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
Mws Capital Consultants LLC
Latest filing Feb 18, 2026
First filing on the tape Mar 14, 2022 · 9 filings
SEC status approved since Apr 15, 2022
RAUM
$194M
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
87%
$168M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$48.4M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$194M as of Feb 18, 2026
Feb 14, 2023$102M then
HNW client RAUM$152M as of Feb 18, 2026
Feb 14, 2023$78.4M then
State-registered IARs (5.B.3)3 as of Feb 18, 2026
Feb 14, 20233 then
Employees (5.A)3 as of Feb 18, 2026
Feb 14, 20233 then
Private funds: no history
RAUM +23% over the last fiscal year+24% a year over threeIARs 2 to 3
Practice profile
derived from the filing of Feb 18, 2026; every figure names its basis
Archetypes, each a printed rule
- 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
- RAUM per advisor
- $48.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 31derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.6MderivedHNW RAUM over HNW clients
- Average account
- $431,351derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 96%derivedof RAUM
- Institutional
- 7.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.8derivedItem 5.A over advisors
- Advisors per office
- 2.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +23%derivedbetween the last two annual amendments
- Advisor growth, one year
- +50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +2.5%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Custody
- $346,075, 4 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$152M79%
- Individuals$15.9M8.2%
- Pension and profit-sharing plans$14.8M7.6%
- Corporations and businesses$10.7M5.5%
- Individual clients
- 65reported
- HNW clients
- 59reported
- Pension plan clients
- 12reported
- Charitable clients
- n/areported
- Accounts
- 449reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- $346,075 for 4 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.87 fund_share=0.0 institutional_share=0.08 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Matthew Wayne Shapiro | Chicago, Il | Jun 23, 2003 | 23 y | 0 |
| William James Alt | Chicago, Il | Oct 27, 2020 | 25 y | 0 |
| Beth Mary Smyth | Chicago, Il | Jun 30, 2025 | 12 y | 0 |
| Ryan William Hartung | Chicago, Il | May 29, 2026 | 11 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Sean Patrick Tully to Ghp Investment Advisors IncApr 20, 2021 · RIA to RIA
- Brian Scott Stutland to Equity Armor InvestmentsFeb 12, 2010 · RIA to a newly registered adviser
- Thomas John O'Connor to Td Ameritrade, Inc.Aug 5, 2009 · RIA to a newly registered adviser
Joined, latest
- Thomas John O'Connor from Strategic Advisers LLCApr 14, 2009 · Affiliated broker-dealer or bank to independent RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Wayne Matthew Shapiro · Chief Compliance Officercontrolsince 01/2003 · owns 75% or more
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 |
|---|---|---|---|---|---|
| Chicago, Il · principal | 4 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Chicago, IL2 employees
What changed
consecutive filings, newest first
- Accounts · 425 to 449Jul 9, 2025 to Feb 18, 2026
- Corporate clients · 5 to 6Jul 9, 2025 to Feb 18, 2026
- HNW clients · 52 to 59Jul 9, 2025 to Feb 18, 2026
- Individual clients · 69 to 65Jul 9, 2025 to Feb 18, 2026
- Pension plan clients · 11 to 12Jul 9, 2025 to Feb 18, 2026
- Assets in custody · $246,149 to $346,075Jul 9, 2025 to Feb 18, 2026
- Discretionary RAUM · $148M to $186MJul 9, 2025 to Feb 18, 2026
- HNW RAUM · $121M to $152MJul 9, 2025 to Feb 18, 2026
- Individual RAUM · $16.6M to $15.9MJul 9, 2025 to Feb 18, 2026
- Non-discretionary RAUM · $8.9M to $7.8MJul 9, 2025 to Feb 18, 2026
- Pension RAUM · $12.0M to $14.8MJul 9, 2025 to Feb 18, 2026
- RAUM · $157M to $194MJul 9, 2025 to Feb 18, 2026
- Advisory employees · 2 to 3Feb 14, 2025 to Jul 9, 2025
- Assets in custody · unset to 246149.0Feb 14, 2025 to Jul 9, 2025
- Custody of client assets · false to trueFeb 14, 2025 to Jul 9, 2025
- Employees · 2 to 3Feb 14, 2025 to Jul 9, 2025
- Financial planning clients · 11-25 to 11-25Feb 14, 2025 to Jul 9, 2025
- State-registered IARs · 2 to 3Feb 14, 2025 to Jul 9, 2025
- Discretionary RAUM · $148M to $148MFeb 14, 2025 to Jul 9, 2025
- Individual RAUM · $16.6M to $16.6MFeb 14, 2025 to Jul 9, 2025
- RAUM · $157M to $157MFeb 14, 2025 to Jul 9, 2025
- Accounts · 404 to 425Oct 25, 2024 to Feb 14, 2025
- HNW clients · 50 to 52Oct 25, 2024 to Feb 14, 2025
- Pension plan clients · 10 to 11Oct 25, 2024 to Feb 14, 2025
- HQ city · unset to CHICAGOOct 25, 2024 to Feb 14, 2025
- HQ state · unset to ILOct 25, 2024 to Feb 14, 2025
- Discretionary RAUM · $117M to $148MOct 25, 2024 to Feb 14, 2025
- HNW RAUM · $95.6M to $121MOct 25, 2024 to Feb 14, 2025
- Individual RAUM · $15.0M to $16.6MOct 25, 2024 to Feb 14, 2025
- Non-discretionary RAUM · $8.1M to $8.9MOct 25, 2024 to Feb 14, 2025
- Pension RAUM · $9.9M to $12.0MOct 25, 2024 to Feb 14, 2025
- RAUM · $126M to $157MOct 25, 2024 to Feb 14, 2025
- Employees · 3 to 2Feb 14, 2024 to Oct 25, 2024
- State-registered IARs · 3 to 2Feb 14, 2024 to Oct 25, 2024
- Accounts · 391 to 404Jun 29, 2023 to Feb 14, 2024
- Corporate clients · unset to 5.0Jun 29, 2023 to Feb 14, 2024
- HNW clients · 48 to 50Jun 29, 2023 to Feb 14, 2024
- Individual clients · 66 to 69Jun 29, 2023 to Feb 14, 2024
- Discretionary RAUM · $96.7M to $117MJun 29, 2023 to Feb 14, 2024
- HNW RAUM · $78.4M to $95.6MJun 29, 2023 to Feb 14, 2024
Signals
1 dated events
- Mws Capital Consultants Llc filed its initial SEC registration (Form ADV)Mar 14, 2022 · 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
- Website
- mwscapital.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 773-412-4302reportedpublic record, Form ADV, Feb 18, 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
- $48.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026