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

V••••• F•••• I••••••••• C••••••••• I•••

Wealth manager with institutional or fund businessAudubon, PennsylvaniaCRD 123898SEC 801-107519websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Mar 22, 2016 · 23 filings
SEC status approved since Mar 30, 2016
RAUM
$3.5B
reported, Item 5.F
Discretionary
24%
of RAUM
Private clients
28%
$966M individuals and HNW
Advisors
12
registered through the firm on IAPD
RAUM per advisor
$291M
derived; firm RAUM over IAPD count
Employees
16
11 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$3.5B as of Mar 30, 2026
Mar 24, 2017$900M then
HNW client RAUM$927M as of Mar 30, 2026
Mar 29, 2018$440M then
State-registered IARs (5.B.3)10 as of Mar 30, 2026
Mar 24, 20176 then
Employees (5.A)16 as of Mar 30, 2026
Mar 24, 201715 then
Private funds: no history
RAUM +23% over the last fiscal year+16% a year over threeIARs 9 to 10
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
RAUM per advisor
$291MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
20derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$5.9MderivedHNW RAUM over HNW clients
Average account
$3.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
24%derivedof RAUM
Institutional
72%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
12.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+23%derivedbetween the last two annual amendments
Advisor growth, one year
+11%derivedItem 5.B.3 between annual amendments
Client growth, one year
-35%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
Custody
$425M, 201 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pension and profit-sharing plans$2.5B71%
  • High-net-worth individuals$927M27%
  • Individuals$39.1M1.1%
  • Charitable organizations$30.0M0.9%
  • Corporations and businesses$28.2M0.8%
Individual clients
82reported
HNW clients
158reported
Pension plan clients
128reported
Charitable clients
9reported
Accounts
1,034reported
Financial planning clients
26-50reported
Wrap fee programs
noreported
Custody of client assets
$425M for 201 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.28 fund_share=0.0 institutional_share=0.72 related_bd=false related_bank=false bd_reps=6.0derived
Advisors registered through the firm
12 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
M•••••• J••••• M••••Audubon, PaMay 23, 199435 y0
B•••• D•••• K•••••Audubon, PaMay 23, 199424 y0
E••••• J••• M•••••••••Audubon, PaMar 22, 200234 y0
S•••••• T••••• M••••••Certified Financial PlannerAudubon, PaFeb 7, 200719 y1
R••••• E•••••••• K••••••Certified Financial PlannerAudubon, PaFeb 7, 201711 y1
N••••• K••••Audubon, PaMar 28, 201824 y0
C••••• J••••• K••••Chartered Financial AnalystAudubon, PaApr 9, 201813 y0
S••••• M•••••• B•••••Audubon, PaApr 28, 202312 y0
W•••••• T•••• K••••••••Audubon, PaSep 5, 202411 y0
P••••• M•••••• V•••••••Audubon, PaApr 12, 202612 y1
C•••••• M•••••Audubon, PaJul 1, 202610 y0
M•••• T•••• M••••••Certified Financial PlannerAudubon, PaAug 21, 202612 y0
Advisor movement
0 left, 1 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • L•••••• P••••••• M•••••• · Chief Compliance Officercontrol
    since 03/2023 · owns less than 5%
  • L•••••• P••••••• R•••••• · Presidentcontrol
    since 11/2024 · owns less than 5%
  • M••••• M••••••• J••••• · Chairman/Ceocontrol
    since 01/1989 · owns 50% to 75%
  • M••••• S••• · Vice Chairmancontrol
    since 12/2018 · owns 50% to 75%
  • M••••••• M••••••• G•••••• · Secretarycontrol
    since 12/2018 · owns less than 5%
  • M••••••• S••••••• T••••• · Managing Directorcontrol
    since 01/2026 · owns less than 5%
  • H••••• T••••• B••••• M•••• · Treasurer
    since 12/2018 · owns less than 5%
Related persons
Schedule D 7.A
  • V••••• F•••• F•••••••• G••••• I•••
    real estaten
  • V••••• F•••• P•••••• M••••••••• I•••
    LP sponsorn
  • V•• I• L••
    pooled vehicle sponsorn
  • V•• I•• L••
    pooled vehicle sponsorn
  • V•• V•••• L••
    pooled vehicle sponsorn
  • V•• X• L••
    pooled vehicle sponsorn
  • V•• X•• L••
    pooled vehicle sponsorn
  • V•• X••• L••
    pooled vehicle sponsorn
  • V•• X•••• L••
    pooled vehicle sponsorn
  • V•• X••• L••
    pooled vehicle sponsorn
  • V••• A••••••• L••
    investment advisern
  • V••• I•• L••
    pooled vehicle sponsorn
  • V••• I•• L••
    pooled vehicle sponsorn
  • V••• I•• L••
    pooled vehicle sponsorn
  • V•••• L••
    pooled vehicle sponsorn
Advisers that list V••••• F•••• I••••••••• C••••••••• I••• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Audubon, Pa · principal1230
Offices
Schedule D 1.F, the 25 largest
  • , 1 employees
ADV anomalies
5 against comparable advisers; where to look, not conclusions
  • clients down average size upCombination · filing Mar 30, 2026
    private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $2,838,109,788 to $3,492,195,058, advisors 9 to 10, private clients 367 to 240, offices 0 to 0 (2025-03-25 to 2026-03-30)
    peers: independent wealth managers, $1B to $5B (1,362)
  • high institutional concentrationStatic outlier · filing Mar 30, 2026
    institutional share of RAUM of 72% against a peer median of 3% (1362 comparable advisers, 99.0th percentile, 17.1 robust deviations)
    peers: independent wealth managers, $1B to $5B (1,362) · 99% percentile
  • control person changedChange between filings · filing Mar 30, 2026
    L•••••• P••••••• R•••••• (PRESIDENT) appeared on Schedule A between the filings of 2023-03-29 and 2026-03-30
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Mar 30, 2026
    M••••• M••••••• J••••• (CHAIRMAN/CEO) left Schedule A between the filings of 2023-03-29 and 2026-03-30
    peers: independent wealth managers, $1B to $5B (1,362)
  • compensation changedChange between filings · filing Mar 30, 2026
    hourly charges (Item 5.E.2): no on the filing of 2025-03-25, yes on the filing of 2026-03-30
    peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
  • RAUM · $2.8B to $3.5B
    Mar 25, 2025 to Mar 30, 2026
  • Accounts · 1,111 to 1,034
    Mar 25, 2025 to Mar 30, 2026
  • Advisory employees · 10 to 11
    Mar 25, 2025 to Mar 30, 2026
  • Charity clients · 11 to 9
    Mar 25, 2025 to Mar 30, 2026
  • HNW clients · 175 to 158
    Mar 25, 2025 to Mar 30, 2026
  • Individual clients · 192 to 82
    Mar 25, 2025 to Mar 30, 2026
  • Pension plan clients · 138 to 128
    Mar 25, 2025 to Mar 30, 2026
  • Assets in custody · $389M to $425M
    Mar 25, 2025 to Mar 30, 2026
  • Employees · 14 to 16
    Mar 25, 2025 to Mar 30, 2026
  • State-registered IARs · 9 to 10
    Mar 25, 2025 to Mar 30, 2026
  • Discretionary RAUM · $720M to $852M
    Mar 25, 2025 to Mar 30, 2026
  • HNW RAUM · $787M to $927M
    Mar 25, 2025 to Mar 30, 2026
  • Individual RAUM · $67.4M to $39.1M
    Mar 25, 2025 to Mar 30, 2026
  • Non-discretionary RAUM · $2.1B to $2.6B
    Mar 25, 2025 to Mar 30, 2026
  • Pension RAUM · $1.9B to $2.5B
    Mar 25, 2025 to Mar 30, 2026
  • Accounts · 1,106 to 1,111
    Jul 1, 2024 to Mar 25, 2025
  • HNW clients · 166 to 175
    Jul 1, 2024 to Mar 25, 2025
  • Individual clients · 189 to 192
    Jul 1, 2024 to Mar 25, 2025
  • Pension plan clients · 141 to 138
    Jul 1, 2024 to Mar 25, 2025
  • Assets in custody · $217M to $389M
    Jul 1, 2024 to Mar 25, 2025
  • Employees · 15 to 14
    Jul 1, 2024 to Mar 25, 2025
  • Financial planning clients · 11-25 to 26-50
    Jul 1, 2024 to Mar 25, 2025
  • State-registered IARs · 8 to 9
    Jul 1, 2024 to Mar 25, 2025
  • Other offices · 1 to 0
    Jul 1, 2024 to Mar 25, 2025
  • Discretionary RAUM · $637M to $720M
    Jul 1, 2024 to Mar 25, 2025
  • HNW RAUM · $714M to $787M
    Jul 1, 2024 to Mar 25, 2025
  • Individual RAUM · $63.6M to $67.4M
    Jul 1, 2024 to Mar 25, 2025
  • Non-discretionary RAUM · $1.9B to $2.1B
    Jul 1, 2024 to Mar 25, 2025
  • Pension RAUM · $1.7B to $1.9B
    Jul 1, 2024 to Mar 25, 2025
  • RAUM · $2.5B to $2.8B
    Jul 1, 2024 to Mar 25, 2025
  • Related insurance company · false to true
    Jul 1, 2024 to Mar 25, 2025
  • Accounts · 1,085 to 1,106
    Jul 6, 2023 to Mar 27, 2024
  • Charity clients · 7 to 11
    Jul 6, 2023 to Mar 27, 2024
  • Corporate clients · 9 to 7
    Jul 6, 2023 to Mar 27, 2024
  • HNW clients · 150 to 166
    Jul 6, 2023 to Mar 27, 2024
  • Individual clients · 203 to 189
    Jul 6, 2023 to Mar 27, 2024
  • Pension plan clients · 143 to 141
    Jul 6, 2023 to Mar 27, 2024
  • Assets in custody · $159M to $217M
    Jul 6, 2023 to Mar 27, 2024
  • Financial planning clients · 26-50 to 11-25
    Jul 6, 2023 to Mar 27, 2024
  • Discretionary RAUM · $565M to $637M
    Jul 6, 2023 to Mar 27, 2024
Signals
6 dated events
  • M•••••• Patrick Lannon (Chief Compliance Officer) appeared on Schedule A of V••••• F•••• I••••••••• C••••••••• I•••
    Mar 29, 2023 · Control person joined · fact
  • V••••• F•••• I••••••••• C••••••••• I••• reported RAUM $2.1B, up 33% from $1.6B (2020-06-02 to 2021-03-25)
    Mar 25, 2021 · RAUM change · derived
  • V••••• F•••• I••••••••• C••••••••• I••• reported RAUM $1.6B, up 28% from $1.3B (2020-01-15 to 2020-03-28)
    Mar 28, 2020 · RAUM change · derived
  • Marie Karen Beyer (Trustee) no longer on Schedule A of V••••• F•••• I••••••••• C••••••••• I••• (listed 2019-12-05, absent 2020-01-15)
    Jan 15, 2020 · Control person left · inference
  • V••••• F•••• I••••••••• C••••••••• I••• reported RAUM $1.2B, up 35% from $900.2M (2017-03-24 to 2018-03-29)
    Mar 29, 2018 · RAUM change · derived
  • V••••• F•••• I••••••••• C••••••••• I••• filed its initial SEC registration (Form ADV)
    Mar 22, 2016 · 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 email
info@vffg.comreportedpublished by the firm, firm site, Sep 15, 2026
Business phone
484-251-4921reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
610-783-6650reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/valley-forge-financial-groupreportedpublic record, Form ADV, Sep 18, 2026
Website
VFFG.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
610-783-6650reportedpublic record, Form ADV, Mar 30, 2026
Team page
vffg.com/teamreportedpublished by the firm, firm site, Sep 15, 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
Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
RAUM per advisor
$291Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026