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
H••••••••• F•••••••• A•••••••• I•••
Latest filing Feb 4, 2026
First filing on the tape Jan 14, 2015 · 21 filings
SEC status approved since Jan 26, 2015
RAUM
$305M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$305M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$76.1M
derived; firm RAUM over IAPD count
Employees
6
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$305M as of Feb 4, 2026
Mar 19, 2015$128M then
HNW client RAUM$170M as of Feb 4, 2026
Mar 6, 2018$74.5M then
State-registered IARs (5.B.3)3 as of Feb 4, 2026
Mar 19, 20154 then
Employees (5.A)6 as of Feb 4, 2026
Mar 19, 20154 then
Private funds: no history
RAUM +7.7% over the last fiscal year+9.9% a year over threeIARs 4 to 3
Practice profile
derived from the filing of Feb 4, 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
- i••••••••• 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
- $76.1MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 105derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.7MderivedHNW RAUM over HNW clients
- Average account
- $487,990derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +7.7%derivedbetween the last two annual amendments
- Advisor growth, one year
- -25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -3.9%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
- 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$170M56%
- Individuals$134M44%
- Individual clients
- 323reported
- HNW clients
- 98reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 624reported
- Financial planning clients
- 51-100reported
- 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=4.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| R•••••• M•••• H•••••••••Certified Financial Planner, Chartered Financial Consultant | Timonium, Md | Jun 29, 1999 | 34 y | 0 |
| L••• A•• H•••••••••Certified Financial Planner, Chartered Financial Consultant | Timonium, Md | Feb 4, 2003 | 32 y | 1 |
| J•• T••••• A••• S•••••Certified Financial Planner | Timonium, Md | Mar 1, 2021 | 10 y | 1 |
| K•••••• L•••• M••••• | Timonium, Md | May 6, 2026 | 12 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 headcount1 left over 36 months
Left, latest
- K•••• R•••••• K•••• to I••••••••• A•••••• A•••••••• L••Aug 12, 2025 · Other
- J•••• C•••• to C••••••• P•••••••May 3, 2023 · RIA to RIA
- A•••••• P•••••• M•••••• to A••••••••• L•••Feb 21, 2018 · Other
- R••• S•••• A•••••• to L•• F•••••••• L••Aug 12, 2014 · Other
Joined, latest
- K•••••• L•••• M••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••May 6, 2026 · Wirehouse to independent RIA
- J•• T••••• A••• S••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Mar 1, 2021 · Wirehouse to independent RIA
- A•••••• P•••••• M•••••• from L•• F•••••••• L••Mar 24, 2016 · Other
- L••• A•• H••••••••• from C•••••• L••Feb 4, 2003 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- H••••••••• L•••• A•• · Vice Presidentcontrolsince 04/2005 · owns 25% to 50%
- H••••••••• R••••••• M•••• · President And Chief Compliance Officercontrolsince 07/1999 · 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 |
|---|---|---|---|---|---|
| Timonium, Md · principal | 4 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 648 to 624Mar 5, 2025 to Feb 4, 2026
- Advisory employees · 4 to 3Mar 5, 2025 to Feb 4, 2026
- BD registered reps · 5 to 4Mar 5, 2025 to Feb 4, 2026
- HNW clients · 94 to 98Mar 5, 2025 to Feb 4, 2026
- Individual clients · 344 to 323Mar 5, 2025 to Feb 4, 2026
- Employees · 7 to 6Mar 5, 2025 to Feb 4, 2026
- State-registered IARs · 4 to 3Mar 5, 2025 to Feb 4, 2026
- Discretionary RAUM · $283M to $305MMar 5, 2025 to Feb 4, 2026
- HNW RAUM · $159M to $170MMar 5, 2025 to Feb 4, 2026
- Individual RAUM · $124M to $134MMar 5, 2025 to Feb 4, 2026
- RAUM · $283M to $305MMar 5, 2025 to Feb 4, 2026
- Accounts · 658 to 648Oct 28, 2024 to Mar 5, 2025
- BD registered reps · 4 to 5Oct 28, 2024 to Mar 5, 2025
- HNW clients · 68 to 94Oct 28, 2024 to Mar 5, 2025
- Individual clients · 371 to 344Oct 28, 2024 to Mar 5, 2025
- Financial planning clients · 51-100 to 51-100Oct 28, 2024 to Mar 5, 2025
- Discretionary RAUM · $245M to $283MOct 28, 2024 to Mar 5, 2025
- HNW RAUM · $114M to $159MOct 28, 2024 to Mar 5, 2025
- Individual RAUM · $134M to $124MOct 28, 2024 to Mar 5, 2025
- Non-discretionary RAUM · $2.9M to $0Oct 28, 2024 to Mar 5, 2025
- RAUM · $248M to $283MOct 28, 2024 to Mar 5, 2025
- Accounts · 651 to 658Feb 6, 2023 to Feb 27, 2024
- Advisory employees · 5 to 4Feb 6, 2023 to Feb 27, 2024
- Advisory activities · 4 to 3Feb 6, 2023 to Feb 27, 2024
- BD registered reps · 5 to 4Feb 6, 2023 to Feb 27, 2024
- HNW clients · 59 to 68Feb 6, 2023 to Feb 27, 2024
- Individual clients · 409 to 371Feb 6, 2023 to Feb 27, 2024
- State-registered IARs · 5 to 4Feb 6, 2023 to Feb 27, 2024
- Discretionary RAUM · $227M to $245MFeb 6, 2023 to Feb 27, 2024
- HNW RAUM · $85.5M to $114MFeb 6, 2023 to Feb 27, 2024
- Individual RAUM · $144M to $134MFeb 6, 2023 to Feb 27, 2024
- Non-discretionary RAUM · $2.9M to $2.9MFeb 6, 2023 to Feb 27, 2024
- RAUM · $229M to $248MFeb 6, 2023 to Feb 27, 2024
- Accounts · 656 to 651Aug 26, 2022 to Feb 6, 2023
- HNW clients · 55 to 59Aug 26, 2022 to Feb 6, 2023
- Individual clients · 415 to 409Aug 26, 2022 to Feb 6, 2023
- State-registered IARs · 4 to 5Aug 26, 2022 to Feb 6, 2023
- Discretionary RAUM · $250M to $227MAug 26, 2022 to Feb 6, 2023
- HNW RAUM · $89.4M to $85.5MAug 26, 2022 to Feb 6, 2023
- Individual RAUM · $164M to $144MAug 26, 2022 to Feb 6, 2023
Signals
3 dated events
- K•••• R•••••• K•••• left H••••••••• F•••••••• A•••••••• I••• for I••••••••• A•••••• A•••••••• L•• (registered 2025-10-06)Aug 12, 2025 · a•••••• firm change · fact
- J•••• C•••• left H••••••••• F•••••••• A•••••••• I••• for C••••••• P••••••• (registered 2023-05-15)May 3, 2023 · a•••••• firm change · fact
- H••••••••• F•••••••• A•••••••• I••• filed its initial SEC registration (Form ADV)Jan 14, 2015 · 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
- Business phone
- 410-769-8249reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 410-769-8262reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/hergenroeder-financial-advisor/posts/?freportedpublic record, Form ADV, Sep 18, 2026
- Website
- w••.h•••••.netreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 410-769-8262reportedpublic record, Form ADV, Feb 4, 2026
- Team page
- h•••••.netreportedpublished 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
- $76.1Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026