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
Michael D. Taxman Investment Management
Legal name Michael D. Taxman Investment Management,LLC
Latest filing Feb 3, 2026
First filing on the tape Jul 1, 2024 · 7 filings
SEC status approved since Aug 6, 2024
RAUM
$137M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$137M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$137M
derived; firm RAUM over IAPD count
Employees
1
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM$137M as of Feb 3, 2026
Jan 23, 2025$117M then
HNW client RAUM$134M as of Feb 3, 2026
Jan 23, 2025$115M then
State-registered IARs (5.B.3)1 as of Feb 3, 2026
Jan 23, 20251 then
Employees (5.A)1 as of Feb 3, 2026
Jan 23, 20251 then
Private funds: no history
RAUM +18% over the last fiscal yearIARs 1 to 1
Practice profile
derived from the filing of Feb 3, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $137MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 27derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $7.9MderivedHNW RAUM over HNW clients
- Average account
- $1.8MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +18%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 assetsreportedItem 5.E
- Advisory activities
- portfolio management for individualsreportedItem 5.G
- Custody
- $55.9M, 12 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$134M97%
- Individuals$3.6M2.6%
- Individual clients
- 10reported
- HNW clients
- 17reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 76reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $55.9M for 12 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Michael David Taxman | Hanover, Nh | Jun 11, 2003 | 27 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
none on the tape
Joined, latest
- Michael David Taxman from First Financial ResourcesJun 11, 2003 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- David Michael Taxman · Principal/Managing Member/Chief Compliance Officercontrolsince 03/2003 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 70 to 76Sep 9, 2025 to Feb 3, 2026
- HNW clients · 18 to 17Sep 9, 2025 to Feb 3, 2026
- Individual clients · 9 to 10Sep 9, 2025 to Feb 3, 2026
- Assets in custody · $45.5M to $55.9MSep 9, 2025 to Feb 3, 2026
- Discretionary RAUM · $117M to $137MSep 9, 2025 to Feb 3, 2026
- HNW RAUM · $115M to $134MSep 9, 2025 to Feb 3, 2026
- Individual RAUM · $1.6M to $3.6MSep 9, 2025 to Feb 3, 2026
- RAUM · $117M to $137MSep 9, 2025 to Feb 3, 2026
- Accounts · 67 to 70Nov 4, 2024 to Jan 23, 2025
- Individual clients · 6 to 9Nov 4, 2024 to Jan 23, 2025
- Assets in custody · $45.4M to $45.5MNov 4, 2024 to Jan 23, 2025
- Financial planning clients · unset to Nov 4, 2024 to Jan 23, 2025
- Discretionary RAUM · $105M to $117MNov 4, 2024 to Jan 23, 2025
- HNW RAUM · $104M to $115MNov 4, 2024 to Jan 23, 2025
- Individual RAUM · $548,555 to $1.6MNov 4, 2024 to Jan 23, 2025
- RAUM · $105M to $117MNov 4, 2024 to Jan 23, 2025
- Assets in custody · unset to 45448598.0Aug 14, 2024 to Nov 4, 2024
- Custody of client assets · false to trueAug 14, 2024 to Nov 4, 2024
Signals
1 dated events
- Michael D. Taxman Investment Management filed its initial SEC registration (Form ADV)Jul 1, 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 email
- inquiry@mdtinvest.comreportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 603-643-1415reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- MDTINVEST.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 603-643-1415reportedpublic record, Form ADV, Feb 3, 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
- $137Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026