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
Madison Wealth Advisors, LLC
Latest filing Jun 7, 2023
First filing on the tape Apr 1, 2020 · 7 filings
RAUM
$222M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$222M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM$222M as of Mar 29, 2023
Mar 17, 2021$115M then
HNW client RAUM$199M as of Mar 29, 2023
Mar 17, 2021$89.8M then
State-registered IARs (5.B.3)2 as of Mar 29, 2023
Mar 17, 20212 then
Employees (5.A)4 as of Mar 29, 2023
Mar 17, 20213 then
Private funds: no history
RAUM +1.2% over the last fiscal yearIARs 2 to 2
Practice profile
derived from the filing of Jun 7, 2023; every figure names its basis
- RAUM per advisor
- $111MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 52derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.6MderivedHNW RAUM over HNW clients
- Average account
- $693,144derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +1.2%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -1.0%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $16.1M, 4 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$199M89%
- Individuals$23.2M10%
- Pension and profit-sharing plans$279,1770.1%
- Charitable organizations$83,7610.0%
- Individual clients
- 60reported
- HNW clients
- 43reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 321reported
- Financial planning clients
- n/areported
- Wrap fee programs
- noreported
- Custody of client assets
- $16.1M for 4 clientsreported
- Compensation
- % of AUMreported
- 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
- Douglas Francis Clark to Buckingham Strategic Wealth, LLCJul 28, 2023 · RIA to RIA
- William Ryan Smith to Buckingham Strategic Wealth, LLCJul 28, 2023 · RIA to RIA
Joined, latest
none on the tape
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for Buckingham Strategic Wealth, LLCJul 28, 2023 · Lees Summit, Mo
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Francis Douglas Clark · Managing Member & Chief Compliance Officercontrolsince 10/1998 · owns less than 5%
- Ryan William Smith · Ownercontrolsince 05/2023 · owns 10% to 25%
- Francis Douglas Clark · Ownercontrolsince 05/2023 · owns 75% or more of Mwa Newco, Inc.
Entity owners
- Mwa Newco, Inc. · Ownerdirect · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 302 to 321Mar 15, 2022 to Mar 29, 2023
- Charity clients · 1.0 to unsetMar 15, 2022 to Mar 29, 2023
- HNW clients · 42 to 43Mar 15, 2022 to Mar 29, 2023
- Individual clients · 62 to 60Mar 15, 2022 to Mar 29, 2023
- Pension plan clients · 4.0 to unsetMar 15, 2022 to Mar 29, 2023
- Assets in custody · $22.2M to $16.1MMar 15, 2022 to Mar 29, 2023
- Financial planning clients · 0 to unsetMar 15, 2022 to Mar 29, 2023
- Discretionary RAUM · $220M to $222MMar 15, 2022 to Mar 29, 2023
- HNW RAUM · $195M to $199MMar 15, 2022 to Mar 29, 2023
- Individual RAUM · $24.0M to $23.2MMar 15, 2022 to Mar 29, 2023
- Pension RAUM · $1.3M to $279,177Mar 15, 2022 to Mar 29, 2023
- RAUM · $220M to $222MMar 15, 2022 to Mar 29, 2023
- Related insurance company · true to falseMar 15, 2022 to Mar 29, 2023
- Accounts · 275 to 302Mar 17, 2021 to Mar 15, 2022
- Charity clients · unset to 1.0Mar 17, 2021 to Mar 15, 2022
- HNW clients · 28 to 42Mar 17, 2021 to Mar 15, 2022
- Pension plan clients · 2 to 4Mar 17, 2021 to Mar 15, 2022
- Assets in custody · unset to 22201127.0Mar 17, 2021 to Mar 15, 2022
- Custody of client assets · false to trueMar 17, 2021 to Mar 15, 2022
- Employees · 3 to 4Mar 17, 2021 to Mar 15, 2022
- Discretionary RAUM · $115M to $220MMar 17, 2021 to Mar 15, 2022
- HNW RAUM · $89.8M to $195MMar 17, 2021 to Mar 15, 2022
- Individual RAUM · $24.3M to $24.0MMar 17, 2021 to Mar 15, 2022
- Pension RAUM · $989,865 to $1.3MMar 17, 2021 to Mar 15, 2022
- RAUM · $115M to $220MMar 17, 2021 to Mar 15, 2022
- Accounts · 268 to 275Jun 10, 2020 to Mar 17, 2021
- HNW clients · 21 to 28Jun 10, 2020 to Mar 17, 2021
- Individual clients · 65 to 62Jun 10, 2020 to Mar 17, 2021
- Pension plan clients · 1 to 2Jun 10, 2020 to Mar 17, 2021
- Discretionary RAUM · $104M to $115MJun 10, 2020 to Mar 17, 2021
- HNW RAUM · $72.6M to $89.8MJun 10, 2020 to Mar 17, 2021
- Individual RAUM · $29.5M to $24.3MJun 10, 2020 to Mar 17, 2021
- Pension RAUM · $1.4M to $989,865Jun 10, 2020 to Mar 17, 2021
- RAUM · $104M to $115MJun 10, 2020 to Mar 17, 2021
Signals
6 dated events
- William Ryan Smith left Madison Wealth Advisors, Llc for Buckingham Strategic Wealth, Llc (registered 2023-07-28)Jul 28, 2023 · Advisor changed firm · fact
- Douglas Francis Clark left Madison Wealth Advisors, Llc for Buckingham Strategic Wealth, Llc (registered 2023-07-28)Jul 28, 2023 · Advisor changed firm · fact
- 2 advisors left Madison Wealth Advisors, LLC (Lees Summit, MO) for Buckingham Strategic Wealth, LLC on the same dayJul 28, 2023 · Team lift-out · derived
- Ryan William Smith (Owner) appeared on Schedule A of Madison Wealth Advisors, LlcJun 7, 2023 · Control person joined · fact
- Madison Wealth Advisors, Llc reported RAUM $220.0M, up 91% from $115.1M (2021-03-17 to 2022-03-15)Mar 15, 2022 · RAUM change · derived
- Madison Wealth Advisors, Llc filed its initial SEC registration (Form ADV)Apr 1, 2020 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
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