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

Intersect Capital LLC

Former SEC-registered adviserSan Ramon, CaliforniaCRD 122418SEC 801-61821IAPD
Latest filing Aug 5, 2022
First filing on the tape Feb 24, 2012 · 33 filings
RAUM
$1.3B
reported, Item 5.F
Discretionary
91%
of RAUM
Private clients
89%
$1.1B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$1.3B as of Mar 24, 2022
Feb 24, 2012$182M then
HNW client RAUM$1.1B as of Mar 24, 2022
Mar 14, 2018$505M then
State-registered IARs (5.B.3)7 as of Mar 24, 2022
Feb 24, 20120 then
Employees (5.A)10 as of Mar 24, 2022
Feb 26, 20133 then
Private funds: no history
RAUM +8.9% over the last fiscal year+24% a year over threeIARs 7 to 1offices 1 to 0
Practice profile
derived from the filing of Aug 5, 2022; every figure names its basis
RAUM per advisor
$1.3BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
411derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.4MderivedHNW RAUM over HNW clients
Average account
$3.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
91%derivedof RAUM
Institutional
11%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+8.9%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+2.2%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisers, otherreportedItem 5.G
Custody
$106M, 49 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)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.1B87%
  • Pension and profit-sharing plans$137M11%
  • Individuals$26.2M2.1%
  • Charitable organizations$6.8M0.5%
Individual clients
86reported
HNW clients
325reported
Pension plan clients
15reported
Charitable clients
5reported
Accounts
431reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$106M for 49 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
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • R. Joseph Mclean · Managing Partner & Chief Compliance Officercontrol
      since 03/2021 · owns 50% to 75%
    • Matthew Armanino · General/Managing Partner
      since 01/2019 · owns F of Armanino Llp
    Entity owners
    • Armanino Llp · Member
      direct · owns 25% to 50%
    Related persons
    Schedule D 7.A
    • Armanino Llp
      insurancey
    • Big Sky Asset Management LLC
      investment advisernRAUM $139M
    • Intersect Capital Insurance Services, LLC
      real estaten
    • Intersect Ventures LLC
      pooled vehicle sponsorn
    Advisers that list Intersect Capital LLC as a related person
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Advisory employees · 7 to 1
      Mar 24, 2022 to Aug 5, 2022
    • Employees · 10 to 4
      Mar 24, 2022 to Aug 5, 2022
    • Insurance-licensed employees · 2 to 1
      Mar 24, 2022 to Aug 5, 2022
    • State-registered IARs · 7 to 1
      Mar 24, 2022 to Aug 5, 2022
    • Other offices · 1 to 0
      Mar 24, 2022 to Aug 5, 2022
    • Charity clients · 12 to 5
      Dec 16, 2021 to Mar 24, 2022
    • Corporate clients · unset to 0.0
      Dec 16, 2021 to Mar 24, 2022
    • HNW clients · 204 to 325
      Dec 16, 2021 to Mar 24, 2022
    • Individual clients · 198 to 86
      Dec 16, 2021 to Mar 24, 2022
    • Pension plan clients · 18 to 15
      Dec 16, 2021 to Mar 24, 2022
    • Pooled vehicle clients · 10 to 0
      Dec 16, 2021 to Mar 24, 2022
    • Assets in custody · $245M to $106M
      Dec 16, 2021 to Mar 24, 2022
    • Discretionary RAUM · $1.1B to $1.2B
      Dec 16, 2021 to Mar 24, 2022
    • HNW RAUM · $963M to $1.1B
      Dec 16, 2021 to Mar 24, 2022
    • Individual RAUM · $61.4M to $26.2M
      Dec 16, 2021 to Mar 24, 2022
    • Non-discretionary RAUM · $102M to $117M
      Dec 16, 2021 to Mar 24, 2022
    • Pension RAUM · $121M to $137M
      Dec 16, 2021 to Mar 24, 2022
    • Pooled vehicle RAUM · $3.0M to $0
      Dec 16, 2021 to Mar 24, 2022
    • RAUM · $1.2B to $1.3B
      Dec 16, 2021 to Mar 24, 2022
    • Advisory employees · 9 to 7
      Jul 2, 2021 to Dec 16, 2021
    • Employees · 12 to 10
      Jul 2, 2021 to Dec 16, 2021
    • State-registered IARs · 9 to 7
      Jul 2, 2021 to Dec 16, 2021
    • Advisory employees · 8 to 9
      Jun 25, 2021 to Jul 2, 2021
    • Employees · 11 to 12
      Jun 25, 2021 to Jul 2, 2021
    • State-registered IARs · 8 to 9
      Jun 25, 2021 to Jul 2, 2021
    • Advisory employees · 7 to 8
      Apr 1, 2021 to Jun 9, 2021
    • Employees · 10 to 11
      Apr 1, 2021 to Jun 9, 2021
    • State-registered IARs · 7 to 8
      Apr 1, 2021 to Jun 9, 2021
    • Accounts · 1,127 to 431
      Nov 10, 2020 to Mar 25, 2021
    • Charity clients · unset to 12.0
      Nov 10, 2020 to Mar 25, 2021
    • HNW clients · 186 to 204
      Nov 10, 2020 to Mar 25, 2021
    • Individual clients · 217 to 198
      Nov 10, 2020 to Mar 25, 2021
    • Pension plan clients · 15 to 18
      Nov 10, 2020 to Mar 25, 2021
    • Pooled vehicle clients · unset to 10.0
      Nov 10, 2020 to Mar 25, 2021
    • Assets in custody · $36.0M to $245M
      Nov 10, 2020 to Mar 25, 2021
    • Financial planning clients · 51-100 to 101-250
      Nov 10, 2020 to Mar 25, 2021
    • Discretionary RAUM · $884M to $1.1B
      Nov 10, 2020 to Mar 25, 2021
    • HNW RAUM · $827M to $963M
      Nov 10, 2020 to Mar 25, 2021
    • Individual RAUM · $85.8M to $61.4M
      Nov 10, 2020 to Mar 25, 2021
    • Non-discretionary RAUM · $90.4M to $102M
      Nov 10, 2020 to Mar 25, 2021
    Signals
    13 dated events
    • Timothy Robert Schmoll left Intersect Capital Llc for Mai Capital Management, Llc (registered 2022-08-12)
      Dec 31, 2022 · Advisor changed firm · fact
    • Drew Nicholas Bryant left Intersect Capital Llc for Mai Capital Management, Llc (registered 2022-08-17)
      Aug 5, 2022 · Advisor changed firm · fact
    • Jonathan Scott Drubner left Intersect Capital Llc for Lindbrook Capital, Llc (registered 2022-05-27)
      Aug 5, 2022 · Advisor changed firm · fact
    • David William Shiell left Intersect Capital Llc for Big Sky Asset Management Llc (registered 2013-10-07)
      Aug 5, 2022 · Advisor changed firm · fact
    • Joseph Randall Lum left Intersect Capital Llc for Mai Capital Management, Llc (registered 2022-09-02)
      Aug 5, 2022 · Advisor changed firm · fact
    • Joseph R. Mclean left Intersect Capital Llc for Mai Capital Management, Llc (registered 2025-01-09)
      Aug 5, 2022 · Advisor changed firm · fact
    • Joy Arlene Puyear left Intersect Capital Llc for Mai Capital Management, Llc (registered 2022-08-12)
      Aug 5, 2022 · Advisor changed firm · fact
    • Intersect Capital LLC's advisors moved to Mai Capital Management, LLC (San Ramon, CA): 4 of 7 registered, on the same day
      Aug 5, 2022 · Firm absorbed (people side) · derived
    • William David Shiell (Co-Managing Member/President) no longer on Schedule A of Intersect Capital Llc (listed 2020-11-10, absent 2021-03-25)
      Mar 25, 2021 · Control person left · inference
    • Robert Devin Blodgett (Chief Compliance Officer) no longer on Schedule A of Intersect Capital Llc (listed 2020-11-10, absent 2021-03-25)
      Mar 25, 2021 · Control person left · inference
    • Intersect Capital Llc reported RAUM $974.4M, up 46% from $668.1M (2019-03-18 to 2020-02-27)
      Feb 27, 2020 · RAUM change · derived
    • J. Andrew Armanino (General/Managing Partner) no longer on Schedule A of Intersect Capital Llc (listed 2018-08-02, absent 2019-03-18)
      Mar 18, 2019 · Control person left · inference
    • Intersect Capital Llc reported RAUM $611.1M, up 55% from $393.1M (2017-04-28 to 2018-03-14)
      Mar 14, 2018 · RAUM change · derived
    Across DFX
    shared identifiers only, never a name match
    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