal) no longer on Schedule A of T••••• • A••••••••• (listed 2024-06-26, absent 2024-09-26)Sep 26, 2024 · Control person left · inference
- M••••••• M•••• L••••• left T••••• • A••••••••• for J•••• T•••••• I••••••••• P•••••••• L•• (registered 2024-08-26)Sep 26, 2024 · Advisor changed firm · fact
- T••••• • A••••••••• filed its initial SEC registration (Form ADV)Jun 26, 2024 · 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
- $80.0Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026