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
M••••••• S••••••••• L•••
Latest filing Aug 18, 2026
First filing on the tape Mar 19, 2012 · 13 filings
SEC status approved since Mar 5, 2021
RAUM
$140M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
98%
$137M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$69.8M
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$140M as of Aug 18, 2026
Mar 19, 2012$45.5M then
HNW client RAUM$108M as of Aug 18, 2026
Feb 11, 2022$101M then
State-registered IARs (5.B.3)2 as of Aug 18, 2026
Mar 19, 20120 then
Employees (5.A)2 as of Aug 18, 2026
Feb 11, 20222 then
Private funds: no history
RAUM -1.0% over the last fiscal year+6.1% a year over threeIARs 1 to 2
Practice profile
derived from the filing of Aug 18, 2026; 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $69.8MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 62derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.8MderivedHNW RAUM over HNW clients
- Average account
- $502,424derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -1.0%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -4.7%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 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
- 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$108M77%
- Individuals$29.0M21%
- Corporations and businesses$1.5M1.1%
- Charitable organizations$1.1M0.8%
- Individual clients
- 85reported
- HNW clients
- 38reported
- Pension plan clients
- 0reported
- Charitable clients
- 1reported
- Accounts
- 278reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.98 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| B•••• J•••• W•••••Certified Financial Planner, Personal Financial Specialist | Dayton, Oh | Mar 4, 2015 | 20 y | 0 |
| J•••• R• A•••• | Dayton, Oh | Jul 8, 2026 | 10 y | 0 |
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
none on the tape
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- C••••••• A••••••• A• · Membercontrolsince 01/2011 · owns 10% to 25%
- H••••• J••••• C••••••••• · Member/Secretary & Treasurercontrolsince 01/2004 · owns 25% to 50%
- L•••• M••••••• S•••• · Managing Member/Chief Compliance Officercontrolsince 09/1997 · owns 25% to 50%
- H•••••••• T•••• L• · Vice Presidentsince 12/2021 · owns 5% to 10%
- W•••••• B••••• J•••• · Membersince 07/2018 · owns 10% to 25%
Related persons
Schedule D 7.A
- M•••••• S• L•••insurancey
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Dayton, Oh · principal | 2 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Advisory employees · 1 to 2Mar 10, 2026 to Aug 18, 2026
- Employees · 1 to 2Mar 10, 2026 to Aug 18, 2026
- State-registered IARs · 1 to 2Mar 10, 2026 to Aug 18, 2026
- Accounts · 285 to 278Jan 20, 2026 to Feb 10, 2026
- Charity clients · 0 to 1Jan 20, 2026 to Feb 10, 2026
- Corporate clients · 0 to 1Jan 20, 2026 to Feb 10, 2026
- HNW clients · 43 to 38Jan 20, 2026 to Feb 10, 2026
- Individual clients · 86 to 85Jan 20, 2026 to Feb 10, 2026
- Financial planning clients · 0 to 1-10Jan 20, 2026 to Feb 10, 2026
- Discretionary RAUM · $141M to $140MJan 20, 2026 to Feb 10, 2026
- HNW RAUM · $117M to $108MJan 20, 2026 to Feb 10, 2026
- Individual RAUM · $24.0M to $29.0MJan 20, 2026 to Feb 10, 2026
- RAUM · $141M to $140MJan 20, 2026 to Feb 10, 2026
- Accounts · 142 to 285Feb 27, 2024 to Jan 14, 2025
- Advisory employees · 2 to 1Feb 27, 2024 to Jan 14, 2025
- HNW clients · 38 to 43Feb 27, 2024 to Jan 14, 2025
- Individual clients · 104 to 86Feb 27, 2024 to Jan 14, 2025
- Employees · 2 to 1Feb 27, 2024 to Jan 14, 2025
- Financial planning clients · 0 to 0Feb 27, 2024 to Jan 14, 2025
- State-registered IARs · 2 to 1Feb 27, 2024 to Jan 14, 2025
- Discretionary RAUM · $128M to $141MFeb 27, 2024 to Jan 14, 2025
- HNW RAUM · $93.4M to $117MFeb 27, 2024 to Jan 14, 2025
- Individual RAUM · $34.7M to $24.0MFeb 27, 2024 to Jan 14, 2025
- RAUM · $128M to $141MFeb 27, 2024 to Jan 14, 2025
- Accounts · 137 to 142Feb 10, 2023 to Feb 13, 2024
- HNW clients · 7 to 38Feb 10, 2023 to Feb 13, 2024
- Individual clients · 130 to 104Feb 10, 2023 to Feb 13, 2024
- Discretionary RAUM · $117M to $128MFeb 10, 2023 to Feb 13, 2024
- HNW RAUM · $41.5M to $93.4MFeb 10, 2023 to Feb 13, 2024
- Individual RAUM · $75.3M to $34.7MFeb 10, 2023 to Feb 13, 2024
- RAUM · $117M to $128MFeb 10, 2023 to Feb 13, 2024
- Accounts · 140 to 137Feb 11, 2022 to Feb 10, 2023
- HNW clients · 38 to 7Feb 11, 2022 to Feb 10, 2023
- Individual clients · 102 to 130Feb 11, 2022 to Feb 10, 2023
- Financial planning clients · 101-250 to 0Feb 11, 2022 to Feb 10, 2023
- Discretionary RAUM · $128M to $117MFeb 11, 2022 to Feb 10, 2023
- HNW RAUM · $101M to $41.5MFeb 11, 2022 to Feb 10, 2023
- Individual RAUM · $26.8M to $75.3MFeb 11, 2022 to Feb 10, 2023
- RAUM · $128M to $117MFeb 11, 2022 to Feb 10, 2023
- Accounts · 133 to 140Feb 1, 2022 to Feb 11, 2022
Signals
2 dated events
- Ray Michael Goldshot (Member/Vice President) no longer on Schedule A of M••••••• S••••••••• L••• (listed 2012-03-19, absent 2021-02-03)Feb 3, 2021 · Control person left · inference
- M••••••• S••••••••• L••• filed its initial SEC registration (Form ADV)Feb 3, 2021 · First SEC registration · 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
- Principal office phone
- 937-297-1140reportedpublic record, Form ADV, Aug 18, 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
- $69.8Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026