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
The Enterprise Investment Company
Latest filing Apr 29, 2026
First filing on the tape Jul 21, 2015 · 18 filings
SEC status approved since Jul 24, 2015
RAUM
$607M
reported, Item 5.F
Discretionary
84%
of RAUM
Private clients
93%
$564M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$304M
derived; firm RAUM over IAPD count
Employees
7
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$607M as of Apr 29, 2026
Apr 29, 2016$140M then
HNW client RAUM$564M as of Apr 29, 2026
Apr 30, 2018$163M then
State-registered IARs (5.B.3)3 as of Apr 29, 2026
Apr 29, 20163 then
Employees (5.A)7 as of Apr 29, 2026
Apr 29, 20163 then
Private funds: no history
RAUM +27% over the last fiscal year+26% a year over threeIARs 2 to 3
Practice profile
derived from the filing of Apr 29, 2026; every figure names its basis
Archetypes, each a printed rule
- Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $304MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $709,245derivedHNW RAUM over HNW clients
- Average account
- $548,908derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 84%derivedof RAUM
- Institutional
- 7.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +27%derivedbetween the last two annual amendments
- Advisor growth, one year
- +50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
- Financial planning clients
- 800reportedItem 5.H
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$564M93%
- Pension and profit-sharing plans$43.2M7.1%
- Individual clients
- n/areported
- HNW clients
- 795reported
- Pension plan clients
- 46reported
- Charitable clients
- n/areported
- Accounts
- 1,106reported
- Financial planning clients
- 800reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.93 fund_share=0.0 institutional_share=0.07 related_bd=true related_bank=false bd_reps=7.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Norman Arthur PappasChartered Financial Consultant | Farmington Hills, Mi | May 26, 2010 | 44 y | 0 |
| Gil J Feldman | Farmington Hills, Mi | May 26, 2010 | 21 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
- Daren Bahr Shavell to Centennial Securities Company IncMay 12, 2014 · Other
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- John Andrew Marra · Comptrollercontrolsince 01/2014 · owns 10% to 25%
- Arthur Norman Pappas · President & Chief Compliance Officercontrolsince 06/1985 · owns 75% or more
- J Edward Albers · Director Of Insurancesince 01/2014 · owns 10% to 25%
- J Gil Feldman · Director Of Investmentssince 01/2014 · owns 10% to 25%
- John Adam Offerman · Registered Representativesince 09/2015 · owns less than 5%
Related persons
Schedule D 7.A
- Napco Increal estaten
- The Enterprise Securities Companybroker-dealern
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Farmington Hills, Mi · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,027 to 1,106Aug 28, 2025 to Apr 29, 2026
- HNW clients · 367 to 795Aug 28, 2025 to Apr 29, 2026
- Financial planning clients · 251-500 to More than 500Aug 28, 2025 to Apr 29, 2026
- State-registered IARs · 2 to 3Aug 28, 2025 to Apr 29, 2026
- Discretionary RAUM · $357M to $507MAug 28, 2025 to Apr 29, 2026
- HNW RAUM · $436M to $564MAug 28, 2025 to Apr 29, 2026
- Non-discretionary RAUM · $123M to $99.7MAug 28, 2025 to Apr 29, 2026
- RAUM · $480M to $607MAug 28, 2025 to Apr 29, 2026
- Accounts · 413 to 1,027Apr 22, 2024 to Apr 25, 2025
- HNW clients · 174 to 367Apr 22, 2024 to Apr 25, 2025
- Pension plan clients · 59 to 46Apr 22, 2024 to Apr 25, 2025
- Financial planning clients · 251-500 to 251-500Apr 22, 2024 to Apr 25, 2025
- Discretionary RAUM · $316M to $357MApr 22, 2024 to Apr 25, 2025
- HNW RAUM · $401M to $436MApr 22, 2024 to Apr 25, 2025
- Non-discretionary RAUM · $116M to $123MApr 22, 2024 to Apr 25, 2025
- Pension RAUM · $31.2M to $43.2MApr 22, 2024 to Apr 25, 2025
- RAUM · $433M to $480MApr 22, 2024 to Apr 25, 2025
- Accounts · 367 to 413Sep 21, 2023 to Apr 22, 2024
- HNW clients · 161 to 174Sep 21, 2023 to Apr 22, 2024
- Pension plan clients · 73 to 59Sep 21, 2023 to Apr 22, 2024
- Discretionary RAUM · $259M to $316MSep 21, 2023 to Apr 22, 2024
- HNW RAUM · $329M to $401MSep 21, 2023 to Apr 22, 2024
- Non-discretionary RAUM · $109M to $116MSep 21, 2023 to Apr 22, 2024
- Pension RAUM · $38.9M to $31.2MSep 21, 2023 to Apr 22, 2024
- RAUM · $368M to $433MSep 21, 2023 to Apr 22, 2024
- Accounts · 920 to 367Jun 10, 2022 to Apr 28, 2023
- HNW clients · 349 to 161Jun 10, 2022 to Apr 28, 2023
- Pension plan clients · 69 to 73Jun 10, 2022 to Apr 28, 2023
- Discretionary RAUM · $225M to $259MJun 10, 2022 to Apr 28, 2023
- HNW RAUM · $269M to $329MJun 10, 2022 to Apr 28, 2023
- Non-discretionary RAUM · $80.0M to $109MJun 10, 2022 to Apr 28, 2023
- Pension RAUM · $35.9M to $38.9MJun 10, 2022 to Apr 28, 2023
- RAUM · $305M to $368MJun 10, 2022 to Apr 28, 2023
- Advisory employees · 8 to 7Apr 28, 2022 to Jun 10, 2022
- BD registered reps · 8 to 7Apr 28, 2022 to Jun 10, 2022
- Employees · 8 to 7Apr 28, 2022 to Jun 10, 2022
- Accounts · 846 to 920Apr 28, 2021 to Apr 28, 2022
- Advisory employees · 7 to 8Apr 28, 2021 to Apr 28, 2022
- BD registered reps · 7 to 8Apr 28, 2021 to Apr 28, 2022
- HNW clients · 272 to 349Apr 28, 2021 to Apr 28, 2022
Signals
2 dated events
- The Enterprise Investment Company reported RAUM $607.1M, up 27% from $479.6M (2025-08-28 to 2026-04-29)Apr 29, 2026 · RAUM change · derived
- The Enterprise Investment Company filed its initial SEC registration (Form ADV)Jul 21, 2015 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- The Enterprise Investment Company · Private Equityshared crd · intermediary
How to reach
public business contact points only, each with its source
- Business email
- strategicrelationships@pappasfinancial.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 248-539-8282reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 248-539-8283reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- PAPPASFINANCIAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 248-539-8282reportedpublic record, Form ADV, Apr 29, 2026
- Contact form
- pappasfinancial.com/contact-usreportedpublished by the firm, firm site, Sep 16, 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
- $304Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026
Across the graphs
The Enterprise Investment Company 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…