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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Former SEC-registered adviser

L••••••••• W••••• M•••••••••

Former SEC-registered adviserNew Market, MarylandCRD 118060SEC 801-68468IAPD
Legal name L••••••••• F•••••••• A•••••••• I•••
Latest filing Jun 15, 2021
First filing on the tape Feb 3, 2012 · 37 filings
RAUM
$462M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$462M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
15
10 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
37 filings and snapshots on the tape
RAUM$462M as of Mar 1, 2021
Feb 3, 2012$130M then
HNW client RAUM$272M as of Mar 1, 2021
Jan 23, 2018$104M then
State-registered IARs (5.B.3)10 as of Mar 1, 2021
Feb 3, 20120 then
Employees (5.A)15 as of Mar 1, 2021
Mar 20, 20135 then
Private funds: no history
RAUM +38% over the last fiscal year+14% a year over threeIARs 10 to 10offices 1 to 2
Practice profile
derived from the filing of Jun 15, 2021; every figure names its basis
RAUM per advisor
$46.2MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
61derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.9MderivedHNW RAUM over HNW clients
Average account
$184,156derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
3.3derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+38%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+19%derived
Compensation
percentage of assets, hourly, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
Wrap fee program
$462MreportedItem 5.I
Custody
$5.8M, 28 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$272M59%
  • Individuals$190M41%
Individual clients
474reported
HNW clients
140reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2,508reported
Financial planning clients
251-500reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$5.8M for 28 clientsreported
Compensation
% of AUM, fixed, hourlyreported
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
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • B•••••• H••••• L••••••• · Secretarycontrol
      since 04/2012 · owns 5% to 10%
    • K••••••••• E•••••• S• · Chief Compliance Officer, Treasurercontrol
      since 04/2012 · owns 10% to 25%
    • K••••••••• T•••••• M•••••• · Presidentcontrol
      since 01/2000 · owns 25% to 50%
    • W•••••• A•••••• P••• · Vice Presidentcontrol
      since 01/2000 · owns 25% to 50%
    Related persons
    Schedule D 7.A
    • B•••• A• W•••••••••
      n
    • L••••••••• T•• S•••••••• L••
      insurancen
    Offices
    Schedule D 1.F, the 25 largest
    • , 1 employees
    What changed
    consecutive filings, newest first
    • Insurance-licensed employees · 0 to 1
      Mar 1, 2021 to Jun 15, 2021
    • Accounts · 2,061 to 2,508
      Jan 5, 2021 to Mar 1, 2021
    • HNW clients · 95 to 140
      Jan 5, 2021 to Mar 1, 2021
    • Individual clients · 420 to 474
      Jan 5, 2021 to Mar 1, 2021
    • Assets in custody · $39.4M to $5.8M
      Jan 5, 2021 to Mar 1, 2021
    • Discretionary RAUM · $334M to $462M
      Jan 5, 2021 to Mar 1, 2021
    • HNW RAUM · $173M to $272M
      Jan 5, 2021 to Mar 1, 2021
    • Individual RAUM · $162M to $190M
      Jan 5, 2021 to Mar 1, 2021
    • RAUM · $334M to $462M
      Jan 5, 2021 to Mar 1, 2021
    • Other offices · 1 to 2
      Sep 15, 2020 to Jan 5, 2021
    • Accounts · 1,999 to 2,061
      Oct 17, 2019 to Feb 14, 2020
    • Advisory employees · 7 to 10
      Oct 17, 2019 to Feb 14, 2020
    • HNW clients · 102 to 95
      Oct 17, 2019 to Feb 14, 2020
    • Individual clients · 428 to 420
      Oct 17, 2019 to Feb 14, 2020
    • Assets in custody · unset to 39375074.0
      Oct 17, 2019 to Feb 14, 2020
    • Custody of client assets · false to true
      Oct 17, 2019 to Feb 14, 2020
    • Employees · 12 to 15
      Oct 17, 2019 to Feb 14, 2020
    • State-registered IARs · 7 to 10
      Oct 17, 2019 to Feb 14, 2020
    • Other offices · 0 to 1
      Oct 17, 2019 to Feb 14, 2020
    • Discretionary RAUM · $300M to $334M
      Oct 17, 2019 to Feb 14, 2020
    • HNW RAUM · $182M to $173M
      Oct 17, 2019 to Feb 14, 2020
    • Individual RAUM · $121M to $162M
      Oct 17, 2019 to Feb 14, 2020
    • Non-discretionary RAUM · $2.9M to $0
      Oct 17, 2019 to Feb 14, 2020
    • RAUM · $303M to $334M
      Oct 17, 2019 to Feb 14, 2020
    • Advisory employees · 6 to 7
      Feb 4, 2019 to Oct 17, 2019
    • BD registered reps · 4 to 1
      Feb 4, 2019 to Oct 17, 2019
    • State-registered IARs · 6 to 7
      Feb 4, 2019 to Oct 17, 2019
    • Accounts · 1,841 to 1,999
      Aug 16, 2018 to Feb 4, 2019
    • HNW clients · 73 to 102
      Aug 16, 2018 to Feb 4, 2019
    • Individual clients · 362 to 428
      Aug 16, 2018 to Feb 4, 2019
    • Employees · 11 to 12
      Aug 16, 2018 to Feb 4, 2019
    • Discretionary RAUM · $309M to $300M
      Aug 16, 2018 to Feb 4, 2019
    • HNW RAUM · $104M to $182M
      Aug 16, 2018 to Feb 4, 2019
    • Individual RAUM · $209M to $121M
      Aug 16, 2018 to Feb 4, 2019
    • Non-discretionary RAUM · $3.7M to $2.9M
      Aug 16, 2018 to Feb 4, 2019
    • RAUM · $313M to $303M
      Aug 16, 2018 to Feb 4, 2019
    • Wrap assets (manager) · $233M to $0
      Jan 23, 2018 to Feb 26, 2018
    • Accounts · 1,730 to 1,841
      Jun 7, 2017 to Jan 23, 2018
    • Advisory employees · 7 to 6
      Jun 7, 2017 to Jan 23, 2018
    • HNW clients · unset to 73.0
      Jun 7, 2017 to Jan 23, 2018
    Signals
    1 dated events
    • L••••••••• W••••• M••••••••• reported RAUM $461.9M, up 38% from $334.3M (2021-01-05 to 2021-03-01)
      Mar 1, 2021 · RAUM change · derived
    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