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.

Former SEC-registered adviser

Pwa Wealth Management

Former SEC-registered adviserGreensburg, PennsylvaniaCRD 126927SEC 801-62312IAPD
Legal name Private Wealth Advisors, Inc.
Latest filing Jan 11, 2021
First filing on the tape Dec 23, 2011 · 34 filings
RAUM
$575M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
88%
$503M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
13
8 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
34 filings and snapshots on the tape
RAUM$575M as of Mar 27, 2020
Mar 30, 2012$770M then
HNW client RAUM$307M as of Mar 27, 2020
Mar 29, 2018$222M then
State-registered IARs (5.B.3)10 as of Mar 27, 2020
Mar 30, 20120 then
Employees (5.A)13 as of Mar 27, 2020
Mar 22, 201320 then
Private funds: no history
RAUM -11% over the last fiscal year-0.4% a year over threeIARs 11 to 10
Practice profile
derived from the filing of Jan 11, 2021; every figure names its basis
RAUM per advisor
$57.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
95derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.9MderivedHNW RAUM over HNW clients
Average account
$260,321derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
10%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
3.3derived3 offices incl. principal (1.F.5)
RAUM growth, one year
-11%derivedbetween the last two annual amendments
Advisor growth, one year
-9.1%derivedItem 5.B.3 between annual amendments
Client growth, one year
+2.6%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, otherreportedItem 5.G
Financial planning clients
1,000reportedItem 5.H
Custody
$26.3M, 33 clientsreportedItem 9.A
Ownership
controlled by a public reporting companyderived
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)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$307M53%
  • Individuals$196M34%
  • Charitable organizations$51.1M8.9%
  • Corporations and businesses$12.2M2.1%
  • Pension and profit-sharing plans$8.4M1.5%
Individual clients
795reported
HNW clients
159reported
Pension plan clients
7reported
Charitable clients
5reported
Accounts
2,209reported
Financial planning clients
1,000reported
Wrap fee programs
noreported
Custody of client assets
$26.3M for 33 clientsreported
Compensation
% of AUM, fixedreported
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
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Arthur Michael Divens · Chief Investment Officercontrol
      since 01/2019 · owns less than 5%
    • Steven Joseph Jr Dreskler · Chief Financial Officercontrol
      since 01/2019 · owns less than 5%
    • Nicholas Anthony Scarpo · Chief Compliance Officer/President/General Counselcontrol
      since 07/2019 · owns less than 5%
    • Anthony Joseph Scarpo · Ceo/Ownercontrol
      since 07/2015 · owns 75% or more
    Related persons
    Schedule D 7.A
    Offices
    Schedule D 1.F, the 25 largest
    • Pittsburgh, PA1 employees
    • , 1 employees
    What changed
    consecutive filings, newest first
    • Related adviser · false to true
      Dec 10, 2020 to Jan 11, 2021
    • Related broker-dealer · false to true
      Dec 10, 2020 to Jan 11, 2021
    • Accounts · 2,320 to 2,209
      Nov 25, 2019 to Mar 27, 2020
    • Advisory employees · 9 to 8
      Nov 25, 2019 to Mar 27, 2020
    • Charity clients · 10 to 5
      Nov 25, 2019 to Mar 27, 2020
    • Corporate clients · 12 to 3
      Nov 25, 2019 to Mar 27, 2020
    • HNW clients · 158 to 159
      Nov 25, 2019 to Mar 27, 2020
    • Individual clients · 772 to 795
      Nov 25, 2019 to Mar 27, 2020
    • Pension plan clients · 11 to 7
      Nov 25, 2019 to Mar 27, 2020
    • Pooled vehicle clients · unset to 0.0
      Nov 25, 2019 to Mar 27, 2020
    • Assets in custody · $32.8M to $26.3M
      Nov 25, 2019 to Mar 27, 2020
    • Employees · 15 to 13
      Nov 25, 2019 to Mar 27, 2020
    • State-registered IARs · 11 to 10
      Nov 25, 2019 to Mar 27, 2020
    • Discretionary RAUM · $649M to $574M
      Nov 25, 2019 to Mar 27, 2020
    • HNW RAUM · $199M to $307M
      Nov 25, 2019 to Mar 27, 2020
    • Individual RAUM · $361M to $196M
      Nov 25, 2019 to Mar 27, 2020
    • Non-discretionary RAUM · $0 to $591,704
      Nov 25, 2019 to Mar 27, 2020
    • Pension RAUM · $12.8M to $8.4M
      Nov 25, 2019 to Mar 27, 2020
    • RAUM · $649M to $575M
      Nov 25, 2019 to Mar 27, 2020
    • Accounts · 2,129 to 2,320
      Jan 25, 2019 to Mar 29, 2019
    • BD registered reps · 11 to 0
      Jan 25, 2019 to Mar 29, 2019
    • Charity clients · 12 to 10
      Jan 25, 2019 to Mar 29, 2019
    • Corporate clients · 11 to 12
      Jan 25, 2019 to Mar 29, 2019
    • HNW clients · 101 to 158
      Jan 25, 2019 to Mar 29, 2019
    • Individual clients · 873 to 772
      Jan 25, 2019 to Mar 29, 2019
    • Pension plan clients · 22 to 11
      Jan 25, 2019 to Mar 29, 2019
    • Assets in custody · $30.9M to $32.8M
      Jan 25, 2019 to Mar 29, 2019
    • Employees · 12 to 15
      Jan 25, 2019 to Mar 29, 2019
    • State-registered IARs · 7 to 11
      Jan 25, 2019 to Mar 29, 2019
    • Other offices · 3 to 2
      Jan 25, 2019 to Mar 29, 2019
    • Discretionary RAUM · $659M to $649M
      Jan 25, 2019 to Mar 29, 2019
    • HNW RAUM · $222M to $199M
      Jan 25, 2019 to Mar 29, 2019
    • Individual RAUM · $344M to $361M
      Jan 25, 2019 to Mar 29, 2019
    • Pension RAUM · $11.3M to $12.8M
      Jan 25, 2019 to Mar 29, 2019
    • RAUM · $659M to $649M
      Jan 25, 2019 to Mar 29, 2019
    • Related broker-dealer · true to false
      Jan 25, 2019 to Mar 29, 2019
    • HQ city · PITTSBURGH to GREENSBURG
      Mar 29, 2018 to Jan 25, 2019
    • Accounts · 2,063 to 2,129
      Sep 28, 2017 to Mar 29, 2018
    • BD registered reps · 13 to 11
      Sep 28, 2017 to Mar 29, 2018
    • Charity clients · unset to 12.0
      Sep 28, 2017 to Mar 29, 2018
    Signals
    3 dated events
    • Arthur Michael Divens (Chief Investment Officer) appeared on Schedule A of Pwa Wealth Management
      Jul 23, 2019 · Control person joined · fact
    • Nicholas Anthony Scarpo (Chief Compliance Officer/President/General Counsel) appeared on Schedule A of Pwa Wealth Management
      Jul 23, 2019 · Control person joined · fact
    • Steven Joseph Jr Dreskler (Chief Financial Officer) appeared on Schedule A of Pwa Wealth Management
      Jul 23, 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.
    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