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
Demming Financial Services Corp.
Latest filing Sep 26, 2025
First filing on the tape Mar 27, 2012 · 23 filings
SEC status approved since Jul 23, 2008
RAUM
$676M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$674M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$135M
derived; firm RAUM over IAPD count
Employees
11
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$676M as of Sep 26, 2025
Jan 7, 2013$96.3M then
HNW client RAUM$525M as of Sep 26, 2025
Sep 28, 2018$250M then
State-registered IARs (5.B.3)5 as of Sep 26, 2025
Jan 7, 20133 then
Employees (5.A)11 as of Sep 26, 2025
Jan 7, 20134 then
Private funds: no history
RAUM +34% over the last fiscal year+8.7% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Sep 26, 2025; 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
- 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
- $135MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 150derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.4MderivedHNW RAUM over HNW clients
- Average account
- $209,330derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.2derivedItem 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
- -5.7%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$525M78%
- Individuals$149M22%
- Pension and profit-sharing plans$1.9M0.3%
- Individual clients
- 536reported
- HNW clients
- 215reported
- Pension plan clients
- 1reported
- Charitable clients
- 0reported
- Accounts
- 3,228reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 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 |
|---|---|---|---|---|
| David William DemmingCertified Financial Planner | Aurora, Oh | Jan 1, 2000 | 47 y | 1 |
| David William DemmingCertified Financial Planner | Auroara, Oh | Apr 27, 2006 | 23 y | 1 |
| Kevin George CoholanCertified Financial Planner | Aurora, Oh | Nov 28, 2017 | 12 y | 0 |
| Jacob Thomas SmailCertified Financial Planner | Aurora, Oh | Jan 31, 2023 | 13 y | 0 |
| Ryan James Coulter | Aurora, Oh | Feb 10, 2023 | 10 y | 1 |
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
- Patrick Aaron Justice to Ellsworth Advisors, LLCNov 20, 2020 · RIA to RIA
Joined, latest
- Ryan James Coulter from Osaic Fa, Inc.Feb 10, 2023 · Affiliated broker-dealer or bank to independent RIA
- David William Demming from Coordinated Capital Securities, Inc.Apr 27, 2006 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- George Kevin Coholan · Chief Compliance Officercontrolsince 09/2021 · owns less than 5%
- William David Demming · Vice Presidentcontrolsince 12/2002 · owns 25% to 50%
- William David Demming · Presidentcontrolsince 09/1981 · owns 50% to 75%
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 |
|---|---|---|---|---|---|
| Aurora, Oh · principal | 4 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 2,897 to 3,228Sep 16, 2024 to Sep 26, 2025
- HNW clients · 159 to 215Sep 16, 2024 to Sep 26, 2025
- Individual clients · 534 to 536Sep 16, 2024 to Sep 26, 2025
- Employees · 12 to 11Sep 16, 2024 to Sep 26, 2025
- Financial planning clients · 251-500 to 251-500Sep 16, 2024 to Sep 26, 2025
- Discretionary RAUM · $575M to $676MSep 16, 2024 to Sep 26, 2025
- HNW RAUM · $424M to $525MSep 16, 2024 to Sep 26, 2025
- Individual RAUM · $150M to $149MSep 16, 2024 to Sep 26, 2025
- Pension RAUM · $1.4M to $1.9MSep 16, 2024 to Sep 26, 2025
- RAUM · $575M to $676MSep 16, 2024 to Sep 26, 2025
- Accounts · 2,710 to 2,897Sep 28, 2023 to Sep 16, 2024
- HNW clients · 158 to 159Sep 28, 2023 to Sep 16, 2024
- Individual clients · 577 to 534Sep 28, 2023 to Sep 16, 2024
- Discretionary RAUM · $504M to $575MSep 28, 2023 to Sep 16, 2024
- HNW RAUM · $358M to $424MSep 28, 2023 to Sep 16, 2024
- Individual RAUM · $144M to $150MSep 28, 2023 to Sep 16, 2024
- Pension RAUM · $1.2M to $1.4MSep 28, 2023 to Sep 16, 2024
- RAUM · $504M to $575MSep 28, 2023 to Sep 16, 2024
- Accounts · 2,433 to 2,710Sep 29, 2022 to Sep 28, 2023
- Advisory employees · 4 to 5Sep 29, 2022 to Sep 28, 2023
- HNW clients · 149 to 158Sep 29, 2022 to Sep 28, 2023
- Individual clients · 567 to 577Sep 29, 2022 to Sep 28, 2023
- Pension plan clients · 2 to 1Sep 29, 2022 to Sep 28, 2023
- State-registered IARs · 4 to 5Sep 29, 2022 to Sep 28, 2023
- Discretionary RAUM · $463M to $504MSep 29, 2022 to Sep 28, 2023
- HNW RAUM · $314M to $358MSep 29, 2022 to Sep 28, 2023
- Individual RAUM · $145M to $144MSep 29, 2022 to Sep 28, 2023
- Pension RAUM · $4.0M to $1.2MSep 29, 2022 to Sep 28, 2023
- RAUM · $463M to $504MSep 29, 2022 to Sep 28, 2023
- Accounts · 2,267 to 2,433Sep 28, 2021 to Sep 29, 2022
- HNW clients · 166 to 149Sep 28, 2021 to Sep 29, 2022
- Individual clients · 510 to 567Sep 28, 2021 to Sep 29, 2022
- Employees · 13 to 12Sep 28, 2021 to Sep 29, 2022
- Discretionary RAUM · $526M to $463MSep 28, 2021 to Sep 29, 2022
- HNW RAUM · $378M to $314MSep 28, 2021 to Sep 29, 2022
- Individual RAUM · $144M to $145MSep 28, 2021 to Sep 29, 2022
- Pension RAUM · $3.3M to $4.0MSep 28, 2021 to Sep 29, 2022
- RAUM · $526M to $463MSep 28, 2021 to Sep 29, 2022
- Accounts · 2,883 to 2,267Nov 20, 2020 to Sep 28, 2021
- Advisory employees · 5 to 4Nov 20, 2020 to Sep 28, 2021
Signals
4 dated events
- George Kevin Coholan (Chief Compliance Officer) appeared on Schedule A of Demming Financial Services Corp.Sep 28, 2021 · Control person joined · fact
- R Karen Bordonaro (Chief Compliance Officer) no longer on Schedule A of Demming Financial Services Corp. (listed 2020-11-20, absent 2021-09-28)Sep 28, 2021 · Control person left · inference
- Aaron Patrick Justice (Chief Compliance Officer) no longer on Schedule A of Demming Financial Services Corp. (listed 2020-09-30, absent 2020-11-20)Nov 20, 2020 · Control person left · inference
- R Karen Bordonaro (Chief Compliance Officer) appeared on Schedule A of Demming Financial Services Corp.Nov 20, 2020 · 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 email
- info@demmingfinancial.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 330-562-2122reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/demming-financialreportedpublic record, Form ADV, Sep 17, 2026
- Website
- DEMMINGFINANCIAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 330-562-2122reportedpublic record, Form ADV, Sep 26, 2025
- Contact form
- demmingfinancial.com/contact-usreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- demmingfinancial.com/our-teamreportedpublished by the firm, firm site, Sep 16, 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
- $135Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026