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
Fuhrman Management Associates, Inc.
Latest filing Mar 12, 2024
First filing on the tape Dec 19, 2011 · 15 filings
SEC status approved since Apr 14, 2004
RAUM
$249M
reported, Item 5.F
Discretionary
91%
of RAUM
Private clients
99%
$247M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$249M as of Mar 12, 2024
Mar 13, 2012$184M then
HNW client RAUM$216M as of Mar 12, 2024
Mar 12, 2020$211M then
State-registered IARs (5.B.3)2 as of Mar 12, 2024
Mar 13, 20120 then
Employees (5.A)5 as of Mar 12, 2024
Mar 20, 20135 then
Private funds: no history
RAUM -3.8% over the last fiscal year+1.3% a year over threeIARs 3 to 2
Practice profile
derived from the filing of Mar 12, 2024; every figure names its basis
- RAUM per advisor
- $124MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 111derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.3MderivedHNW RAUM over HNW clients
- Average account
- $401,850derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 91%derivedof RAUM
- Institutional
- 0.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -3.8%derivedbetween the last two annual amendments
- Advisor growth, one year
- -33%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -16%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, otherreportedItem 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$216M87%
- Individuals$31.9M13%
- Charitable organizations$1.3M0.5%
- Individual clients
- 128reported
- HNW clients
- 93reported
- Pension plan clients
- 0reported
- Charitable clients
- 1reported
- Accounts
- 619reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- 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
- Susan Fuhrman-Holin to Nrp Financial, Inc.Mar 28, 2025 · Other
- Joshua Holin to Independent Financial PartnersDec 31, 2024 · RIA to affiliated broker-dealer or bank
- David Holin to Independent Financial PartnersDec 24, 2024 · RIA to affiliated broker-dealer or bank
- John Bernard Roeckel to Nrp Financial, Inc.Apr 6, 2023 · Other
- David A. Fuhrman to Nrp Financial, Inc.Nov 26, 2007 · Other
Joined, latest
- David A. Fuhrman from Nathan & Lewis Securities, Inc.Oct 29, 2002 · Other
- Susan Fuhrman-Holin from Nathan & Lewis Securities, Inc.Oct 24, 2002 · Other
- John Bernard Roeckel from Nathan & Lewis Securities, Inc.Oct 24, 2002 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for Independent Financial PartnersDec 24, 2024 · Fort Washington, Pa
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Mark Steven Fuhrman · Chief Financial Officercontrolsince 09/2004 · owns 25% to 50%
- Lee Susan Holin · Chief Compliance Officercontrolsince 09/2004 · owns 50% to 75%
- Samuel David Holin · Vice Presidentsince 12/2022 · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Fort Washington, Pa · principal | 0 | 0 | 0 | ||
| Ft Washington, Pa | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 300 to 619Feb 24, 2023 to Mar 12, 2024
- Advisory employees · 3 to 4Feb 24, 2023 to Mar 12, 2024
- HNW clients · 102 to 93Feb 24, 2023 to Mar 12, 2024
- Individual clients · 162 to 128Feb 24, 2023 to Mar 12, 2024
- State-registered IARs · 3 to 2Feb 24, 2023 to Mar 12, 2024
- Discretionary RAUM · $240M to $226MFeb 24, 2023 to Mar 12, 2024
- HNW RAUM · $221M to $216MFeb 24, 2023 to Mar 12, 2024
- Individual RAUM · $35.8M to $31.9MFeb 24, 2023 to Mar 12, 2024
- Non-discretionary RAUM · $18.9M to $22.8MFeb 24, 2023 to Mar 12, 2024
- RAUM · $259M to $249MFeb 24, 2023 to Mar 12, 2024
- Accounts · 728 to 300Mar 17, 2022 to Feb 24, 2023
- Advisory employees · 4 to 3Mar 17, 2022 to Feb 24, 2023
- Charity clients · 0 to 1Mar 17, 2022 to Feb 24, 2023
- HNW clients · 92 to 102Mar 17, 2022 to Feb 24, 2023
- Individual clients · 139 to 162Mar 17, 2022 to Feb 24, 2023
- Employees · 4 to 5Mar 17, 2022 to Feb 24, 2023
- State-registered IARs · 4 to 3Mar 17, 2022 to Feb 24, 2023
- Discretionary RAUM · $262M to $240MMar 17, 2022 to Feb 24, 2023
- HNW RAUM · $250M to $221MMar 17, 2022 to Feb 24, 2023
- Individual RAUM · $36.9M to $35.8MMar 17, 2022 to Feb 24, 2023
- Non-discretionary RAUM · $26.1M to $18.9MMar 17, 2022 to Feb 24, 2023
- RAUM · $288M to $259MMar 17, 2022 to Feb 24, 2023
- Accounts · 612 to 728Mar 30, 2021 to Mar 17, 2022
- BD registered reps · 1 to 0Mar 30, 2021 to Mar 17, 2022
- Charity clients · 1 to 0Mar 30, 2021 to Mar 17, 2022
- Discretionary RAUM · $239M to $262MMar 30, 2021 to Mar 17, 2022
- HNW RAUM · $203M to $250MMar 30, 2021 to Mar 17, 2022
- Individual RAUM · $35.3M to $36.9MMar 30, 2021 to Mar 17, 2022
- Non-discretionary RAUM · $0 to $26.1MMar 30, 2021 to Mar 17, 2022
- RAUM · $239M to $288MMar 30, 2021 to Mar 17, 2022
- Accounts · 624 to 612Jun 27, 2020 to Mar 30, 2021
- HNW clients · 119 to 92Jun 27, 2020 to Mar 30, 2021
- Individual clients · 108 to 139Jun 27, 2020 to Mar 30, 2021
- Pension plan clients · unset to 0.0Jun 27, 2020 to Mar 30, 2021
- Discretionary RAUM · $239M to $239MJun 27, 2020 to Mar 30, 2021
- HNW RAUM · $211M to $203MJun 27, 2020 to Mar 30, 2021
- Individual RAUM · $27.2M to $35.3MJun 27, 2020 to Mar 30, 2021
- Non-discretionary RAUM · $18.2M to $0Jun 27, 2020 to Mar 30, 2021
- Pension RAUM · unset to 0.0Jun 27, 2020 to Mar 30, 2021
- Pooled vehicle RAUM · unset to 0.0Jun 27, 2020 to Mar 30, 2021
Signals
6 dated events
- Fuhrman Management Associates, Inc. no longer on the SEC adviser roster (last listed 2025-03-06, RAUM $248.7M)May 2, 2025 · Left the SEC roster · derived
- Susan Fuhrman-Holin left Fuhrman Management Associates, Inc. for Nrp Financial, Inc. (registered 2004-03-26)Mar 28, 2025 · Advisor changed firm · fact
- Joshua Holin left Fuhrman Management Associates, Inc. for Independent Financial Partners (registered 2025-05-29)Dec 31, 2024 · Advisor changed firm · fact
- David Holin left Fuhrman Management Associates, Inc. for Independent Financial Partners (registered 2024-08-20)Dec 24, 2024 · Advisor changed firm · fact
- 2 advisors left Fuhrman Management Associates, Inc. (Fort Washington, PA) for Independent Financial Partners within 7 daysDec 24, 2024 · Team lift-out · derived
- John Bernard Roeckel left Fuhrman Management Associates, Inc. for Nrp Financial, Inc. (registered 2005-01-03)Apr 6, 2023 · 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.
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