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

Arnerich Massena, Inc.

Former SEC-registered adviserPortland, OregonCRD 116395SEC 801-61109IAPD
Latest filing Mar 22, 2024
First filing on the tape Mar 22, 2012 · 35 filings
RAUM
$1.7B
reported, Item 5.F
Discretionary
60%
of RAUM
Private clients
53%
$921M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
21
9 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
35 filings and snapshots on the tape
RAUM$1.7B as of Mar 22, 2024
Mar 22, 2012$17B then
HNW client RAUM$887M as of Mar 22, 2024
Mar 30, 2018$1.2B then
State-registered IARs (5.B.3)6 as of Mar 22, 2024
Mar 22, 20120 then
Employees (5.A)21 as of Mar 22, 2024
Apr 1, 201350 then
Private funds1 as of Apr 2, 2016
Mar 22, 20128 then
RAUM -16% over the last fiscal year-40% a year over threeIARs 4 to 6
Practice profile
derived from the filing of Mar 22, 2024; every figure names its basis
RAUM per advisor
$289MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
36derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$6.2MderivedHNW RAUM over HNW clients
Average account
$6.8MderivedRAUM over accounts (5.F.2.f)
Discretionary
60%derivedof RAUM
Institutional
47%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.5derivedItem 5.A over advisors
Advisors per office
6.0derived1 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
-9.2%derived
Compensation
percentage of assets, hourly, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
Custody
$109M, 49 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$887M51%
  • Charitable organizations$811M47%
  • Individuals$34.0M2.0%
Individual clients
74reported
HNW clients
143reported
Pension plan clients
0reported
Charitable clients
36reported
Accounts
253reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$109M for 49 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
    10 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Accumetrics Investors IV, LLCno longer reportedOther Private Fund$20.9M65Nov 7, 2012
    Accumetrics Investors II, LLCno longer reportedOther Private Fund$18.6M89Mar 22, 2012
    Tryton Medical Investors, LLCno longer reportedOther Private Fund$15.0M38Mar 22, 2012
    Accumetrics Investors, LLCno longer reportedOther Private Fund$9.9M53Mar 22, 2012
    Accumetrics Investors III, LLCno longer reportedOther Private Fund$3.6M70Nov 7, 2012
    Tlm Investors II, LLCno longer reportedOther Private Fund$3.5M2Mar 22, 2012
    Tlm Investors, LLCno longer reportedOther Private Fund$1.8M2Mar 22, 2012
    Vendscreen Investors, LLCno longer reportedOther Private Fund$1.3M1Mar 28, 2014
    Idev Investors, LLCno longer reportedOther Private Fund$791,31624Mar 22, 2012
    Salient Common Investors, LLCno longer reportedOther Private Fund$34,7102Mar 22, 2012
    Owners and control persons
    Schedule A and B, latest filing
    • Elizabeth Reegan Rae · Co-Ceo; Principal; Cco; Senior Investment Advisorcontrol
      since 02/2017 · owns 25% to 50%
    • Paul Bryan Shipley · Co-Ceo; Cio; Principalcontrol
      since 02/2017 · owns 25% to 50%
    • Bennett Ryland Moore · Principal; Director Of Business Development
      since 02/2017 · owns 10% to 25%
    • Ryan David Vaughan · Chief Technology Officer And Principal
      since 02/2017 · owns less than 5%
    Related persons
    Schedule D 7.A
    No related person reported.
    Advisers that list Arnerich Massena, Inc. as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Portland, Or · principal000
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 279 to 253
      Feb 15, 2024 to Mar 22, 2024
    • Advisory employees · 10 to 9
      Feb 15, 2024 to Mar 22, 2024
    • Charity clients · 37 to 36
      Feb 15, 2024 to Mar 22, 2024
    • HNW clients · 147 to 143
      Feb 15, 2024 to Mar 22, 2024
    • Individual clients · 92 to 74
      Feb 15, 2024 to Mar 22, 2024
    • Pension plan clients · 1 to 0
      Feb 15, 2024 to Mar 22, 2024
    • Assets in custody · $1.5B to $109M
      Feb 15, 2024 to Mar 22, 2024
    • Employees · 25 to 21
      Feb 15, 2024 to Mar 22, 2024
    • Discretionary RAUM · $1.1B to $1.0B
      Feb 15, 2024 to Mar 22, 2024
    • HNW RAUM · $967M to $887M
      Feb 15, 2024 to Mar 22, 2024
    • Individual RAUM · $41.4M to $34.0M
      Feb 15, 2024 to Mar 22, 2024
    • Non-discretionary RAUM · $1.0B to $699M
      Feb 15, 2024 to Mar 22, 2024
    • Pension RAUM · 303110862.0 to unset
      Feb 15, 2024 to Mar 22, 2024
    • RAUM · $2.1B to $1.7B
      Feb 15, 2024 to Mar 22, 2024
    • State-registered IARs · 4 to 6
      Mar 30, 2023 to May 26, 2023
    • Accounts · 335 to 279
      Mar 30, 2022 to Mar 30, 2023
    • Advisory employees · 12 to 10
      Mar 30, 2022 to Mar 30, 2023
    • Charity clients · 36 to 37
      Mar 30, 2022 to Mar 30, 2023
    • HNW clients · 183 to 147
      Mar 30, 2022 to Mar 30, 2023
    • Individual clients · 77 to 92
      Mar 30, 2022 to Mar 30, 2023
    • Employees · 30 to 25
      Mar 30, 2022 to Mar 30, 2023
    • State-registered IARs · 5 to 4
      Mar 30, 2022 to Mar 30, 2023
    • Discretionary RAUM · $1.2B to $1.1B
      Mar 30, 2022 to Mar 30, 2023
    • HNW RAUM · $1.4B to $967M
      Mar 30, 2022 to Mar 30, 2023
    • Individual RAUM · $37.9M to $41.4M
      Mar 30, 2022 to Mar 30, 2023
    • Non-discretionary RAUM · $1.5B to $1.0B
      Mar 30, 2022 to Mar 30, 2023
    • Pension RAUM · $354M to $303M
      Mar 30, 2022 to Mar 30, 2023
    • RAUM · $2.7B to $2.1B
      Mar 30, 2022 to Mar 30, 2023
    • Accounts · 319 to 335
      Nov 21, 2021 to Mar 30, 2022
    • Charity clients · 33 to 36
      Nov 21, 2021 to Mar 30, 2022
    • HNW clients · 186 to 183
      Nov 21, 2021 to Mar 30, 2022
    • Individual clients · 71 to 77
      Nov 21, 2021 to Mar 30, 2022
    • Pension plan clients · 0 to 1
      Nov 21, 2021 to Mar 30, 2022
    • Employees · 35 to 30
      Nov 21, 2021 to Mar 30, 2022
    • Discretionary RAUM · $1.2B to $1.2B
      Nov 21, 2021 to Mar 30, 2022
    • HNW RAUM · $1.4B to $1.4B
      Nov 21, 2021 to Mar 30, 2022
    • Individual RAUM · $34.2M to $37.9M
      Nov 21, 2021 to Mar 30, 2022
    • Non-discretionary RAUM · $1.5B to $1.5B
      Nov 21, 2021 to Mar 30, 2022
    • Pension RAUM · $368M to $354M
      Nov 21, 2021 to Mar 30, 2022
    • RAUM · $2.7B to $2.7B
      Nov 21, 2021 to Mar 30, 2022
    Signals
    15 dated events
    • Ryland Bennett Moore left Arnerich Massena, Inc. for Coldstream Wealth Management (registered 2024-07-10)
      Aug 29, 2024 · Advisor changed firm · fact
    • Matthew Stewart Sampson left Arnerich Massena, Inc. for Coldstream Wealth Management (registered 2024-07-10)
      Aug 29, 2024 · Advisor changed firm · fact
    • Glen Jonathan Goland left Arnerich Massena, Inc. for Coldstream Wealth Management (registered 2024-07-10)
      Aug 29, 2024 · Advisor changed firm · fact
    • Melody Marie Behnke left Arnerich Massena, Inc. for Coldstream Wealth Management (registered 2024-07-10)
      Aug 29, 2024 · Advisor changed firm · fact
    • Bryan Paul Shipley left Arnerich Massena, Inc. for Coldstream Wealth Management (registered 2026-01-01)
      Aug 29, 2024 · Advisor changed firm · fact
    • Reegan Elizabeth Rae left Arnerich Massena, Inc. for Coldstream Wealth Management (registered 2024-07-10)
      Aug 29, 2024 · Advisor changed firm · fact
    • David Jozef Janec left Arnerich Massena, Inc. for Coldstream Wealth Management (registered 2024-07-10)
      Aug 29, 2024 · Advisor changed firm · fact
    • Arnerich Massena, Inc.'s advisors moved to Coldstream Wealth Management (Portland, OR): 7 of 7 registered, on the same day
      Aug 29, 2024 · Firm absorbed (people side) · derived
    • Edward Karl Hausafus (Principal) no longer on Schedule A of Arnerich Massena, Inc. (listed 2023-05-26, absent 2023-06-27)
      Jun 27, 2023 · Control person left · inference
    • Katherine Stewart Fox left Arnerich Massena, Inc. for Sunnybranch Wealth Llc (registered 2022-09-12)
      Sep 8, 2022 · Advisor changed firm · fact
    • Arnerich Massena, Inc. reported RAUM $2.7B, down 65% from $7.9B (2021-03-31 to 2021-11-21)
      Nov 21, 2021 · RAUM change · derived
    • Louis Anthony Arnerich (Director; Trustee: Anthony L Arnerich Trust; Trustee: Christine A Arnerich Trust) no longer on Schedule A of Arnerich Massena, Inc. (listed 2021-03-31, absent 2021-11-21)
      Nov 21, 2021 · Control person left · inference
    • Marie Teresa Schwartz (Director; Managing Director Of Institutional Services And Business Development) no longer on Schedule A of Arnerich Massena, Inc. (listed 2020-06-30, absent 2021-03-31)
      Mar 31, 2021 · Control person left · inference
    • Arnerich Massena, Inc. reported RAUM $7.2B, down 35% from $11.0B (2019-07-03 to 2020-03-31)
      Mar 31, 2020 · RAUM change · derived
    • Edward Thomas Coyne (Director) no longer on Schedule A of Arnerich Massena, Inc. (listed 2019-07-03, absent 2020-03-31)
      Mar 31, 2020 · Control person left · inference
    Across DFX
    shared identifiers only, never a name match
    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