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

H•••••• • W•••• A•••• M••••••••• I•••

Broker-dealer affiliated wealth managerParsippany, New JerseyCRD 126236SEC 801-61977websiteIAPD
Latest filing Aug 31, 2026
First filing on the tape Jan 10, 2012 · 39 filings
SEC status approved since May 2, 2003
RAUM
$769M
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
94%
$723M individuals and HNW
Advisors
71
registered through the firm on IAPD
RAUM per advisor
$10.8M
derived; firm RAUM over IAPD count
Employees
75
11 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
39 filings and snapshots on the tape
RAUM$769M as of Aug 31, 2026
Jan 10, 2012$104M then
HNW client RAUM$334M as of Aug 31, 2026
Mar 28, 2018$72.9M then
State-registered IARs (5.B.3)55 as of Aug 31, 2026
Jan 3, 20130 then
Employees (5.A)75 as of Aug 31, 2026
Jan 3, 201350 then
Private funds: no history
RAUM +63% over the last fiscal year+27% a year over threeIARs 65 to 55
Practice profile
derived from the filing of Aug 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$10.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
15derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.3MderivedHNW RAUM over HNW clients
Average account
$422,201derivedRAUM over accounts (5.F.2.f)
Discretionary
96%derivedof RAUM
Institutional
5.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.1derivedItem 5.A over advisors
Advisors per office
35.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+63%derivedbetween the last two annual amendments
Advisor growth, one year
-15%derivedItem 5.B.3 between annual amendments
Client growth, one year
+53%derived
Compensation
percentage of assets, commissionsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
Wrap fee program
$715MreportedItem 5.I
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 a broker-dealer (6.A.1)
  • is an insurance broker or agent (6.A.6)
  • 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)
  • 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)
  • a related person acts as qualified custodian (9.D.2)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$389M51%
  • High-net-worth individuals$334M44%
  • Charitable organizations$32.1M4.2%
  • Pension and profit-sharing plans$10.0M1.3%
  • Corporations and businesses$3.5M0.4%
Individual clients
940reported
HNW clients
147reported
Pension plan clients
n/areported
Charitable clients
6reported
Accounts
1,821reported
Financial planning clients
51-100reported
Wrap fee programs
$24.4M sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUM, commissionsreported
Class basis
private_client_share=0.94 fund_share=0.0 institutional_share=0.05 related_bd=true related_bank=false bd_reps=55.0derived
Advisors registered through the firm
71 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
K•••• D•••••• M•••Parsippany, NjFeb 2, 200622 y1
D•••• D•••••••••Parsippany, NjMay 1, 200734 y1
W•••••• H••••••Parsippany, NjJul 20, 200736 y0
L••••• C•••••••• F••••Parsippany, NjAug 27, 200724 y0
J••••• I••••• R••••••••Parsippany, NjAug 29, 200728 y0
G•••• H•••• H•••••Parsippany, NjSep 5, 200731 y0
J••• V•••••• W••••••Parsippany, NjSep 6, 200728 y0
P•••••• T•••••• W••••Parsippany, NjOct 10, 200732 y0
S•••••• G••••• K•••••••Parsippany, NjNov 6, 200736 y0
E••• P•••••• M••••••Parsippany, NjNov 23, 200733 y1
J•••• S•••••• M••••••••Parsippany, NjNov 23, 200728 y2
R•••••• P•••• H••••Parsippany, NjNov 27, 200733 y0
J••••• J•••• E••••••Parsippany, NjFeb 8, 200825 y0
B•••• C••••••••• R•••••Parsippany, NjFeb 11, 200825 y0
A•••• C••••• F••••••Parsippany, NjFeb 19, 200836 y0
V•••• L••••••••Parsippany, NjFeb 22, 200821 y0
M•••••• P••• P••••Parsippany, NjJul 1, 200827 y0
R••••• C••••••• L••••••••Parsippany, NjJul 14, 200825 y0
J••• D••••••••• T••••••••Parsippany, NjMar 8, 201027 y0
K•••• H• P••••Certified Financial PlannerParsippany, NjDec 21, 201016 y0
H•••• J•••• S•••••••••Parsippany, NjDec 21, 201017 y0
S•••••••• A••• R••••Parsippany, NjDec 21, 201017 y0
S•••••• J•••• Z•••••••••Parsippany, NjFeb 25, 201116 y1
S••• M•••••• L••••Parsippany, NjOct 5, 201129 y0
B•••• J• P••••••••Parsippany, NjJul 12, 201214 y1
P•••••• M•••••• S••••••Parsippany, NjJan 5, 201527 y0
M••• S• S•••••••Parsippany, NjMar 25, 201518 y0
R••• M•••••• S•••••••••Parsippany, NjMay 2, 201612 y0
M••••• A••••••• O•••••••••Parsippany, NjMay 12, 201626 y0
F•••• M•••••• I•••••••Parsippany, NjJul 28, 201621 y0
S•••••• K• M••••• J•Parsippany, NjJul 28, 201614 y0
Z•••••• W•••••• W••••Parsippany, NjAug 4, 201613 y0
K••• A••••• J••••Parsippany, NjAug 4, 201615 y0
F•••• B•••• J•Parsippany, NjAug 4, 201615 y0
W•••••• A••••• W•••••••••Parsippany, NjAug 10, 201618 y0
T•••••• P•••• C••••••Boca Raton, Fl Sep 1, 201640 y3
M••• A•••••• C••••Parsippany, Nj Sep 1, 201642 y3
C••••••••• R•• M•••••••••Parsippany, NjNov 15, 201613 y0
S••• J• M•••••••Parsippany, NjJun 20, 201818 y0
J••••• T••••• Y•••Parsippany, NjJun 20, 201827 y0
All 71 advisors at H•••••• • W•••• A•••• M••••••••• I•••
Advisor movement
4 left, 3 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 5.6% of current headcount7 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • F••••••••• P•••••• · Chief Compliance Officercontrol
    since 02/2019 · owns less than 5%
  • H••••••• R•••••• · Ownercontrol
    since 11/1989 · owns 50% to 75%
  • M•••• K••••• D•••••• · Presidentcontrol
    since 03/2011 · owns less than 5%
  • W••••• W••••••• W••••• · Ownercontrol
    since 11/1989 · owns 50% to 75%
Related persons
Schedule D 7.A
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Parsippany, Nj · principal7164
Boca Raton, Fl410
Offices
Schedule D 1.F, the 25 largest
  • Boca Raton, FL3 employees
What changed
consecutive filings, newest first
  • Accounts · 1,423 to 1,821
    Jan 7, 2026 to Mar 30, 2026
  • Charity clients · 5 to 6
    Jan 7, 2026 to Mar 30, 2026
  • Corporate clients · 5 to 6
    Jan 7, 2026 to Mar 30, 2026
  • HNW clients · 100 to 147
    Jan 7, 2026 to Mar 30, 2026
  • Individual clients · 751 to 940
    Jan 7, 2026 to Mar 30, 2026
  • Financial planning clients · 101-250 to 51-100
    Jan 7, 2026 to Mar 30, 2026
  • Discretionary RAUM · $566M to $742M
    Jan 7, 2026 to Mar 30, 2026
  • HNW RAUM · $267M to $334M
    Jan 7, 2026 to Mar 30, 2026
  • Individual RAUM · $280M to $389M
    Jan 7, 2026 to Mar 30, 2026
  • Non-discretionary RAUM · $24.1M to $27.1M
    Jan 7, 2026 to Mar 30, 2026
  • Pension RAUM · $8.6M to $10.0M
    Jan 7, 2026 to Mar 30, 2026
  • RAUM · $590M to $769M
    Jan 7, 2026 to Mar 30, 2026
  • Wrap assets (sponsor) · $24.1M to $24.4M
    Jan 7, 2026 to Mar 30, 2026
  • Financial planning clients · 101-250 to 101-250
    May 1, 2025 to Jul 31, 2025
  • Accounts · 1,178 to 1,423
    Mar 5, 2025 to May 1, 2025
  • Advisory employees · 7 to 11
    Mar 5, 2025 to May 1, 2025
  • BD registered reps · 65 to 55
    Mar 5, 2025 to May 1, 2025
  • Charity clients · 4 to 5
    Mar 5, 2025 to May 1, 2025
  • Corporate clients · 6 to 5
    Mar 5, 2025 to May 1, 2025
  • HNW clients · 87 to 100
    Mar 5, 2025 to May 1, 2025
  • Individual clients · 623 to 751
    Mar 5, 2025 to May 1, 2025
  • Pension plan clients · 2.0 to unset
    Mar 5, 2025 to May 1, 2025
  • Employees · 70 to 75
    Mar 5, 2025 to May 1, 2025
  • Financial planning clients · 51-100 to 101-250
    Mar 5, 2025 to May 1, 2025
  • State-registered IARs · 65 to 55
    Mar 5, 2025 to May 1, 2025
  • Discretionary RAUM · $453M to $566M
    Mar 5, 2025 to May 1, 2025
  • HNW RAUM · $222M to $267M
    Mar 5, 2025 to May 1, 2025
  • Individual RAUM · $211M to $280M
    Mar 5, 2025 to May 1, 2025
  • Non-discretionary RAUM · $20.0M to $24.1M
    Mar 5, 2025 to May 1, 2025
  • Pension RAUM · $7.8M to $8.6M
    Mar 5, 2025 to May 1, 2025
  • RAUM · $473M to $590M
    Mar 5, 2025 to May 1, 2025
  • Wrap assets (sponsor) · $20.0M to $24.1M
    Mar 5, 2025 to May 1, 2025
  • Accounts · 1,056 to 1,178
    Jan 31, 2024 to Mar 27, 2024
  • Charity clients · 5 to 4
    Jan 31, 2024 to Mar 27, 2024
  • Corporate clients · 7 to 6
    Jan 31, 2024 to Mar 27, 2024
  • HNW clients · 122 to 87
    Jan 31, 2024 to Mar 27, 2024
  • Individual clients · 667 to 623
    Jan 31, 2024 to Mar 27, 2024
  • Pension plan clients · 12 to 2
    Jan 31, 2024 to Mar 27, 2024
  • Discretionary RAUM · $363M to $453M
    Jan 31, 2024 to Mar 27, 2024
  • HNW RAUM · $202M to $222M
    Jan 31, 2024 to Mar 27, 2024
Signals
21 dated events
  • J••••• A• T•••• left H•••••• • W•••• A•••• M••••••••• I••• for J••• M••••• S••••••••• L•• (registered 2026-07-02)
    Jun 18, 2026 · a•••••• firm change · fact
  • J••••• P••••• left H•••••• • W•••• A•••• M••••••••• I••• for F••••• I••••••••• (registered 2026-04-21)
    Apr 17, 2026 · a•••••• firm change · fact
  • J•••••• S••••••• left H•••••• • W•••• A•••• M••••••••• I••• for S•••••••• A••••••• L•• (registered 2026-04-29)
    Apr 6, 2026 · a•••••• firm change · fact
  • H•••••• • W•••• A•••• M••••••••• I••• reported RAUM $768.8M, up 30% from $590.1M (2026-01-07 to 2026-03-30)
    Mar 30, 2026 · RAUM change · derived
  • S•••• M••••••• S••••• left H•••••• • W•••• A•••• M••••••••• I••• for A••••• A•• P••••••• S••••••• (registered 2025-11-10)
    Oct 21, 2025 · a•••••• firm change · fact
  • D••••• M•••••• left H•••••• • W•••• A•••• M••••••••• I••• for U•• F•••••••• S••••••• I••• (registered 2025-08-21)
    Jun 9, 2025 · a•••••• firm change · fact
  • D•••• A••••• P••• left H•••••• • W•••• A•••• M••••••••• I••• for B••••• T•••• (registered 2025-05-13)
    Apr 24, 2025 · a•••••• firm change · fact
  • K•••• K•••••••• left H•••••• • W•••• A•••• M••••••••• I••• for C••••••••• A••••••• (registered 2025-09-23)
    Jan 2, 2025 · a•••••• firm change · fact
  • S••••• T• H••••• left H•••••• • W•••• A•••• M••••••••• I••• for M•••••• L••••• P•••••• F••••• • S•••• I••••••••• (registered 2023-05-02)
    May 8, 2023 · a•••••• firm change · fact
  • R•••••• G• J••••• left H•••••• • W•••• A•••• M••••••••• I••• for A••••••• A•••• M••••••••• I••• (registered 2023-03-01)
    Mar 3, 2023 · a•••••• firm change · fact
  • C•••••• J•• S••••••• left H•••••• • W•••• A•••• M••••••••• I••• for A••••• A•• P••••••• S••••••• (registered 2023-02-16)
    Jan 24, 2023 · a•••••• firm change · fact
  • D••••• J••••• D••••••••• left H•••••• • W•••• A•••• M••••••••• I••• for J••• M••••• S••••••••• L•• (registered 2023-07-10)
    Dec 20, 2022 · a•••••• firm change · fact
  • I•• A• L•••••••• left H•••••• • W•••• A•••• M••••••••• I••• for J••• M••••• P•••••• W••••• A••••••• L•• (registered 2022-04-29)
    May 6, 2022 · a•••••• firm change · fact
  • H•••••• • W•••• A•••• M••••••••• I••• reported RAUM $424.2M, up 34% from $315.6M (2021-09-03 to 2022-03-30)
    Mar 30, 2022 · RAUM change · derived
  • Ann Deborah Hoffmann (Chief Financial Officer) no longer on Schedule A of H•••••• • W•••• A•••• M••••••••• I••• (listed 2021-09-03, absent 2022-03-30)
    Mar 30, 2022 · Control person left · inference
  • H•••••• • W•••• A•••• M••••••••• I••• reported 65 state-registered advisory representatives, up from 50 (2020-01-21 to 2020-03-27)
    Mar 27, 2020 · ria a•••••• headcount change · derived
  • Ann Wendy Wurst (Chief Compliance Officer) no longer on Schedule A of H•••••• • W•••• A•••• M••••••••• I••• (listed 2020-01-21, absent 2020-03-27)
    Mar 27, 2020 · Control person left · inference
  • P•••••• F••••••••• (Chief Compliance Officer) appeared on Schedule A of H•••••• • W•••• A•••• M••••••••• I•••
    Mar 27, 2020 · Control person joined · fact
  • H•••••• • W•••• A•••• M••••••••• I••• reported 50 state-registered advisory representatives, up from 0 (2019-02-21 to 2019-03-29)
    Mar 29, 2019 · ria a•••••• headcount change · derived
  • A•••••••• Vermitsky (Chief Compliance Officer) no longer on Schedule A of H•••••• • W•••• A•••• M••••••••• I••• (listed 2018-10-02, absent 2019-02-21)
    Feb 21, 2019 · Control person left · inference
  • Ann Wendy Wurst (Chief Compliance Officer) appeared on Schedule A of H•••••• • W•••• A•••• M••••••••• I•••
    Feb 21, 2019 · Control person joined · 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
Firm profile
linkedin.com/company/hennion-&-walshreportedpublic record, Form ADV, Sep 18, 2026
Website
hennionandwalsh.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
973-299-8989reportedpublic record, Form ADV, Aug 31, 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
Broker-dealer affiliated wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$10.8Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026