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
M•••••• J• P•••• • C•• F•••••••• A•••••••• I•••
Latest filing Mar 12, 2026
First filing on the tape Apr 4, 2012 · 12 filings
SEC status approved since May 2, 2024
RAUM
$169M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
97%
$164M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$84.3M
derived; firm RAUM over IAPD count
Employees
5
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$169M as of Mar 12, 2026
Apr 4, 2012$43.3M then
HNW client RAUM$98.9M as of Mar 12, 2026
Mar 5, 2025$85.5M then
State-registered IARs (5.B.3)2 as of Mar 12, 2026
Apr 4, 20120 then
Employees (5.A)5 as of Mar 12, 2026
Mar 5, 20255 then
Private funds: no history
RAUM +24% over the last fiscal yearIARs 0 to 2
Practice profile
derived from the filing of Mar 12, 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
- 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $84.3MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 105derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.7MderivedHNW RAUM over HNW clients
- Average account
- $791,930derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 0.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +24%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- -32%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
- Custody
- $4.8M, 5 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
- is an insurance broker or agent (6.A.6)
- has discretionary authority over which securities are bought or sold (8.C.1)
- 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$98.9M59%
- Individuals$65.4M39%
- Pooled investment vehicles$3.5M2.1%
- Charitable organizations$878,1440.5%
- Individual clients
- 152reported
- HNW clients
- 58reported
- Pension plan clients
- 0reported
- Charitable clients
- 1reported
- Accounts
- 213reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $4.8M for 5 clientsreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.97 fund_share=0.02 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M•••••• J••• P••••Certified Financial Planner | Old Tappan, Nj | Jan 1, 2026 | 23 y | 1 |
| C••••••••• J••• D•••••••• | Old Tappan, Nj | Jan 1, 2026 | 17 y | 1 |
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
- W••••••• M•• to S••••••• A•••• M•••••••••Sep 1, 2020 · Other
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- P••••• M••••••• J••• · President/Chief Compliance Officercontrolsince 09/2002 · owns 75% or more
- S••••• D•••• M•••• · Office Managersince 02/2005 · owns 5% to 10%
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 |
|---|---|---|---|---|---|
| Old Tappan, Nj · principal | 2 | 2 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- clients down average size upCombination · filing Mar 12, 2026private 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 $136,292,845 to $168,681,187, advisors 0 to 2, private clients 310 to 210, offices 0 to 0 (2025-03-05 to 2026-03-12)peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 310 to 213Oct 20, 2025 to Mar 12, 2026
- HNW clients · 46 to 58Oct 20, 2025 to Mar 12, 2026
- Individual clients · 264 to 152Oct 20, 2025 to Mar 12, 2026
- Assets in custody · $5.9M to $4.8MOct 20, 2025 to Mar 12, 2026
- Discretionary RAUM · $136M to $166MOct 20, 2025 to Mar 12, 2026
- HNW RAUM · $85.5M to $98.9MOct 20, 2025 to Mar 12, 2026
- Individual RAUM · $46.4M to $65.4MOct 20, 2025 to Mar 12, 2026
- Non-discretionary RAUM · $0 to $3.1MOct 20, 2025 to Mar 12, 2026
- RAUM · $136M to $169MOct 20, 2025 to Mar 12, 2026
- State-registered IARs · 0 to 2May 5, 2025 to Oct 20, 2025
- Financial planning clients · 251-500 to 251-500May 1, 2025 to May 5, 2025
- Business name · M•••••• J• P•••• • C•• F•••••••• A•••••• I•• to M•••••• J• P•••• • C•• F•••••••• A•••••••• I•••Mar 5, 2025 to May 1, 2025
- Legal name · M•••••• J• P•••• • C•• F•••••••• A•••••• I•• to M•••••• J• P•••• • C•• F•••••••• A•••••••• I•••Mar 5, 2025 to May 1, 2025
- Accounts · 287 to 310Jul 15, 2024 to Mar 5, 2025
- Business name · M•••••• J• P•••• • C•• F•••••••• A•••••••• L•• to M•••••• J• P•••• • C•• F•••••••• A•••••• I••Jul 15, 2024 to Mar 5, 2025
- HNW clients · 55 to 46Jul 15, 2024 to Mar 5, 2025
- Individual clients · 232 to 264Jul 15, 2024 to Mar 5, 2025
- Pooled vehicle clients · 32 to 3Jul 15, 2024 to Mar 5, 2025
- Assets in custody · $5.4M to $5.9MJul 15, 2024 to Mar 5, 2025
- Financial planning clients · 26-50 to 251-500Jul 15, 2024 to Mar 5, 2025
- Legal name · M•••••• J. P•••• & CO. FINANCIAL A•••••• LLC to M•••••• J• P•••• • C•• F•••••••• A•••••• I••Jul 15, 2024 to Mar 5, 2025
- Discretionary RAUM · $120M to $136MJul 15, 2024 to Mar 5, 2025
- HNW RAUM · $81.1M to $85.5MJul 15, 2024 to Mar 5, 2025
- Individual RAUM · $34.1M to $46.4MJul 15, 2024 to Mar 5, 2025
- RAUM · $120M to $136MJul 15, 2024 to Mar 5, 2025
- Succession · true to falseJul 15, 2024 to Mar 5, 2025
- Organization form · Limited Liability Company to CorporationMay 10, 2024 to Jul 15, 2024
- Succession · false to trueMay 10, 2024 to Jul 15, 2024
- Accounts · 277 to 287Jun 14, 2012 to Apr 2, 2024
- Advisory employees · unset to 2.0Jun 14, 2012 to Apr 2, 2024
- Charity clients · unset to 1.0Jun 14, 2012 to Apr 2, 2024
- Corporate clients · unset to 0.0Jun 14, 2012 to Apr 2, 2024
- HNW clients · unset to 55.0Jun 14, 2012 to Apr 2, 2024
- Individual clients · unset to 232.0Jun 14, 2012 to Apr 2, 2024
- Pension plan clients · unset to 0.0Jun 14, 2012 to Apr 2, 2024
- Pooled vehicle clients · unset to 32.0Jun 14, 2012 to Apr 2, 2024
- Assets in custody · unset to 5395642.0Jun 14, 2012 to Apr 2, 2024
- Custody of client assets · false to trueJun 14, 2012 to Apr 2, 2024
- Employees · unset to 5.0Jun 14, 2012 to Apr 2, 2024
- Financial planning clients · 101-250 to 26-50Jun 14, 2012 to Apr 2, 2024
Signals
2 dated events
- M•••••• J• P•••• • C•• F•••••••• A•••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)Jul 15, 2024 · Succession (Item 4) · fact
- M•••••• J• P•••• • C•• F•••••••• A•••••••• L•• filed its initial SEC registration (Form ADV)Apr 2, 2024 · 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 phone
- 201-768-0218reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 201-768-6467reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/michael-j.-porro-&-coreportedpublic record, Form ADV, Sep 18, 2026
- Website
- porrofinancialadvisors.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 201-768-0218reportedpublic record, Form ADV, Mar 12, 2026
- Team page
- porrofinancial.com/our-team.htmlreportedpublished by the firm, firm site, Sep 16, 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
- $84.3Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026