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

Carmel Capital Partners, LLC

Independent wealth managerSan Diego, CaliforniaCRD 123907SEC 801-64695websiteIAPD
Latest filing Mar 27, 2026
First filing on the tape Mar 23, 2012 · 32 filings
SEC status approved since Sep 23, 2005
RAUM
$434M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
85%
$371M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$54.3M
derived; firm RAUM over IAPD count
Employees
9
5 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
3
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$434M as of Mar 27, 2026
Mar 23, 2012$132M then
HNW client RAUM$266M as of Mar 27, 2026
Mar 28, 2018$90.8M then
State-registered IARs (5.B.3)8 as of Mar 27, 2026
Feb 22, 20134 then
Employees (5.A)9 as of Mar 27, 2026
Feb 22, 20136 then
Private funds3 as of Mar 27, 2026
Mar 23, 20124 then
RAUM +14% over the last fiscal year+5.4% a year over threeIARs 8 to 8offices 3 to 4
Practice profile
derived from the filing of Mar 27, 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
  • RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
RAUM per advisor
$54.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
31derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.8MderivedHNW RAUM over HNW clients
Average account
$555,320derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
9.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.1derivedItem 5.A over advisors
Advisors per office
1.6derived5 offices incl. principal (1.F.5)
RAUM growth, one year
+14%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+20%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for pooled vehicles, otherreportedItem 5.G
Custody
$338M, 199 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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$266M61%
  • Individuals$106M24%
  • Pension and profit-sharing plans$43.1M9.9%
  • Pooled investment vehicles$16.4M3.8%
  • Corporations and businesses$3.6M0.8%
Individual clients
153reported
HNW clients
94reported
Pension plan clients
8reported
Charitable clients
n/areported
Accounts
782reported
Financial planning clients
26-50reported
Wrap fee programs
noreported
Custody of client assets
$338M for 199 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.85 fund_share=0.04 institutional_share=0.1 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Russell Gavin SilbersteinSan Diego, CaMay 4, 201825 y1
Kevin Eugene SilvermanChartered Financial AnalystHighland Park, Il Sep 6, 202322 y5
Stephanie Marie CunninghamSan Diego, CaSep 26, 202312 y2
John Wesley SedberrySan Diego, Ca Nov 13, 202425 y3
Susan J FerrariSan Diego, Ca Jan 17, 202515 y0
John Mark WheelerSan Diego, Ca Sep 24, 202519 y2
Ryan Scott PonsfordSan Diego, Ca Dec 11, 202525 y5
Craig L PelletierPersonal Financial SpecialistIndustry, Ca May 11, 202610 y1
Advisor movement
2 left, 2 joined in 12 months
net 0 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 25% of current headcount2 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    7 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Senium Master Fund, L.P.no longer reportedHedge Fund$7.1M2Mar 23, 2012
    Senium Offshore Fund, Ltd.no longer reportedHedge Fund$7.1M1Mar 23, 2012
    Origin Debt Facility - A Series Of Ccp Equity Holdings, LLCReal Estate Fund$3.7M28Mar 28, 2024
    Davinci Fund, L.P.Hedge Fund$2.9M9Mar 23, 2012
    Asheville Lodging - A Series Of Ccp Equity HoldingsReal Estate Fund$1.9M18Mar 28, 2024
    Carmel Art Block, LLCReal Estate Fund$940,45210Aug 3, 2017
    Senium Fund, L.P.no longer reportedHedge Fund$2,0003Mar 23, 2012
    Owners and control persons
    Schedule A and B, latest filing
    • Gavin Russell Silberstein · Managing Member/Chief Compliance Officercontrol
      since 08/2004 · owns 50% to 75%
    • David Jonathan Manela · Ownercontrol
      since 01/2020 · owns 75% or more of Edge Strategic Capital
    • Gavin Russell Silberstein · Ownercontrol
      since 04/2023 · owns 75% or more of Ccp Legacy Holdings
    • Matthew Heitman · Owner
      since 01/2020 · owns F of Edge Strategic Capital
    • Guillermo Roberto Stevens · Owner
      since 09/2022 · owns F of Edge Strategic Capital
    Entity owners
    • Carmel Hold Co., LLC · Owner
      direct · owns 75% or more
    • Ccp Legacy Holdings · Owner
      indirect · owns 50% to 75% of Carmel Hold Co., LLC
    • Edge Strategic Capital · Owner
      indirect · owns 25% to 50% of Carmel Hold Co., LLC
    Related persons
    Schedule D 7.A
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    San Diego, Ca · principal842
    Offices
    Schedule D 1.F, the 25 largest
    • San Diego, CA1 employees
    • , 1 employees
    ADV anomalies
    2 against comparable advisers; where to look, not conclusions
    • HNW share shiftChange between filings · filing Mar 27, 2026
      HNW share of RAUM moved from 79.0% to 61.0% between the annual amendments of 2025-03-29 and 2026-03-27
      peers: independent wealth managers, $100M to $500M (5,676)
    • compensation changedChange between filings · filing Mar 27, 2026
      performance-based compensation (Item 5.E.6): yes on the filing of 2025-03-29, no on the filing of 2026-03-27
      peers: independent wealth managers, $100M to $500M (5,676)
    What changed
    consecutive filings, newest first
    • Accounts · 718 to 782
      Mar 29, 2025 to Mar 27, 2026
    • Advisory employees · 7 to 5
      Mar 29, 2025 to Mar 27, 2026
    • HNW clients · 73 to 94
      Mar 29, 2025 to Mar 27, 2026
    • Individual clients · 132 to 153
      Mar 29, 2025 to Mar 27, 2026
    • Pension plan clients · unset to 8.0
      Mar 29, 2025 to Mar 27, 2026
    • Pooled vehicle clients · 21 to 3
      Mar 29, 2025 to Mar 27, 2026
    • Assets in custody · $377M to $338M
      Mar 29, 2025 to Mar 27, 2026
    • Employees · 8 to 9
      Mar 29, 2025 to Mar 27, 2026
    • Financial planning clients · 11-25 to 26-50
      Mar 29, 2025 to Mar 27, 2026
    • Other offices · 3 to 4
      Mar 29, 2025 to Mar 27, 2026
    • Discretionary RAUM · $380M to $431M
      Mar 29, 2025 to Mar 27, 2026
    • HNW RAUM · $301M to $266M
      Mar 29, 2025 to Mar 27, 2026
    • Individual RAUM · $52.1M to $106M
      Mar 29, 2025 to Mar 27, 2026
    • Non-discretionary RAUM · $0 to $3.0M
      Mar 29, 2025 to Mar 27, 2026
    • Pension RAUM · unset to 43065123.0
      Mar 29, 2025 to Mar 27, 2026
    • Pooled vehicle RAUM · $8.5M to $16.4M
      Mar 29, 2025 to Mar 27, 2026
    • RAUM · $380M to $434M
      Mar 29, 2025 to Mar 27, 2026
    • Accounts · 639 to 718
      Sep 16, 2024 to Mar 29, 2025
    • Advisory employees · 6 to 7
      Sep 16, 2024 to Mar 29, 2025
    • BD registered reps · 1 to 0
      Sep 16, 2024 to Mar 29, 2025
    • Corporate clients · unset to 5.0
      Sep 16, 2024 to Mar 29, 2025
    • HNW clients · 66 to 73
      Sep 16, 2024 to Mar 29, 2025
    • Individual clients · 106 to 132
      Sep 16, 2024 to Mar 29, 2025
    • Pooled vehicle clients · 4 to 21
      Sep 16, 2024 to Mar 29, 2025
    • Assets in custody · unset to 376557805.0
      Sep 16, 2024 to Mar 29, 2025
    • Custody of client assets · false to true
      Sep 16, 2024 to Mar 29, 2025
    • Employees · 10 to 8
      Sep 16, 2024 to Mar 29, 2025
    • Insurance-licensed employees · 0 to 2
      Sep 16, 2024 to Mar 29, 2025
    • Financial planning clients · 11-25 to 11-25
      Sep 16, 2024 to Mar 29, 2025
    • State-registered IARs · 6 to 8
      Sep 16, 2024 to Mar 29, 2025
    • Private funds · 4 to 3
      Sep 16, 2024 to Mar 29, 2025
    • Discretionary RAUM · $333M to $380M
      Sep 16, 2024 to Mar 29, 2025
    • HNW RAUM · $285M to $301M
      Sep 16, 2024 to Mar 29, 2025
    • Individual RAUM · $38.9M to $52.1M
      Sep 16, 2024 to Mar 29, 2025
    • Pooled vehicle RAUM · $7.9M to $8.5M
      Sep 16, 2024 to Mar 29, 2025
    • RAUM · $333M to $380M
      Sep 16, 2024 to Mar 29, 2025
    • Accounts · 200 to 639
      Nov 3, 2023 to Mar 28, 2024
    • Advisory employees · 5 to 6
      Nov 3, 2023 to Mar 28, 2024
    • Charity clients · 3.0 to unset
      Nov 3, 2023 to Mar 28, 2024
    • Corporate clients · 6.0 to unset
      Nov 3, 2023 to Mar 28, 2024
    Signals
    6 dated events
    • James Francis Thomas left Carmel Capital Partners, Llc for Superior Planning Wealth Management & Family Office (registered 2024-09-20)
      Nov 25, 2025 · Advisor changed firm · fact
    • David Jonathan Manela (Owner) appeared on Schedule A of Carmel Capital Partners, Llc
      Mar 28, 2024 · Control person joined · fact
    • 2 advisors left 303 Advisors, LLC (San Diego, CA) for Carmel Capital Partners, LLC on the same day
      Dec 31, 2023 · Team lift-out · derived
    • Lawrence M Parente left Carmel Capital Partners, Llc for Morgan Stanley (registered 2025-10-31)
      Mar 27, 2023 · Advisor changed firm · fact
    • Carmel Capital Partners, Llc reported RAUM $386.4M, up 57% from $246.1M (2021-11-02 to 2022-03-28)
      Mar 28, 2022 · RAUM change · derived
    • Alan Anthony Josephson (Co-Owner) no longer on Schedule A of Carmel Capital Partners, Llc (listed 2019-03-28, absent 2020-04-24)
      Apr 24, 2020 · Control person left · inference
    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
    Firm profile
    linkedin.com/company/carmelcapitalpartnersreportedpublic record, Form ADV, Sep 17, 2026
    Website
    CARMELCAP.COMreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    858-457-7544reportedpublic record, Form ADV, Mar 27, 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
    $54.3Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026
    Across the graphs

    Carmel Capital Partners, LLC is the same institution as 1 record in Real Estate Funds.

    Real Estate Funds1

    Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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