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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
SEC-registered adviser
M••••••• C•••••• M•••••••••
Legal name M••••••• C•••••• M••••••••• L••
Latest filing Feb 25, 2026
First filing on the tape Mar 1, 2012 · 34 filings
SEC status approved since Feb 20, 2004
RAUM
$790M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
65%
$510M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$158M
derived; firm RAUM over IAPD count
Employees
7
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
34 filings and snapshots on the tape
RAUM$790M as of Feb 25, 2026
Mar 1, 2012$173M then
HNW client RAUM$485M as of Feb 25, 2026
Mar 27, 2018$333M then
State-registered IARs (5.B.3)5 as of Feb 25, 2026
Feb 27, 20130 then
Employees (5.A)7 as of Feb 25, 2026
Feb 27, 20132 then
Private funds: no history
RAUM +14% over the last fiscal year+8.3% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Feb 25, 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
- RAUM per advisor
- $158MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 56derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.7MderivedHNW RAUM over HNW clients
- Average account
- $1.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 35%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.4derivedItem 5.A over advisors
- Advisors per office
- 5.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Custody
- $220M, 10 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)
- 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$485M61%
- Charitable organizations$280M35%
- Individuals$24.2M3.1%
- Individual clients
- 99reported
- HNW clients
- 182reported
- Pension plan clients
- n/areported
- Charitable clients
- 5reported
- Accounts
- 668reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- $220M for 10 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.65 fund_share=0.0 institutional_share=0.35 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| A•••• M••••• B••••• | Hunt Valley, Md | Dec 2, 2016 | 44 y | 1 |
| E••••• G••••• H••• | Hunt Valley, Md | Jan 19, 2024 | 13 y | 1 |
| C••••••• M••••••• A•••• | Hunt Valley, Md | Jan 29, 2024 | 25 y | 1 |
| P•••••• T•••••• J•••• | Hunt Valley, Md | Aug 2, 2024 | 25 y | 0 |
| L•••• G••••• H••••• | Hunt Valley, Md | Jan 5, 2026 | 33 y | 1 |
Advisor movement
0 left, 1 joined in 12 months
net +1 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
- L•••• G••••• H••••• from B•••••••• C•••••• M••••••••• I•••Jan 5, 2026 · RIA to RIA
- C••••••• M••••••• A•••• from L••• M•••• W••• W•••••• I•••••••••Jan 29, 2024 · Other
- E••••• G••••• H••• from T••••• C•••••• M••••••••• L••Jan 19, 2024 · RIA to RIA
- A•••• M••••• B••••• from R•• C•••••• M••••••• L••Dec 2, 2016 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- A••••• C•••••••• M••••••• · Partnercontrolsince 07/2021 · owns 10% to 25%
- B•••••• A••••• M••••• · Presidentcontrolsince 01/2001 · owns 75% or more
- H•••• E•••••• G••••• · Partnercontrolsince 07/2023 · owns 5% to 10%
Related persons
Schedule D 7.A
- M••••••• M•••• P•••••••• L••investment adviserpooled vehicle sponsorn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Hunt Valley, Md · principal | 5 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
4 against comparable advisers; where to look, not conclusions
- wealth to institutional shiftCombination · filing Feb 25, 2026peers: independent wealth managers, $500M to $1B (1,482)
- institutional asset share shiftChange between filings · filing Feb 25, 2026institutional share of RAUM moved from 0.0% to 35.0% between the annual amendments of 2025-02-21 and 2026-02-25peers: independent wealth managers, $500M to $1B (1,482)
- client mix shiftChange between filings · filing Feb 25, 2026private-client share of RAUM moved from 100.0% to 65.0% between the annual amendments of 2025-02-21 and 2026-02-25peers: independent wealth managers, $500M to $1B (1,482)
- HNW share shiftChange between filings · filing Feb 25, 2026HNW share of RAUM moved from 100.0% to 61.0% between the annual amendments of 2025-02-21 and 2026-02-25peers: independent wealth managers, $500M to $1B (1,482)
What changed
consecutive filings, newest first
- Accounts · 683 to 668May 20, 2025 to Feb 25, 2026
- Advisory employees · 5 to 4May 20, 2025 to Feb 25, 2026
- Charity clients · unset to 5.0May 20, 2025 to Feb 25, 2026
- HNW clients · 289 to 182May 20, 2025 to Feb 25, 2026
- Individual clients · unset to 99.0May 20, 2025 to Feb 25, 2026
- Assets in custody · $208M to $220MMay 20, 2025 to Feb 25, 2026
- Employees · 8 to 7May 20, 2025 to Feb 25, 2026
- Financial planning clients · 1-10 to 26-50May 20, 2025 to Feb 25, 2026
- Discretionary RAUM · $694M to $790MMay 20, 2025 to Feb 25, 2026
- HNW RAUM · $692M to $485MMay 20, 2025 to Feb 25, 2026
- Individual RAUM · unset to 24222758.0May 20, 2025 to Feb 25, 2026
- RAUM · $694M to $790MMay 20, 2025 to Feb 25, 2026
- Financial planning clients · 1-10 to 1-10Feb 21, 2025 to May 20, 2025
- Accounts · 713 to 683Jan 6, 2025 to Feb 21, 2025
- HNW clients · 136 to 289Jan 6, 2025 to Feb 21, 2025
- Individual clients · 183.0 to unsetJan 6, 2025 to Feb 21, 2025
- Assets in custody · $193M to $208MJan 6, 2025 to Feb 21, 2025
- Discretionary RAUM · $677M to $694MJan 6, 2025 to Feb 21, 2025
- HNW RAUM · $612M to $692MJan 6, 2025 to Feb 21, 2025
- Individual RAUM · 64081351.0 to unsetJan 6, 2025 to Feb 21, 2025
- RAUM · $677M to $694MJan 6, 2025 to Feb 21, 2025
- Accounts · 677 to 713Dec 1, 2023 to Mar 14, 2024
- Advisory employees · 4 to 5Dec 1, 2023 to Mar 14, 2024
- HNW clients · 122 to 136Dec 1, 2023 to Mar 14, 2024
- Individual clients · 181 to 183Dec 1, 2023 to Mar 14, 2024
- Assets in custody · $343M to $193MDec 1, 2023 to Mar 14, 2024
- Employees · 6 to 8Dec 1, 2023 to Mar 14, 2024
- Discretionary RAUM · $622M to $677MDec 1, 2023 to Mar 14, 2024
- HNW RAUM · $553M to $612MDec 1, 2023 to Mar 14, 2024
- Individual RAUM · $66.3M to $64.1MDec 1, 2023 to Mar 14, 2024
- RAUM · $622M to $677MDec 1, 2023 to Mar 14, 2024
- Accounts · 646 to 677Oct 25, 2022 to Mar 1, 2023
- HNW clients · 113 to 122Oct 25, 2022 to Mar 1, 2023
- Individual clients · 148 to 181Oct 25, 2022 to Mar 1, 2023
- Assets in custody · $319M to $343MOct 25, 2022 to Mar 1, 2023
- Custody of client assets · false to trueOct 25, 2022 to Mar 1, 2023
- Discretionary RAUM · $700M to $622MOct 25, 2022 to Mar 1, 2023
- HNW RAUM · $642M to $553MOct 25, 2022 to Mar 1, 2023
- Individual RAUM · $54.9M to $66.3MOct 25, 2022 to Mar 1, 2023
- RAUM · $700M to $622MOct 25, 2022 to Mar 1, 2023
Signals
4 dated events
- G••••• E••••• H••• (Partner) appeared on Schedule A of M••••••• C•••••• M•••••••••Sep 7, 2023 · Control person joined · fact
- Marshall Clifford Athey (Partner) appeared on Schedule A of M••••••• C•••••• M•••••••••Mar 10, 2022 · Control person joined · fact
- Gordon James Kennedy (President) no longer on Schedule A of M••••••• C•••••• M••••••••• (listed 2020-11-13, absent 2021-03-04)Mar 4, 2021 · Control person left · inference
- M••••••• C•••••• M••••••••• reported RAUM $504.5M, up 48% from $341.7M (2019-10-24 to 2020-03-30)Mar 30, 2020 · 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.
How to reach
public business contact points only, each with its source
- Business email
- info@insidemarathon.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 410-329-1518reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 410-329-1522reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 410-329-1522reportedpublic record, Form ADV, Feb 25, 2026
- Contact form
- insidemarathon.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- insidemarathon.com/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
- $158Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026