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
Mustard Seed Wealth Management
Legal name Mustard Seed Financial, LLC
Latest filing Mar 4, 2026
First filing on the tape Mar 30, 2012 · 30 filings
SEC status approved since May 2, 2006
RAUM
$449M
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
94%
$424M individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$49.9M
derived; firm RAUM over IAPD count
Employees
10
9 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$449M as of Mar 4, 2026
Mar 30, 2012$114M then
HNW client RAUM$240M as of Mar 4, 2026
Mar 21, 2018$67.7M then
State-registered IARs (5.B.3)9 as of Mar 4, 2026
Mar 15, 20136 then
Employees (5.A)10 as of Mar 4, 2026
Mar 15, 20136 then
Private funds: no history
RAUM +8.7% over the last fiscal year+13% a year over threeIARs 8 to 9
Practice profile
derived from the filing of Mar 4, 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
- $49.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 75derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.6MderivedHNW RAUM over HNW clients
- Average account
- $277,234derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 96%derivedof RAUM
- Institutional
- 5.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.1derivedItem 5.A over advisors
- Advisors per office
- 1.5derived6 offices incl. principal (1.F.5)
- RAUM growth, one year
- +8.7%derivedbetween the last two annual amendments
- Advisor growth, one year
- +13%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.0%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, educational seminarsreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- 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$240M53%
- Individuals$184M41%
- Charitable organizations$22.0M4.9%
- Pension and profit-sharing plans$2.7M0.6%
- Corporations and businesses$395,6630.1%
- Individual clients
- 528reported
- HNW clients
- 151reported
- Pension plan clients
- 25reported
- Charitable clients
- 28reported
- Accounts
- 1,621reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.94 fund_share=0.0 institutional_share=0.06 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
9 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| James David AshbyCertified Financial Planner | Monroe, La | Feb 28, 2003 | 29 y | 0 |
| Bruce Thad ButterfieldCertified Financial Planner | El Dorado, Ar | May 5, 2005 | 21 y | 0 |
| Jonathan David BairdCertified Financial Planner | Magnolia, Ar | Aug 12, 2005 | 21 y | 0 |
| Zachary D. Talley | Magnolia, Ar | Feb 29, 2008 | 18 y | 0 |
| Angela Janet Glass | Magnolia, Ar | Jun 6, 2008 | 21 y | 0 |
| Minna Marjaana Green | Magnolia, Ar | Oct 6, 2014 | 27 y | 0 |
| Laurie Bryn Pinner | Hope, Ar | Nov 25, 2014 | 14 y | 0 |
| Kirk Vincent Reardon | Texarkana, Tx | Oct 28, 2024 | 11 y | 0 |
| Ashton Ray Yarbrough | El Dorado, Ar | Jan 30, 2026 | 10 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
none on the tape
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- David James Ashby · Managing Membercontrolsince 02/2005 · owns 10% to 25%
- David Jonathan Baird · Managing Membercontrolsince 01/2013 · owns 10% to 25%
- Thad Bruce Butterfield · Managing Membercontrolsince 01/2011 · owns 10% to 25%
- Janet Angela Glass · Managing Membercontrolsince 01/2011 · owns 10% to 25%
- Marjaana Minna Green · Membersince 07/2021 · owns 5% to 10%
- Noel Jennifer Milam · Member, Chief Compliance Officersince 04/2023 · owns 5% to 10%
- Bryn Laurie Pinner · Membersince 01/2017 · owns 5% to 10%
- D. Zachary Talley · Membersince 01/2017 · owns 5% to 10%
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 |
|---|---|---|---|---|---|
| Magnolia, Ar · principal | 8 | 1 | 0 | ||
| Hope, Ar | 3 | 0 | 0 | ||
| Texarkana, Tx | 3 | 0 | 0 | ||
| El Dorado, Ar | 2 | 1 | 0 | ||
| Monroe, La | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Monroe, LA4 employees
- Hope, AR2 employees
- El Dorado, AR1 employees
- Magnolia, AR1 employees
- Texarkana, TX1 employees
What changed
consecutive filings, newest first
- Accounts · 1,619 to 1,621Mar 11, 2025 to Mar 4, 2026
- Advisory employees · 8 to 9Mar 11, 2025 to Mar 4, 2026
- Corporate clients · unset to 2.0Mar 11, 2025 to Mar 4, 2026
- HNW clients · 148 to 151Mar 11, 2025 to Mar 4, 2026
- Individual clients · 531 to 528Mar 11, 2025 to Mar 4, 2026
- Pension plan clients · 28 to 25Mar 11, 2025 to Mar 4, 2026
- Financial planning clients · 51-100 to 101-250Mar 11, 2025 to Mar 4, 2026
- State-registered IARs · 8 to 9Mar 11, 2025 to Mar 4, 2026
- Discretionary RAUM · $397M to $431MMar 11, 2025 to Mar 4, 2026
- HNW RAUM · $226M to $240MMar 11, 2025 to Mar 4, 2026
- Individual RAUM · $162M to $184MMar 11, 2025 to Mar 4, 2026
- Non-discretionary RAUM · $16.7M to $18.2MMar 11, 2025 to Mar 4, 2026
- Pension RAUM · $3.5M to $2.7MMar 11, 2025 to Mar 4, 2026
- RAUM · $414M to $449MMar 11, 2025 to Mar 4, 2026
- Financial planning clients · 51-100 to 51-100Feb 20, 2025 to Mar 11, 2025
- Accounts · 1,617 to 1,619Oct 28, 2024 to Feb 20, 2025
- Advisory employees · 7 to 8Oct 28, 2024 to Feb 20, 2025
- Charity clients · 29 to 28Oct 28, 2024 to Feb 20, 2025
- Corporate clients · 2.0 to unsetOct 28, 2024 to Feb 20, 2025
- HNW clients · 140 to 148Oct 28, 2024 to Feb 20, 2025
- Individual clients · 537 to 531Oct 28, 2024 to Feb 20, 2025
- Pension plan clients · 29 to 28Oct 28, 2024 to Feb 20, 2025
- Employees · 9 to 10Oct 28, 2024 to Feb 20, 2025
- State-registered IARs · 7 to 8Oct 28, 2024 to Feb 20, 2025
- Discretionary RAUM · $350M to $397MOct 28, 2024 to Feb 20, 2025
- HNW RAUM · $201M to $226MOct 28, 2024 to Feb 20, 2025
- Individual RAUM · $140M to $162MOct 28, 2024 to Feb 20, 2025
- Non-discretionary RAUM · $14.5M to $16.7MOct 28, 2024 to Feb 20, 2025
- Pension RAUM · $3.8M to $3.5MOct 28, 2024 to Feb 20, 2025
- RAUM · $364M to $414MOct 28, 2024 to Feb 20, 2025
- Wrap assets (manager) · unset to 0.0Oct 28, 2024 to Feb 20, 2025
- Wrap assets (sponsor) · unset to 0.0Oct 28, 2024 to Feb 20, 2025
- Other offices · 4 to 5Sep 5, 2024 to Oct 28, 2024
- Accounts · 1,539 to 1,617Nov 21, 2023 to Feb 27, 2024
- Advisory employees · 10 to 7Nov 21, 2023 to Feb 27, 2024
- Corporate clients · 1 to 2Nov 21, 2023 to Feb 27, 2024
- HNW clients · 123 to 140Nov 21, 2023 to Feb 27, 2024
- Individual clients · 533 to 537Nov 21, 2023 to Feb 27, 2024
- Pension plan clients · 20 to 29Nov 21, 2023 to Feb 27, 2024
- Employees · 11 to 9Nov 21, 2023 to Feb 27, 2024
Signals
2 dated events
- Marjaana Minna Green (Managing Member) appeared on Schedule A of Mustard Seed Wealth ManagementMar 23, 2022 · Control person joined · fact
- Noel Jennifer Milam (Managing Member) appeared on Schedule A of Mustard Seed Wealth ManagementMar 26, 2019 · 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
- Business phone
- 870-864-0075reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 870-234-1618reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 870-777-8383reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/MUSTARD-SEED-WEALTH-MANAGEMENTreportedpublic record, Form ADV, Sep 17, 2026
- Website
- MSFWM.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 870-234-1618reportedpublic record, Form ADV, Mar 4, 2026
- Contact form
- msfwm.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- msfwm.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
- $49.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026