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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SEC-registered adviser
H•••••••• A•••••••• I•••
Latest filing Aug 6, 2026
First filing on the tape Feb 10, 2012 · 44 filings
SEC status approved since Sep 19, 2006
RAUM
$410M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
98%
$401M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$51.2M
derived; firm RAUM over IAPD count
Employees
12
5 advisory (5.B.1)
Offices
7
beyond the principal office
Private funds
0
reported on Schedule D
History
44 filings and snapshots on the tape
RAUM$410M as of Aug 6, 2026
Feb 10, 2012$141M then
HNW client RAUM$323M as of Aug 6, 2026
Mar 9, 2018$36.6M then
State-registered IARs (5.B.3)6 as of Aug 6, 2026
Feb 13, 20135 then
Employees (5.A)12 as of Aug 6, 2026
Feb 13, 20138 then
Private funds: no history
RAUM +30% over the last fiscal year+16% a year over threeIARs 4 to 6offices 3 to 7
Practice profile
derived from the filing of Aug 6, 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
- RAUM per advisor
- $51.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 43derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.0MderivedHNW RAUM over HNW clients
- Average account
- $603,219derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 1.0derived8 offices incl. principal (1.F.5)
- RAUM growth, one year
- +30%derivedbetween the last two annual amendments
- Advisor growth, one year
- +50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +8.8%derived
- Compensation
- percentage of assets, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $135M, 218 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$323M79%
- Individuals$77.5M19%
- Pension and profit-sharing plans$6.1M1.5%
- Corporations and businesses$2.9M0.7%
- Individual clients
- 182reported
- HNW clients
- 165reported
- Pension plan clients
- 5reported
- Charitable clients
- n/areported
- Accounts
- 679reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $135M for 218 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.98 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=5.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| J•••• D••••••• H••• | Mesa, Az | Jan 1, 1997 | 33 y | 0 |
| K•••• M•••••• T•••••••••Certified Financial Planner | Flagstaff, Az | Feb 21, 2003 | 32 y | 0 |
| T••••• W•••• K••••• | Flagstaff, Az | May 27, 2008 | 22 y | 0 |
| E••• L•• S•••••• | Flagstaff, Az | Oct 27, 2008 | 27 y | 1 |
| J•••• J• D••••••••• | Flagstaff, Az | Apr 26, 2016 | 26 y | 0 |
| D•••• N••••••• H••• | Phoenix, Az | Apr 24, 2025 | 12 y | 0 |
| A•• B••• M••••• | Flagstaff, Az | Feb 25, 2026 | 15 y | 0 |
| C••••••• A••• T••••• | Walnut Creek, Ca | Jun 2, 2026 | 10 y | 1 |
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
- C••••• A•••• Z•••••• to I••••••••• W••••• M••••••••• L••Dec 31, 2013 · Other
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- H••••••••• F••••••• M•••••• · Chairman Of The Boardcontrolsince 05/2023 · owns less than 5%
- H•••• J••••• D••••••• · President, Chief Compliance Officercontrolsince 11/1996 · owns less than 5%
- T•••••••• B••••• A•••••••• · Directorcontrolsince 05/2023 · owns less than 5%
- H••••••••• F••••••• M•••••• · Chief Executive Officercontrolsince 09/1988 · owns 25% to 50% of H•••••••• I•••••••• B••••••
Entity owners
- H•••••••• I•••••••• B•••••• · Shareholderdirect · owns 75% or more
Related persons
Schedule D 7.A
- H•••••••• I•••••••• B••••••real estatey
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Flagstaff, Az · principal | 8 | 2 | 0 | ||
| Phoenix, Az | 4 | 1 | 0 | ||
| Mesa, Az | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Phoenix, AZ2 employees
- Mesa, AZ2 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- office count surgeChange between filings · filing Mar 18, 2026offices other than the principal office (Item 1.F.5) moved from 3.0 to 6.0 (+100.0%) between the annual amendments of 2025-03-07 and 2026-03-18; the peer median change was 0.0% (450 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $100M to $500M (450) · 99% percentile
What changed
consecutive filings, newest first
- Other offices · 6 to 7Mar 18, 2026 to Jun 15, 2026
- Accounts · 599 to 679Dec 3, 2025 to Mar 18, 2026
- Advisory employees · 4 to 5Dec 3, 2025 to Mar 18, 2026
- Advisory activities · 3 to 4Dec 3, 2025 to Mar 18, 2026
- HNW clients · 147 to 165Dec 3, 2025 to Mar 18, 2026
- Individual clients · 172 to 182Dec 3, 2025 to Mar 18, 2026
- Pension plan clients · 8 to 5Dec 3, 2025 to Mar 18, 2026
- Assets in custody · $93.9M to $135MDec 3, 2025 to Mar 18, 2026
- Employees · 11 to 12Dec 3, 2025 to Mar 18, 2026
- Insurance-licensed employees · 4 to 5Dec 3, 2025 to Mar 18, 2026
- Financial planning clients · 1-10 to 0Dec 3, 2025 to Mar 18, 2026
- State-registered IARs · 4 to 6Dec 3, 2025 to Mar 18, 2026
- Other offices · 3 to 6Dec 3, 2025 to Mar 18, 2026
- Discretionary RAUM · $316M to $410MDec 3, 2025 to Mar 18, 2026
- HNW RAUM · $239M to $323MDec 3, 2025 to Mar 18, 2026
- Individual RAUM · $66.9M to $77.5MDec 3, 2025 to Mar 18, 2026
- Pension RAUM · $6.7M to $6.1MDec 3, 2025 to Mar 18, 2026
- RAUM · $316M to $410MDec 3, 2025 to Mar 18, 2026
- Business name · A•••••••• F•••••••• S••••••••• I••• to H•••••••• A•••••••• I•••Mar 7, 2025 to Dec 3, 2025
- Legal name · A•••••••• F•••••••• S••••••••• I••• to H•••••••• A•••••••• I•••Mar 7, 2025 to Dec 3, 2025
- Accounts · 618 to 599Feb 26, 2024 to Mar 7, 2025
- HNW clients · 134 to 147Feb 26, 2024 to Mar 7, 2025
- Individual clients · 187 to 172Feb 26, 2024 to Mar 7, 2025
- Pension plan clients · 6 to 8Feb 26, 2024 to Mar 7, 2025
- Assets in custody · $89.1M to $93.9MFeb 26, 2024 to Mar 7, 2025
- Employees · 10 to 11Feb 26, 2024 to Mar 7, 2025
- Financial planning clients · 0 to 1-10Feb 26, 2024 to Mar 7, 2025
- Other offices · 2 to 3Feb 26, 2024 to Mar 7, 2025
- Discretionary RAUM · $295M to $316MFeb 26, 2024 to Mar 7, 2025
- HNW RAUM · $208M to $239MFeb 26, 2024 to Mar 7, 2025
- Individual RAUM · $77.5M to $66.9MFeb 26, 2024 to Mar 7, 2025
- Pension RAUM · $6.2M to $6.7MFeb 26, 2024 to Mar 7, 2025
- RAUM · $295M to $316MFeb 26, 2024 to Mar 7, 2025
- Accounts · 686 to 618Jun 21, 2023 to Feb 22, 2024
- Advisory employees · 5 to 4Jun 21, 2023 to Feb 22, 2024
- HNW clients · 127 to 134Jun 21, 2023 to Feb 22, 2024
- Individual clients · 213 to 187Jun 21, 2023 to Feb 22, 2024
- Pension plan clients · 10 to 6Jun 21, 2023 to Feb 22, 2024
- Assets in custody · $73.9M to $89.1MJun 21, 2023 to Feb 22, 2024
- Employees · 11 to 10Jun 21, 2023 to Feb 22, 2024
Signals
2 dated events
- Michael Francis Heffernan (Chairman Of The Board) appeared on Schedule A of H•••••••• A•••••••• I•••Jun 15, 2023 · Control person joined · fact
- Alexander Blake Thibault (Director) appeared on Schedule A of H•••••••• A•••••••• I•••Jun 15, 2023 · Control person joined · 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/heffernan-financialreportedpublic record, Form ADV, Sep 18, 2026
- Website
- H••••••••FINANCIAL.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 928-774-9598reportedpublic record, Form ADV, Aug 6, 2026
- Contact form
- HEFFERNANFINANCIAL.COM/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- HEFFERNANFINANCIAL.COM/our-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
- $51.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026