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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Former SEC-registered adviser

W•••

Former SEC-registered adviserIrvine, CaliforniaCRD 124462SEC 801-80426websiteIAPD
Legal name W••••• M••••••••• • B••••••• C•••••••
Latest filing Jan 7, 2025
First filing on the tape Mar 16, 2012 · 19 filings
SEC status approved since Oct 15, 2014
RAUM
$116M
reported, Item 5.F
Discretionary
49%
of RAUM
Private clients
93%
$108M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$116M as of Jan 7, 2025
Mar 16, 2012$43.3M then
HNW client RAUM$79.6M as of Jan 7, 2025
Sep 1, 2018$62.7M then
State-registered IARs (5.B.3)3 as of Jan 7, 2025
Mar 16, 20120 then
Employees (5.A)3 as of Jan 7, 2025
Sep 1, 20154 then
Private funds: no history
RAUM +0.0% over the last fiscal year+3.3% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Jan 7, 2025; every figure names its basis
RAUM per advisor
$38.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
38derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.0MderivedHNW RAUM over HNW clients
Average account
$179,335derivedRAUM over accounts (5.F.2.f)
Discretionary
49%derivedof RAUM
Institutional
5.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+0.0%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+0.0%derived
Compensation
percentage of assets, hourly, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, educational seminarsreportedItem 5.G
Custody
$4.0M, 3 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)
  • 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$79.6M68%
  • Individuals$28.0M24%
  • Pension and profit-sharing plans$6.0M5.1%
  • Corporations and businesses$2.6M2.3%
Individual clients
75reported
HNW clients
40reported
Pension plan clients
5reported
Charitable clients
n/areported
Accounts
648reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
$4.0M for 3 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
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • C••••• D••••• S•••• · Chief Executive Officercontrol
    since 11/2002 · owns 75% or more
  • C••••• D••••• S•••••• · Chief Compliance Officer And Presidentcontrol
    since 06/2020 · owns 10% to 25%
Related persons
Schedule D 7.A
  • S•••• C••••
    real estatey
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Irvine, Ca · principal000
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 844 to 648
    Mar 20, 2023 to Feb 22, 2024
  • Advisory employees · 4 to 3
    Mar 20, 2023 to Feb 22, 2024
  • HNW clients · 80 to 40
    Mar 20, 2023 to Feb 22, 2024
  • Individual clients · 81 to 75
    Mar 20, 2023 to Feb 22, 2024
  • Pension plan clients · 8 to 5
    Mar 20, 2023 to Feb 22, 2024
  • Assets in custody · $5.5M to $4.0M
    Mar 20, 2023 to Feb 22, 2024
  • Employees · 6 to 3
    Mar 20, 2023 to Feb 22, 2024
  • Financial planning clients · 26-50 to 51-100
    Mar 20, 2023 to Feb 22, 2024
  • State-registered IARs · 4 to 3
    Mar 20, 2023 to Feb 22, 2024
  • Discretionary RAUM · $37.6M to $56.8M
    Mar 20, 2023 to Feb 22, 2024
  • HNW RAUM · $82.1M to $79.6M
    Mar 20, 2023 to Feb 22, 2024
  • Individual RAUM · $11.6M to $28.0M
    Mar 20, 2023 to Feb 22, 2024
  • Non-discretionary RAUM · $60.5M to $59.4M
    Mar 20, 2023 to Feb 22, 2024
  • Pension RAUM · $4.4M to $6.0M
    Mar 20, 2023 to Feb 22, 2024
  • RAUM · $98.1M to $116M
    Mar 20, 2023 to Feb 22, 2024
  • Accounts · 846 to 844
    Mar 16, 2022 to Mar 20, 2023
  • HNW clients · 36 to 80
    Mar 16, 2022 to Mar 20, 2023
  • Individual clients · 99 to 81
    Mar 16, 2022 to Mar 20, 2023
  • Pension plan clients · unset to 8.0
    Mar 16, 2022 to Mar 20, 2023
  • Assets in custody · $6.9M to $5.5M
    Mar 16, 2022 to Mar 20, 2023
  • Discretionary RAUM · $35.0M to $37.6M
    Mar 16, 2022 to Mar 20, 2023
  • HNW RAUM · $69.6M to $82.1M
    Mar 16, 2022 to Mar 20, 2023
  • Individual RAUM · $30.8M to $11.6M
    Mar 16, 2022 to Mar 20, 2023
  • Non-discretionary RAUM · $70.5M to $60.5M
    Mar 16, 2022 to Mar 20, 2023
  • Pension RAUM · $5.1M to $4.4M
    Mar 16, 2022 to Mar 20, 2023
  • RAUM · $106M to $98.1M
    Mar 16, 2022 to Mar 20, 2023
  • Accounts · 794 to 846
    Mar 17, 2021 to Mar 16, 2022
  • Advisory employees · 3 to 4
    Mar 17, 2021 to Mar 16, 2022
  • BD registered reps · 2 to 3
    Mar 17, 2021 to Mar 16, 2022
  • HNW clients · 44 to 36
    Mar 17, 2021 to Mar 16, 2022
  • Individual clients · 103 to 99
    Mar 17, 2021 to Mar 16, 2022
  • Assets in custody · $7.2M to $6.9M
    Mar 17, 2021 to Mar 16, 2022
  • State-registered IARs · 2 to 4
    Mar 17, 2021 to Mar 16, 2022
  • Discretionary RAUM · $10.2M to $35.0M
    Mar 17, 2021 to Mar 16, 2022
  • HNW RAUM · $80.5M to $69.6M
    Mar 17, 2021 to Mar 16, 2022
  • Individual RAUM · $25.1M to $30.8M
    Mar 17, 2021 to Mar 16, 2022
  • Non-discretionary RAUM · $102M to $70.5M
    Mar 17, 2021 to Mar 16, 2022
  • Pension RAUM · $6.2M to $5.1M
    Mar 17, 2021 to Mar 16, 2022
  • RAUM · $112M to $106M
    Mar 17, 2021 to Mar 16, 2022
  • Accounts · 1,080 to 794
    Dec 1, 2020 to Mar 17, 2021
Signals
7 dated events
  • Wmbc no longer on the SEC adviser roster (last listed 2025-03-06, RAUM $116.2M)
    May 2, 2025 · Left the SEC roster · derived
  • David Scott Coles left Wmbc for Farther (registered 2024-12-20)
    Mar 22, 2025 · Advisor changed firm · fact
  • 2 advisors left Wmbc (Irvine, CA) for Farther on the same day
    Mar 22, 2025 · Team lift-out · derived
  • David Sheldon Coles left Wmbc for Farther (registered 2024-12-19)
    Mar 22, 2025 · Advisor changed firm · fact
  • Mickey Mitsuo Payne left Wmbc for Advisors On Call (registered 2025-09-08)
    Mar 22, 2025 · Advisor changed firm · fact
  • Kenneth Francis Galanis left Wmbc for Lpl Financial Llc (registered 2024-03-04)
    Feb 26, 2024 · Advisor changed firm · fact
  • Wealth Management & Business Concepts filed its initial SEC registration (Form ADV)
    Sep 26, 2014 · 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.
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