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
Wealth Advisors Group
Legal name Security Financial Services, Inc.
Latest filing Mar 24, 2026
First filing on the tape Feb 14, 2012 · 22 filings
SEC status approved since Jan 2, 2009
RAUM
$1.3B
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
79%
$1.1B individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$149M
derived; firm RAUM over IAPD count
Employees
16
6 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$1.3B as of Mar 24, 2026
Feb 14, 2012$155M then
HNW client RAUM$767M as of Mar 24, 2026
Mar 28, 2018$181M then
State-registered IARs (5.B.3)6 as of Mar 24, 2026
Feb 14, 20120 then
Employees (5.A)16 as of Mar 24, 2026
Mar 28, 20137 then
Private funds: no history
RAUM +19% over the last fiscal year+13% a year over threeIARs 6 to 6
Practice profile
derived from the filing of Mar 24, 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
- 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
- Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $134MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 101derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.7MderivedHNW RAUM over HNW clients
- Average account
- $407,040derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 17%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.6derivedItem 5.A over advisors
- Advisors per office
- 10.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +19%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +8.5%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 advisersreportedItem 5.G
- Financial planning clients
- 1,000reportedItem 5.H
- Wrap fee program
- $322MreportedItem 5.I
- 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 securities (9.A.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$767M57%
- Individuals$294M22%
- Charitable organizations$227M17%
- Corporations and businesses$48.5M3.6%
- Pension and profit-sharing plans$6.8M0.5%
- Individual clients
- 730reported
- HNW clients
- 283reported
- Pension plan clients
- 20reported
- Charitable clients
- 9reported
- Accounts
- 3,297reported
- Financial planning clients
- 1,000reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.79 fund_share=0.0 institutional_share=0.17 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
10 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Mark David VanderhagenCertified Financial Planner | Fort Wayne, In | Aug 31, 1999 | 38 y | 1 |
| Joseph DewaldCertified Financial Planner | Fort Wayne, In | Dec 11, 2000 | 29 y | 1 |
| Patrick John O'ConnellCertified Financial Planner | Fort Wayne, In | Oct 1, 2014 | 21 y | 0 |
| Alex Joseph BudzonCertified Financial Planner | Fort Wayne, In | Mar 30, 2015 | 13 y | 0 |
| Christopher Allan SlybyCertified Financial Planner | Fort Wayne, In | Sep 27, 2017 | 27 y | 0 |
| Austin ThomsCertified Financial Planner | Fort Wayne, In | Apr 11, 2024 | 10 y | 2 |
| Laura Morton | Fort Wayne, In | Mar 23, 2026 | 12 y | 3 |
| Alan Charles Rohrer | Fort Wayne, In | Jun 1, 2026 | 10 y | 0 |
| Daniel William MckeemanCertified Financial Planner | Fort Wayne, In | Jun 1, 2026 | 10 y | 0 |
| Tyler Michael SmithCertified Financial Planner | Fort Wayne, In | Sep 15, 2026 | 10 y | 0 |
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 headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Laura Morton from Kestra Advisory Services, LLCMar 23, 2026 · Affiliated broker-dealer or bank to independent RIA
- Austin Thoms from Thrivent Advisor Network, LLCApr 11, 2024 · Affiliated broker-dealer or bank to independent RIA
- Joseph Dewald from LPL Financial LLCDec 11, 2000 · Other
- Mark David Vanderhagen from LPL Financial LLCAug 31, 1999 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Joseph Alex Budzon · Vice Presidentcontrolsince 01/2015 · owns 10% to 25%
- Joseph Dewald · Directorcontrolsince 03/2014 · owns 10% to 25%
- John Patrick O'Connell · President/Chief Compliance Officercontrolsince 01/2015 · owns 25% to 50%
- Allan Christopher Slyby · Directorcontrolsince 01/2021 · owns less than 5%
- David Mark Vanderhagen · Directorcontrolsince 09/1991 · owns 25% to 50%
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 Wayne, In · principal | 10 | 4 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Mar 24, 2026SLYBY, CHRISTOPHER, ALLAN (DIRECTOR) left Schedule A between the filings of 2021-03-15 and 2026-03-24peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
- Accounts · 2,848 to 3,297Nov 17, 2025 to Mar 24, 2026
- Charity clients · 26 to 9Nov 17, 2025 to Mar 24, 2026
- Corporate clients · 9 to 15Nov 17, 2025 to Mar 24, 2026
- HNW clients · 219 to 283Nov 17, 2025 to Mar 24, 2026
- Individual clients · 715 to 730Nov 17, 2025 to Mar 24, 2026
- Pension plan clients · 22 to 20Nov 17, 2025 to Mar 24, 2026
- Assets in custody · $586M to $246MNov 17, 2025 to Mar 24, 2026
- Employees · 14 to 16Nov 17, 2025 to Mar 24, 2026
- Discretionary RAUM · $1.1B to $1.3BNov 17, 2025 to Mar 24, 2026
- HNW RAUM · $604M to $767MNov 17, 2025 to Mar 24, 2026
- Individual RAUM · $282M to $294MNov 17, 2025 to Mar 24, 2026
- Non-discretionary RAUM · $6.4M to $26.0MNov 17, 2025 to Mar 24, 2026
- Pension RAUM · $6.8M to $6.8MNov 17, 2025 to Mar 24, 2026
- RAUM · $1.1B to $1.3BNov 17, 2025 to Mar 24, 2026
- Wrap assets (sponsor) · $303M to $0Nov 17, 2025 to Mar 24, 2026
- Accounts · 2,672 to 2,848Jan 16, 2025 to Mar 20, 2025
- Advisory employees · 5 to 6Jan 16, 2025 to Mar 20, 2025
- Charity clients · 22 to 26Jan 16, 2025 to Mar 20, 2025
- Corporate clients · 11 to 9Jan 16, 2025 to Mar 20, 2025
- HNW clients · 191 to 219Jan 16, 2025 to Mar 20, 2025
- Individual clients · 595 to 715Jan 16, 2025 to Mar 20, 2025
- Pension plan clients · 30 to 22Jan 16, 2025 to Mar 20, 2025
- Assets in custody · $453M to $586MJan 16, 2025 to Mar 20, 2025
- Employees · 13 to 14Jan 16, 2025 to Mar 20, 2025
- Financial planning clients · 11-25 to More than 500Jan 16, 2025 to Mar 20, 2025
- State-registered IARs · 5 to 6Jan 16, 2025 to Mar 20, 2025
- Discretionary RAUM · $979M to $1.1BJan 16, 2025 to Mar 20, 2025
- HNW RAUM · $524M to $604MJan 16, 2025 to Mar 20, 2025
- Individual RAUM · $286M to $282MJan 16, 2025 to Mar 20, 2025
- Non-discretionary RAUM · $16.6M to $6.4MJan 16, 2025 to Mar 20, 2025
- Pension RAUM · $13.0M to $6.8MJan 16, 2025 to Mar 20, 2025
- RAUM · $996M to $1.1BJan 16, 2025 to Mar 20, 2025
- Wrap assets (sponsor) · $161,655 to $303MJan 16, 2025 to Mar 20, 2025
- Accounts · 2,575 to 2,672Mar 27, 2023 to Mar 25, 2024
- Charity clients · 24 to 22Mar 27, 2023 to Mar 25, 2024
- Corporate clients · 8 to 11Mar 27, 2023 to Mar 25, 2024
- HNW clients · 234 to 191Mar 27, 2023 to Mar 25, 2024
- Individual clients · 745 to 595Mar 27, 2023 to Mar 25, 2024
- Pension plan clients · 16 to 30Mar 27, 2023 to Mar 25, 2024
- Assets in custody · $497M to $453MMar 27, 2023 to Mar 25, 2024
Signals
3 dated events
- Tyler Michael Smith registered as an investment adviser representative at Wealth Advisors GroupSep 15, 2026 · Advisor registered · fact
- Allan Christopher Slyby (Director) appeared on Schedule A of Wealth Advisors GroupMar 15, 2021 · Control person joined · fact
- Wealth Advisors Group reported RAUM $436.8M, up 39% from $315.0M (2017-03-24 to 2018-03-28)Mar 28, 2018 · RAUM change · derived
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@wealthag.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 260-619-3100reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 260-619-3609reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/9304417reportedpublic record, Form ADV, Sep 17, 2026
- Website
- WEALTHAG.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 260-619-3100reportedpublic record, Form ADV, Mar 24, 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
- $149Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026