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

Money Concepts Advisory Service

Broker-dealer affiliated wealth managerPalm Beach Gardens, FloridaCRD 12963SEC 801-39736websiteIAPD
Legal name Money Concepts Capital Corp
Latest filing Mar 24, 2026
First filing on the tape Mar 16, 2012 · 49 filings
SEC status approved since Oct 7, 1991
RAUM
$4.1B
reported, Item 5.F
Discretionary
61%
of RAUM
Private clients
98%
$4.0B individuals and HNW
Advisors
395
registered through the firm on IAPD
RAUM per advisor
$10.3M
derived; firm RAUM over IAPD count
Employees
478
375 advisory (5.B.1)
Offices
25
beyond the principal office
Private funds
0
reported on Schedule D
History
49 filings and snapshots on the tape
RAUM$4.1B as of Mar 24, 2026
Mar 16, 2012$744M then
HNW client RAUM$993M as of Mar 24, 2026
Mar 31, 2020$5.3M then
State-registered IARs (5.B.3)23 as of Mar 24, 2026
Mar 15, 2013396 then
Employees (5.A)478 as of Mar 24, 2026
Mar 15, 2013575 then
Private funds: no history
RAUM +22% over the last fiscal year+15% a year over threeIARs 58 to 23
Practice profile
derived from the filing of Mar 24, 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)
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
  • Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
RAUM per advisor
$10.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
43derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.9MderivedHNW RAUM over HNW clients
Average account
$238,844derivedRAUM over accounts (5.F.2.f)
Discretionary
61%derivedof RAUM
Institutional
1.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.2derivedItem 5.A over advisors
Advisors per office
15.2derived26 offices incl. principal (1.F.5)
RAUM growth, one year
+22%derivedbetween the last two annual amendments
Advisor growth, one year
-60%derivedItem 5.B.3 between annual amendments
Client growth, one year
+15%derived
Compensation
percentage of assets, hourly, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, otherreportedItem 5.G
Financial planning clients
1,000reportedItem 5.H
Wrap fee program
$50.6MreportedItem 5.I
Custody
$2.2B, 10,040 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Firms absorbed, 24 months
1derivedhalf or more of a firm's advisors moved here within 14 days
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is a broker-dealer (6.A.1)
  • 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
  • Individuals$3.0B74%
  • High-net-worth individuals$993M24%
  • Pension and profit-sharing plans$37.4M0.9%
  • Corporations and businesses$24.1M0.6%
  • Charitable organizations$9.0M0.2%
Individual clients
16,296reported
HNW clients
511reported
Pension plan clients
143reported
Charitable clients
31reported
Accounts
17,032reported
Financial planning clients
1,000reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$2.2B for 10,040 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.98 fund_share=0.0 institutional_share=0.01 related_bd=true related_bank=false bd_reps=456.0derived
Advisors registered through the firm
394 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Ganesh Nagrajan IyerPalm Beach Gardens, Fl Aug 6, 199335 y0
Richard Peter BulcavageCertified Financial PlannerSun City Center, Fl Jan 1, 199442 y0
Laurie Ann MuscarellaWindsor Locks, Ct Nov 24, 199428 y0
Denis Stephen WalshCertified Financial PlannerPalm Beach Gardens, Fl Sep 6, 199545 y0
Joseph James MassaroCertified Financial PlannerPalm Beach Gardens, Fl Oct 11, 199531 y0
Richard Wayne ChrzanowskiTampa, Fl Oct 13, 199531 y0
Michael Eugene DavisFrisco, Tx Mar 6, 199730 y0
Jonathan Errol WootenPaducah, Ky Jun 13, 199732 y0
Arthur William WrightPalm Beach Gardens, Fl Jan 1, 199833 y0
Gaetano CannataFeeding Hills, Ma Jan 1, 199838 y0
Walter Edward DrenenWethersfield, Ct Apr 27, 199833 y0
Anthony Thomas MuscarellaWindsor Locks, Ct Jun 24, 199840 y0
Rebecca Carol MullerCertified Financial PlannerPalm Beach Gardens, Fl Dec 18, 199842 y0
Lee A ColePalm Beach Gardens, Fl Dec 18, 199844 y0
Michael Lynn MeadorSaint Peters, Mo Dec 18, 199832 y0
Alan Paul SprinkelPalm Beach Gardens, Fl Jan 29, 199932 y0
Michael Lee RamseyCertified Financial PlannerOklahoma City, Ok Feb 19, 199938 y0
Richard Joseph PatientWethersfield, Ct Mar 31, 199935 y0
Anthony John RovaiPalm Beach Gardens, Fl Apr 6, 199933 y0
Donald Edward GravesGreenfield, Ma Jun 6, 199949 y0
Christopher William BlairCertified Financial PlannerDenver, Co Jun 18, 199931 y0
Carol Nixon EddyCertified Financial PlannerArvada, Co Jun 28, 199929 y0
Richard Alan MortonPalm Beach Gardens, Fl Aug 13, 199931 y0
John Scott KlineFrankfort, Ky Aug 16, 199929 y0
Stephen Anthony FisherCertified Financial PlannerSaint Peters, Mo Aug 30, 199934 y0
Edward Paul SabelawskiWethersfield, Ct Jan 1, 200029 y0
Brian Patrick DoddsColdwater, Oh Oct 10, 200031 y0
Paul J MenzelWethersfield, Ct Jan 1, 200141 y0
J Bruce HowellPalm Beach Gardens, Fl Jul 31, 200131 y0
Mark Allen FrazierPalm Beach Gardens, Fl Oct 17, 200134 y0
John Lincoln Hirst IIWethersfield, Ct Nov 21, 200136 y0
Susan ShookPalm Beach Gardens, Fl Dec 19, 200128 y0
James Thomas ObrienSaint Peters, Mo Dec 27, 200135 y0
Stanford Albein LindquistPalm Beach Gardens, Fl Dec 27, 200133 y0
Randy Steven ChristophelPalm Beach Gardens, Fl Jan 2, 200235 y0
Diana Bowman DamicoCincinnati, Oh Jan 2, 200227 y0
Steven Arnold ConleyPortsmouth, Oh Jan 2, 200236 y0
Scott Nolan SteinerCelina, Oh Jan 2, 200228 y0
Daniel David WolfPalm Beach Gardens, Fl Jan 2, 200236 y0
Cheryl Ann BoyerCertified Financial PlannerSidney, Oh Jan 2, 200240 y0
All 394 advisors at Money Concepts Advisory Service
Advisor movement
34 left, 24 joined in 12 months
net -10 in 12 months4 left in 90 days5 joined in 90 daysdeparture rate 8.6% of current headcount68 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Denis Stephen Walsh · President | Chief Executive Officer Compliance Officercontrol
    since 09/1987 · owns less than 5%
  • Cheryl Morris Barnett · Vice President | Compliance Officer
    since 02/1990 · owns less than 5%
  • Liza Maria Matos · Vice President | Compliance Officer
    since 01/2002 · owns less than 5%
  • Robert E Mullis · Vice President | Account Services
    since 06/2021 · owns less than 5%
  • Barry Richard Rittman · Vice President | Chief Financial Officer
    since 07/2003 · owns less than 5%
  • James Edward Walsh · Vice President | Advertising And Communications
    since 06/2003 · owns less than 5%
  • Mary Therese Walsh · Sr Vice President | Chief Compliance Officer
    since 04/1997 · owns less than 5%
Entity owners
  • Money Concepts International, · Owns 100% Of Money
    direct · owns 75% or more
  • Money Concepts International, Inc · Owns 100% Of Money Concepts Capital Corp.
    direct · owns 75% or more
  • Win Class A Stock Trust, Denis Walsh Ttee · Shareholder
    indirect · owns 75% or more of World Investment Network, Inc.
  • World Investment Network, Inc. · Shareholder
    indirect · owns 75% or more of Owns 100% Money Concepts International, Inc.
Related persons
Schedule D 7.A
Advisers that list Money Concepts Advisory Service as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Palm Beach Gardens, Fl · principal39441181
Saint Peters, Mo6690
Louisville, Ky4641
Wethersfield, Ct3120
New City, Ny1000
Bellefontaine, Oh901
Amherst, Nh910
Marietta, Ga700
Indianapolis, In610
Sidney, Oh600
Brea, Ca600
Placentia, Ca630
Conway, Ar550
Dublin, Oh500
Cincinnati, Oh500
Washington, Mo510
Bradenton, Fl400
Cleveland, Tn400
Pleasant View, Tn400
Troy, Mi400
Offices
Schedule D 1.F, the 25 largest
  • Louisville, KY14 employees
  • Saint Peters, MO10 employees
  • Fullerton, CA8 employees
  • Marietta, GA7 employees
  • Libertyville, IL7 employees
  • Placentia, CA5 employees
  • Corpus Christi, TX4 employees
  • Washington, MO4 employees
  • Shelbyville, KY4 employees
  • Prairie Village, KS4 employees
  • Miami, FL4 employees
  • Bellefontaine, OH4 employees
  • Wethersfield, CT4 employees
  • New City, NY4 employees
  • Middleville, MI3 employees
  • Springfield, IL3 employees
  • Hurricane, WV3 employees
  • Sidney, OH3 employees
  • Owensboro, KY2 employees
  • Loveland, CO2 employees
  • Columbus, IN2 employees
  • Saco, ME2 employees
  • Metairie, LA2 employees
  • Pleasant View, TN1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • advisor count dropChange between filings · filing Mar 24, 2026
    advisory representatives (Item 5.B.3) moved from 58.0 to 23.0 (-60.0%) between the annual amendments of 2025-03-20 and 2026-03-24; the peer median change was 0.0% (50 comparable advisers, 0.0th percentile of changes)
    peers: affiliated wealth managers, $1B to $5B (50) · 0.0% percentile
  • custody status changedChange between filings · filing Mar 24, 2026
    custody of client assets (Item 9.A): no on the filing of 2025-09-22, yes on the filing of 2026-03-24
    peers: affiliated wealth managers, $1B to $5B (56)
What changed
consecutive filings, newest first
  • Accounts · 14,898 to 17,032
    Sep 22, 2025 to Mar 24, 2026
  • Advisory employees · 431 to 375
    Sep 22, 2025 to Mar 24, 2026
  • BD registered reps · 431 to 456
    Sep 22, 2025 to Mar 24, 2026
  • Charity clients · 33 to 31
    Sep 22, 2025 to Mar 24, 2026
  • Corporate clients · 46 to 51
    Sep 22, 2025 to Mar 24, 2026
  • HNW clients · 430 to 511
    Sep 22, 2025 to Mar 24, 2026
  • Individual clients · 14,243 to 16,296
    Sep 22, 2025 to Mar 24, 2026
  • Pension plan clients · 146 to 143
    Sep 22, 2025 to Mar 24, 2026
  • Assets in custody · unset to 2197215237.0
    Sep 22, 2025 to Mar 24, 2026
  • Custody of client assets · false to true
    Sep 22, 2025 to Mar 24, 2026
  • Employees · 431 to 478
    Sep 22, 2025 to Mar 24, 2026
  • Insurance-licensed employees · 0 to 11
    Sep 22, 2025 to Mar 24, 2026
  • State-registered IARs · 58 to 23
    Sep 22, 2025 to Mar 24, 2026
  • Discretionary RAUM · $2.0B to $2.5B
    Sep 22, 2025 to Mar 24, 2026
  • HNW RAUM · $820M to $993M
    Sep 22, 2025 to Mar 24, 2026
  • Individual RAUM · $2.4B to $3.0B
    Sep 22, 2025 to Mar 24, 2026
  • Non-discretionary RAUM · $1.3B to $1.6B
    Sep 22, 2025 to Mar 24, 2026
  • Pension RAUM · $33.5M to $37.4M
    Sep 22, 2025 to Mar 24, 2026
  • RAUM · $3.3B to $4.1B
    Sep 22, 2025 to Mar 24, 2026
  • Wrap assets (manager) · $130M to $0
    Sep 22, 2025 to Mar 24, 2026
  • Accounts · 14,363 to 14,898
    Jul 1, 2024 to Mar 20, 2025
  • Advisory employees · 407 to 431
    Jul 1, 2024 to Mar 20, 2025
  • BD registered reps · 407 to 431
    Jul 1, 2024 to Mar 20, 2025
  • Corporate clients · 24 to 46
    Jul 1, 2024 to Mar 20, 2025
  • HNW clients · 366 to 430
    Jul 1, 2024 to Mar 20, 2025
  • Individual clients · 13,834 to 14,243
    Jul 1, 2024 to Mar 20, 2025
  • Pension plan clients · 136 to 146
    Jul 1, 2024 to Mar 20, 2025
  • Employees · 407 to 431
    Jul 1, 2024 to Mar 20, 2025
  • Insurance-licensed employees · 8 to 0
    Jul 1, 2024 to Mar 20, 2025
  • Financial planning clients · More than 500 to More than 500
    Jul 1, 2024 to Mar 20, 2025
  • State-registered IARs · 407 to 58
    Jul 1, 2024 to Mar 20, 2025
  • Other offices · 24 to 25
    Jul 1, 2024 to Mar 20, 2025
  • Discretionary RAUM · $1.7B to $2.0B
    Jul 1, 2024 to Mar 20, 2025
  • HNW RAUM · $624M to $820M
    Jul 1, 2024 to Mar 20, 2025
  • Individual RAUM · $2.2B to $2.4B
    Jul 1, 2024 to Mar 20, 2025
  • Non-discretionary RAUM · $1.2B to $1.3B
    Jul 1, 2024 to Mar 20, 2025
  • Pension RAUM · $25.6M to $33.5M
    Jul 1, 2024 to Mar 20, 2025
  • RAUM · $2.9B to $3.3B
    Jul 1, 2024 to Mar 20, 2025
  • Wrap assets (manager) · $99.7M to $130M
    Jul 1, 2024 to Mar 20, 2025
  • Accounts · 14,957 to 14,363
    Nov 17, 2023 to Mar 12, 2024
Signals
60 dated events
  • Lisa Dionne Ford no longer holds an investment adviser registration (last listed at Money Concepts Advisory Service on the 2026-09-16 feed)
    Sep 16, 2026 · Advisor registration ended · derived
  • Stephen Laurence Shloss left Money Concepts Advisory Service for Castle Financial (registered 2026-07-17)
    Jul 17, 2026 · Advisor changed firm · fact
  • Nicholas G. Amendolara left Money Concepts Advisory Service for Strategic Advisers Llc (registered 2026-08-07)
    Jul 7, 2026 · Advisor changed firm · fact
  • Gregory Drew Vacca left Money Concepts Advisory Service for Lpl Financial Llc (registered 2026-09-01)
    Jun 29, 2026 · Advisor changed firm · fact
  • Ingrid K Lamb left Money Concepts Advisory Service for Ameriprise Financial Services, Llc (registered 2026-06-25)
    Jun 26, 2026 · Advisor changed firm · fact
  • Karl Douglas Hering left Money Concepts Advisory Service for Unity Wealth Strategies (registered 2026-05-05)
    Apr 30, 2026 · Advisor changed firm · fact
  • Fernando Enrico Hirugami left Money Concepts Advisory Service for Merrill Lynch, Pierce, Fenner & Smith Incorporated (registered 2026-05-22)
    Apr 24, 2026 · Advisor changed firm · fact
  • Nathan Edward Niewinski left Money Concepts Advisory Service for Harbour Investments, Inc. (registered 2025-09-22)
    Apr 15, 2026 · Advisor changed firm · fact
  • Carlene Abraham left Money Concepts Advisory Service for Harbour Investments, Inc. (registered 2025-09-22)
    Apr 15, 2026 · Advisor changed firm · fact
  • Peter John Orth left Money Concepts Advisory Service for Liberty One Investment Management (registered 2019-10-22)
    Apr 15, 2026 · Advisor changed firm · fact
  • Mark Matthew Johnson left Money Concepts Advisory Service for Harbour Investments, Inc. (registered 2025-09-23)
    Apr 15, 2026 · Advisor changed firm · fact
  • Deacon Heath left Money Concepts Advisory Service for Harbour Investments, Inc. (registered 2025-09-22)
    Apr 15, 2026 · Advisor changed firm · fact
  • Jordan Bradford left Money Concepts Advisory Service for Harbour Investments, Inc. (registered 2025-09-22)
    Apr 15, 2026 · Advisor changed firm · fact
  • Michael Ted Grajdura left Money Concepts Advisory Service for Harbour Investments, Inc. (registered 2025-09-22)
    Apr 15, 2026 · Advisor changed firm · fact
  • Benjamin William Pahl left Money Concepts Advisory Service for Liberty One Investment Management (registered 2019-06-21)
    Apr 15, 2026 · Advisor changed firm · fact
  • Erich Norman Fischer left Money Concepts Advisory Service for Harbour Investments, Inc. (registered 2025-09-23)
    Apr 15, 2026 · Advisor changed firm · fact
  • Joey Dominic Bunton left Money Concepts Advisory Service for The Tranel Group, Llc (registered 2023-08-30)
    Apr 15, 2026 · Advisor changed firm · fact
  • Tyler James Braun left Money Concepts Advisory Service for The Tranel Group, Llc (registered 2023-08-18)
    Apr 15, 2026 · Advisor changed firm · fact
  • Trutoro's advisors moved to Money Concepts Advisory Service (Conway, AR): 3 of 3 registered, on the same day
    Apr 15, 2026 · Firm absorbed (people side) · derived
  • 6 advisors left Money Concepts Advisory Service (Palm Beach Gardens, FL) for Harbour Investments, Inc. on the same day
    Apr 15, 2026 · Team lift-out · derived
  • Money Concepts Advisory Service reported 23 state-registered advisory representatives, down from 58 (2025-09-22 to 2026-03-24)
    Mar 24, 2026 · Advisor headcount change · derived
  • Daniel Lucas Dickerson left Money Concepts Advisory Service for Rcm Wealth Advisors (registered 2026-03-04)
    Mar 2, 2026 · Advisor changed firm · fact
  • Gary Charles Grimes left Money Concepts Advisory Service for Bloom Financial Llc (registered 2026-03-03)
    Feb 27, 2026 · Advisor changed firm · fact
  • Brian Scott Allred left Money Concepts Advisory Service for Lpl Financial Llc (registered 2026-02-24)
    Feb 24, 2026 · Advisor changed firm · fact
  • Carlos Valadez left Money Concepts Advisory Service for Dmk Advisor Group, Inc. (registered 2026-03-16)
    Feb 12, 2026 · Advisor changed firm · fact
  • Marsha Sue Clark left Money Concepts Advisory Service for Raymond James Financial Services Advisors, Inc (registered 2026-02-02)
    Feb 4, 2026 · Advisor changed firm · fact
  • Nicholas Berrigan Hennessy left Money Concepts Advisory Service for Raymond James Financial Services Advisors, Inc (registered 2026-02-02)
    Feb 4, 2026 · Advisor changed firm · fact
  • Kevin Jerold Clifford left Money Concepts Advisory Service for Raymond James Financial Services Advisors, Inc (registered 2026-02-02)
    Feb 4, 2026 · Advisor changed firm · fact
  • Edwin Ray Kerley left Money Concepts Advisory Service for Raymond James Financial Services Advisors, Inc (registered 2026-02-02)
    Feb 4, 2026 · Advisor changed firm · fact
  • 2 advisors left Money Concepts Advisory Service (Prairie Village, KS) for Raymond James Financial Services Advisors, Inc on the same day
    Feb 4, 2026 · Team lift-out · derived
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Firm profile
LINKEDIN.COM/COMPANY/MONEY-CONCEPTSreportedpublic record, Form ADV, Sep 17, 2026
Website
MONEYCONCEPTS.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
561-472-2000reportedpublic record, Form ADV, Mar 24, 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
$10.3Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026