DFX Intelligence

RIA Intelligence

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SEC-registered adviser

B••••• I••••••••• A••••••• L••

Independent wealth managerGaithersburg, MarylandCRD 127368SEC 801-125799website IAPD

Latest filing Mar 27, 2026

First filing on the tape May 4, 2022 · 9 filings

SEC status approved since Jun 3, 2022

RAUM

$542M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

61%

$330M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$542M

derived; firm RAUM over IAPD count

Employees

1 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

9 filings and snapshots on the tape

RAUM$542M as of Mar 27, 2026

Mar 31, 2023$220M then

HNW client RAUM$223M as of Mar 27, 2026

Mar 31, 2023$145M then

State-registered IARs (5.B.3)1 as of Mar 27, 2026

Mar 31, 20231 then

Employees (5.A)2 as of Mar 27, 2026

Mar 31, 20231 then

Private funds: no history

RAUM +61% over the last fiscal year+35% a year over threeIARs 1 to 1

Practice profile

derived from the filing of Mar 27, 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
Solo or small team · one advisor, or a wealth manager with up to three advisors and one office

RAUM per advisor: $542MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 118derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $3.8MderivedHNW RAUM over HNW clients
Average account: $1.0MderivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 2.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 2.0derivedItem 5.A over advisors
Advisors per office: 1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year: +61%derivedbetween the last two annual amendments
Advisor growth, one year: +0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year: +8.3%derived
Compensation: percentage of assetsreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
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)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$223M41%
Corporations and businesses$200M37%
Individuals$107M20%
Pension and profit-sharing plans$11.5M2.1%

Individual clients: 59reported
HNW clients: 59reported
Pension plan clients: 6reported
Charitable clients: n/areported
Accounts: 533reported
Financial planning clients: 0reported
Wrap fee programs: noreported
Custody of client assets: noreported
Compensation: % of AUMreported
Class basis: private_client_share=0.61 fund_share=0.0 institutional_share=0.02 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
C•••••• P• A•••	Gaithersburg, Md	Oct 3, 2003	29 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

K••• A•••• H••••••• to S••• H••••• I••••••••• A•••••••• L••
Nov 30, 2010 · RIA to a state-registered adviser

Joined, latest

K••• A•••• H••••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••
Aug 19, 2003 · Wirehouse to independent RIA

Every departure Every arrival

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

A•••• C••••••• P• · Membercontrol
since 07/2003 · owns 75% or more
K••••••••• E•••• J••••• · Chief Compliance Officer
since 09/2024 · owns less than 5%

Related persons

Schedule D 7.A

B••••• R•• L••
LP sponsorn
C••• A••• • C• L••
insurancen

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

ADV anomalies

2 against comparable advisers; where to look, not conclusions

HNW share shiftChange between filings · filing Mar 27, 2026
HNW share of RAUM moved from 58.0% to 41.0% between the annual amendments of 2025-03-31 and 2026-03-27
peers: independent wealth managers, $500M to $1B (1,482)
RAUM up 50 %Change between filings · filing Mar 27, 2026
RAUM (Item 5.F) moved from $337,612,569 to $541,900,982 (+61.0%) between the annual amendments of 2025-03-31 and 2026-03-27; the peer median change was +16.0% (1385 comparable advisers, 95.0th percentile of changes)
peers: independent wealth managers, $500M to $1B (1,385) · 95% percentile

How anomalies are measured

What changed

consecutive filings, newest first

Accounts · 495 to 533
Mar 31, 2025 to Mar 27, 2026
HNW clients · 56 to 59
Mar 31, 2025 to Mar 27, 2026
Individual clients · 53 to 59
Mar 31, 2025 to Mar 27, 2026
Pension plan clients · 8 to 6
Mar 31, 2025 to Mar 27, 2026
Discretionary RAUM · $338M to $542M
Mar 31, 2025 to Mar 27, 2026
HNW RAUM · $197M to $223M
Mar 31, 2025 to Mar 27, 2026
Individual RAUM · $39.0M to $107M
Mar 31, 2025 to Mar 27, 2026
Pension RAUM · $10.7M to $11.5M
Mar 31, 2025 to Mar 27, 2026
RAUM · $338M to $542M
Mar 31, 2025 to Mar 27, 2026
Accounts · 452 to 495
Oct 2, 2024 to Mar 31, 2025
Corporate clients · 2 to 3
Oct 2, 2024 to Mar 31, 2025
HNW clients · 53 to 56
Oct 2, 2024 to Mar 31, 2025
Pension plan clients · 7 to 8
Oct 2, 2024 to Mar 31, 2025
Employees · 1 to 2
Oct 2, 2024 to Mar 31, 2025
Financial planning clients · 0 to 0
Oct 2, 2024 to Mar 31, 2025
Discretionary RAUM · $258M to $338M
Oct 2, 2024 to Mar 31, 2025
HNW RAUM · $165M to $197M
Oct 2, 2024 to Mar 31, 2025
Individual RAUM · $29.5M to $39.0M
Oct 2, 2024 to Mar 31, 2025
Pension RAUM · $14.1M to $10.7M
Oct 2, 2024 to Mar 31, 2025
RAUM · $258M to $338M
Oct 2, 2024 to Mar 31, 2025
Accounts · 391 to 452
Oct 31, 2023 to Mar 29, 2024
Corporate clients · 1 to 2
Oct 31, 2023 to Mar 29, 2024
HNW clients · 46 to 53
Oct 31, 2023 to Mar 29, 2024
Individual clients · 49 to 53
Oct 31, 2023 to Mar 29, 2024
Pension plan clients · 6 to 7
Oct 31, 2023 to Mar 29, 2024
Discretionary RAUM · $220M to $258M
Oct 31, 2023 to Mar 29, 2024
HNW RAUM · $145M to $165M
Oct 31, 2023 to Mar 29, 2024
Individual RAUM · $25.9M to $29.5M
Oct 31, 2023 to Mar 29, 2024
Pension RAUM · $11.2M to $14.1M
Oct 31, 2023 to Mar 29, 2024
RAUM · $220M to $258M
Oct 31, 2023 to Mar 29, 2024
Accounts · 78 to 391
Jul 15, 2022 to Mar 31, 2023
HNW clients · 44 to 46
Jul 15, 2022 to Mar 31, 2023
Individual clients · 29 to 49
Jul 15, 2022 to Mar 31, 2023
Pension plan clients · 4 to 6
Jul 15, 2022 to Mar 31, 2023
Discretionary RAUM · $211M to $220M
Jul 15, 2022 to Mar 31, 2023
HNW RAUM · $137M to $145M
Jul 15, 2022 to Mar 31, 2023
Individual RAUM · $29.9M to $25.9M
Jul 15, 2022 to Mar 31, 2023
Pension RAUM · $13.7M to $11.2M
Jul 15, 2022 to Mar 31, 2023
RAUM · $211M to $220M
Jul 15, 2022 to Mar 31, 2023

Signals

2 dated events

B••••• I••••••••• A••••••• L•• reported RAUM $541.9M, up 61% from $337.6M (2025-03-31 to 2026-03-27)
Mar 27, 2026 · RAUM change · derived
B••••• I••••••••• A••••••• L•• filed its initial SEC registration (Form ADV)
May 4, 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: B•••••ADVISORS.NETreportedpublic record, Form ADV, Sep 21, 2026
Principal office phone: 301-670-1700reportedpublic record, Form ADV, Mar 27, 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: $542Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026