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

Newfocus Financial Group, LLC

Former SEC-registered adviserVancouver, WashingtonCRD 132578SEC 801-63625IAPD
Latest filing Jul 8, 2020
First filing on the tape Mar 28, 2012 · 17 filings
RAUM
$603M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$603M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
14
7 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$603M as of Mar 19, 2020
Mar 28, 2012$168M then
HNW client RAUM$487M as of Mar 19, 2020
Mar 30, 2018$384M then
State-registered IARs (5.B.3)0 as of Mar 19, 2020
Mar 28, 20120 then
Employees (5.A)14 as of Mar 19, 2020
Mar 25, 20138 then
Private funds: no history
RAUM +20% over the last fiscal year+18% a year over threeIARs 8 to 0
Practice profile
derived from the filing of Jul 8, 2020; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.5MderivedHNW RAUM over HNW clients
Average account
$380,186derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
-100%derivedItem 5.B.3 between annual amendments
Client growth, one year
+12%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$487M81%
  • Individuals$116M19%
Individual clients
280reported
HNW clients
192reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
1,586reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
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
    • Francis Robert Black · Membercontrol
      since 10/2009 · owns 50% to 75%
    • Mitchell Chad Burton · Member/Chief Compliance Officercontrol
      since 10/2010 · owns 50% to 75%
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    • , 1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 1,394 to 1,586
      Jan 21, 2020 to Mar 19, 2020
    • Advisory employees · 8 to 7
      Jan 21, 2020 to Mar 19, 2020
    • Charity clients · unset to 0.0
      Jan 21, 2020 to Mar 19, 2020
    • Corporate clients · unset to 0.0
      Jan 21, 2020 to Mar 19, 2020
    • HNW clients · 170 to 192
      Jan 21, 2020 to Mar 19, 2020
    • Individual clients · 253 to 280
      Jan 21, 2020 to Mar 19, 2020
    • Pension plan clients · unset to 0.0
      Jan 21, 2020 to Mar 19, 2020
    • Pooled vehicle clients · unset to 0.0
      Jan 21, 2020 to Mar 19, 2020
    • Assets in custody · 330967807.0 to unset
      Jan 21, 2020 to Mar 19, 2020
    • Custody of client assets · true to false
      Jan 21, 2020 to Mar 19, 2020
    • Employees · 8 to 14
      Jan 21, 2020 to Mar 19, 2020
    • State-registered IARs · 8 to 0
      Jan 21, 2020 to Mar 19, 2020
    • Discretionary RAUM · $504M to $603M
      Jan 21, 2020 to Mar 19, 2020
    • HNW RAUM · $405M to $487M
      Jan 21, 2020 to Mar 19, 2020
    • Individual RAUM · $98.8M to $116M
      Jan 21, 2020 to Mar 19, 2020
    • Pension RAUM · unset to 0.0
      Jan 21, 2020 to Mar 19, 2020
    • Pooled vehicle RAUM · unset to 0.0
      Jan 21, 2020 to Mar 19, 2020
    • RAUM · $504M to $603M
      Jan 21, 2020 to Mar 19, 2020
    • Accounts · 1,258 to 1,394
      Mar 30, 2018 to Mar 22, 2019
    • Advisory employees · 7 to 8
      Mar 30, 2018 to Mar 22, 2019
    • HNW clients · 393 to 170
      Mar 30, 2018 to Mar 22, 2019
    • Individual clients · 216 to 253
      Mar 30, 2018 to Mar 22, 2019
    • Employees · 7 to 8
      Mar 30, 2018 to Mar 22, 2019
    • State-registered IARs · 7 to 8
      Mar 30, 2018 to Mar 22, 2019
    • Discretionary RAUM · $478M to $504M
      Mar 30, 2018 to Mar 22, 2019
    • HNW RAUM · $384M to $405M
      Mar 30, 2018 to Mar 22, 2019
    • Individual RAUM · $93.5M to $98.8M
      Mar 30, 2018 to Mar 22, 2019
    • RAUM · $478M to $504M
      Mar 30, 2018 to Mar 22, 2019
    • Accounts · 1,263 to 1,258
      Aug 24, 2017 to Mar 30, 2018
    • HNW clients · unset to 393.0
      Aug 24, 2017 to Mar 30, 2018
    • Individual clients · unset to 216.0
      Aug 24, 2017 to Mar 30, 2018
    • Assets in custody · unset to 330967807.0
      Aug 24, 2017 to Mar 30, 2018
    • Custody of client assets · false to true
      Aug 24, 2017 to Mar 30, 2018
    • Employees · 11 to 7
      Aug 24, 2017 to Mar 30, 2018
    • Other offices · unset to 1.0
      Aug 24, 2017 to Mar 30, 2018
    • Discretionary RAUM · $368M to $478M
      Aug 24, 2017 to Mar 30, 2018
    • HNW RAUM · unset to 384223561.0
      Aug 24, 2017 to Mar 30, 2018
    • Individual RAUM · unset to 93538719.0
      Aug 24, 2017 to Mar 30, 2018
    • RAUM · $368M to $478M
      Aug 24, 2017 to Mar 30, 2018
    • Accounts · 1,063 to 1,263
      Dec 19, 2016 to Mar 28, 2017
    Signals
    1 dated events
    • Newfocus Financial Group, Llc reported RAUM $477.8M, up 30% from $368.3M (2017-08-24 to 2018-03-30)
      Mar 30, 2018 · 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.
    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