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

B••••• E•••••• W••••

Independent wealth managerWalnut Creek, CaliforniaCRD 118376SEC 801-68890websiteIAPD
Latest filing Jul 29, 2026
First filing on the tape Mar 20, 2012 · 32 filings
SEC status approved since Mar 11, 2008
RAUM
$1.6B
reported, Item 5.F
Discretionary
91%
of RAUM
Private clients
89%
$1.4B individuals and HNW
Advisors
12
registered through the firm on IAPD
RAUM per advisor
$129M
derived; firm RAUM over IAPD count
Employees
19
11 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$1.6B as of Jul 29, 2026
Mar 20, 2012$188M then
HNW client RAUM$1.3B as of Jul 29, 2026
Mar 29, 2018$475M then
State-registered IARs (5.B.3)11 as of Jul 29, 2026
Mar 20, 20120 then
Employees (5.A)19 as of Jul 29, 2026
Feb 6, 20136 then
Private funds: no history
RAUM +25% over the last fiscal year+19% a year over threeIARs 11 to 11
Practice profile
derived from the filing of Jul 29, 2026; every figure names its basis
Archetypes, each a printed rule
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
  • 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
RAUM per advisor
$129MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
51derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.4MderivedHNW RAUM over HNW clients
Average account
$660,878derivedRAUM over accounts (5.F.2.f)
Discretionary
91%derivedof RAUM
Institutional
10%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.6derivedItem 5.A over advisors
Advisors per office
12.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+25%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+0.3%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
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)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.3B82%
  • Pension and profit-sharing plans$161M10%
  • Individuals$109M7.0%
  • Corporations and businesses$3.9M0.3%
Individual clients
241reported
HNW clients
371reported
Pension plan clients
40reported
Charitable clients
0reported
Accounts
2,350reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.89 fund_share=0.0 institutional_share=0.1 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
12 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
P•••• M•••••• B•••••Chartered Financial ConsultantWalnut C••••, CaMay 8, 200239 y1
J••••• A••• W••••Certified Financial PlannerWalnut C••••, CaJan 1, 200821 y1
R••••• D••••• E••••••Certified Financial PlannerWalnut C••••, CaJul 7, 201143 y1
B••••••• R••• P•••••Walnut C••••, CaMar 26, 201412 y1
K•••• M•••••• R••••••Certified Financial PlannerWalnut C••••, CaFeb 7, 201915 y0
C••••••••• S•••••• H•••••Certified Financial PlannerWalnut C••••, CaNov 20, 202020 y1
S••••• I•••• K•••••Walnut C••••, CaOct 15, 202110 y0
A••• K••• S••••••••Walnut C••••, CaSep 9, 202211 y0
A•••• C••••• K••••••••Walnut C••••, CaJul 31, 202414 y1
D•••• A•••••• E••••••••Certified Financial PlannerWalnut C••••, CaJan 1, 202515 y3
G••••• D• H•••Walnut C••••, CaSep 17, 202511 y1
E••••• D••••• B•••••••Walnut C••••, CaJul 28, 202613 y0
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 headcount2 left over 36 months
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • B•••••• P••••• M•••••• · Presidentcontrol
    since 01/2010 · owns 75% or more of Pmb Asset Managment
  • E••••••• R•••••• D••••• · Presidentcontrol
    since 01/2010 · owns 75% or more of R•• A•••• M•••••••••
  • P•••••• B•••••••• R••• · Ownercontrol
    since 04/2021 · owns 75% or more of B•• A•••• M•••••••••
  • W••••• J•••••• A••• · Presidentcontrol
    since 01/2010 · owns 75% or more of J•• A•••• M•••••••••
  • P•••••• B•••••••• R••• · Chief Compliance Officer
    since 01/2015 · owns less than 5%
  • H•••••• C••••••••• S•••••• · Owner
    since 04/2024 · owns 75% or more of C•• A•••• M•••••••••
  • M••••••• K••••• M•••• · Owner
    since 04/2024 · owns 75% or more of K•• A•••• M••••••••• I•••
Entity owners
  • J•• A•••• M••••••••• · Partner
    direct · owns 25% to 50%
  • P•• A•••• M••••••••• · Partner
    direct · owns 25% to 50%
  • R•• A•••• M••••••••• · Partner
    direct · owns 25% to 50%
  • B•• A•••• M••••••••• · Partner
    direct · owns 10% to 25%
  • C•• A•••• M••••••••• · Partner
    direct · owns less than 5%
  • K•• A•••• M••••••••• I••• · Partner
    direct · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Walnut C••••, Ca · principal1210
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
4 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Jul 29, 2026
    B•••••• P••••• M•••••• (PRESIDENT) left Schedule A between the filings of 2024-05-14 and 2026-07-29
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Jul 29, 2026
    W••••• J•••••• A••• (PRESIDENT) left Schedule A between the filings of 2024-05-14 and 2026-07-29
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Jul 29, 2026
    E••••••• R•••••• D••••• (PRESIDENT) left Schedule A between the filings of 2024-05-14 and 2026-07-29
    peers: independent wealth managers, $1B to $5B (1,362)
  • account count surgeChange between filings · filing Mar 23, 2026
    accounts (Item 5.F.2.f) moved from 644.0 to 2,350.0 (+265.0%) between the annual amendments of 2025-02-19 and 2026-03-23; the peer median change was +6.0% (1206 comparable advisers, 99.0th percentile of changes)
    peers: independent wealth managers, $1B to $5B (1,206) · 99% percentile
What changed
consecutive filings, newest first
  • Accounts · 644 to 2,350
    Feb 19, 2025 to Mar 23, 2026
  • Charity clients · unset to 0.0
    Feb 19, 2025 to Mar 23, 2026
  • Corporate clients · 7.0 to unset
    Feb 19, 2025 to Mar 23, 2026
  • HNW clients · 344 to 371
    Feb 19, 2025 to Mar 23, 2026
  • Individual clients · 266 to 241
    Feb 19, 2025 to Mar 23, 2026
  • Pension plan clients · 25 to 40
    Feb 19, 2025 to Mar 23, 2026
  • Employees · 17 to 19
    Feb 19, 2025 to Mar 23, 2026
  • Discretionary RAUM · $1.1B to $1.4B
    Feb 19, 2025 to Mar 23, 2026
  • HNW RAUM · $1.0B to $1.3B
    Feb 19, 2025 to Mar 23, 2026
  • Individual RAUM · $106M to $109M
    Feb 19, 2025 to Mar 23, 2026
  • Non-discretionary RAUM · $124M to $145M
    Feb 19, 2025 to Mar 23, 2026
  • Pension RAUM · $124M to $161M
    Feb 19, 2025 to Mar 23, 2026
  • RAUM · $1.2B to $1.6B
    Feb 19, 2025 to Mar 23, 2026
  • Accounts · 638 to 644
    May 14, 2024 to Feb 19, 2025
  • Advisory employees · 10 to 11
    May 14, 2024 to Feb 19, 2025
  • Corporate clients · unset to 7.0
    May 14, 2024 to Feb 19, 2025
  • HNW clients · 339 to 344
    May 14, 2024 to Feb 19, 2025
  • Individual clients · 257 to 266
    May 14, 2024 to Feb 19, 2025
  • Pension plan clients · 24 to 25
    May 14, 2024 to Feb 19, 2025
  • Assets in custody · 8364820.0 to unset
    May 14, 2024 to Feb 19, 2025
  • Custody of client assets · true to false
    May 14, 2024 to Feb 19, 2025
  • Employees · 16 to 17
    May 14, 2024 to Feb 19, 2025
  • Financial planning clients · 251-500 to 251-500
    May 14, 2024 to Feb 19, 2025
  • State-registered IARs · 10 to 11
    May 14, 2024 to Feb 19, 2025
  • Discretionary RAUM · $1.0B to $1.1B
    May 14, 2024 to Feb 19, 2025
  • HNW RAUM · $914M to $1.0B
    May 14, 2024 to Feb 19, 2025
  • Individual RAUM · $103M to $106M
    May 14, 2024 to Feb 19, 2025
  • Non-discretionary RAUM · $110M to $124M
    May 14, 2024 to Feb 19, 2025
  • Pension RAUM · $110M to $124M
    May 14, 2024 to Feb 19, 2025
  • RAUM · $1.1B to $1.2B
    May 14, 2024 to Feb 19, 2025
  • Accounts · 1,668 to 638
    Mar 22, 2023 to Mar 22, 2024
  • HNW clients · 445 to 339
    Mar 22, 2023 to Mar 22, 2024
  • Individual clients · 132 to 257
    Mar 22, 2023 to Mar 22, 2024
  • Pension plan clients · 20 to 24
    Mar 22, 2023 to Mar 22, 2024
  • Assets in custody · $9.2M to $8.4M
    Mar 22, 2023 to Mar 22, 2024
  • Employees · 17 to 16
    Mar 22, 2023 to Mar 22, 2024
  • Discretionary RAUM · $826M to $1.0B
    Mar 22, 2023 to Mar 22, 2024
  • HNW RAUM · $804M to $914M
    Mar 22, 2023 to Mar 22, 2024
  • Individual RAUM · $18.3M to $103M
    Mar 22, 2023 to Mar 22, 2024
  • Non-discretionary RAUM · $96.4M to $110M
    Mar 22, 2023 to Mar 22, 2024
Signals
2 dated events
  • T••••• D•••• O•••• left B••••• E•••••• W•••• for R••• E•••• M•••••• P•••••• L•• (registered 2025-04-02)
    Mar 7, 2025 · Advisor changed firm · fact
  • M••••• A••• H••••• left B••••• E•••••• W•••• for M•••••• C•••• C•••••• P•••••••• I••• (registered 2024-06-12)
    Jan 31, 2024 · Advisor changed firm · 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
925-932-8010reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/burton-enright-welch/aboutreportedpublic record, Form ADV, Sep 18, 2026
Website
H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
(925) 932-8010reportedpublic record, Form ADV, Jul 29, 2026
Contact form
bewinvest.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
Team page
bewinvest.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
$129Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026