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
Mercadien Asset Management, LLC
Latest filing Mar 12, 2024
First filing on the tape Mar 29, 2012 · 22 filings
RAUM
$243M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$243M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$243M as of Mar 12, 2024
Mar 29, 2012$165M then
HNW client RAUM$187M as of Mar 12, 2024
Mar 13, 2018$153M then
State-registered IARs (5.B.3)5 as of Mar 12, 2024
Mar 21, 20134 then
Employees (5.A)5 as of Mar 12, 2024
Mar 21, 20135 then
Private funds: no history
RAUM +9.0% over the last fiscal year+0.3% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 12, 2024; every figure names its basis
- RAUM per advisor
- $48.6MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 27derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.3MderivedHNW RAUM over HNW clients
- Average account
- $426,316derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 5.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +9.0%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +1.5%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 advisers, educational seminars, otherreportedItem 5.G
- Wrap fee program
- $243MreportedItem 5.I
- Custody
- $37.9M, 6 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$187M77%
- Individuals$56.0M23%
- Individual clients
- 94reported
- HNW clients
- 43reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 570reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- $243M sponsored, $0 managedreported
- Custody of client assets
- $37.9M for 6 clientsreported
- 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
- Kenneth Alan Kamen to Cw Advisors, LLCDec 13, 2024 · RIA to RIA
- Reginald William Burroughs to Cw Advisors, LLCDec 13, 2024 · RIA to RIA
- Jared Michael Reilly to Cw Advisors, LLCDec 13, 2024 · RIA to RIA
- Emily Rose Kamen to Cw Advisors, LLCDec 13, 2024 · RIA to RIA
- Alan John Chapman to Janney Montgomery Scott LLCNov 10, 2011 · Other
- Heidi Sarah Hirsh to Retirement Advisory Services CorpDec 6, 2005 · Other
Joined, latest
- Emily Rose Kamen from RBC Capital Markets, LLCJan 6, 2021 · Affiliated broker-dealer or bank to independent RIA
- Alan John Chapman from Morgan StanleyJul 19, 2011 · Other
- Reginald William Burroughs from New England Securities CorporationMar 18, 2005 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 4 left for Cw Advisors, LLCDec 13, 2024 · Hamilton, Nj · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Louis Conrad Druker · Membercontrolsince 07/2000 · owns less than 5%
- Alan Kenneth Kamen · Chief Compliance Officercontrolsince 05/2005 · owns 25% to 50%
- Louis Conrad Druker · Membercontrolsince 07/2000 · owns 25% to 50% of The Mercadien Group, LLC
- Alan Kenneth Kamen · Membercontrolsince 08/2004 · owns 25% to 50% of Mercadien Asset Management, LLC
Entity owners
- Tmg2 · Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- Mercadien Pcinsurancey
- Mercadien Securities, LLCbroker-dealery
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Hamilton, Nj · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 579 to 570May 12, 2023 to Mar 12, 2024
- HNW clients · 44 to 43May 12, 2023 to Mar 12, 2024
- Individual clients · 91 to 94May 12, 2023 to Mar 12, 2024
- Assets in custody · $35.3M to $37.9MMay 12, 2023 to Mar 12, 2024
- Discretionary RAUM · $223M to $243MMay 12, 2023 to Mar 12, 2024
- HNW RAUM · $172M to $187MMay 12, 2023 to Mar 12, 2024
- Individual RAUM · $51.0M to $56.0MMay 12, 2023 to Mar 12, 2024
- RAUM · $223M to $243MMay 12, 2023 to Mar 12, 2024
- Wrap assets (sponsor) · $223M to $243MMay 12, 2023 to Mar 12, 2024
- Accounts · 590 to 579Feb 25, 2022 to Mar 31, 2023
- HNW clients · 43 to 44Feb 25, 2022 to Mar 31, 2023
- Individual clients · 97 to 91Feb 25, 2022 to Mar 31, 2023
- Assets in custody · $43.6M to $35.3MFeb 25, 2022 to Mar 31, 2023
- Discretionary RAUM · $255M to $223MFeb 25, 2022 to Mar 31, 2023
- HNW RAUM · $200M to $172MFeb 25, 2022 to Mar 31, 2023
- Individual RAUM · $55.0M to $51.0MFeb 25, 2022 to Mar 31, 2023
- RAUM · $255M to $223MFeb 25, 2022 to Mar 31, 2023
- Wrap assets (sponsor) · $255M to $223MFeb 25, 2022 to Mar 31, 2023
- Accounts · 613 to 590Jul 26, 2021 to Feb 25, 2022
- HNW clients · 42 to 43Jul 26, 2021 to Feb 25, 2022
- Individual clients · 78 to 97Jul 26, 2021 to Feb 25, 2022
- Assets in custody · $39.6M to $43.6MJul 26, 2021 to Feb 25, 2022
- Discretionary RAUM · $241M to $255MJul 26, 2021 to Feb 25, 2022
- HNW RAUM · $191M to $200MJul 26, 2021 to Feb 25, 2022
- Individual RAUM · $50.0M to $55.0MJul 26, 2021 to Feb 25, 2022
- RAUM · $241M to $255MJul 26, 2021 to Feb 25, 2022
- Wrap assets (sponsor) · $241M to $255MJul 26, 2021 to Feb 25, 2022
- Accounts · 516 to 613Jun 24, 2020 to Mar 23, 2021
- Advisory employees · 4 to 5Jun 24, 2020 to Mar 23, 2021
- BD registered reps · 4 to 5Jun 24, 2020 to Mar 23, 2021
- HNW clients · 41 to 42Jun 24, 2020 to Mar 23, 2021
- Individual clients · 81 to 78Jun 24, 2020 to Mar 23, 2021
- Assets in custody · $24.9M to $39.6MJun 24, 2020 to Mar 23, 2021
- Employees · 4 to 5Jun 24, 2020 to Mar 23, 2021
- State-registered IARs · 4 to 5Jun 24, 2020 to Mar 23, 2021
- Discretionary RAUM · $162M to $241MJun 24, 2020 to Mar 23, 2021
- HNW RAUM · $121M to $191MJun 24, 2020 to Mar 23, 2021
- Individual RAUM · $40.3M to $50.0MJun 24, 2020 to Mar 23, 2021
- RAUM · $162M to $241MJun 24, 2020 to Mar 23, 2021
- Wrap assets (sponsor) · $162M to $241MJun 24, 2020 to Mar 23, 2021
Signals
5 dated events
- Emily Rose Kamen left Mercadien Asset Management, Llc for Cw Advisors, Llc (registered 2024-06-13)Dec 13, 2024 · Advisor changed firm · fact
- Jared Michael Reilly left Mercadien Asset Management, Llc for Cw Advisors, Llc (registered 2024-06-13)Dec 13, 2024 · Advisor changed firm · fact
- Mercadien Asset Management, LLC's advisors moved to CW Advisors, LLC (Hamilton, NJ): 4 of 4 registered, on the same dayDec 13, 2024 · Firm absorbed (people side) · derived
- Kenneth Alan Kamen left Mercadien Asset Management, Llc for Cw Advisors, Llc (registered 2024-06-13)Dec 13, 2024 · Advisor changed firm · fact
- Reginald William Burroughs left Mercadien Asset Management, Llc for Cw Advisors, Llc (registered 2024-06-13)Dec 13, 2024 · 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