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
Sage Financial Group Inc.
Latest filing Jun 30, 2026
First filing on the tape Nov 28, 2011 · 62 filings
SEC status approved since Oct 25, 2002
RAUM
$4.3B
reported, Item 5.F
Discretionary
91%
of RAUM
Private clients
96%
$4.1B individuals and HNW
Advisors
20
registered through the firm on IAPD
RAUM per advisor
$215M
derived; firm RAUM over IAPD count
Employees
28
21 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
4
reported on Schedule D
History
62 filings and snapshots on the tape
RAUM$4.3B as of Jun 30, 2026
Mar 1, 2012$1.0B then
HNW client RAUM$4.0B as of Jun 30, 2026
Mar 12, 2018$1.7B then
State-registered IARs (5.B.3)22 as of Jun 30, 2026
Mar 21, 20130 then
Employees (5.A)28 as of Jun 30, 2026
Mar 21, 201317 then
Private funds4 as of Jun 30, 2026
Mar 24, 20142 then
RAUM +18% over the last fiscal year+17% a year over threeIARs 20 to 22offices 1 to 2
Practice profile
derived from the filing of Jun 30, 2026; every figure names its basis
Archetypes, each a printed rule
- 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
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $215MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 55derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.6MderivedHNW RAUM over HNW clients
- Average account
- $990,274derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 91%derivedof RAUM
- Institutional
- 1.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.4derivedItem 5.A over advisors
- Advisors per office
- 6.7derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +18%derivedbetween the last two annual amendments
- Advisor growth, one year
- +10%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +5.3%derived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
- Custody
- $1.4B, 842 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)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes testimonials (5.L.1.c)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$4.0B93%
- Individuals$158M3.7%
- Pooled investment vehicles$87.0M2.0%
- Charitable organizations$44.5M1.0%
- Pension and profit-sharing plans$22.2M0.5%
- Corporations and businesses$3.1M0.1%
- Individual clients
- 386reported
- HNW clients
- 715reported
- Pension plan clients
- 3reported
- Charitable clients
- 7reported
- Accounts
- 4,334reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.4B for 842 clientsreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.96 fund_share=0.02 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
20 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Alan Jeffrey CohnCertified Financial Planner | West Conshohocken, Pa | Jan 27, 1999 | 38 y | 0 |
| Stephen Leonard Cohn | West Conshohocken, Pa | Jan 27, 1999 | 37 y | 0 |
| Ralph John Cetrulo | Wilmington, De | Feb 22, 2000 | 26 y | 0 |
| John James SionCertified Financial Planner | West Conshohocken, Pa | Jul 29, 2002 | 28 y | 0 |
| Mitchell Evan Bednoff | West Conshohocken, Pa | Oct 25, 2002 | 29 y | 1 |
| Jeffrey E Karpel | West Conshohocken, Pa | Aug 22, 2006 | 20 y | 0 |
| Andrew Cardwell BrownCertified Financial Planner | West Conshohocken, Pa | Sep 20, 2010 | 16 y | 0 |
| George Thomas Harris, III | West Conshohocken, Pa | Mar 15, 2012 | 14 y | 0 |
| Lucile Allen SteitzCertified Financial Planner | West Conshohocken, Pa | Aug 22, 2013 | 29 y | 1 |
| Brandon Allen Baker | West Conshohocken, Pa | Jul 6, 2015 | 13 y | 0 |
| Jason MardinlyCertified Financial Planner | West Conshohocken, Pa | Sep 13, 2017 | 15 y | 2 |
| Adam GreeneCertified Financial Planner | West Conshohocken, Pa | Oct 30, 2017 | 10 y | 0 |
| Daphne Antigoni RichardsCertified Financial Planner | West Conshohocken, Pa | Sep 17, 2020 | 12 y | 1 |
| Joseph Michael GallagherChartered Financial Analyst | West Conshohocken, Pa | Mar 17, 2021 | 16 y | 0 |
| Benjamin Robert KoganCertified Financial Planner | West Conshohocken, Pa | Oct 28, 2021 | 12 y | 0 |
| Ross CohnCertified Financial Planner | West Conshohocken, Pa | Nov 1, 2021 | 11 y | 1 |
| Daniel Scott HochbaumChartered Financial Analyst | West Conshohocken, Pa | Sep 6, 2022 | 12 y | 0 |
| William Anthony MalloyChartered Financial Analyst | West Conshohocken, Pa | Sep 9, 2022 | 14 y | 0 |
| Ryan Adams KrausChartered Financial Analyst | West Conshohocken, Pa | Mar 14, 2023 | 14 y | 0 |
| Gary David Mitchell | Baltimore, Md | Nov 20, 2025 | 21 y | 1 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount2 left over 36 months
Left, latest
- Kevin Wayne Megargel to Viso Wealth Management LLCApr 1, 2025 · RIA to a state-registered adviser
- Sean Dwyer to Overture Wealth ManagementJan 20, 2025 · RIA to a state-registered adviser
- Joseph Vincent Furey to Charles Schwab & Co., Inc.Nov 8, 2021 · RIA to affiliated broker-dealer or bank
- Charles Richard Korger to Independence Advisors, LLCJan 28, 2013 · Other
- John Mcpoland Steigerwald to Legacy Advisors, LLCMay 31, 2012 · Other
- Gregory Harrison Reif to United Capital Financial AdvisorsMay 31, 2012 · Other
- Lisa Anne Broome to United Capital Financial AdvisorsApr 20, 2009 · Other
Joined, latest
- Gary David Mitchell from D.F. Dent And Company, Inc.Nov 20, 2025 · RIA to RIA
- Kevin Wayne Megargel from Morgan Stanley & Co. LLCApr 4, 2023 · Other
- Ross Cohn from UBS Financial Services Inc.Nov 1, 2021 · Wirehouse to independent RIA
- Joseph Vincent Furey from UBS Financial Services Inc.Oct 7, 2021 · Wirehouse to independent RIA
- Daphne Antigoni Richards from Vanguard Advisers, Inc.Sep 17, 2020 · Affiliated broker-dealer or bank to independent RIA
- Sean Dwyer from Vanguard Advisers, Inc.Dec 3, 2018 · Affiliated broker-dealer or bank to independent RIA
- Jason Mardinly from Wisdom Planning, LLCSep 13, 2017 · Other
- Lucile Allen Steitz from Corestates Capital Advisors, LLCAug 22, 2013 · Other
- Lisa Anne Broome from Hornor, Townsend & Kent, LLCAug 13, 2008 · Other
- Charles Richard Korger from Mercer AdvisorsApr 14, 2004 · Other
- Mitchell Evan Bednoff from Equitable Advisors, LLCOct 25, 2002 · Other
Private funds
6 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Sage Real Estate Fund Vii, L.P. | Real Estate Fund | $29.8M | 172 | Mar 16, 2020 |
| Sage Real Estate Fund Vi, L.P. | Real Estate Fund | $23.8M | 150 | Mar 12, 2018 |
| Sage Real Estate Fund IV, L.P. | Real Estate Fund | $21.3M | 87 | Mar 24, 2014 |
| Sage Qualified Opportunity Fund I, L.P. | Real Estate Fund | $12.1M | 97 | Mar 16, 2020 |
| Sage Real Estate Fund V, L.P.no longer reported | Real Estate Fund | $10.6M | 180 | Mar 17, 2016 |
| Sage Private Equity Partners, IIno longer reported | Private Equity Fund | $0 | 86 | Oct 10, 2013 |
Owners and control persons
Schedule A and B, latest filing
- Jeffrey Alan Cohn · Co-President, Cfo, Cio, Directorcontrolsince 10/1991 · owns less than 5%
- Leonard Stephen Cohn · Co-President, Coo, Director Officer, Partnercontrolsince 10/1991 · owns less than 5%
- James John Sion · Chief Compliance Officer, Partnercontrolsince 01/2007 · owns 5% to 10%
- Evan Mitchell Bednoff · Vice President, Partnersince 01/2007 · owns 5% to 10%
Entity owners
- The Cfg Trust · Shareholderdirect · owns 25% to 50%
- The Sfg Trust · Shareholderdirect · owns 25% to 50%
Related persons
Schedule D 7.A
- Cohn Management Group, LLCpooled vehicle sponsorn
- Sage Goldstein Investors, LLCpooled vehicle sponsorn
- Sage Real Estate Group II, LLCpooled vehicle sponsorn
- Tower Bridge Law, LLCn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| West Conshohocken, Pa · principal | 20 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Jun 30, 2026SION, JOHN, JAMES (CHIEF COMPLIANCE OFFICER, PARTNER) left Schedule A between the filings of 2011-11-28 and 2026-06-30peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
- Accounts · 4,205 to 4,334Jul 8, 2025 to Mar 25, 2026
- Advisory employees · 19 to 21Jul 8, 2025 to Mar 25, 2026
- Charity clients · 6 to 7Jul 8, 2025 to Mar 25, 2026
- Corporate clients · unset to 1.0Jul 8, 2025 to Mar 25, 2026
- HNW clients · 653 to 715Jul 8, 2025 to Mar 25, 2026
- Individual clients · 393 to 386Jul 8, 2025 to Mar 25, 2026
- Pension plan clients · unset to 3.0Jul 8, 2025 to Mar 25, 2026
- Pooled vehicle clients · 5 to 4Jul 8, 2025 to Mar 25, 2026
- Assets in custody · $1.4B to $1.4BJul 8, 2025 to Mar 25, 2026
- Employees · 25 to 28Jul 8, 2025 to Mar 25, 2026
- State-registered IARs · 20 to 22Jul 8, 2025 to Mar 25, 2026
- Other offices · 1 to 2Jul 8, 2025 to Mar 25, 2026
- Private funds · 5 to 4Jul 8, 2025 to Mar 25, 2026
- Discretionary RAUM · $3.3B to $3.9BJul 8, 2025 to Mar 25, 2026
- HNW RAUM · $3.3B to $4.0BJul 8, 2025 to Mar 25, 2026
- Individual RAUM · $193M to $158MJul 8, 2025 to Mar 25, 2026
- Non-discretionary RAUM · $327M to $386MJul 8, 2025 to Mar 25, 2026
- Pension RAUM · $19.1M to $22.2MJul 8, 2025 to Mar 25, 2026
- Pooled vehicle RAUM · $86.6M to $87.0MJul 8, 2025 to Mar 25, 2026
- RAUM · $3.6B to $4.3BJul 8, 2025 to Mar 25, 2026
- Financial planning clients · 251-500 to 251-500May 13, 2025 to Jul 8, 2025
- Accounts · 3,917 to 4,205Nov 16, 2024 to Apr 10, 2025
- Advisory employees · 21 to 19Nov 16, 2024 to Apr 10, 2025
- HNW clients · 666 to 653Nov 16, 2024 to Apr 10, 2025
- Individual clients · 321 to 393Nov 16, 2024 to Apr 10, 2025
- Assets in custody · $1.1B to $1.4BNov 16, 2024 to Apr 10, 2025
- Employees · 27 to 25Nov 16, 2024 to Apr 10, 2025
- State-registered IARs · 22 to 20Nov 16, 2024 to Apr 10, 2025
- Discretionary RAUM · $2.9B to $3.3BNov 16, 2024 to Apr 10, 2025
- HNW RAUM · $2.9B to $3.3BNov 16, 2024 to Apr 10, 2025
- Individual RAUM · $129M to $193MNov 16, 2024 to Apr 10, 2025
- Non-discretionary RAUM · $281M to $327MNov 16, 2024 to Apr 10, 2025
- Pension RAUM · $16.5M to $19.1MNov 16, 2024 to Apr 10, 2025
- Pooled vehicle RAUM · $94.7M to $86.6MNov 16, 2024 to Apr 10, 2025
- RAUM · $3.2B to $3.6BNov 16, 2024 to Apr 10, 2025
- Accounts · 3,567 to 3,917Mar 6, 2024 to Mar 26, 2024
- Advisory employees · 20 to 21Mar 6, 2024 to Mar 26, 2024
- Corporate clients · 1.0 to unsetMar 6, 2024 to Mar 26, 2024
- HNW clients · 632 to 666Mar 6, 2024 to Mar 26, 2024
- Individual clients · 254 to 321Mar 6, 2024 to Mar 26, 2024
Signals
2 dated events
- Kevin Wayne Megargel left Sage Financial Group Inc. for Viso Wealth Management Llc (registered 2025-07-28)Apr 1, 2025 · Advisor changed firm · fact
- Sean Dwyer left Sage Financial Group Inc. for Overture Wealth Management (registered 2025-01-23)Jan 20, 2025 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
- Sage Financial Group Inc. · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Business phone
- 484-342-4400reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 484-450-2565reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/70394reportedpublic record, Form ADV, Sep 17, 2026
- Website
- SAGEFINANCIAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 484-342-4400reportedpublic record, Form ADV, Jun 30, 2026
- Contact form
- sagefinancial.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- sagefinancial.com/teamreportedpublished by the firm, firm site, Sep 15, 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
- $215Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026
Across the graphs
Sage Financial Group Inc. is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
Checking your plan…