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

N••••• C•••••• M••••••••• L••

Independent wealth managerMenlo Park, CaliforniaCRD 129776SEC 801-62601websiteIAPD
Latest filing Apr 2, 2026
First filing on the tape Mar 20, 2012 · 32 filings
SEC status approved since Jan 2, 2004
RAUM
$811M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
87%
$709M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$203M
derived; firm RAUM over IAPD count
Employees
10
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$811M as of Apr 2, 2026
Mar 20, 2012$265M then
HNW client RAUM$706M as of Apr 2, 2026
Mar 7, 2018$485M then
State-registered IARs (5.B.3)4 as of Apr 2, 2026
Mar 20, 20120 then
Employees (5.A)10 as of Apr 2, 2026
Feb 8, 20137 then
Private funds: no history
RAUM +14% over the last fiscal year+17% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Apr 2, 2026; every figure names its basis
Archetypes, each a printed rule
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
RAUM per advisor
$203MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
50derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.0MderivedHNW RAUM over HNW clients
Average account
$1.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
9.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.5derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+14%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+5.3%derived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, publicationsreportedItem 5.G
Custody
$675M, 190 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$706M87%
  • Charitable organizations$77.7M9.6%
  • Other investment advisers$24.0M3.0%
  • Individuals$3.0M0.4%
Individual clients
21reported
HNW clients
178reported
Pension plan clients
n/areported
Charitable clients
13reported
Accounts
685reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$675M for 190 clientsreported
Compensation
% of AUM, hourlyreported
Class basis
private_client_share=0.87 fund_share=0.03 institutional_share=0.1 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
B••••• P••••••• N•••••Chartered Financial AnalystMenlo Park, CaMay 15, 201542 y1
S•••••• P•••••• P•••••••Certified Financial PlannerMenlo Park, CaMay 20, 201523 y1
E••• P••••• N•••••Certified Financial PlannerMenlo Park, CaJun 6, 201612 y0
D•••• N••••• S••••Chartered Financial AnalystMenlo Park, CaJan 24, 201717 y0
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
Joined, latest
none on the tape
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • N•••••• B•••••• P••••••• · Presidentcontrol
      since 12/2003 · owns 75% or more
    • N•••••• E•••• P••••• · Principalcontrol
      since 12/2021 · owns 5% to 10%
    • P•••••••• S••••••• P•••••• · Member And Chief Compliance Officercontrol
      since 01/2006 · owns 10% to 25%
    • S••••• D••••• N••••• · Principalcontrol
      since 12/2021 · owns 5% to 10%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Menlo Park, Ca · principal400
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 672 to 685
      Mar 17, 2025 to Feb 24, 2026
    • Charity clients · 11 to 13
      Mar 17, 2025 to Feb 24, 2026
    • HNW clients · 169 to 178
      Mar 17, 2025 to Feb 24, 2026
    • Individual clients · 20 to 21
      Mar 17, 2025 to Feb 24, 2026
    • Pension plan clients · 2.0 to unset
      Mar 17, 2025 to Feb 24, 2026
    • Assets in custody · $620M to $675M
      Mar 17, 2025 to Feb 24, 2026
    • Discretionary RAUM · $712M to $811M
      Mar 17, 2025 to Feb 24, 2026
    • HNW RAUM · $611M to $706M
      Mar 17, 2025 to Feb 24, 2026
    • Individual RAUM · $2.9M to $3.0M
      Mar 17, 2025 to Feb 24, 2026
    • Pension RAUM · 7387119.0 to unset
      Mar 17, 2025 to Feb 24, 2026
    • RAUM · $712M to $811M
      Mar 17, 2025 to Feb 24, 2026
    • Accounts · 586 to 672
      Sep 18, 2024 to Mar 17, 2025
    • Charity clients · 14 to 11
      Sep 18, 2024 to Mar 17, 2025
    • HNW clients · 165 to 169
      Sep 18, 2024 to Mar 17, 2025
    • Individual clients · 6 to 20
      Sep 18, 2024 to Mar 17, 2025
    • Pension plan clients · 3 to 2
      Sep 18, 2024 to Mar 17, 2025
    • Assets in custody · $490M to $620M
      Sep 18, 2024 to Mar 17, 2025
    • Financial planning clients · 1-10 to 1-10
      Sep 18, 2024 to Mar 17, 2025
    • Discretionary RAUM · $638M to $712M
      Sep 18, 2024 to Mar 17, 2025
    • HNW RAUM · $548M to $611M
      Sep 18, 2024 to Mar 17, 2025
    • Individual RAUM · $810,519 to $2.9M
      Sep 18, 2024 to Mar 17, 2025
    • Pension RAUM · $6.7M to $7.4M
      Sep 18, 2024 to Mar 17, 2025
    • RAUM · $638M to $712M
      Sep 18, 2024 to Mar 17, 2025
    • Accounts · 560 to 586
      Mar 15, 2023 to Mar 19, 2024
    • Charity clients · 11 to 14
      Mar 15, 2023 to Mar 19, 2024
    • HNW clients · 158 to 165
      Mar 15, 2023 to Mar 19, 2024
    • Individual clients · 9 to 6
      Mar 15, 2023 to Mar 19, 2024
    • Pension plan clients · unset to 3.0
      Mar 15, 2023 to Mar 19, 2024
    • Assets in custody · $461M to $490M
      Mar 15, 2023 to Mar 19, 2024
    • Discretionary RAUM · $511M to $638M
      Mar 15, 2023 to Mar 19, 2024
    • HNW RAUM · $443M to $548M
      Mar 15, 2023 to Mar 19, 2024
    • Individual RAUM · $697,095 to $810,519
      Mar 15, 2023 to Mar 19, 2024
    • Pension RAUM · $5.0M to $6.7M
      Mar 15, 2023 to Mar 19, 2024
    • RAUM · $511M to $638M
      Mar 15, 2023 to Mar 19, 2024
    • Accounts · 561 to 560
      Jun 2, 2022 to Mar 15, 2023
    • Advisory employees · 6 to 7
      Jun 2, 2022 to Mar 15, 2023
    • Charity clients · 7 to 11
      Jun 2, 2022 to Mar 15, 2023
    • Assets in custody · $495M to $461M
      Jun 2, 2022 to Mar 15, 2023
    • Employees · 9 to 10
      Jun 2, 2022 to Mar 15, 2023
    • Discretionary RAUM · $598M to $511M
      Jun 2, 2022 to Mar 15, 2023
    Signals
    4 dated events
    • N••••• Darcy Smoot (Principal) appeared on Schedule A of N••••• C•••••• M••••••••• L••
      Mar 10, 2022 · Control person joined · fact
    • P••••• E••• N••••• (Principal) appeared on Schedule A of N••••• C•••••• M••••••••• L••
      Mar 10, 2022 · Control person joined · fact
    • Patrick Brian Roberts (Member) no longer on Schedule A of N••••• C•••••• M••••••••• L•• (listed 2020-05-19, absent 2020-11-09)
      Nov 9, 2020 · Control person left · inference
    • N••••• C•••••• M••••••••• L•• reported RAUM $675.3M, up 31% from $516.0M (2019-03-20 to 2020-03-16)
      Mar 16, 2020 · RAUM change · derived
    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 phone
    650-322-4000reportedpublished by the firm, firm site, Sep 15, 2026
    Business phone
    650-322-4002reportedpublished by the firm, firm site, Sep 15, 2026
    Firm profile
    linkedin.com/company/822268reportedpublic record, Form ADV, Sep 18, 2026
    Website
    nelsoncap.comreportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    (650) 322-4000reportedpublic record, Form ADV, Apr 2, 2026
    Contact form
    nelsoncap.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
    Team page
    nelsoncap.com/our-teamreportedpublished by the firm, firm site, Sep 15, 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
    $203Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026